Profit Sharing · DOL Form 5500 · 2023
Board of Trustees Derrickmens Annuity Fund, Local 197 Profit Sharing Plan
Data updated 2026-08-11
- $42M
- Total assets
- 170
- Participants
- 84th
- Percentile by assets
- $245,978
- Avg per participant
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.
- 84th percentile by assets (of 127,072 plans)
- #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.
- $42M
- total plan assets (2023 EOY)
- 170
- covered participants
- 84th
- percentile by assets (of 127,072 plans)
- $245,978
- avg assets per participant
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.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Derrickmens Annuity Fund, Local 197 reports 170 participants - about 21% of that state average ($42M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $36M |
|---|---|
| Net Assets (End of Year) | $42M |
| Net Income | $6M |
| Employer EIN | 516112621 |
| Plan Effective Date | 1969-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees Derrickmens Annuity Fund, Local 197)
| 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
- Annuity Plan of the Electrical Industry $2.2B · 18,907
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.9B · 3,402
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.7B · 5,807
- The Research Foundation for Suny Retirement Plan $1.2B · 10,120
- Mason Tenders District Council Annuity Fund $913M · 11,237
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Derrickmens Annuity Fund, Local 197 by total assets, not by location.
- Ironworkers Local 808 Annuity Fund (TN) $42M · 637
- Beacon Oral Specialists 401(k) Plan (TX) $42M · 953
- Wayne Unc 401(a) Plan (NC) $42M · 1,379
- Pioneer Human Services 403(b) Plan (WA) $42M · 756
Frequently Asked Questions
How did Derrickmens Annuity Fund, Local 197 assets move in 2023? ▼
How have Board of Trustees Derrickmens Annuity Fund, Local 197 plan assets changed over time? ▼
Where does Derrickmens Annuity Fund, Local 197 rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Derrickmens Annuity Fund, Local 197? ▼
Next read for Derrickmens Annuity Fund, Local 197
Filing takeaways
Ways to act on Derrickmens Annuity Fund, Local 197's numbers.
- By total assets, Derrickmens Annuity Fund, Local 197 ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Board of Trustees Derrickmens Annuity Fund, Local 197's sponsor-wide assets have grown 24.3% since 2022 across 3 plan years on file. More Construction plans