Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees of Local 553 Pension Fund Pension Plan

Data updated 2026-08-06

$253M
Total assets: 324
Participants: 95th
Percentile by assets: $781,315
Avg per participant

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.

95th percentile by assets (of 116,472 plans)

Coverage in New York

Local 553 Pension Fund covers 324 participants in New York, about 41% of the average New York filer (state average ~795 per filing). Assets: $253M.

$253M
total plan assets (2024 EOY): 324
covered participants: 95th
percentile by assets (of 116,472 plans): $781,315
avg assets per participant

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 →

State

New York

Industry

Retail Trade

Participants vs New York filers

In New York, the average filing covers about 795 participants across 8,491 plans. Local 553 Pension Fund reports 324 participants - about 41% of that state average ($253M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$252M
Net Assets (End of Year)	$253M
Net Income	$1M
Employer EIN	136637826
Plan Effective Date	1956-03-15
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees of Local 553 Pension Fund plans on file

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

IBM Personal Pension Plan $17.9B · 48,014
1199seiu Health Care Employees Pension Fund $16.9B · 111,833
Consolidated Edison Retirement Plan $15.6B · 10,608
Pfizer Consolidated Pension Plan $10.0B · 8,876
GE Energy Pension Plan $8.9B · 5,829

Compare Local 553 Pension Fund side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Local 553 Pension Fund by total assets, not by location.

IBEW Local No. 117 Pension Fund (IL) $253M · 470
Fbl Financial Group Retirement Plan (IA) $254M · 533
Henkel of America Retirement Plan (CT) $254M · 389
Retirement Income Plan (MA) $253M · 310

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 116,472 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).

Next read for Local 553 Pension Fund

Filing takeaways

Ways to act on Local 553 Pension Fund's numbers.

By total assets, Local 553 Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
Board of Trustees of Local 553 Pension Fund's sponsor-wide assets have grown 2.1% since 2022 across 3 plan years on file. More Retail Trade plans

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.