Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees Ironworkers Local #597 Pension Plan Pension Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
284
Participants Below avg headcount
81st
Percentile by assets National rank
$89,994
Avg per participant Below avg balance/head
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Official DOL plan name: Ironworkers Local #597 Pension Plan · Sponsored by Board of Trustees Ironworkers Local #597 Pension Plan · Tennessee · Finance & Insurance

$26M in assets, 284 participants

Board of Trustees Ironworkers Local #597 Pension Plan's Ironworkers Local #597 Pension Plan reported $26M in total assets and 284 participants in its 2022 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,394 in Finance & Insurance (9,261 peers)

Coverage in Tennessee

Ironworkers Local #597 Pension Plan covers 284 participants in Tennessee, about 25% of the average Tennessee filer (state average ~1,126 per filing). Assets: $26M.

#6,394
in Finance & Insurance (9,261 peers)
-16.2%
assets change YoY
0.3×
vs typical plan assets (national mean)

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.

Ironworkers Local #597 Pension Plan's outsized position by total assets

Ironworkers Local #597 Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$25,558,243 Top 19% higher than 81% of 139,123 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 2022

Ironworkers Local #597 Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ironworkers Local #597 Pension Plan sits mid-pack in the medium band (284 participants).

Published 5500 schedule card

Filing strip 596195918 · Board of Trustees Ironworkers Local #597 Pension Plan PY 2022 · Defined Benefit (Pension)

Ironworkers Local #597 Pension Plan · $26M · 284 · 81st

  • EIN $26M
  • RANK 284
  • PHOTO 81st
  • IND Defined Benefit (Pension)
  • EOY near Encyclopaedia Britannica Pension Plan
  • 5500 ind #6394

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 Tennessee →

Ironworkers Local #597 Pension Plan in the asset neighbourhood

Encyclopaedia Britannica Pension PlanEncyclopaedia Britannica Pen…$26MFoss Maritime Company Pension PlanFoss Maritime Company Pensio…$26MEastern Financial Florida Credit Union Retirement PlanEastern Financial Florida Cr…$26MIronworkers Local #597 Pension PlanIronworkers Local #597 Pensi…$26MRobertson-Ceco Corporation Master Pension PlanRobertson-Ceco Corporation M…$26M
End-of-year total assets ($M) among Ironworkers Local #597 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Tennessee filing particulars

Total Assets (Beginning of Year)$31M
Net Assets (End of Year)$26M
Net Income-$5M
Employer EIN596195918
Plan Effective Date1967-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Ironworkers Local #597 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees Ironworkers Local #597 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$30M 17.59669864630366% vs 2022
2024 filing year
$24M$26M$28M$30M$32M 202220232024 $25.6M $30.1M ▲ +17.6%
Year Plans Participants Total Assets
2022 1 284 $26M
2023 1 247 $28M
2024 1 224 $30M

Nearby Defined Benefit (Pension) Plans in Tennessee

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Ironworkers Local #597 Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Ironworkers Local #597 Pension Plan, Total assets ($B): 0.025558243 · Participants: 284Ironworkers Local #597 Pension PlanFedex Corporation Employees' Pension Plan, Total assets ($B): 25.607567505 · Participants: 119742Fedex Corporation Employees' Pension PlanRetirement Plan of International Paper Company, Total assets ($B): 8.844607131 · Participants: 20914Retirement Plan of International Paper CompanyPension Plan for Employees at Ornl, Total assets ($B): 2.326549411 · Participants: 5460Pension Plan for Employees at OrnlRetirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee, Total assets ($B): 2.039541449 · Participants: 2920Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, TennesseeNissan Employee Retirement Plan, Total assets ($B): 1.533696203 · Participants: 4575Nissan Employee Retirement Plan
Ironworkers Local #597 Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare Ironworkers Local #597 Pension Plan side-by-side with 3 peers →

Ironworkers Local #597 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Tennessee, the nearest Defined Benefit (Pension) by assets is Encyclopaedia Britannica Pension Plan in IL ($26M); by covered participants it is Covia Holdings Corporation Pension Plan in OH (284 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (284 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Ironworkers Local #597 Pension Plan assets move in 2022? ▼
Ironworkers Local #597 Pension Plan declined sharply - down 16.2% during 2022, from $31M to $26M. Reported net income was -$5M.
How have Board of Trustees Ironworkers Local #597 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Ironworkers Local #597 Pension Plan's sponsor-wide assets grew 17.6%, from $26M to $30M.
Where does Ironworkers Local #597 Pension Plan rank by assets among Form 5500 filers? ▼
Ironworkers Local #597 Pension Plan ranks in the 81st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Ironworkers Local #597 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Encyclopaedia Britannica Pension Plan in IL ($26M, 47 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Ironworkers Local #597 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Covia Holdings Corporation Pension Plan in OH (284 participants, $57M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 596195918.

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.