Other
2022 plan-year Other DOL Form 5500

Atlanta Ironworkers Local #387 Pension Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Board of Trustees Atlanta Ironworkers Local 387 Pension Pl · Tennessee · Finance & Insurance

What the 2023 filing shows

Atlanta Ironworkers Local #387 Pension Plan holds $124M for 658 participants — about $188,156 per participant, down 13.4% over the 2022 plan year.

$124M
total plan assets (2022 EOY)
658
covered participants
$188,156
avg assets per participant
-13.4%
assets change YoY

The plan reported a net loss of $20M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$124M
Participants
658
State
Industry
Finance & Insurance

What the Filing Says About Atlanta Ironworkers Local #387 Pension Plan

Atlanta Ironworkers Local #387 Pension Plan is a Other retirement plan sponsored by Board of Trustees Atlanta Ironworkers Local 387 Pension Pl, headquartered in Tennessee. As of the 2022 Form 5500 filing, the plan reports $124M in total end-of-year assets and covers 658 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 586051152, and the plan has been effective since 1966-03-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $143M at the beginning of 2022 to $124M at year-end — a decline of 13.4%. Net assets (after liabilities) closed the year at $122M, with reported net income of $-19,549,690 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$143M
Total Assets (End of Year)$124M
Net Assets (End of Year)$122M
Net Income$-19,549,690
Plan TypeOther
Employer EIN586051152
Plan Effective Date1966-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Atlanta Ironworkers Local 387 Pension Pl)

Year Plans Participants Total Assets
2022 1 658 $124M
2023 1 574 $129M
2024 1 723 $136M

Nearby Other Plans in Tennessee

Peer Other plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Atlanta Ironworkers Local #387 Pension Plan?
As of the 2022 Form 5500 filing, Atlanta Ironworkers Local #387 Pension Plan holds $124M in total assets with 658 participants. It is sponsored by Board of Trustees Atlanta Ironworkers Local 387 Pension Pl.
What type of plan is Atlanta Ironworkers Local #387 Pension Plan?
Atlanta Ironworkers Local #387 Pension Plan is a Other plan. It has been effective since 1966-03-01. The plan is filed with the U.S. Department of Labor under EIN 586051152.
Who sponsors the Atlanta Ironworkers Local #387 Pension Plan?
Atlanta Ironworkers Local #387 Pension Plan is sponsored by Board of Trustees Atlanta Ironworkers Local 387 Pension Pl, located in Tennessee. The sponsor's EIN is 586051152 and the plan operates in the Finance & Insurance industry.
How did Atlanta Ironworkers Local #387 Pension Plan perform in 2022?
Atlanta Ironworkers Local #387 Pension Plan declined by 13.4% during 2022, moving from $143M to $124M in total assets. Net income was $-19,549,690.
Where can I find official filings for Atlanta Ironworkers Local #387 Pension Plan?
Official Form 5500 filings for Atlanta Ironworkers Local #387 Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 586051152 or plan name at efast.dol.gov.
How does Atlanta Ironworkers Local #387 Pension Plan compare to other plans?
You can compare Atlanta Ironworkers Local #387 Pension Plan against other Other plans on the plan type page, or view plans in Tennessee on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 586051152.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.