Defined Benefit (Pension) · DOL Form 5500 · 2023

Banco Santander S.a. New York Branch Pension Plan

Data updated 2026-08-25

$162M
Total assets Near avg plan size
297
Participants Below avg headcount
94th
Percentile by assets National rank
$545,793
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Banco Santander USA Offices Retirement Plan · Sponsored by Banco Santander S.a. New York Branch · New York · Finance & Insurance

$162M in assets, 297 participants

Banco Santander S.a. New York Branch's Banco Santander USA Offices Retirement Plan reported $162M in total assets and 297 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #8,019 in Finance & Insurance (8,869 peers)

Coverage in New York

Banco Santander USA Offices Retirement Plan covers 297 participants in New York, about 37% of the average New York filer (state average ~798 per filing). Assets: $162M.

#8,019
in Finance & Insurance (8,869 peers)
+5.3%
assets growth YoY
1.6×
vs typical plan assets (national mean)

Banco Santander USA Offices Retirement Plan's outsized position by total assets

Banco Santander USA Offices Retirement Plan vs every filed plan by assets

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

$162,100,423 Top 6% higher than 94% 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

Banco Santander USA Offices Retirement Plan 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. Banco Santander USA Offices Retirement Plan sits mid-pack in the medium band (297 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Banco Santander USA Offices Retirement Plan reported net income rose from -$26M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Banco Santander USA Offices Retirement Plan reported participants fell from 314 in the plan year 2022 filing to 297 in the plan year 2023 filing.
  • Banco Santander USA Offices Retirement Plan end-of-year assets rose from $154M in the plan year 2022 filing to $162M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 132617929 · Banco Santander S.a. New York Branch PY 2023 · Defined Benefit (Pension)

Banco Santander USA Offices Retirement Plan · $162M · 297 · 94th

  • IND $162M
  • EOY 297
  • 5500 94th
  • ASSETS Defined Benefit (Pension)
  • PCT near Magna U.S. Consolidated Pension Plan
  • EIN ind #8019

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 Finance & Insurance retirement plans → · Plans in New York →

Banco Santander USA Offices Retirement Plan in the asset neighbourhood

Pencor Services, Inc. Non-Agreement Pension PlanPencor Services, Inc. Non-Ag…$162MNorthwestern Lake Forest Hospital Employees Retirement PlanNorthwestern Lake Forest Hos…$162MBanco Santander USA Offices Retirement PlanBanco Santander USA Offices …$162MMagna U.S. Consolidated Pension PlanMagna U.S. Consolidated Pens…$162MCentury Aluminum Consolidated Retirement PlanCentury Aluminum Consolidate…$162M
End-of-year total assets ($M) among Banco Santander USA Offices Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$154M
Net Assets (End of Year)$162M
Net Income$8M
Employer EIN132617929
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Banco Santander S.a. New York Branch)

Sponsor-wide plan assets over time

All Banco Santander S.a. New York Branch plans reported in each filing year

Latest sponsor-wide plan assets
$123M 19.885527722925392% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $154M $123M ▼ -19.9%
Year Plans Participants Total Assets
2022 1 314 $154M
2023 1 297 $162M
2024 1 282 $123M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Banco Santander USA Offices Retirement Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Banco Santander USA Offices Retirement Plan, Total assets ($B): 0.162100423 · Participants: 297Banco Santander USA Offices Retirement PlanIBM 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
Banco Santander USA Offices Retirement Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Banco Santander USA Offices Retirement Plan side-by-side with 3 peers →

Banco Santander USA Offices Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Magna U.S. Consolidated Pension Plan in ($162M); by covered participants it is Retirement Plan for the Employees of Museum Associates in CA (297 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (297 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 Banco Santander USA Offices Retirement Plan assets move in 2023? ▼
Banco Santander USA Offices Retirement Plan grew at a solid clip - up 5.3% during 2023, from $154M to $162M. Reported net income was $8M.
How have Banco Santander S.a. New York Branch plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Banco Santander S.a. New York Branch's sponsor-wide assets declined 19.9%, from $154M to $123M.
Where does Banco Santander USA Offices Retirement Plan rank by assets among Form 5500 filers? ▼
Banco Santander USA Offices Retirement Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Banco Santander USA Offices Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Magna U.S. Consolidated Pension Plan in ($162M, 472 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Banco Santander USA Offices Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for the Employees of Museum Associates in CA (297 participants, $53M 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 132617929.

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.