Money Purchase · DOL Form 5500 · 2023

Jt. Bd. of Trustees of the Unite Here! Local 54 Money Purchase Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
5,731
Participants Above avg headcount
83rd
Percentile by assets National rank
$7,183
Avg per participant Low balance/head
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Official DOL plan name: Unite Here! Local 54 Severance Fund · Sponsored by Jt. Bd. of Trustees of the Unite Here! Local 54 · New Jersey · Food Services & Accommodation

$41M in assets, 5,731 participants

Jt. Bd. of Trustees of the Unite Here! Local 54's Unite Here! Local 54 Severance Fund reported $41M in total assets and 5,731 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #3,660 in Food Services & Accommodation (3,828 peers)

Coverage in New Jersey

Unite Here! Local 54 Severance Fund covers 5,731 participants in New Jersey, 6.8x the typical New Jersey plan (state average ~844 per filing). Assets: $41M.

#3,660
in Food Services & Accommodation (3,828 peers)
+0.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Unite Here! Local 54 Severance Fund's outsized position by total assets

Unite Here! Local 54 Severance Fund vs every filed plan by assets

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

$41,166,489 Top 17% higher than 83% 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

Unite Here! Local 54 Severance 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. Unite Here! Local 54 Severance Fund lands in the large band (5,731 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Unite Here! Local 54 Severance Fund reported net income rose from -$8M in the plan year 2022 filing to $289K in the plan year 2023 filing.
  • Unite Here! Local 54 Severance Fund reported participants fell from 7,408 in the plan year 2022 filing to 5,731 in the plan year 2023 filing.
  • Unite Here! Local 54 Severance Fund end-of-year assets rose from $41M in the plan year 2022 filing to $41M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 222431399 · Jt. Bd. of Trustees of the Unite Here! Local 54 PY 2023 · Money Purchase

Unite Here! Local 54 Severance Fund · $41M · 5,731 · 83rd

  • PCT $41M
  • PCT 5,731
  • PCT 83rd
  • PCT Money Purchase
  • PCT near Roofers Union Local No. 70 Pension Plan
  • PCT ind #3660

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 Food Services & Accommodation retirement plans → · Plans in New Jersey →

Unite Here! Local 54 Severance Fund in the asset neighbourhood

Insulators Local 45 Defined Contribution Pension FundInsulators Local 45 Defined …$42MTexas A&m Foundation Employees' Pension PlanTexas A&m Foundation Employe…$41MRoofers Union Local No. 70 Pension PlanRoofers Union Local No. 70 P…$41MUnite Here! Local 54 Severance FundUnite Here! Local 54 Severan…$41MMillwright L.U. No. 1554 Supplemental Pension PlanMillwright L.U. No. 1554 Sup…$41M
End-of-year total assets ($M) among Unite Here! Local 54 Severance Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$41M
Net Income$289K
Employer EIN222431399
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Jt. Bd. of Trustees of the Unite Here! Local 54)

Sponsor-wide plan assets over time

All Jt. Bd. of Trustees of the Unite Here! Local 54 plans reported in each filing year

Latest sponsor-wide plan assets
$41M 0.064328080834297% vs 2022
2024 filing year
$40.9M$41M$41.1M$41.2M 202220232024 $40.9M $41M ▲ +0.1%
Year Plans Participants Total Assets
2022 1 7,408 $41M
2023 1 5,731 $41M
2024 1 6,047 $41M

Nearby Money Purchase Plans in New Jersey

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Unite Here! Local 54 Severance Fund vs. nearby Money Purchase plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 0200040006000 -20002004006008001000 Total assets ($M) Participants Unite Here! Local 54 Severance Fund, Total assets ($M): 41.166489 · Participants: 5731Unite Here! Local 54 Severance FundLocal 68 Engineers Union Annuity Plan, Total assets ($M): 919.004157 · Participants: 5196Local 68 Engineers Union Annuity PlanNysa-Ila Money Purchase Pension Fund and Plan, Total assets ($M): 787.160185 · Participants: 4634Nysa-Ila Money Purchase Pension Fund and PlanEducational Testing Service 401(a) Retirement Plan, Total assets ($M): 577.237524 · Participants: 3310Educational Testing Service 401(a) Retirement PlanIronworkers Local 11 Annuity Fund, Total assets ($M): 375.482782 · Participants: 1159Ironworkers Local 11 Annuity FundPlumbers & Pipefitters Local 9 Surety Plan, Total assets ($M): 287.464744 · Participants: 2179Plumbers & Pipefitters Local 9 Surety Plan
Unite Here! Local 54 Severance Fund vs. nearby Money Purchase plans in New Jersey, assets vs. participants
Compare Unite Here! Local 54 Severance Fund side-by-side with 3 peers →

Unite Here! Local 54 Severance Fund's out-of-state Money Purchase peers by assets and headcount

Outside New Jersey, the nearest Money Purchase by assets is Roofers Union Local No. 70 Pension Plan in MI ($41M); by covered participants it is Local 804 Annuity Fund in NY (5,690 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5,731 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 Unite Here! Local 54 Severance Fund assets move in 2023? ▼
Unite Here! Local 54 Severance Fund held essentially flat - up 0.6% during 2023, from $41M to $41M. Reported net income was $289K.
How have Jt. Bd. of Trustees of the Unite Here! Local 54 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Jt. Bd. of Trustees of the Unite Here! Local 54's sponsor-wide assets grew 0.1%, from $41M to $41M.
Where does Unite Here! Local 54 Severance Fund rank by assets among Form 5500 filers? ▼
Unite Here! Local 54 Severance Fund ranks in the 83rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Money Purchase plans are similar in size to Unite Here! Local 54 Severance Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Roofers Union Local No. 70 Pension Plan in MI ($41M, 378 participants).
Which Money Purchase plans cover a similar participant headcount to Unite Here! Local 54 Severance Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is Local 804 Annuity Fund in NY (5,690 participants, $86M 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 222431399.

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.