Defined Benefit (Pension) · DOL Form 5500 · 2023

Bd of Tr Derrickmens Pension Fund, Local 197 Pension Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
132
Participants Small participant base
85th
Percentile by assets National rank
$362,608
Avg per participant High balance/head
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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.

  • #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.

#7,488
in Construction (9,030 peers)
+16.8%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Derrickmens Pension Fund, Local 197's outsized position 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 $2,050,000,000 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 Pension 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 Pension Fund, Local 197 sits mid-pack in the medium band (132 participants).

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 →

Plan-year Form 5500 strip

Filing strip 136121370 · Bd of Tr Derrickmens Pension Fund, Local 197 PY 2023 · Defined Benefit (Pension)

Derrickmens Pension Fund, Local 197 · $48M · 132 · 85th

  • BOY $48M
  • BOY 132
  • BOY 85th
  • BOY Defined Benefit (Pension)
  • BOY near United Food & Commercial Workers Union Local 880 Mercantile Employers Joint Pension Fund
  • BOY ind #7488

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 Pension Fund, Local 197 in the asset neighbourhood

Smart Financial Credit Union Employees Pension PlanSmart Financial Credit Union…$48MWest Fraser, Inc. Pension PlanWest Fraser, Inc. Pension Pl…$48MDerrickmens Pension Fund, Local 197Derrickmens Pension Fund, Lo…$48MUnited Food & Commercial Workers Union Local 880 Mercantile Employers Joint Pension FundUnited Food & Commercial Wor…$48MArizona Laborers & Teamsters Pension Trust FundArizona Laborers & Teamsters…$48M
End-of-year total assets ($M) among Derrickmens Pension Fund, Local 197 and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

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)

Sponsor-wide plan assets over time

All Bd of Tr Derrickmens Pension Fund, Local 197 plans reported in each filing year

Latest sponsor-wide plan assets
$54M 31.087778655207487% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $41M $53.7M ▲ +31.1%
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 ($B) Participants Derrickmens Pension Fund, Local 197, Total assets ($B): 0.047864243 · Participants: 132Derrickmens Pension Fund, Local 197IBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
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 →

Derrickmens Pension Fund, Local 197's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is United Food & Commercial Workers Union Local 880 Mercantile Employers Joint Pension Fund in OH ($48M); by covered participants it is K & F Industries Retirement Plan for Salaried Employees in OH (132 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (132 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Derrickmens Pension Fund, Local 197? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is K & F Industries Retirement Plan for Salaried Employees in OH (132 participants, N/A 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 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.