Defined Benefit (Pension) · DOL Form 5500 · 2022

Iron Workers Local #397 Pension Fund Pension Plan

Data updated 2026-08-25

$83M
Total assets Below avg plan size
612
Participants Below avg headcount
92nd
Percentile by assets National rank
$135,138
Avg per participant Near avg balance/head
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Official DOL plan name: Iron Workers Local #397 Pension Fund · Sponsored by Iron Workers Local #397 Pension Fund · Tennessee · Finance & Insurance

$83M in assets, 612 participants

Iron Workers Local #397 Pension Fund's Iron Workers Local #397 Pension Fund reported $83M in total assets and 612 participants in its 2022 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.

  • #8,022 in Finance & Insurance (9,261 peers)

Where Iron Workers Local #397 Pension Fund sits by assets

Iron Workers Local #397 Pension Fund sits in the top 10% of all filed plans by assets, $83M for 612 participants (~$135,138/participant), down 15.5% in 2022.

#8,022
in Finance & Insurance (9,261 peers)
-15.5%
assets change YoY
0.8×
vs typical plan assets (national mean)

The plan reported a net loss of $15M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Iron Workers Local #397 Pension Fund's outsized position by total assets

Iron Workers Local #397 Pension Fund vs every filed plan by assets

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

$82,704,430 Top 8% higher than 92% 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

Iron Workers Local #397 Pension Fund 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. Iron Workers Local #397 Pension Fund sits mid-pack in the medium band (612 participants).

Published 5500 schedule card

Filing strip 596168650 · Iron Workers Local #397 Pension Fund PY 2022 · Defined Benefit (Pension)

Iron Workers Local #397 Pension Fund · $83M · 612 · 92nd

  • IND $83M
  • EOY 612
  • 5500 92nd
  • ASSETS Defined Benefit (Pension)
  • PCT near Independent Health Association Inc Defined Benefit Plan and Trust
  • EIN ind #8022

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 →

Iron Workers Local #397 Pension Fund in the asset neighbourhood

The Connecticut Water Company Employees' Retirement PlanThe Connecticut Water Compan…$83MMarble Industry Pension Trust FundMarble Industry Pension Trus…$83MIron Workers Local #397 Pension FundIron Workers Local #397 Pens…$83MIndependent Health Association Inc Defined Benefit Plan and TrustIndependent Health Associati…$83MAbbott Puerto Rico Retirement PlanAbbott Puerto Rico Retiremen…$83M
End-of-year total assets ($M) among Iron Workers Local #397 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$98M
Net Assets (End of Year)$83M
Net Income-$15M
Employer EIN596168650
Plan Effective Date1965-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Iron Workers Local #397 Pension Fund)

Sponsor-wide plan assets over time

All Iron Workers Local #397 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$97M 17.398896286450434% vs 2022
2024 filing year
$80M$85M$90M$95M$100M 202220232024 $82.7M $97.1M ▲ +17.4%
Year Plans Participants Total Assets
2022 1 612 $83M
2023 1 566 $90M
2024 1 653 $97M

Nearby Defined Benefit (Pension) Plans in Tennessee

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

Iron Workers Local #397 Pension Fund vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Iron Workers Local #397 Pension Fund, Total assets ($B): 0.08270443 · Participants: 612Iron Workers Local #397 Pension FundFedex 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
Iron Workers Local #397 Pension Fund vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare Iron Workers Local #397 Pension Fund side-by-side with 3 peers →

Iron Workers Local #397 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Tennessee, the nearest Defined Benefit (Pension) by assets is Independent Health Association Inc Defined Benefit Plan and Trust in NY ($83M); by covered participants it is Local 1102 Amalgamated Pension Fund in NY (613 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (612 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 Iron Workers Local #397 Pension Fund assets move in 2022? ▼
Iron Workers Local #397 Pension Fund declined sharply - down 15.5% during 2022, from $98M to $83M. Reported net income was -$15M.
How have Iron Workers Local #397 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Iron Workers Local #397 Pension Fund's sponsor-wide assets grew 17.4%, from $83M to $97M.
Where does Iron Workers Local #397 Pension Fund rank by assets among Form 5500 filers? ▼
Iron Workers Local #397 Pension Fund ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Iron Workers Local #397 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Independent Health Association Inc Defined Benefit Plan and Trust in NY ($83M, 416 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Workers Local #397 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Local 1102 Amalgamated Pension Fund in NY (613 participants, $39M 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 596168650.

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.