Profit Sharing · DOL Form 5500 · 2024
Board of Trustees Local 580 Annuity Fund Profit Sharing Plan
Data updated 2026-08-25
- $663M
- Total assets Above avg plan size
- 3,126
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $211,997
- Avg per participant Above avg balance/head
Official DOL plan name: Local 580 Annuity Fund · Sponsored by Board of Trustees Local 580 Annuity Fund · New York · Construction
$663M in assets, 3,126 participants
Board of Trustees Local 580 Annuity Fund's Local 580 Annuity Fund reported $663M in total assets and 3,126 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.
- #8,830 in Construction (9,039 peers)
Coverage in New York
Local 580 Annuity Fund covers 3,126 participants in New York, 3.9x the typical New York plan (state average ~798 per filing). Assets: $663M.
- #8,830
- in Construction (9,039 peers)
- -5.8%
- assets change YoY
- 6.6×
- vs typical plan assets (national mean)
The plan reported a net loss of $23M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Local 580 Annuity Fund's outsized position by total assets
Local 580 Annuity Fund vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$662,703,614 Top 2% higher than 98% 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 580 Annuity 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 Annuity Fund lands in the large band (3,126 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Local 580 Annuity Fund reported net income fell from -$9M in the plan year 2023 filing to -$23M in the plan year 2024 filing.
- Local 580 Annuity Fund end-of-year assets fell from $703M in the plan year 2023 filing to $663M in the plan year 2024 filing.
- Local 580 Annuity Fund reported participants fell from 3,222 in the plan year 2023 filing to 3,126 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 136178512 · Board of Trustees Local 580 Annuity Fund PY 2024 · Profit Sharing
Local 580 Annuity Fund · $663M · 3,126 · 98th
- NET $663M
- BOOK 3,126
- VS-ST 98th
- BOY Profit Sharing
- SCH near Sheet Metal Workers Local 17 Annuity Income Fund
- EBSA ind #8830
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 Annuity Fund in the asset neighbourhood
New York filing particulars
| Total Assets (Beginning of Year) | $703M |
|---|---|
| Net Assets (End of Year) | $663M |
| Net Income | -$23M |
| Employer EIN | 136178512 |
| Plan Effective Date | 1964-01-24 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Local 580 Annuity Fund)
Sponsor-wide plan assets over time
All Board of Trustees Local 580 Annuity Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $663M 53.331747396028874% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 6,792 | $1.4B |
| 2023 | 2 | 6,444 | $1.4B |
| 2024 | 1 | 3,126 | $663M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Annuity Plan of the Electrical Industry $2.3B · 18,200
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $2.1B · 3,278
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.8B · 5,817
- The Research Foundation for the State University of New York Retirement Plan $1.3B · 9,758
- Rochester Regional Health 403(b) Defined Contribution Plan $987M · 15,432
Local 580 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount
Outside New York, the nearest Profit Sharing by assets is Sheet Metal Workers Local 17 Annuity Income Fund in MA ($656M); by covered participants it is Southern Ohio Medical Center Retirement Savings Program in OH (3,112 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($663M here).
- Sheet Metal Workers Local 17 Annuity Income Fund (MA) $656M · 3,065
- Itron, Inc. Incentive Savings Plan (WA) $651M · 2,593
- Bill & Melinda Gates Foundation Sharing Retirement Plan (WA) $680M · 1,926
- Fairview Health Services Pension Plan (MN) $644M · 4,702
Similar participant headcount
Nearest other-state filings by covered participants (3,126 participants); asset peers above are excluded.
- Southern Ohio Medical Center Retirement Savings Program (OH) 3,112 · 14 off
- United Association of Journeymen & Apprentice Annuity Trust Fund (FL) 3,109 · 17 off
- Chicago Painters and Decorators Retirement Savings (IL) 3,103 · 23 off
- Construction Industry Laborers Supplemental Medica and Retiree Targeted Fund (MO) 3,100 · 26 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.