Money Purchase · DOL Form 5500 · 2022
Board of Trustees Local 580 Annuity Fund Money Purchase Plan
Data updated 2026-08-06
- $710M
- Total assets
- 3,396
- Participants
- 98th
- Percentile by assets
- $209,074
- Avg per participant
Official DOL plan name: Local 580 Annuity Fund · Sponsored by Board of Trustees Local 580 Annuity Fund · New York · Construction
$710M in assets, 3,396 participants
Board of Trustees Local 580 Annuity Fund's Local 580 Annuity Fund reported $710M in total assets and 3,396 participants in its 2022 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 139,258 plans)
- #9,787 in Construction (9,938 peers)
Coverage in New York
Local 580 Annuity Fund covers 3,396 participants in New York, 4.3x the typical New York plan (state average ~795 per filing). Assets: $710M.
- $710M
- total plan assets (2022 EOY)
- 3,396
- covered participants
- 98th
- percentile by assets (of 139,258 plans)
- $209,074
- avg assets per participant
The plan reported a net loss of $123M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New York filers
In New York, the average filing covers about 795 participants across 8,491 plans. Local 580 Annuity Fund reports 3,396 participants - 4.3x that state average ($710M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $820M |
|---|---|
| Net Assets (End of Year) | $695M |
| Net Income | -$123M |
| Employer EIN | 136178512 |
| Plan Effective Date | 1964-01-24 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Local 580 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 6,792 | $1.4B |
| 2023 | 2 | 6,444 | $1.4B |
| 2024 | 1 | 3,126 | $663M |
Nearby Money Purchase Plans in New York
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Local 580 Annuity Fund vs. nearby Money Purchase plans in New York, assets vs. participants
- Tiaa Retirement Plan $4.5B · 11,825
- Young Men's Christian Association Retirement Fund Retirement Plan $3.6B · 42,922
- McKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan $1.7B · 11,845
- Brookhaven Science Associates, LLC Retirement Plan $1.3B · 2,436
- Iron Workers Locals 40,361, & 417 Annuity Fund $1.1B · 5,068
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Local 580 Annuity Fund by total assets, not by location.
- William Marsh Rice University Defined Contribution Retirement Plan (TX) $718M · 6,837
- Kaiser Permanente Supplemental Savings and Retirement Plan for Scpmg (CA) $693M · 6,078
- Pacific Coast Benefits Trust Fund (WA) $731M · 59,247
- 401(a) Def Cont Ret Plan for Dartmouth College Faculty/Staff (NH) $688M · 3,756
Frequently Asked Questions
How did Local 580 Annuity Fund assets move in 2022? ▼
How have Board of Trustees Local 580 Annuity Fund plan assets changed over time? ▼
Where does Local 580 Annuity Fund rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Local 580 Annuity Fund? ▼
Next read for Local 580 Annuity Fund
Filing takeaways
Ways to act on Local 580 Annuity Fund's numbers.
- By total assets, Local 580 Annuity Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in New York. Compare plans
- Board of Trustees Local 580 Annuity Fund's sponsor-wide assets have declined 53.3% since 2022 across 3 plan years on file. More Construction plans