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Local 553 Pension Fund Salary

Local 553 Pension Fund Salary

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As of August 2026, the average annual salary for employees at Local 553 Pension Fund in the United States is $115,522. This translates to an approximate hourly wage of $56. Salaries at Local 553 Pension Fund typically range from $101,578 to $130,731 annually, reflecting the diverse roles and experience levels within the company.
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Is Local 553 Pension Fund’s Pay Competitive? Salary Benchmarking Analysis

How does Local 553 Pension Fund's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
814 Welfare Pension & Annuity Funds $123,390
+6.8%
Adjusted for higher cost-of-living indices in 814 Welfare Pension & Annuity Funds's primary metro hubs.
Construction Workers Pension Trust Fund $109,077
-5.6%
Construction Workers Pension Trust Fund may offer non-monetary perks in lieu of competitive base salaries.
Great American Pension Services Inc $103,845
-10.1%
Great American Pension Services Inc focuses strategically on recruiting and training entry-level apprentices.
Retirement Service Group LLC $90,829
-21.4%
Retirement Service Group LLC likely leverages performance bonuses over the high base salary shown here.
Insurance Industry $123,858
+7.2%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Local 553 Pension Fund's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Local 553 Pension Fund. Click a company name to learn more.

Employee Reviews: Working at Local 553 Pension Fund

Considering a career at Local 553 Pension Fund? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
I’m glad to be part of this team. I’ve enjoyed my time here and look forward to growing with the company. Performance reviews are constructive, and there’s a clear path for advancement. The insurance products are well-regarded in the market, adding pride to the work we do.
Commented in March 17, 2025
34
0
The team is motivated, and leadership is visionary. This insurance company provides a structured work environment with clear processes, which can be helpful for those who prefer routine. I’ve had a rewarding experience here thanks to the collaborative team and forward-thinking leadership.
Commented in January 01, 2025
16
2
The company has a great reputation in the insurance market, and working here has been fulfilling. The company operates with efficiency and maintains a professional environment. Training resources are abundant, helping employees stay updated in the insurance field. Benefits are competitive, including health coverage and retirement plans. Processes are efficient, and the company maintains a professi...
Commented in October 17, 2024
12
2
The company offers strong benefits, including mental health resources. The leadership team is transparent about company goals, which helps employees align their efforts. The company also invests in technology, making workflows efficient. The benefits are standard for the industry, and the office environment is comfortable. I’ve grown professionally since joining and would recommend it to anyone se...
Commented in June 21, 2024
22
2
Flexible scheduling is a plus, and the benefits are comprehensive. Colleagues are competent, though interactions are mostly work-related. Decent workplace with standard insurance industry perks. Colleagues are collaborative and helpful.
Commented in March 20, 2024
20
0

Local 553 Pension Fund Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
265 W 14th St New York City New York NY 10011
Revenue
$10 Million - $50 Million
Phone Number
+1 2126275553
Social Media
About Local 553 Pension Fund
Local 553 Pension Fund is a company that operates in the Financial Services industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in New York City, New York.

What Benefits Does Local 553 Pension Fund Offer Beyond Salary?

A competitive compensation package is more than just a salary. Local 553 Pension Fund offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Local 553 Pension Fund.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Local 553 Pension Fund, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Local 553 Pension Fund salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Local 553 Pension Fund

1. What is the typical salary range (low to high) for most roles at Local 553 Pension Fund?

The typical annual salary range for most roles at Local 553 Pension Fund is approximately from $101,578 to $130,731. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Local 553 Pension Fund pay compared to 814 Welfare Pension & Annuity Funds?

The average annual salary at Local 553 Pension Fund is $115,522, or an hourly wage of $56, in comparison to 814 Welfare Pension & Annuity Funds which pays $123,390 per year or $59 per hour.

3. How does experience level affect salary at Local 553 Pension Fund?

Experience level is a significant factor in determining salary at Local 553 Pension Fund, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Local 553 Pension Fund in New York is fair given the local cost of living?

To determine if a salary offer from Local 553 Pension Fund in New York is fair, first compare the gross salary to our data for similar roles at Local 553 Pension Fund and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for New York" to understand its purchasing power.

5. Are the salaries listed for Local 553 Pension Fund on Salary.com pre-tax or after-tax?

All salary figures displayed for Local 553 Pension Fund, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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