Defined Benefit (Pension) · DOL Form 5500 · 2023

Bd of Tr Derrickmens Pension Fund, Local 197 Pension Plan

Data updated 2026-08-11

$48M
Total assets
132
Participants
85th
Percentile by assets
$362,608
Avg per participant
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Official DOL plan name: Derrickmens Pension Fund, Local 197 · Sponsored by Bd of Tr Derrickmens Pension Fund, Local 197 · New York · Construction

$48M in assets, 132 participants

Bd of Tr Derrickmens Pension Fund, Local 197's Derrickmens Pension Fund, Local 197 reported $48M in total assets and 132 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • 85th percentile by assets (of 127,072 plans)
  • #7,488 in Construction (9,030 peers)

Coverage in New York

Derrickmens Pension Fund, Local 197 covers 132 participants in New York, about 17% of the average New York filer (state average ~798 per filing). Assets: $48M.

$48M
total plan assets (2023 EOY)
132
covered participants
85th
percentile by assets (of 127,072 plans)
$362,608
avg assets per participant

Where Derrickmens Pension Fund, Local 197 sits by total assets

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

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

$47,864,243 Top 15% higher than 85% of 127,068 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Derrickmens Pension Fund, Local 197 reported net income rose from -$8M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Derrickmens Pension Fund, Local 197 end-of-year assets rose from $41M in the plan year 2022 filing to $48M in the plan year 2023 filing.
  • Derrickmens Pension Fund, Local 197 reported participants fell from 140 in the plan year 2022 filing to 132 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
New York
Industry
Construction

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Derrickmens Pension Fund, Local 197 reports 132 participants - about 17% of that state average ($48M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$48M
Net Income$7M
Employer EIN136121370
Plan Effective Date1954-10-27
Filing StatusFILING RECEIVED

Sponsor Plan History (Bd of Tr Derrickmens Pension Fund, Local 197)

$35M$40M$45M$50M$55M 202220232024 $41M $53.7M ▲ +31.1%
Total plan assets by year, all Bd of Tr Derrickmens Pension Fund, Local 197 plans on file
Year Plans Participants Total Assets
2022 1 140 $41M
2023 1 132 $48M
2024 1 107 $54M

Nearby Defined Benefit (Pension) Plans in New York

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

Derrickmens Pension Fund, Local 197 vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Derrickmens Pension …, Total assets ($B): 0.047864243 · Participants: 132Derrickmens Pension …IBM Personal Pension…, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension…Consolidated Edison …, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison …1199seiu Health Care…, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care…Pfizer Consolidated …, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated …Pepsico Employees Re…, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Re…
Derrickmens Pension Fund, Local 197 vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Derrickmens Pension Fund, Local 197 side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Derrickmens Pension Fund, Local 197 by total assets, not by location.

Frequently Asked Questions

How did Derrickmens Pension Fund, Local 197 assets move in 2023? ▼
Derrickmens Pension Fund, Local 197 grew sharply - up 16.8% during 2023, from $41M to $48M. Reported net income was $7M.
How have Bd of Tr Derrickmens Pension Fund, Local 197 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bd of Tr Derrickmens Pension Fund, Local 197's sponsor-wide assets grew 31.1%, from $41M to $54M.
Where does Derrickmens Pension Fund, Local 197 rank by assets among Form 5500 filers? ▼
Derrickmens Pension Fund, Local 197 ranks in the 85th 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 Defined Benefit (Pension) plans are similar in size to Derrickmens Pension Fund, Local 197? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is United Food & Commercial Workers Union Local 880 Mercantile Employers Joint Pension Fund in OH ($48M, 817 participants).

Next read for Derrickmens Pension Fund, Local 197

Filing takeaways

Ways to act on Derrickmens Pension Fund, Local 197's numbers.

  • By total assets, Derrickmens Pension 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 Defined Benefit (Pension) plans in New York. Compare plans
  • Bd of Tr Derrickmens Pension Fund, Local 197's sponsor-wide assets have grown 31.1% since 2022 across 3 plan years on file. More Construction plans

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 136121370.

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.