Money Purchase · DOL Form 5500 · 2024

Board of Trustees of Local 553 Deferred Compensation Fund Money Purchase Plan

Data updated 2026-08-06

$46M
Total assets: 337
Participants: 83rd
Percentile by assets: $135,411
Avg per participant

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.

83rd percentile by assets (of 116,472 plans)
#6,885 in Retail Trade (7,620 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 ~795 per filing). Assets: $46M.

$46M
total plan assets (2024 EOY): 337
covered participants: 83rd
percentile by assets (of 116,472 plans): $135,411
avg assets per participant

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 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.

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 Deferred Compensation Fund reports 337 participants - about 42% of that state average ($46M EOY assets).

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)

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

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.

Local 553 Deferred Compensation Fund vs. nearby Money Purchase plans in New York, assets vs. participants

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

Compare Local 553 Deferred Compensation Fund side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Local 553 Deferred Compensation Fund by total assets, not by location.

Boston Plasterers & Cement Masons Local 534 Deferred Income Plan (MA) $46M · 271
Norton Sound Health Corporation Money Purchase Pension Plan & Trust (AK) $45M · 550
Gtcr Retirement Plan (IL) $45M · 60
Delta Dental of Missouri Money Purchase Pension Plan (MO) $46M · 250

Frequently Asked Questions

How did Local 553 Deferred Compensation Fund assets move in 2024? ▼

Local 553 Deferred Compensation Fund held essentially flat - down 0.4% during 2024, from $46M to $46M. Reported net income was -$191K.

How have Board of Trustees of Local 553 Deferred Compensation Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Local 553 Deferred Compensation Fund's sponsor-wide assets declined 0.7%, from $46M to $46M.

Where does Local 553 Deferred Compensation Fund rank by assets among Form 5500 filers? ▼

Local 553 Deferred Compensation Fund ranks in the 83rd percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which Money Purchase plans are similar in size to Local 553 Deferred Compensation Fund? ▼

Among Money Purchase plans in other states, the closest by assets is Boston Plasterers & Cement Masons Local 534 Deferred Income Plan in MA ($46M, 271 participants).

Next read for Local 553 Deferred Compensation Fund

Filing takeaways

Ways to act on Local 553 Deferred Compensation Fund's numbers.

By total assets, Local 553 Deferred Compensation Fund ranks in the top quartile 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 of Local 553 Deferred Compensation Fund's sponsor-wide assets have declined 0.7% 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 132977211.