Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of Local 553 Pension Fund Pension Plan

Data updated 2026-08-25

$253M
Total assets Near avg plan size
324
Participants Below avg headcount
95th
Percentile by assets National rank
$781,315
Avg per participant High balance/head
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Official DOL plan name: Local 553 Pension Fund · Sponsored by Board of Trustees of Local 553 Pension Fund · New York · Retail Trade

$253M in assets, 324 participants

Board of Trustees of Local 553 Pension Fund's Local 553 Pension Fund reported $253M in total assets and 324 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #7,824 in Retail Trade (8,048 peers)

Coverage in New York

Local 553 Pension Fund covers 324 participants in New York, about 41% of the average New York filer (state average ~798 per filing). Assets: $253M.

#7,824
in Retail Trade (8,048 peers)
+0.4%
assets growth YoY
2.5×
vs typical plan assets (national mean)

Local 553 Pension Fund's outsized position by total assets

Local 553 Pension Fund vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$253,146,102 Top 5% higher than 95% of 123,620 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 2024

Local 553 Pension Fund among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 553 Pension Fund sits mid-pack in the medium band (324 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Local 553 Pension Fund reported net income fell from $4M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Local 553 Pension Fund reported participants fell from 341 in the plan year 2023 filing to 324 in the plan year 2024 filing.
  • Local 553 Pension Fund end-of-year assets rose from $252M in the plan year 2023 filing to $253M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 136637826 · Board of Trustees of Local 553 Pension Fund PY 2024 · Defined Benefit (Pension)

Local 553 Pension Fund · $253M · 324 · 95th

  • 5500 $253M
  • 5500 324
  • 5500 95th
  • 5500 Defined Benefit (Pension)
  • 5500 near IBEW Local No. 117 Pension Fund
  • 5500 ind #7824

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 Retail Trade retirement plans → · Plans in New York →

Local 553 Pension Fund in the asset neighbourhood

Henkel of America Retirement PlanHenkel of America Retirement…$254MFbl Financial Group Retirement PlanFbl Financial Group Retireme…$254MLocal 553 Pension Fund$253MIBEW Local No. 117 Pension FundIBEW Local No. 117 Pension F…$253MRetirement Income Plan$253M
End-of-year total assets ($M) among Local 553 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$252M
Net Assets (End of Year)$253M
Net Income$1M
Employer EIN136637826
Plan Effective Date1956-03-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Local 553 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Local 553 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$253M 2.095497279273416% vs 2022
2024 filing year
$246M$248M$250M$252M$254M 202220232024 $248M $253M ▲ +2.1%
Year Plans Participants Total Assets
2022 1 355 $248M
2023 1 341 $252M
2024 1 324 $253M

Nearby Defined Benefit (Pension) Plans in New York

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

Local 553 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Local 553 Pension Fund, Total assets ($B): 0.253146102 · Participants: 324Local 553 Pension FundIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
Local 553 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Local 553 Pension Fund side-by-side with 3 peers →

Local 553 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is IBEW Local No. 117 Pension Fund in IL ($253M); by covered participants it is Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Vermont in VT (324 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($253M here).

Similar participant headcount

Nearest other-state filings by covered participants (324 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Local 553 Pension Fund assets move in 2024? ▼
Local 553 Pension Fund held essentially flat - up 0.4% during 2024, from $252M to $253M. Reported net income was $1M.
How have Board of Trustees of Local 553 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Local 553 Pension Fund's sponsor-wide assets grew 2.1%, from $248M to $253M.
Where does Local 553 Pension Fund rank by assets among Form 5500 filers? ▼
Local 553 Pension Fund ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Local 553 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is IBEW Local No. 117 Pension Fund in IL ($253M, 470 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local 553 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Vermont in VT (324 participants, $64M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 136637826.

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.