Defined Benefit (Pension) · DOL Form 5500 · 2024
Banco Santander S.a. New York Branch Pension Plan
Data updated 2026-08-11
- $123M
- Total assets
- 282
- Participants
- 92nd
- Percentile by assets
- $437,145
- Avg per participant
Official DOL plan name: Banco Santander USA Offices Retirement Plan · Sponsored by Banco Santander S.a. New York Branch · New York · Finance & Insurance
$123M in assets, 282 participants
Banco Santander S.a. New York Branch's Banco Santander USA Offices Retirement Plan reported $123M in total assets and 282 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.
- 92nd percentile by assets (of 123,622 plans)
- #7,459 in Finance & Insurance (8,549 peers)
Coverage in New York
Banco Santander USA Offices Retirement Plan covers 282 participants in New York, about 35% of the average New York filer (state average ~798 per filing). Assets: $123M.
- $123M
- total plan assets (2024 EOY)
- 282
- covered participants
- 92nd
- percentile by assets (of 123,622 plans)
- $437,145
- avg assets per participant
The plan reported a net loss of $39M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Banco Santander USA Offices Retirement Plan reported net income fell from $8M in the plan year 2023 filing to -$39M in the plan year 2024 filing.
- Banco Santander USA Offices Retirement Plan end-of-year assets fell from $162M in the plan year 2023 filing to $123M in the plan year 2024 filing.
- Banco Santander USA Offices Retirement Plan reported participants fell from 297 in the plan year 2023 filing to 282 in the plan year 2024 filing.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Banco Santander USA Offices Retirement Plan reports 282 participants - about 35% of that state average ($123M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $162M |
|---|---|
| Net Assets (End of Year) | $123M |
| Net Income | -$39M |
| Employer EIN | 132617929 |
| Plan Effective Date | 1981-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Banco Santander S.a. New York Branch)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 314 | $154M |
| 2023 | 1 | 297 | $162M |
| 2024 | 1 | 282 | $123M |
Nearby Defined Benefit (Pension) Plans in New York
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Banco Santander USA Offices Retirement Plan 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Banco Santander USA Offices Retirement Plan by total assets, not by location.
- Plumbers Local No. 8 Pension Plan (MO) $123M · 710
- Cement Masons - Employers Pension Plan (OR) $123M · 445
- Midwest Pension Plan (IL) $123M · 1,725
- Owensboro Health Retirement Plan (KY) $123M · 1,045
Frequently Asked Questions
How did Banco Santander USA Offices Retirement Plan assets move in 2024? ▼
How have Banco Santander S.a. New York Branch plan assets changed over time? ▼
Where does Banco Santander USA Offices Retirement Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Banco Santander USA Offices Retirement Plan's numbers.
- By total assets, Banco Santander USA Offices Retirement Plan ranks in the top 10% 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
- Banco Santander S.a. New York Branch's sponsor-wide assets have declined 19.9% since 2022 across 3 plan years on file. More Finance & Insurance plans