Profit Sharing · DOL Form 5500 · 2023

Board of Trustees Derrickmens Annuity Fund, Local 197 Profit Sharing Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
170
Participants Small participant base
84th
Percentile by assets National rank
$245,978
Avg per participant Above avg balance/head
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Official DOL plan name: Derrickmens Annuity Fund, Local 197 · Sponsored by Board of Trustees Derrickmens Annuity Fund, Local 197 · New York · Construction

$42M in assets, 170 participants

Board of Trustees Derrickmens Annuity Fund, Local 197's Derrickmens Annuity Fund, Local 197 reported $42M in total assets and 170 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #7,366 in Construction (9,030 peers)

Coverage in New York

Derrickmens Annuity Fund, Local 197 covers 170 participants in New York, about 21% of the average New York filer (state average ~798 per filing). Assets: $42M.

#7,366
in Construction (9,030 peers)
+17.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Derrickmens Annuity Fund, Local 197's outsized position by total assets

Derrickmens Annuity Fund, Local 197 vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$41,816,219 Top 16% higher than 84% of 127,068 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 2023

Derrickmens Annuity Fund, Local 197 among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Derrickmens Annuity Fund, Local 197 sits mid-pack in the medium band (170 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Derrickmens Annuity Fund, Local 197 reported net income rose from -$7M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Derrickmens Annuity Fund, Local 197 reported participants fell from 229 in the plan year 2022 filing to 170 in the plan year 2023 filing.
  • Derrickmens Annuity Fund, Local 197 end-of-year assets rose from $36M in the plan year 2022 filing to $42M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 516112621 · Board of Trustees Derrickmens Annuity Fund, Local 197 PY 2023 · Profit Sharing

Derrickmens Annuity Fund, Local 197 · $42M · 170 · 84th

  • IND $42M
  • EOY 170
  • 5500 84th
  • ASSETS Profit Sharing
  • PCT near Ironworkers Local 808 Annuity Fund
  • EIN ind #7366

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 Construction retirement plans → · Plans in New York →

Derrickmens Annuity Fund, Local 197 in the asset neighbourhood

Wayne Unc 401(a) Plan$42MPioneer Human Services 403(b) PlanPioneer Human Services 403(b…$42MDerrickmens Annuity Fund, Local 197Derrickmens Annuity Fund, Lo…$42MIronworkers Local 808 Annuity FundIronworkers Local 808 Annuit…$42MBeacon Oral Specialists 401(k) PlanBeacon Oral Specialists 401(…$42M
End-of-year total assets ($M) among Derrickmens Annuity Fund, Local 197 and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$42M
Net Income$6M
Employer EIN516112621
Plan Effective Date1969-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Derrickmens Annuity Fund, Local 197)

Sponsor-wide plan assets over time

All Board of Trustees Derrickmens Annuity Fund, Local 197 plans reported in each filing year

Latest sponsor-wide plan assets
$44M 24.324062808652595% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $35.7M $44.4M ▲ +24.3%
Year Plans Participants Total Assets
2022 1 229 $36M
2023 1 170 $42M
2024 1 184 $44M

Nearby Profit Sharing Plans in New York

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Derrickmens Annuity Fund, Local 197 vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.522.5 Total assets ($B) Participants Derrickmens Annuity Fund, Local 197, Total assets ($B): 0.041816219 · Participants: 170Derrickmens Annuity Fund, Local 197Annuity Plan of the Electrical Industry, Total assets ($B): 2.210433172 · Participants: 18907Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 1.870067356 · Participants: 3402Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.660408686 · Participants: 5807Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for Suny Retirement Plan, Total assets ($B): 1.177491602 · Participants: 10120The Research Foundation for Suny Retirement PlanMason Tenders District Council Annuity Fund, Total assets ($B): 0.912972009 · Participants: 11237Mason Tenders District Council Annuity Fund
Derrickmens Annuity Fund, Local 197 vs. nearby Profit Sharing plans in New York, assets vs. participants
Compare Derrickmens Annuity Fund, Local 197 side-by-side with 3 peers →

Derrickmens Annuity Fund, Local 197's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is Ironworkers Local 808 Annuity Fund in TN ($42M); by covered participants it is The 401(a) Profit-Sharing Plan of Health Care for the Homeless in MD (170 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($42M here).

Similar participant headcount

Nearest other-state filings by covered participants (170 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Derrickmens Annuity Fund, Local 197 assets move in 2023? ▼
Derrickmens Annuity Fund, Local 197 grew sharply - up 17.1% during 2023, from $36M to $42M. Reported net income was $6M.
How have Board of Trustees Derrickmens Annuity Fund, Local 197 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Derrickmens Annuity Fund, Local 197's sponsor-wide assets grew 24.3%, from $36M to $44M.
Where does Derrickmens Annuity Fund, Local 197 rank by assets among Form 5500 filers? ▼
Derrickmens Annuity Fund, Local 197 ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to Derrickmens Annuity Fund, Local 197? ▼
Among Profit Sharing plans in other states, the closest by assets is Ironworkers Local 808 Annuity Fund in TN ($42M, 637 participants).
Which Profit Sharing plans cover a similar participant headcount to Derrickmens Annuity Fund, Local 197? ▼
Among Profit Sharing plans in other states, the closest by covered participants is The 401(a) Profit-Sharing Plan of Health Care for the Homeless in MD (170 participants, $5M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 516112621.

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.