Money Purchase · DOL Form 5500 · 2024
Board of Trustees of Local 553 Deferred Compensation Fund Money Purchase Plan
Data updated 2026-08-25
- $46M
- Total assets Below avg plan size
- 337
- Participants Below avg headcount
- 83rd
- Percentile by assets National rank
- $135,411
- Avg per participant Near avg balance/head
Official DOL plan name: Local 553 Deferred Compensation Fund · Sponsored by Board of Trustees of Local 553 Deferred Compensation Fund · New York · Retail Trade
$46M in assets, 337 participants
Board of Trustees of Local 553 Deferred Compensation Fund's Local 553 Deferred Compensation Fund reported $46M in total assets and 337 participants in its 2024 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.
- #7,278 in Retail Trade (8,048 peers)
Coverage in New York
Local 553 Deferred Compensation Fund covers 337 participants in New York, about 42% of the average New York filer (state average ~798 per filing). Assets: $46M.
- #7,278
- in Retail Trade (8,048 peers)
- -0.4%
- assets change YoY
- 0.5×
- vs typical plan assets (national mean)
The plan reported a net loss of $191K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Local 553 Deferred Compensation Fund's outsized position by total assets
Local 553 Deferred Compensation Fund vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$45,633,619 Top 17% higher than 83% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Local 553 Deferred Compensation 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 Deferred Compensation Fund sits mid-pack in the medium band (337 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Local 553 Deferred Compensation Fund reported net income fell from -$161K in the plan year 2023 filing to -$191K in the plan year 2024 filing.
- Local 553 Deferred Compensation Fund reported participants fell from 361 in the plan year 2023 filing to 337 in the plan year 2024 filing.
- Local 553 Deferred Compensation Fund end-of-year assets fell from $46M in the plan year 2023 filing to $46M in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 132977211 · Board of Trustees of Local 553 Deferred Compensation Fund PY 2024 · Money Purchase
Local 553 Deferred Compensation Fund · $46M · 337 · 83rd
- BOOK $46M
- VS-ST 337
- BOY 83rd
- SCH Money Purchase
- EBSA near Boston Plasterers & Cement Masons Local 534 Deferred Income Plan
- PART ind #7278
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 Deferred Compensation Fund in the asset neighbourhood
New York filing particulars
| Total Assets (Beginning of Year) | $46M |
|---|---|
| Net Assets (End of Year) | $45M |
| Net Income | -$191K |
| Employer EIN | 132977211 |
| Plan Effective Date | 1978-12-16 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Local 553 Deferred Compensation Fund)
Sponsor-wide plan assets over time
All Board of Trustees of Local 553 Deferred Compensation Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $46M 0.7195402367369442% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 376 | $46M |
| 2023 | 1 | 361 | $46M |
| 2024 | 1 | 337 | $46M |
Nearby Money Purchase Plans in New York
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
- Tiaa Retirement Plan $5.9B · 11,906
- Young Men's Christian Association Retirement Fund Retirement Plan $3.9B · 47,199
- McKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan $2.2B · 15,274
- Brookhaven Science Associates, LLC Retirement Plan $1.5B · 2,624
- Iron Workers Locals 40, 361 & 417 Annuity Fund $1.2B · 2,357
Local 553 Deferred Compensation Fund's out-of-state Money Purchase peers by assets and headcount
Outside New York, the nearest Money Purchase by assets is Boston Plasterers & Cement Masons Local 534 Deferred Income Plan in MA ($46M); by covered participants it is Plumbers & Steamfitters Local 577 Annuity Plan in KY (338 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($46M here).
Similar participant headcount
Nearest other-state filings by covered participants (337 participants); asset peers above are excluded.
- Plumbers & Steamfitters Local 577 Annuity Plan (KY) 338 · 1 off
- Community Memorial Hospital Association Money Purchase Plan (MN) 334 · 3 off
- Money Purchase Retirement Plan of U.a. Local 716 (CT) 340 · 3 off
- Casey Family Programs 401(a) Employer Funded Long Term Savings Plan and Trust (WA) 333 · 4 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.