Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Ironworkers Local #597 Pension Plan Pension Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
247
Participants Below avg headcount
78th
Percentile by assets National rank
$112,074
Avg per participant Below avg balance/head
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Official DOL plan name: Ironworkers Local #597 Pension Plan · Sponsored by Board of Trustees Ironworkers Local #597 Pension Plan · Tennessee · Finance & Insurance

$28M in assets, 247 participants

Board of Trustees Ironworkers Local #597 Pension Plan's Ironworkers Local #597 Pension Plan reported $28M in total assets and 247 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,898 in Finance & Insurance (8,869 peers)

Coverage in Tennessee

Ironworkers Local #597 Pension Plan covers 247 participants in Tennessee, about 22% of the average Tennessee filer (state average ~1,126 per filing). Assets: $28M.

#5,898
in Finance & Insurance (8,869 peers)
+8.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Ironworkers Local #597 Pension Plan's outsized position by total assets

Ironworkers Local #597 Pension Plan vs every filed plan by assets

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

$27,682,304 Top 22% higher than 78% 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

Ironworkers Local #597 Pension Plan 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. Ironworkers Local #597 Pension Plan sits mid-pack in the medium band (247 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ironworkers Local #597 Pension Plan reported net income rose from -$5M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Ironworkers Local #597 Pension Plan reported participants fell from 284 in the plan year 2022 filing to 247 in the plan year 2023 filing.
  • Ironworkers Local #597 Pension Plan end-of-year assets rose from $26M in the plan year 2022 filing to $28M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 596195918 · Board of Trustees Ironworkers Local #597 Pension Plan PY 2023 · Defined Benefit (Pension)

Ironworkers Local #597 Pension Plan · $28M · 247 · 78th

  • PHOTO $28M
  • IND 247
  • EOY 78th
  • 5500 Defined Benefit (Pension)
  • ASSETS near Vermont Electric Power Company Pension Plan
  • PCT ind #5898

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 →

Ironworkers Local #597 Pension Plan in the asset neighbourhood

Employees' Retirement Plan of Centrus Energy Corp.Employees' Retirement Plan o…$28MVermont Electric Power Company Pension PlanVermont Electric Power Compa…$28MIronworkers Local #597 Pension PlanIronworkers Local #597 Pensi…$28MBgc Pension Plan$28MDefined Benefit Pension Plan of Curative Care Network, Inc.Defined Benefit Pension Plan…$28M
End-of-year total assets ($M) among Ironworkers Local #597 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$28M
Net Income$2M
Employer EIN596195918
Plan Effective Date1967-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Ironworkers Local #597 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees Ironworkers Local #597 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$30M 17.59669864630366% vs 2022
2024 filing year
$24M$26M$28M$30M$32M 202220232024 $25.6M $30.1M ▲ +17.6%
Year Plans Participants Total Assets
2022 1 284 $26M
2023 1 247 $28M
2024 1 224 $30M

Nearby Defined Benefit (Pension) Plans in Tennessee

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

Ironworkers Local #597 Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Ironworkers Local #597 Pension Plan, Total assets ($B): 0.027682304 · Participants: 247Ironworkers Local #597 Pension PlanFedex 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
Ironworkers Local #597 Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare Ironworkers Local #597 Pension Plan side-by-side with 3 peers →

Ironworkers Local #597 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Tennessee, the nearest Defined Benefit (Pension) by assets is Vermont Electric Power Company Pension Plan in VT ($28M); by covered participants it is Woodward Hrt Pension Plan in CO (247 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (247 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 Ironworkers Local #597 Pension Plan assets move in 2023? ▼
Ironworkers Local #597 Pension Plan grew at a solid clip - up 8.3% during 2023, from $26M to $28M. Reported net income was $2M.
How have Board of Trustees Ironworkers Local #597 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Ironworkers Local #597 Pension Plan's sponsor-wide assets grew 17.6%, from $26M to $30M.
Where does Ironworkers Local #597 Pension Plan rank by assets among Form 5500 filers? ▼
Ironworkers Local #597 Pension Plan ranks in the 78th 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 Ironworkers Local #597 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Vermont Electric Power Company Pension Plan in VT ($28M, 52 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Ironworkers Local #597 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Woodward Hrt Pension Plan in CO (247 participants, $153M 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 596195918.

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.