Defined Benefit (Pension) · DOL Form 5500 · 2024

Banco Santander S.a. New York Branch Pension Plan

Data updated 2026-08-25

$123M
Total assets Near avg plan size
282
Participants Below avg headcount
92nd
Percentile by assets National rank
$437,145
Avg per participant High balance/head
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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.

  • #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.

#7,459
in Finance & Insurance (8,549 peers)
-24.0%
assets change YoY
1.2×
vs typical plan assets (national mean)

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.

Banco Santander USA Offices Retirement Plan's outsized position by total assets

Banco Santander USA Offices Retirement Plan vs every filed plan by assets

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

$123,275,013 Top 8% higher than 92% 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

Banco Santander USA Offices Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banco Santander USA Offices Retirement Plan sits mid-pack in the medium band (282 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 132617929 · Banco Santander S.a. New York Branch PY 2024 · Defined Benefit (Pension)

Banco Santander USA Offices Retirement Plan · $123M · 282 · 92nd

  • BOY $123M
  • BOY 282
  • BOY 92nd
  • BOY Defined Benefit (Pension)
  • BOY near Plumbers Local No. 8 Pension Plan
  • BOY ind #7459

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 Finance & Insurance retirement plans → · Plans in New York →

Banco Santander USA Offices Retirement Plan in the asset neighbourhood

Banco Santander USA Offices Retirement PlanBanco Santander USA Offices …$123MPlumbers Local No. 8 Pension PlanPlumbers Local No. 8 Pension…$123MCement Masons - Employers Pension PlanCement Masons - Employers Pe…$123MMidwest Pension Plan$123MOwensboro Health Retirement PlanOwensboro Health Retirement …$123M
End-of-year total assets ($M) among Banco Santander USA Offices Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$162M
Net Assets (End of Year)$123M
Net Income-$39M
Employer EIN132617929
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Banco Santander S.a. New York Branch)

Sponsor-wide plan assets over time

All Banco Santander S.a. New York Branch plans reported in each filing year

Latest sponsor-wide plan assets
$123M 19.885527722925392% vs 2022
2024 filing year
$100M$120M$140M$160M$180M 202220232024 $154M $123M ▼ -19.9%
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 Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Banco Santander USA Offices Retirement Plan, Total assets ($B): 0.123275013 · Participants: 282Banco Santander USA Offices Retirement PlanIBM 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
Banco Santander USA Offices Retirement Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Banco Santander USA Offices Retirement Plan side-by-side with 3 peers →

Banco Santander USA Offices Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Plumbers Local No. 8 Pension Plan in MO ($123M); by covered participants it is Teamster Affiliates Pension Plan in DC (282 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($123M here).

Similar participant headcount

Nearest other-state filings by covered participants (282 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 Banco Santander USA Offices Retirement Plan assets move in 2024? ▼
Banco Santander USA Offices Retirement Plan declined sharply - down 24.0% during 2024, from $162M to $123M. Reported net income was -$39M.
How have Banco Santander S.a. New York Branch plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Banco Santander S.a. New York Branch's sponsor-wide assets declined 19.9%, from $154M to $123M.
Where does Banco Santander USA Offices Retirement Plan rank by assets among Form 5500 filers? ▼
Banco Santander USA Offices Retirement Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Banco Santander USA Offices Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Plumbers Local No. 8 Pension Plan in MO ($123M, 710 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Banco Santander USA Offices Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Teamster Affiliates Pension Plan in DC (282 participants, $267M 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 132617929.

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.