Money Purchase · DOL Form 5500 · 2022
Board of Trustees of Local 553 Deferred Compensation Fund Money Purchase Plan
Data updated 2026-08-11
- $46M
- Total assets
- 376
- Participants
- 87th
- Percentile by assets
- $122,246
- Avg per participant
Official DOL plan name: Local 553 Deferred Compensation Fund · Sponsored by Board of Trustees of Local 553 Deferred Compensation Fund · New York · Retail Trade
$46M in assets, 376 participants
Board of Trustees of Local 553 Deferred Compensation Fund's Local 553 Deferred Compensation Fund reported $46M in total assets and 376 participants in its 2022 DOL Form 5500 filing, ranking in the 87th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 87th percentile by assets (of 139,126 plans)
- #8,862 in Retail Trade (9,519 peers)
Coverage in New York
Local 553 Deferred Compensation Fund covers 376 participants in New York, about 47% of the average New York filer (state average ~798 per filing). Assets: $46M.
- $46M
- total plan assets (2022 EOY)
- 376
- covered participants
- 87th
- percentile by assets (of 139,126 plans)
- $122,246
- avg assets per participant
The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Local 553 Deferred Compensation Fund reports 376 participants - about 47% of that state average ($46M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $53M |
|---|---|
| Net Assets (End of Year) | $46M |
| Net Income | -$7M |
| Employer EIN | 132977211 |
| Plan Effective Date | 1978-12-16 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Local 553 Deferred Compensation Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 376 | $46M |
| 2023 | 1 | 361 | $46M |
| 2024 | 1 | 337 | $46M |
Nearby Money Purchase Plans in New York
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Local 553 Deferred Compensation Fund vs. nearby Money Purchase plans in New York, assets vs. participants
- Tiaa Retirement Plan $4.5B · 11,825
- Young Men's Christian Association Retirement Fund Retirement Plan $3.6B · 42,922
- McKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan $1.7B · 11,845
- Brookhaven Science Associates, LLC Retirement Plan $1.3B · 2,436
- Iron Workers Locals 40,361, & 417 Annuity Fund $1.1B · 5,068
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Local 553 Deferred Compensation Fund by total assets, not by location.
Frequently Asked Questions
How did Local 553 Deferred Compensation Fund assets move in 2022? ▼
How have Board of Trustees of Local 553 Deferred Compensation Fund plan assets changed over time? ▼
Where does Local 553 Deferred Compensation Fund rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Local 553 Deferred Compensation Fund? ▼
Next read for Local 553 Deferred Compensation Fund
Filing takeaways
Ways to act on Local 553 Deferred Compensation Fund's numbers.
- By total assets, Local 553 Deferred Compensation Fund ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in New York. Compare plans
- Board of Trustees of Local 553 Deferred Compensation Fund's sponsor-wide assets have declined 0.7% since 2022 across 3 plan years on file. More Retail Trade plans