Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees of Local 553 Pension Fund Pension Plan

Data updated 2026-08-25

$248M
Total assets Near avg plan size
355
Participants Below avg headcount
96th
Percentile by assets National rank
$698,452
Avg per participant High balance/head
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Official DOL plan name: Local 553 Pension Fund · Sponsored by Board of Trustees of Local 553 Pension Fund · New York · Retail Trade

$248M in assets, 355 participants

Board of Trustees of Local 553 Pension Fund's Local 553 Pension Fund reported $248M in total assets and 355 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #9,324 in Retail Trade (9,519 peers)

Coverage in New York

Local 553 Pension Fund covers 355 participants in New York, about 44% of the average New York filer (state average ~798 per filing). Assets: $248M.

#9,324
in Retail Trade (9,519 peers)
-14.7%
assets change YoY
2.5×
vs typical plan assets (national mean)

The plan reported a net loss of $43M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Local 553 Pension Fund's outsized position by total assets

Local 553 Pension Fund vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$247,950,310 Top 4% higher than 96% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Local 553 Pension Fund among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 553 Pension Fund sits mid-pack in the medium band (355 participants).

DOL schedule card

Filing strip 136637826 · Board of Trustees of Local 553 Pension Fund PY 2022 · Defined Benefit (Pension)

Local 553 Pension Fund · $248M · 355 · 96th

  • ASSETS $248M
  • ASSETS 355
  • ASSETS 96th
  • ASSETS Defined Benefit (Pension)
  • ASSETS near Mitsubishi Motors NA, Inc. - Manufacturing Div Pension Plan for Associates
  • ASSETS ind #9324

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in New York →

Local 553 Pension Fund in the asset neighbourhood

Benjamin Moore & Co. Retirement Income PlanBenjamin Moore & Co. Retirem…$248MMassachusetts Service Employees Pension PlanMassachusetts Service Employ…$248MMitsubishi Motors NA, Inc. - Manufacturing Div Pension Plan for AssociatesMitsubishi Motors NA, Inc. -…$248MLocal 553 Pension Fund$248MPension Plan for Employees of GivaudanPension Plan for Employees o…$248M
End-of-year total assets ($M) among Local 553 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$291M
Net Assets (End of Year)$248M
Net Income-$43M
Employer EIN136637826
Plan Effective Date1956-03-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Local 553 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Local 553 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$253M 2.095497279273416% vs 2022
2024 filing year
$246M$248M$250M$252M$254M 202220232024 $248M $253M ▲ +2.1%
Year Plans Participants Total Assets
2022 1 355 $248M
2023 1 341 $252M
2024 1 324 $253M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Local 553 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -100102030 Total assets ($B) Participants Local 553 Pension Fund, Total assets ($B): 0.24795031 · Participants: 355Local 553 Pension FundIBM Personal Pension Plan, Total assets ($B): 25.511753238 · Participants: 16431IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 15.815266303 · Participants: 11303Consolidated Edison Retirement PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.656963 · Participants: 11386Pepsico Employees Retirement Plan INew York State Nurses Association Pension Plan, Total assets ($B): 5.019503014 · Participants: 18592New York State Nurses Association Pension PlanNew York District Council of Carpenters Pension Pl, Total assets ($B): 4.837058087 · Participants: 11318New York District Council of Carpenters Pension Pl
Local 553 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Local 553 Pension Fund side-by-side with 3 peers →

Local 553 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Mitsubishi Motors NA, Inc. - Manufacturing Div Pension Plan for Associates in TN ($248M); by covered participants it is Community Memorial Hospital Retirement Plan in WI (355 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (355 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Local 553 Pension Fund assets move in 2022? ▼
Local 553 Pension Fund pulled back noticeably - down 14.7% during 2022, from $291M to $248M. Reported net income was -$43M.
How have Board of Trustees of Local 553 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Local 553 Pension Fund's sponsor-wide assets grew 2.1%, from $248M to $253M.
Where does Local 553 Pension Fund rank by assets among Form 5500 filers? ▼
Local 553 Pension Fund ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Local 553 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Mitsubishi Motors NA, Inc. - Manufacturing Div Pension Plan for Associates in TN ($248M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local 553 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Community Memorial Hospital Retirement Plan in WI (355 participants, $111M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 136637826.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.