Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of Local 553 Pension Fund Pension Plan

Data updated 2026-08-25

$252M
Total assets Near avg plan size
341
Participants Below avg headcount
96th
Percentile by assets National rank
$739,141
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

$252M in assets, 341 participants

Board of Trustees of Local 553 Pension Fund's Local 553 Pension Fund reported $252M in total assets and 341 participants in its 2023 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.

  • #8,202 in Retail Trade (8,414 peers)

Coverage in New York

Local 553 Pension Fund covers 341 participants in New York, about 43% of the average New York filer (state average ~798 per filing). Assets: $252M.

#8,202
in Retail Trade (8,414 peers)
+1.7%
assets growth YoY
2.5×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$252,047,022 Top 4% higher than 96% of 127,068 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 2023

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

Plan-year 2023 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 (341 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Local 553 Pension Fund reported net income rose from -$43M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Local 553 Pension Fund reported participants fell from 355 in the plan year 2022 filing to 341 in the plan year 2023 filing.
  • Local 553 Pension Fund end-of-year assets rose from $248M in the plan year 2022 filing to $252M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 136637826 · Board of Trustees of Local 553 Pension Fund PY 2023 · Defined Benefit (Pension)

Local 553 Pension Fund · $252M · 341 · 96th

  • EIN $252M
  • EIN 341
  • EIN 96th
  • EIN Defined Benefit (Pension)
  • EIN near Clarios Pension Plan Battery Division Hourly Employees
  • EIN ind #8202

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

Local 553 Pension Fund$252MClarios Pension Plan Battery Division Hourly EmployeesClarios Pension Plan Battery…$251MDana U.S.W. Hourly Employees' Pension PlanDana U.S.W. Hourly Employees…$251MSeafarers Officers and Employees Pension PlanSeafarers Officers and Emplo…$251MRoseburg Forest Products Co. and Carpenters Industrial Council Pension PlanRoseburg Forest Products Co.…$251M
End-of-year total assets ($M) among Local 553 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$248M
Net Assets (End of Year)$252M
Net Income$4M
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. -50000050000100000150000 -100102030 Total assets ($B) Participants Local 553 Pension Fund, Total assets ($B): 0.252047022 · Participants: 341Local 553 Pension FundIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
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 Clarios Pension Plan Battery Division Hourly Employees in WI ($251M); by covered participants it is Spirit Aerosystems Holdings, Inc. Pension Value Plan a in KS (341 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (341 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Local 553 Pension Fund edged up modestly - up 1.7% during 2023, from $248M to $252M. Reported net income was $4M.
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 127,072 plans that reported assets for plan year 2023 (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 Clarios Pension Plan Battery Division Hourly Employees in WI ($251M, 1,258 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 Spirit Aerosystems Holdings, Inc. Pension Value Plan a in KS (341 participants, $1M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.