Money Purchase · DOL Form 5500 · 2023

Operating Eng. Local 474 Defined Contribution Money Purchase Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
338
Participants Below avg headcount
87th
Percentile by assets National rank
$165,499
Avg per participant Above avg balance/head
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Official DOL plan name: Operating Eng. Local 474 Defined Contribution · Sponsored by Operating Eng. Local 474 Defined Contribution · Tennessee · Construction

$56M in assets, 338 participants

Operating Eng. Local 474 Defined Contribution's Operating Eng. Local 474 Defined Contribution reported $56M in total assets and 338 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,634 in Construction (9,030 peers)

Coverage in Tennessee

Operating Eng. Local 474 Defined Contribution covers 338 participants in Tennessee, about 30% of the average Tennessee filer (state average ~1,126 per filing). Assets: $56M.

#7,634
in Construction (9,030 peers)
+5.4%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Operating Eng. Local 474 Defined Contribution's outsized position by total assets

Operating Eng. Local 474 Defined Contribution vs every filed plan by assets

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

$55,938,607 Top 13% higher than 87% 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

Operating Eng. Local 474 Defined Contribution 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. Operating Eng. Local 474 Defined Contribution sits mid-pack in the medium band (338 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Operating Eng. Local 474 Defined Contribution reported participants fell from 463 in the plan year 2022 filing to 338 in the plan year 2023 filing.
  • Operating Eng. Local 474 Defined Contribution reported net income fell from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Operating Eng. Local 474 Defined Contribution end-of-year assets rose from $53M in the plan year 2022 filing to $56M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 586209482 · Operating Eng. Local 474 Defined Contribution PY 2023 · Money Purchase

Operating Eng. Local 474 Defined Contribution · $56M · 338 · 87th

  • SCH $56M
  • SCH 338
  • SCH 87th
  • SCH Money Purchase
  • SCH near Operating Engineers Local No. 147 Annuity Fund
  • SCH ind #7634

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 Tennessee →

Operating Eng. Local 474 Defined Contribution in the asset neighbourhood

Sevenson Environmental Services, Inc. Pension PlanSevenson Environmental Servi…$56MNational Democratic Institute for International Affairs Money Purchase Pension PlanNational Democratic Institut…$56MOperating Eng. Local 474 Defined ContributionOperating Eng. Local 474 Def…$56MOperating Engineers Local No. 147 Annuity FundOperating Engineers Local No…$56MLocal 18 Int'l Assoc. of Heat & Frost Insulators & Allied Workers Supplemental Pension FundLocal 18 Int'l Assoc. of Hea…$56M
End-of-year total assets ($M) among Operating Eng. Local 474 Defined Contribution and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$56M
Net Income$3M
Employer EIN586209482
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Operating Eng. Local 474 Defined Contribution)

Sponsor-wide plan assets over time

All Operating Eng. Local 474 Defined Contribution plans reported in each filing year

Latest sponsor-wide plan assets
$61M 15.595938790045864% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.1M $61.3M ▲ +15.6%
Year Plans Participants Total Assets
2022 1 463 $53M
2023 1 338 $56M
2024 1 294 $61M

Nearby Money Purchase Plans in Tennessee

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

Operating Eng. Local 474 Defined Contribution vs. nearby Money Purchase plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -0.500.511.52 Total assets ($B) Participants Operating Eng. Local 474 Defined Contribution, Total assets ($B): 0.055938607 · Participants: 338Operating Eng. Local 474 Defined ContributionSouthern 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
Operating Eng. Local 474 Defined Contribution vs. nearby Money Purchase plans in Tennessee, assets vs. participants
Compare Operating Eng. Local 474 Defined Contribution side-by-side with 3 peers →

Operating Eng. Local 474 Defined Contribution's out-of-state Money Purchase peers by assets and headcount

Outside Tennessee, the nearest Money Purchase by assets is Operating Engineers Local No. 147 Annuity Fund in VA ($56M); by covered participants it is Annuity Fund of Local 274 in NJ (340 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (338 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 Operating Eng. Local 474 Defined Contribution assets move in 2023? ▼
Operating Eng. Local 474 Defined Contribution grew at a solid clip - up 5.4% during 2023, from $53M to $56M. Reported net income was $3M.
How have Operating Eng. Local 474 Defined Contribution plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Operating Eng. Local 474 Defined Contribution's sponsor-wide assets grew 15.6%, from $53M to $61M.
Where does Operating Eng. Local 474 Defined Contribution rank by assets among Form 5500 filers? ▼
Operating Eng. Local 474 Defined Contribution ranks in the 87th 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 Operating Eng. Local 474 Defined Contribution? ▼
Among Money Purchase plans in other states, the closest by assets is Operating Engineers Local No. 147 Annuity Fund in VA ($56M, 707 participants).
Which Money Purchase plans cover a similar participant headcount to Operating Eng. Local 474 Defined Contribution? ▼
Among Money Purchase plans in other states, the closest by covered participants is Annuity Fund of Local 274 in NJ (340 participants, $152M 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 586209482.

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.