Defined Benefit (Pension) · DOL Form 5500 · 2024

Bd of Tr Derrickmens Pension Fund, Local 197 Pension Plan

Data updated 2026-08-25

$54M
Total assets Below avg plan size
107
Participants Small participant base
85th
Percentile by assets National rank
$502,048
Avg per participant High balance/head
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Official DOL plan name: Derrickmens Pension Fund, Local 197 · Sponsored by Bd of Tr Derrickmens Pension Fund, Local 197 · New York · Construction

$54M in assets, 107 participants

Bd of Tr Derrickmens Pension Fund, Local 197's Derrickmens Pension Fund, Local 197 reported $54M in total assets and 107 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #7,512 in Construction (9,039 peers)

Coverage in New York

Derrickmens Pension Fund, Local 197 covers 107 participants in New York, about 13% of the average New York filer (state average ~798 per filing). Assets: $54M.

#7,512
in Construction (9,039 peers)
+12.2%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Derrickmens Pension Fund, Local 197's outsized position by total assets

Derrickmens Pension Fund, Local 197 vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$53,719,170 Top 15% higher than 85% of 123,620 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 2024

Derrickmens Pension Fund, Local 197 among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Derrickmens Pension Fund, Local 197 sits mid-pack in the medium band (107 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Derrickmens Pension Fund, Local 197 reported participants fell from 132 in the plan year 2023 filing to 107 in the plan year 2024 filing.
  • Derrickmens Pension Fund, Local 197 reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Derrickmens Pension Fund, Local 197 end-of-year assets rose from $48M in the plan year 2023 filing to $54M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 136121370 · Bd of Tr Derrickmens Pension Fund, Local 197 PY 2024 · Defined Benefit (Pension)

Derrickmens Pension Fund, Local 197 · $54M · 107 · 85th

  • SCH $54M
  • EBSA 107
  • PART 85th
  • TYPE Defined Benefit (Pension)
  • NET near Southwest Marine Pension Trust
  • BOOK ind #7512

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 New York →

Derrickmens Pension Fund, Local 197 in the asset neighbourhood

The Okonite Company Hourly Employees Pension PlanThe Okonite Company Hourly E…$54MFront Porch Retirement Income PlanFront Porch Retirement Incom…$54MDerrickmens Pension Fund, Local 197Derrickmens Pension Fund, Lo…$54MSouthwest Marine Pension TrustSouthwest Marine Pension Tru…$54MInternational Association of Firefighters Employees Pension PlanInternational Association of…$54M
End-of-year total assets ($M) among Derrickmens Pension Fund, Local 197 and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$53M
Net Income$6M
Employer EIN136121370
Plan Effective Date1954-10-27
Filing StatusFILING RECEIVED

Sponsor Plan History (Bd of Tr Derrickmens Pension Fund, Local 197)

Sponsor-wide plan assets over time

All Bd of Tr Derrickmens Pension Fund, Local 197 plans reported in each filing year

Latest sponsor-wide plan assets
$54M 31.087778655207487% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $41M $53.7M ▲ +31.1%
Year Plans Participants Total Assets
2022 1 140 $41M
2023 1 132 $48M
2024 1 107 $54M

Nearby Defined Benefit (Pension) Plans in New York

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

Derrickmens Pension Fund, Local 197 vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Derrickmens Pension Fund, Local 197, Total assets ($B): 0.05371917 · Participants: 107Derrickmens Pension Fund, Local 197IBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
Derrickmens Pension Fund, Local 197 vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Derrickmens Pension Fund, Local 197 side-by-side with 3 peers →

Derrickmens Pension Fund, Local 197's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Southwest Marine Pension Trust in CA ($54M); by covered participants it is Cement Masons Pension Fund of Local No. 165 in MI (107 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (107 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Derrickmens Pension Fund, Local 197 assets move in 2024? ▼
Derrickmens Pension Fund, Local 197 grew at a solid clip - up 12.2% during 2024, from $48M to $54M. Reported net income was $6M.
How have Bd of Tr Derrickmens Pension Fund, Local 197 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bd of Tr Derrickmens Pension Fund, Local 197's sponsor-wide assets grew 31.1%, from $41M to $54M.
Where does Derrickmens Pension Fund, Local 197 rank by assets among Form 5500 filers? ▼
Derrickmens Pension Fund, Local 197 ranks in the 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Derrickmens Pension Fund, Local 197? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Southwest Marine Pension Trust in CA ($54M, 112 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Derrickmens Pension Fund, Local 197? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Cement Masons Pension Fund of Local No. 165 in MI (107 participants, $47M in assets).

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 136121370.

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.