Money Purchase · DOL Form 5500 · 2024

Jt. Bd. of Trustees of the Unite Here! Local 54 Money Purchase Plan

Data updated 2026-08-11

$41M
Total assets: 6,047
Participants: 82nd
Percentile by assets: $6,774
Avg per participant

Official DOL plan name: Unite Here! Local 54 Severance Fund · Sponsored by Jt. Bd. of Trustees of the Unite Here! Local 54 · New Jersey · Food Services & Accommodation

$41M in assets, 6,047 participants

Jt. Bd. of Trustees of the Unite Here! Local 54's Unite Here! Local 54 Severance Fund reported $41M in total assets and 6,047 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

82nd percentile by assets (of 123,622 plans)
#3,494 in Food Services & Accommodation (3,672 peers)

Coverage in New Jersey

Unite Here! Local 54 Severance Fund covers 6,047 participants in New Jersey, 7.2x the typical New Jersey plan (state average ~844 per filing). Assets: $41M.

$41M
total plan assets (2024 EOY): 6,047
covered participants: 82nd
percentile by assets (of 123,622 plans): $6,774
avg assets per participant

The plan reported a net loss of $201K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Unite Here! Local 54 Severance Fund reported net income fell from $289K in the plan year 2023 filing to -$201K in the plan year 2024 filing.
Unite Here! Local 54 Severance Fund reported participants rose from 5,731 in the plan year 2023 filing to 6,047 in the plan year 2024 filing.
Unite Here! Local 54 Severance Fund end-of-year assets fell from $41M in the plan year 2023 filing to $41M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New Jersey

Industry

Food Services & Accommodation

Participants vs New Jersey filers

In New Jersey, the average filing covers about 844 participants across 4,145 plans. Unite Here! Local 54 Severance Fund reports 6,047 participants - 7.2x that state average ($41M EOY assets).

New Jersey filing particulars

Total Assets (Beginning of Year)	$41M
Net Assets (End of Year)	$41M
Net Income	-$201K
Employer EIN	222431399
Plan Effective Date	1978-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Jt. Bd. of Trustees of the Unite Here! Local 54)

Total plan assets by year, all Jt. Bd. of Trustees of the Unite Here! Local 54 plans on file

Year	Plans	Participants	Total Assets
2022	1	7,408	$41M
2023	1	5,731	$41M
2024	1	6,047	$41M

Nearby Money Purchase Plans in New Jersey

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Unite Here! Local 54 Severance Fund vs. nearby Money Purchase plans in New Jersey, assets vs. participants

Princeton University Retirement Plan $2.4B · 8,833
Local 68 Engineers Union Annuity Plan $971M · 5,385
Nysa-Ila Money Purchase Pension Fund and Plan $936M · 4,689
Educational Testing Service 401(a) Retirement Plan $593M · 3,097
Ironworkers Local 11 Annuity Fund $395M · 1,148

Compare Unite Here! Local 54 Severance Fund side-by-side with 3 peers →

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Unite Here! Local 54 Severance Fund by total assets, not by location.

IBEW Local 1245 Money Purchase Pension Plan (CA) $41M · 53
Studio Mechanics Local 476 Annuity Plan (IL) $41M · 1,330
Money Accumulation Pension Plan for Employees of Circles of Care, Inc. (FL) $41M · 352
Mfow Money Purchase Pension Plan (CA) $42M · 324

Frequently Asked Questions

How did Unite Here! Local 54 Severance Fund assets move in 2024? ▼

Unite Here! Local 54 Severance Fund held essentially flat - down 0.5% during 2024, from $41M to $41M. Reported net income was -$201K.

How have Jt. Bd. of Trustees of the Unite Here! Local 54 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Jt. Bd. of Trustees of the Unite Here! Local 54's sponsor-wide assets grew 0.1%, from $41M to $41M.

Where does Unite Here! Local 54 Severance Fund rank by assets among Form 5500 filers? ▼

Unite Here! Local 54 Severance Fund ranks in the 82nd percentile by end-of-year assets among 123,622 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 Unite Here! Local 54 Severance Fund? ▼

Among Money Purchase plans in other states, the closest by assets is IBEW Local 1245 Money Purchase Pension Plan in CA ($41M, 53 participants).

Next read for Unite Here! Local 54 Severance Fund

Filing takeaways

Ways to act on Unite Here! Local 54 Severance Fund's numbers.

By total assets, Unite Here! Local 54 Severance 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 Jersey. Compare plans
Jt. Bd. of Trustees of the Unite Here! Local 54's sponsor-wide assets have grown 0.1% since 2022 across 3 plan years on file. More Food Services & Accommodation 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 222431399.