Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Local 580 Pension Fund Pension Plan

Data updated 2026-08-06

$953M
Total assets: 1,516
Participants: 98th
Percentile by assets: $628,366
Avg per participant

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.

98th percentile by assets (of 116,472 plans)

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.

$953M
total plan assets (2024 EOY): 1,516
covered participants: 98th
percentile by assets (of 116,472 plans): $628,366
avg assets per participant

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 →

State

New York

Industry

Construction

Local 580 Pension Fund vs the 2024 asset distribution

By assets, Local 580 Pension Fund outranks 98% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 9.5x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$859M
Net Assets (End of Year)	$927M
Net Income	$92M
Employer EIN	136178514
Plan Effective Date	1954-01-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees Local 580 Pension Fund plans on file

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

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 580 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 580 Pension Fund by total assets, not by location.

Laborers District Council of W PA Pension Fund (PA) $948M · 6,882
Pitney Bowes Pension Plan (CT) $959M · 858
Mutual of Omaha Retirement Income Plan (NE) $960M · 415
Retirement Plan of Tennessee Farmers Mutual Insura (TN) $944M · 832

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 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 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).

Next read for Local 580 Pension Fund

Scale reading

Ways to act on Local 580 Pension Fund's numbers.

By total assets, Local 580 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 Local 580 Pension Fund's sponsor-wide assets have grown 24.4% since 2022 across 3 plan years on file. More Construction 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 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.