Money Purchase · DOL Form 5500 · 2023
Board of Trustees Local 580 Annuity Fund Money Purchase Plan
Data updated 2026-08-25
- $703M
- Total assets Above avg plan size
- 3,222
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $218,285
- Avg per participant Above avg balance/head
Official DOL plan name: Local 580 Annuity Fund · Sponsored by Board of Trustees Local 580 Annuity Fund · New York · Construction
$703M in assets, 3,222 participants
Board of Trustees Local 580 Annuity Fund's Local 580 Annuity Fund reported $703M in total assets and 3,222 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.
- #8,859 in Construction (9,030 peers)
Coverage in New York
Local 580 Annuity Fund covers 3,222 participants in New York, 4.0x the typical New York plan (state average ~798 per filing). Assets: $703M.
- #8,859
- in Construction (9,030 peers)
- -0.9%
- assets change YoY
- 7.1×
- vs typical plan assets (national mean)
The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Local 580 Annuity Fund's outsized position by total assets
Local 580 Annuity Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$703,312,891 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Local 580 Annuity 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 Annuity Fund lands in the large band (3,222 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Local 580 Annuity Fund reported net income rose from -$123M in the plan year 2022 filing to -$9M in the plan year 2023 filing.
- Local 580 Annuity Fund reported participants fell from 3,396 in the plan year 2022 filing to 3,222 in the plan year 2023 filing.
- Local 580 Annuity Fund end-of-year assets fell from $710M in the plan year 2022 filing to $703M in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 136178512 · Board of Trustees Local 580 Annuity Fund PY 2023 · Money Purchase
Local 580 Annuity Fund · $703M · 3,222 · 98th
- EBSA $703M
- EBSA 3,222
- EBSA 98th
- EBSA Money Purchase
- EBSA near Saint Louis University Retirement Plan
- EBSA ind #8859
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 Annuity Fund in the asset neighbourhood
New York filing particulars
| Total Assets (Beginning of Year) | $710M |
|---|---|
| Net Assets (End of Year) | $686M |
| Net Income | -$9M |
| Employer EIN | 136178512 |
| Plan Effective Date | 1964-01-24 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Local 580 Annuity Fund)
Sponsor-wide plan assets over time
All Board of Trustees Local 580 Annuity Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $663M 53.331747396028874% vs 2022
- 2024 filing year
| 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.
- Tiaa Retirement Plan $5.3B · 12,501
- Young Men's Christian Association Retirement Fund Retirement Plan $3.7B · 43,490
- McKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan $2.0B · 15,163
- Brookhaven Science Associates, LLC Retirement Plan $1.4B · 2,473
- Iron Workers Locals 40, 361 & 417 Annuity Fund $1.2B · 4,998
Local 580 Annuity Fund's out-of-state Money Purchase peers by assets and headcount
Outside New York, the nearest Money Purchase by assets is Saint Louis University Retirement Plan in MO ($709M); by covered participants it is Plumbers & Pipefitters Lu 286 Money Purchase Plan in NM (3,203 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($703M here).
- Saint Louis University Retirement Plan (MO) $709M · 2,863
- Kaiser Permanente Supplemental Savings and Retirement Plan for Union Groups (CA) $681M · 9,948
- NECA-IBEW Local 176 Pension Trust Fund (IL) $678M · 2,263
- Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan (MA) $739M · 3,231
Similar participant headcount
Nearest other-state filings by covered participants (3,222 participants); asset peers above are excluded.
- Plumbers & Pipefitters Lu 286 Money Purchase Plan (NM) 3,203 · 19 off
- IBEW Local Union No. 22/NECA Defined Contribution Pension Fund, Plan B (NE) 3,181 · 41 off
- St. Paul Electrical Construction Workers Supplemental Pension Plan (MN) 3,139 · 83 off
- Educational Testing Service 401(a) Retirement Plan (NJ) 3,310 · 88 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.