Money Purchase · DOL Form 5500 · 2023

Trustees of Iron Workers Local #397 Annuity Fund Money Purchase Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
1,596
Participants Near avg headcount
79th
Percentile by assets National rank
$19,194
Avg per participant Low balance/head
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Official DOL plan name: Iron Workers Local #397 Annuity Fund · Sponsored by Trustees of Iron Workers Local #397 Annuity Fund · Tennessee · Finance & Insurance

$31M in assets, 1,596 participants

Trustees of Iron Workers Local #397 Annuity Fund's Iron Workers Local #397 Annuity Fund reported $31M in total assets and 1,596 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #6,090 in Finance & Insurance (8,869 peers)

Where Iron Workers Local #397 Annuity Fund sits by assets

Iron Workers Local #397 Annuity Fund sits in the top quartile of all filed plans by assets, $31M for 1,596 participants (~$19,194/participant), up 8.2% in 2023.

#6,090
in Finance & Insurance (8,869 peers)
+8.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Iron Workers Local #397 Annuity Fund's outsized position by total assets

Iron Workers Local #397 Annuity Fund vs every filed plan by assets

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

$30,634,282 Top 21% higher than 79% 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 Annuity Fund's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Iron Workers Local #397 Annuity Fund lands in the large band (1,596 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Iron Workers Local #397 Annuity Fund reported net income rose from -$5M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Iron Workers Local #397 Annuity Fund end-of-year assets rose from $28M in the plan year 2022 filing to $31M in the plan year 2023 filing.
  • Iron Workers Local #397 Annuity Fund reported participants rose from 1,558 in the plan year 2022 filing to 1,596 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 597139874 · Trustees of Iron Workers Local #397 Annuity Fund PY 2023 · Money Purchase

Iron Workers Local #397 Annuity Fund · $31M · 1,596 · 79th

  • VS-ST $31M
  • BOY 1,596
  • SCH 79th
  • EBSA Money Purchase
  • PART near Ufcw Local 2013 Annuity Fund
  • TYPE ind #6090

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 Annuity Fund in the asset neighbourhood

Ufcw Local 2013 Annuity Fund$31MIron Workers Local #397 Annuity FundIron Workers Local #397 Annu…$31MSalud Family Health Retirement PlanSalud Family Health Retireme…$30MPlumbers and Pipefitters Local Union No. 396 Security PlanPlumbers and Pipefitters Loc…$30MTeamsters Local 929 Retirement PlanTeamsters Local 929 Retireme…$30M
End-of-year total assets ($M) among Iron Workers Local #397 Annuity Fund and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$31M
Net Income$2M
Employer EIN597139874
Plan Effective Date1998-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Iron Workers Local #397 Annuity Fund)

Sponsor-wide plan assets over time

All Trustees of Iron Workers Local #397 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$34M 18.38675717120489% vs 2022
2024 filing year
$26M$28M$30M$32M$34M$36M 202220232024 $28.3M $33.5M ▲ +18.4%
Year Plans Participants Total Assets
2022 1 1,558 $28M
2023 1 1,596 $31M
2024 1 1,627 $34M

Nearby Money Purchase Plans in Tennessee

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Iron Workers Local #397 Annuity Fund vs. nearby Money Purchase plans in Tennessee, assets vs. participants Scatter plot of 6 data points. 050001000015000 -0.500.511.52 Total assets ($B) Participants Iron Workers Local #397 Annuity Fund, Total assets ($B): 0.030634282 · Participants: 1596Iron Workers Local #397 Annuity FundSouthern Electrical Retirement Fund, Total assets ($B): 1.903808868 · Participants: 11228Southern Electrical Retirement FundIBEW Local 16, AFL-CIO & Multi- Employer Pension Plan, Total assets ($B): 0.378665018 · Participants: 2004IBEW Local 16, AFL-CIO & Multi- Employer Pension PlanU. a. Local Union No. 614 Pension Plan, Total assets ($B): 0.19563667 · Participants: 1248U. a. Local Union No. 614 Pension PlanMidwest Pipe Trades Retirement Plan, Total assets ($B): 0.190004018 · Participants: 1501Midwest Pipe Trades Retirement PlanIBEW Local Union No. 915 Pension-Annuity Fund, Total assets ($B): 0.098137251 · Participants: 1819IBEW Local Union No. 915 Pension-Annuity Fund
Iron Workers Local #397 Annuity Fund vs. nearby Money Purchase plans in Tennessee, assets vs. participants
Compare Iron Workers Local #397 Annuity Fund side-by-side with 3 peers →

Iron Workers Local #397 Annuity Fund's out-of-state Money Purchase peers by assets and headcount

Outside Tennessee, the nearest Money Purchase by assets is Ufcw Local 2013 Annuity Fund in NY ($31M); by covered participants it is Nfl Pension Plan in NY (1,599 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($31M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,596 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 Annuity Fund assets move in 2023? ▼
Iron Workers Local #397 Annuity Fund grew at a solid clip - up 8.2% during 2023, from $28M to $31M. Reported net income was $2M.
How have Trustees of Iron Workers Local #397 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Iron Workers Local #397 Annuity Fund's sponsor-wide assets grew 18.4%, from $28M to $34M.
Where does Iron Workers Local #397 Annuity Fund rank by assets among Form 5500 filers? ▼
Iron Workers Local #397 Annuity Fund ranks in the 79th 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 Money Purchase plans are similar in size to Iron Workers Local #397 Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by assets is Ufcw Local 2013 Annuity Fund in NY ($31M, 4,734 participants).
Which Money Purchase plans cover a similar participant headcount to Iron Workers Local #397 Annuity Fund? ▼
Among Money Purchase plans in other states, the closest by covered participants is Nfl Pension Plan in NY (1,599 participants, $545M 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 597139874.

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.