Money Purchase · DOL Form 5500 · 2022
Jt. Bd. of Trustees of the Unite Here! Local 54 Money Purchase Plan
Data updated 2026-08-25
- $41M
- Total assets Below avg plan size
- 7,408
- Participants Very large workforce
- 86th
- Percentile by assets National rank
- $5,526
- Avg per participant Low balance/head
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.
- #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.
- #4,436
- in Food Services & Accommodation (4,592 peers)
- -15.4%
- assets change YoY
- 0.4×
- vs typical plan assets (national mean)
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.
Unite Here! Local 54 Severance Fund's outsized position by total assets
Unite Here! Local 54 Severance Fund vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$40,933,912 Top 14% higher than 86% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Unite Here! Local 54 Severance Fund's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Unite Here! Local 54 Severance Fund lands in the large band (7,408 participants).
Plan-year Form 5500 strip
Filing strip 222431399 · Jt. Bd. of Trustees of the Unite Here! Local 54 PY 2022 · Money Purchase
Unite Here! Local 54 Severance Fund · $41M · 7,408 · 86th
- NET $41M
- BOOK 7,408
- VS-ST 86th
- BOY Money Purchase
- SCH near Millwrights Pension Plan
- EBSA ind #4436
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 Food Services & Accommodation retirement plans → · Plans in New Jersey →
Unite Here! Local 54 Severance Fund in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Jt. Bd. of Trustees of the Unite Here! Local 54 plans reported in each filing year
- Latest sponsor-wide plan assets
- $41M 0.064328080834297% vs 2022
- 2024 filing year
| 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.
- 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
Unite Here! Local 54 Severance Fund's out-of-state Money Purchase peers by assets and headcount
Outside New Jersey, the nearest Money Purchase by assets is Millwrights Pension Plan in TX ($41M); by covered participants it is Operating Engineers' Local 324, Defined Contribution Pension Plan in MI (7,312 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($41M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (7,408 participants); asset peers above are excluded.
- Operating Engineers' Local 324, Defined Contribution Pension Plan (MI) 7,312 · 96 off
- Presbyterian Homes and Services Employees Retirement Savings and Investment Plan (MN) 7,298 · 110 off
- Seafarers Money Purchase Pension Plan (MD) 7,557 · 149 off
- Kaiser Permanente Washington Defined Contribution Plan (CA) 7,075 · 333 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.