Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Local 580 Pension Fund Pension Plan

Data updated 2026-08-25

$859M
Total assets Above avg plan size
1,665
Participants Near avg headcount
98th
Percentile by assets National rank
$516,201
Avg per participant High balance/head
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Official DOL plan name: Local 580 Pension Fund · Sponsored by Board of Trustees Local 580 Pension Fund · New York · Construction

$859M in assets, 1,665 participants

Board of Trustees Local 580 Pension Fund's Local 580 Pension Fund reported $859M in total assets and 1,665 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,887 in Construction (9,030 peers)

Coverage in New York

Local 580 Pension Fund covers 1,665 participants in New York, 2.1x the typical New York plan (state average ~798 per filing). Assets: $859M.

#8,887
in Construction (9,030 peers)
+12.3%
assets growth YoY
8.6×
vs typical plan assets (national mean)

Local 580 Pension Fund's outsized position by total assets

Local 580 Pension Fund vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$859,474,022 Top 2% higher than 98% 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 580 Pension Fund's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 580 Pension Fund lands in the large band (1,665 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Local 580 Pension Fund reported net income rose from -$93M in the plan year 2022 filing to $89M in the plan year 2023 filing.
  • Local 580 Pension Fund end-of-year assets rose from $766M in the plan year 2022 filing to $859M in the plan year 2023 filing.
  • Local 580 Pension Fund reported participants fell from 1,826 in the plan year 2022 filing to 1,665 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 136178514 · Board of Trustees Local 580 Pension Fund PY 2023 · Defined Benefit (Pension)

Local 580 Pension Fund · $859M · 1,665 · 98th

  • EOY $859M
  • 5500 1,665
  • ASSETS 98th
  • PCT Defined Benefit (Pension)
  • EIN near Retirement Plan of Tennessee Farmers Mutual Insura
  • RANK ind #8887

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 Construction retirement plans → · Plans in New York →

Local 580 Pension Fund in the asset neighbourhood

Mack UAW Pension Plan$864MRetirement Plan of Tennessee Farmers Mutual InsuraRetirement Plan of Tennessee…$861MLocal 580 Pension Fund$859MPcs U.S. Employees' Pension PlanPcs U.S. Employees' Pension …$854MSwedish Health Services Pension PlanSwedish Health Services Pens…$852M
End-of-year total assets ($M) among Local 580 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)$766M
Net Assets (End of Year)$836M
Net Income$89M
Employer EIN136178514
Plan Effective Date1954-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Local 580 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Local 580 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$953M 24.439616283530306% vs 2022
2024 filing year
$700M$800M$900M$1,000M 202220232024 $766M $953M ▲ +24.4%
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 Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Local 580 Pension Fund, Total assets ($B): 0.859474022 · Participants: 1665Local 580 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 580 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Local 580 Pension Fund side-by-side with 3 peers →

Local 580 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 Retirement Plan of Tennessee Farmers Mutual Insura in TN ($861M); by covered participants it is Daimler Truck North America Pension Plan in OR (1,665 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($859M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,665 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 580 Pension Fund assets move in 2023? ▼
Local 580 Pension Fund grew at a solid clip - up 12.3% during 2023, from $766M to $859M. Reported net income was $89M.
How have Board of Trustees Local 580 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Local 580 Pension Fund's sponsor-wide assets grew 24.4%, from $766M to $953M.
Where does Local 580 Pension Fund rank by assets among Form 5500 filers? ▼
Local 580 Pension Fund ranks in the 98th 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 580 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan of Tennessee Farmers Mutual Insura in TN ($861M, 817 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local 580 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Daimler Truck North America Pension Plan in OR (1,665 participants, $460M 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 136178514.

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.