Profit Sharing · DOL Form 5500 · 2024

Board of Trustees Derrickmens Annuity Fund, Local 197 Profit Sharing Plan

Data updated 2026-08-06

$44M
Total assets: 184
Participants: 83rd
Percentile by assets: $241,260
Avg per participant

Official DOL plan name: Derrickmens Annuity Fund, Local 197 · Sponsored by Board of Trustees Derrickmens Annuity Fund, Local 197 · New York · Construction

$44M in assets, 184 participants

Board of Trustees Derrickmens Annuity Fund, Local 197's Derrickmens Annuity Fund, Local 197 reported $44M in total assets and 184 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

83rd percentile by assets (of 116,472 plans)

Coverage in New York

Derrickmens Annuity Fund, Local 197 covers 184 participants in New York, about 23% of the average New York filer (state average ~795 per filing). Assets: $44M.

$44M
total plan assets (2024 EOY): 184
covered participants: 83rd
percentile by assets (of 116,472 plans): $241,260
avg assets per participant

Derrickmens Annuity Fund, Local 197 reported net income fell from $6M in the plan year 2023 filing to $2M in the plan year 2024 filing.
Derrickmens Annuity Fund, Local 197 reported participants rose from 170 in the plan year 2023 filing to 184 in the plan year 2024 filing.
Derrickmens Annuity Fund, Local 197 end-of-year assets rose from $42M in the plan year 2023 filing to $44M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New York

Industry

Construction

Participants vs New York filers

In New York, the average filing covers about 795 participants across 8,491 plans. Derrickmens Annuity Fund, Local 197 reports 184 participants - about 23% of that state average ($44M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$42M
Net Assets (End of Year)	$44M
Net Income	$2M
Employer EIN	516112621
Plan Effective Date	1969-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Derrickmens Annuity Fund, Local 197)

Total plan assets by year, all Board of Trustees Derrickmens Annuity Fund, Local 197 plans on file

Year	Plans	Participants	Total Assets
2022	1	229	$36M
2023	1	170	$42M
2024	1	184	$44M

Nearby Profit Sharing Plans in New York

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Derrickmens Annuity Fund, Local 197 vs. nearby Profit Sharing plans in New York, assets vs. participants

Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $2.1B · 3,278
Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.8B · 5,817
The Research Foundation for the State University of New York Retirement Plan $1.3B · 9,758
Rochester Regional Health 403(b) Defined Contribution Plan $987M · 15,432
Mason Tenders District Council Annuity Fund $944M · 11,824

Compare Derrickmens Annuity Fund, Local 197 side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Derrickmens Annuity Fund, Local 197 by total assets, not by location.

University School of Nashville Retirement Plan (TN) $45M · 214
IBEW Local No. 32 NECA Profit Sharing Annuity Plan (MI) $45M · 322
Intermec Fssp Spinoff Plan (NC) $44M · 46
Oak Associates Profit Sharing Plan (OH) $44M · 10

Frequently Asked Questions

How did Derrickmens Annuity Fund, Local 197 assets move in 2024? ▼

Derrickmens Annuity Fund, Local 197 grew at a solid clip - up 6.2% during 2024, from $42M to $44M. Reported net income was $2M.

How have Board of Trustees Derrickmens Annuity Fund, Local 197 plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Derrickmens Annuity Fund, Local 197's sponsor-wide assets grew 24.3%, from $36M to $44M.

Where does Derrickmens Annuity Fund, Local 197 rank by assets among Form 5500 filers? ▼

Derrickmens Annuity Fund, Local 197 ranks in the 83rd percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which Profit Sharing plans are similar in size to Derrickmens Annuity Fund, Local 197? ▼

Among Profit Sharing plans in other states, the closest by assets is University School of Nashville Retirement Plan in TN ($45M, 214 participants).

Next read for Derrickmens Annuity Fund, Local 197

Filing takeaways

Ways to act on Derrickmens Annuity Fund, Local 197's numbers.

By total assets, Derrickmens Annuity Fund, Local 197 ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
Board of Trustees Derrickmens Annuity Fund, Local 197's sponsor-wide assets have grown 24.3% since 2022 across 3 plan years on file. More Construction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 516112621.

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.