Money Purchase · DOL Form 5500 · 2022
Trustees of Iron Workers Local #397 Annuity Fund Money Purchase Plan
Data updated 2026-08-11
- $28M
- Total assets
- 1,558
- Participants
- 82nd
- Percentile by assets
- $18,176
- Avg per participant
Official DOL plan name: Iron Workers Local #397 Annuity Fund · Sponsored by Trustees of Iron Workers Local #397 Annuity Fund · Tennessee · Finance & Insurance
$28M in assets, 1,558 participants
Trustees of Iron Workers Local #397 Annuity Fund's Iron Workers Local #397 Annuity Fund reported $28M in total assets and 1,558 participants in its 2022 DOL Form 5500 filing, ranking in the 82nd 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.
- 82nd percentile by assets (of 139,126 plans)
- #6,588 in Finance & Insurance (9,261 peers)
Where Iron Workers Local #397 Annuity Fund sits by assets
Iron Workers Local #397 Annuity Fund sits in the top quartile of all filed plans by assets, $28M for 1,558 participants (~$18,176/participant), down 15.6% in 2022.
- $28M
- total plan assets (2022 EOY)
- 1,558
- covered participants
- 82nd
- percentile by assets (of 139,126 plans)
- $18,176
- avg assets per participant
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Iron Workers Local #397 Annuity Fund vs the 2022 asset distribution
By assets, Iron Workers Local #397 Annuity Fund outranks 82% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $34M |
|---|---|
| Net Assets (End of Year) | $28M |
| Net Income | -$5M |
| Employer EIN | 597139874 |
| Plan Effective Date | 1998-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Iron Workers Local #397 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,558 | $28M |
| 2023 | 1 | 1,596 | $31M |
| 2024 | 1 | 1,627 | $34M |
Nearby Money Purchase Plans in Tennessee
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Iron Workers Local #397 Annuity Fund vs. nearby Money Purchase plans in Tennessee, assets vs. participants
- Southern Electrical Retirement Fund $1.7B · 10,582
- IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan $331M · 1,999
- U.a. Local Union No. 614 Pension Plan $166M · 1,308
- Midwest Pipe Trades Retirement Plan $159M · 1,481
- Millwright & Machinery Erectors Local 1192 Defined Contribution Pension Plan $98M · 853
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Iron Workers Local #397 Annuity Fund by total assets, not by location.
Frequently Asked Questions
How did Iron Workers Local #397 Annuity Fund assets move in 2022? ▼
How have Trustees of Iron Workers Local #397 Annuity Fund plan assets changed over time? ▼
Where does Iron Workers Local #397 Annuity Fund rank by assets among Form 5500 filers? ▼
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Next read for Iron Workers Local #397 Annuity Fund
Scale reading
Ways to act on Iron Workers Local #397 Annuity Fund's numbers.
- By total assets, Iron Workers Local #397 Annuity Fund ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Tennessee. Compare plans
- Trustees of Iron Workers Local #397 Annuity Fund's sponsor-wide assets have grown 18.4% since 2022 across 3 plan years on file. More Finance & Insurance plans