Money Purchase · DOL Form 5500 · 2022
Jt. Bd. of Trustees of the Unite Here! Local 54 Money Purchase Plan
Data updated 2026-08-11
- $41M
- Total assets
- 7,408
- Participants
- 86th
- Percentile by assets
- $5,526
- Avg per participant
Official DOL plan name: Unite Here! Local 54 Severance Fund · Sponsored by Jt. Bd. of Trustees of the Unite Here! Local 54 · New Jersey · Food Services & Accommodation
$41M in assets, 7,408 participants
Jt. Bd. of Trustees of the Unite Here! Local 54's Unite Here! Local 54 Severance Fund reported $41M in total assets and 7,408 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.
- 86th percentile by assets (of 139,126 plans)
- #4,436 in Food Services & Accommodation (4,592 peers)
Coverage in New Jersey
Unite Here! Local 54 Severance Fund covers 7,408 participants in New Jersey, 8.8x the typical New Jersey plan (state average ~844 per filing). Assets: $41M.
- $41M
- total plan assets (2022 EOY)
- 7,408
- covered participants
- 86th
- percentile by assets (of 139,126 plans)
- $5,526
- avg assets per participant
The plan reported a net loss of $8M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Unite Here! Local 54 Severance Fund reports 7,408 participants - 8.8x that state average ($41M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $48M |
|---|---|
| Net Assets (End of Year) | $41M |
| Net Income | -$8M |
| Employer EIN | 222431399 |
| Plan Effective Date | 1978-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Jt. Bd. of Trustees of the Unite Here! Local 54)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 7,408 | $41M |
| 2023 | 1 | 5,731 | $41M |
| 2024 | 1 | 6,047 | $41M |
Nearby Money Purchase Plans in New Jersey
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Unite Here! Local 54 Severance Fund vs. nearby Money Purchase plans in New Jersey, assets vs. participants
- Local 68 Engineers Union Annuity Plan $871M · 5,455
- Nysa-Ila Money Purchase Pension Fund and Plan $659M · 4,255
- Educational Testing Service 401(a) Retirement Plan $525M · 3,282
- Ironworkers Local 11 Annuity Fund $384M · 1,139
- Plumbers & Pipefitters Local 9 Surety Plan $257M · 1,957
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Unite Here! Local 54 Severance Fund by total assets, not by location.
- Millwrights Pension Plan (TX) $41M · 3,482
- Union Roofers Supplemental Annuity Trust Fund (CA) $40M · 6,715
- Mid-South Regional Council Local 318 Money (TN) $41M · 529
- National Hockey League Pension Plan for United States Off Ice Employees (NY) $40M · 211
Frequently Asked Questions
How did Unite Here! Local 54 Severance Fund assets move in 2022? ▼
How have Jt. Bd. of Trustees of the Unite Here! Local 54 plan assets changed over time? ▼
Where does Unite Here! Local 54 Severance Fund rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Unite Here! Local 54 Severance Fund? ▼
Next read for Unite Here! Local 54 Severance Fund
Filing takeaways
Ways to act on Unite Here! Local 54 Severance Fund's numbers.
- By total assets, Unite Here! Local 54 Severance 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 Jersey. Compare plans
- Jt. Bd. of Trustees of the Unite Here! Local 54's sponsor-wide assets have grown 0.1% since 2022 across 3 plan years on file. More Food Services & Accommodation plans