Defined Benefit (Pension) · DOL Form 5500 · 2022
Board of Trustees of Local 553 Pension Fund Pension Plan
Data updated 2026-08-11
- $248M
- Total assets
- 355
- Participants
- 96th
- Percentile by assets
- $698,452
- Avg per participant
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.
- 96th percentile by assets (of 139,126 plans)
- #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.
- $248M
- total plan assets (2022 EOY)
- 355
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $698,452
- avg assets per participant
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.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Local 553 Pension Fund reports 355 participants - about 44% of that state average ($248M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $291M |
|---|---|
| Net Assets (End of Year) | $248M |
| Net Income | -$43M |
| Employer EIN | 136637826 |
| Plan Effective Date | 1956-03-15 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Local 553 Pension Fund)
| 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
- IBM Personal Pension Plan $25.5B · 16,431
- Consolidated Edison Retirement Plan $15.8B · 11,303
- Pepsico Employees Retirement Plan I $7.7B · 11,386
- New York State Nurses Association Pension Plan $5.0B · 18,592
- New York District Council of Carpenters Pension Pl $4.8B · 11,318
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Local 553 Pension Fund by total assets, not by location.
Frequently Asked Questions
How did Local 553 Pension Fund assets move in 2022? ▼
How have Board of Trustees of Local 553 Pension Fund plan assets changed over time? ▼
Where does Local 553 Pension Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Local 553 Pension Fund? ▼
Next read for Local 553 Pension Fund
Filing takeaways
Ways to act on Local 553 Pension Fund's numbers.
- By total assets, Local 553 Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
- Board of Trustees of Local 553 Pension Fund's sponsor-wide assets have grown 2.1% since 2022 across 3 plan years on file. More Retail Trade plans