Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Local 580 Pension Fund Pension Plan

Data updated 2026-08-11

$859M
Total assets
1,665
Participants
98th
Percentile by assets
$516,201
Avg per participant
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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.

  • 98th percentile by assets (of 127,072 plans)
  • #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.

$859M
total plan assets (2023 EOY)
1,665
covered participants
98th
percentile by assets (of 127,072 plans)
$516,201
avg assets per participant

Where Local 580 Pension Fund sits 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 $2,010,000,000 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

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 →

State
New York
Industry
Construction

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Local 580 Pension Fund reports 1,665 participants - 2.1x that state average ($859M EOY assets).

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)

$700M$800M$900M$1,000M 202220232024 $766M $953M ▲ +24.4%
Total plan assets by year, all Board of Trustees Local 580 Pension Fund plans on file
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…, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension…Consolidated Edison …, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison …1199seiu Health Care…, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care…Pfizer Consolidated …, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated …Pepsico Employees Re…, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Re…
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 →

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.

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).

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 in the top 5% of all filed plans by assets. 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

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.