Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Local 580 Pension Fund Pension Plan

Data updated 2026-08-25

$953M
Total assets Above avg plan size
1,516
Participants Near avg headcount
98th
Percentile by assets National rank
$628,366
Avg per participant High balance/head
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Official DOL plan name: Local 580 Pension Fund · Sponsored by Board of Trustees Local 580 Pension Fund · New York · Construction

$953M in assets, 1,516 participants

Board of Trustees Local 580 Pension Fund's Local 580 Pension Fund reported $953M in total assets and 1,516 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

  • #8,894 in Construction (9,039 peers)

Where Local 580 Pension Fund sits by assets

Local 580 Pension Fund sits in the top 5% of all filed plans by assets, $953M for 1,516 participants (~$628,366/participant), up 10.8% in 2024.

#8,894
in Construction (9,039 peers)
+10.8%
assets growth YoY
9.6×
vs typical plan assets (national mean)

Local 580 Pension Fund's outsized position by total assets

Local 580 Pension Fund vs every filed plan by assets

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

$952,603,172 Top 2% higher than 98% 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 580 Pension Fund's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local 580 Pension Fund lands in the large band (1,516 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Local 580 Pension Fund end-of-year assets rose from $859M in the plan year 2023 filing to $953M in the plan year 2024 filing.
  • Local 580 Pension Fund reported participants fell from 1,665 in the plan year 2023 filing to 1,516 in the plan year 2024 filing.
  • Local 580 Pension Fund reported net income rose from $89M in the plan year 2023 filing to $92M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 136178514 · Board of Trustees Local 580 Pension Fund PY 2024 · Defined Benefit (Pension)

Local 580 Pension Fund · $953M · 1,516 · 98th

  • RANK $953M
  • PHOTO 1,516
  • IND 98th
  • EOY Defined Benefit (Pension)
  • 5500 near Laborers District Council of W PA Pension Fund
  • ASSETS ind #8894

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 Construction retirement plans → · Plans in New York →

Local 580 Pension Fund in the asset neighbourhood

Mutual of Omaha Retirement Income PlanMutual of Omaha Retirement I…$960MPitney Bowes Pension Plan$959MShands Healthcare Pension Plan IIShands Healthcare Pension Pl…$958MLocal 580 Pension Fund$953MLaborers District Council of W PA Pension FundLaborers District Council of…$948M
End-of-year total assets ($M) among Local 580 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$859M
Net Assets (End of Year)$927M
Net Income$92M
Employer EIN136178514
Plan Effective Date1954-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Local 580 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Local 580 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$953M 24.439616283530306% vs 2022
2024 filing year
$700M$800M$900M$1,000M 202220232024 $766M $953M ▲ +24.4%
Year Plans Participants Total Assets
2022 1 1,826 $766M
2023 1 1,665 $859M
2024 1 1,516 $953M

Nearby Defined Benefit (Pension) Plans in New York

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

Local 580 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 05101520 Total assets ($B) Participants Local 580 Pension Fund, Total assets ($B): 0.952603172 · Participants: 1516Local 580 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 580 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Local 580 Pension Fund side-by-side with 3 peers →

Local 580 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 Laborers District Council of W PA Pension Fund in PA ($948M); by covered participants it is Thermo Fisher Scientific Inc. Retirement Plan in PA (1,517 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($953M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,516 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 580 Pension Fund assets move in 2024? ▼
Local 580 Pension Fund grew at a solid clip - up 10.8% during 2024, from $859M to $953M. Reported net income was $92M.
How have Board of Trustees Local 580 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Local 580 Pension Fund's sponsor-wide assets grew 24.4%, from $766M to $953M.
Where does Local 580 Pension Fund rank by assets among Form 5500 filers? ▼
Local 580 Pension Fund ranks in the 98th 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 580 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Laborers District Council of W PA Pension Fund in PA ($948M, 6,882 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Local 580 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Thermo Fisher Scientific Inc. Retirement Plan in PA (1,517 participants, $894M 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 136178514.

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.