Defined Benefit (Pension) · DOL Form 5500 · 2022
Board of Trustees Local 580 Pension Fund Pension Plan
Data updated 2026-08-11
- $766M
- Total assets
- 1,826
- Participants
- 99th
- Percentile by assets
- $419,230
- Avg per participant
Official DOL plan name: Local 580 Pension Fund · Sponsored by Board of Trustees Local 580 Pension Fund · New York · Construction
$766M in assets, 1,826 participants
Board of Trustees Local 580 Pension Fund's Local 580 Pension Fund reported $766M in total assets and 1,826 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #9,786 in Construction (9,927 peers)
Coverage in New York
Local 580 Pension Fund covers 1,826 participants in New York, 2.3x the typical New York plan (state average ~798 per filing). Assets: $766M.
- $766M
- total plan assets (2022 EOY)
- 1,826
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $419,230
- avg assets per participant
The plan reported a net loss of $93M 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 580 Pension Fund reports 1,826 participants - 2.3x that state average ($766M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $846M |
|---|---|
| Net Assets (End of Year) | $747M |
| Net Income | -$93M |
| Employer EIN | 136178514 |
| Plan Effective Date | 1954-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Local 580 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,826 | $766M |
| 2023 | 1 | 1,665 | $859M |
| 2024 | 1 | 1,516 | $953M |
Nearby Defined Benefit (Pension) Plans in New York
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Local 580 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 580 Pension Fund by total assets, not by location.
- Retirement Plan of Tennessee Farmers Mutual Insura (TN) $767M · 824
- Legacy Health Employees Retirement Plan (OR) $769M · 5,675
- The 2017 Employees' Pension Plan of Battelle Memorial Institute (OH) $769M · 1,221
- One Gas, Inc. Retirement Plan (OK) $769M · 840
Frequently Asked Questions
How did Local 580 Pension Fund assets move in 2022? ▼
How have Board of Trustees Local 580 Pension Fund plan assets changed over time? ▼
Where does Local 580 Pension Fund rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Local 580 Pension Fund? ▼
Next read for Local 580 Pension Fund
Filing takeaways
Ways to act on Local 580 Pension Fund's numbers.
- By total assets, Local 580 Pension Fund ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
- Board of Trustees Local 580 Pension Fund's sponsor-wide assets have grown 24.4% since 2022 across 3 plan years on file. More Construction plans