Defined Benefit (Pension) · DOL Form 5500 · 2023

Iron Workers Local #397 Pension Fund Pension Plan

Data updated 2026-08-25

$90M
Total assets Below avg plan size
566
Participants Below avg headcount
91st
Percentile by assets National rank
$159,105
Avg per participant Above 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

$90M in assets, 566 participants

Iron Workers Local #397 Pension Fund's Iron Workers Local #397 Pension Fund reported $90M in total assets and 566 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,578 in Finance & Insurance (8,869 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, $90M for 566 participants (~$159,105/participant), up 8.9% in 2023.

#7,578
in Finance & Insurance (8,869 peers)
+8.9%
assets growth YoY
0.9×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$90,053,522 Top 9% higher than 91% 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

Iron Workers Local #397 Pension Fund 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. Iron Workers Local #397 Pension Fund sits mid-pack in the medium band (566 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Workers Local #397 Pension Fund reported net income rose from -$15M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Iron Workers Local #397 Pension Fund end-of-year assets rose from $83M in the plan year 2022 filing to $90M in the plan year 2023 filing.
  • Iron Workers Local #397 Pension Fund reported participants fell from 612 in the plan year 2022 filing to 566 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 596168650 · Iron Workers Local #397 Pension Fund PY 2023 · Defined Benefit (Pension)

Iron Workers Local #397 Pension Fund · $90M · 566 · 91st

  • 5500 $90M
  • ASSETS 566
  • PCT 91st
  • EIN Defined Benefit (Pension)
  • RANK near Spire Missouri West Retirement Income Plan
  • PHOTO ind #7578

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

Mayo Clinic Saint Marys Hospital Retirement PlanMayo Clinic Saint Marys Hosp…$90MIron Workers Local #397 Pension FundIron Workers Local #397 Pens…$90MSpire Missouri West Retirement Income PlanSpire Missouri West Retireme…$90MMichigan Upper Peninsula Intrl Brotherhood of Elec Workers Pension PlanMichigan Upper Peninsula Int…$90MNewport News Shipbuilding Employees' Credit Union Inc Retirement PlanNewport News Shipbuilding Em…$90M
End-of-year total assets ($M) among Iron Workers Local #397 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$83M
Net Assets (End of Year)$90M
Net Income$7M
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): 0.090053522 · Participants: 566Iron Workers Local #397 Pension FundFedex Corporation Employees' Pension Plan, Total assets ($B): 26.580798454 · Participants: 139031Fedex Corporation Employees' Pension PlanRetirement Plan of International Paper Company, Total assets ($B): 8.836549756 · Participants: 20164Retirement Plan of International Paper CompanyPace Industry Union-Management Pension Fund, Total assets ($B): 2.707920528 · Participants: 3192Pace Industry Union-Management Pension FundPension Plan for Employees at Ornl, Total assets ($B): 2.456364769 · Participants: 5801Pension 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): 2.074583545 · Participants: 2710Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee
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 Spire Missouri West Retirement Income Plan in MO ($90M); by covered participants it is Saker Shoprites, Inc. - Local 360 Ee's Ret Plan in NJ (566 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (566 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 Iron Workers Local #397 Pension Fund assets move in 2023? ▼
Iron Workers Local #397 Pension Fund grew at a solid clip - up 8.9% during 2023, from $83M to $90M. Reported net income was $7M.
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 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Spire Missouri West Retirement Income Plan in MO ($90M, 161 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 Saker Shoprites, Inc. - Local 360 Ee's Ret Plan in NJ (566 participants, $26M 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 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.