Defined Benefit (Pension) · DOL Form 5500 · 2024

Iron Workers Local #397 Pension Fund Pension Plan

Data updated 2026-08-25

$97M
Total assets Below avg plan size
653
Participants Below avg headcount
90th
Percentile by assets National rank
$148,689
Avg per participant Above avg balance/head
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Official DOL plan name: Iron Workers Local #397 Pension Fund · Sponsored by Iron Workers Local #397 Pension Fund · Tennessee · Finance & Insurance

$97M in assets, 653 participants

Iron Workers Local #397 Pension Fund's Iron Workers Local #397 Pension Fund reported $97M in total assets and 653 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,245 in Finance & Insurance (8,549 peers)

Where Iron Workers Local #397 Pension Fund sits by assets

Iron Workers Local #397 Pension Fund sits in the top 10% of all filed plans by assets, $97M for 653 participants (~$148,689/participant), up 7.8% in 2024.

#7,245
in Finance & Insurance (8,549 peers)
+7.8%
assets growth YoY
1.0×
vs typical plan assets (national mean)

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

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

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

$97,094,088 Top 10% higher than 90% 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

Iron Workers Local #397 Pension Fund 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. Iron Workers Local #397 Pension Fund sits mid-pack in the medium band (653 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Iron Workers Local #397 Pension Fund reported participants rose from 566 in the plan year 2023 filing to 653 in the plan year 2024 filing.
  • Iron Workers Local #397 Pension Fund end-of-year assets rose from $90M in the plan year 2023 filing to $97M in the plan year 2024 filing.
  • Iron Workers Local #397 Pension Fund reported net income fell from $7M in the plan year 2023 filing to $7M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 596168650 · Iron Workers Local #397 Pension Fund PY 2024 · Defined Benefit (Pension)

Iron Workers Local #397 Pension Fund · $97M · 653 · 90th

  • NET $97M
  • NET 653
  • NET 90th
  • NET Defined Benefit (Pension)
  • NET near Teamsters Union Local 293 Pension Plan
  • NET ind #7245

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 Pension Fund in the asset neighbourhood

Pressmens Publishers Pension FundPressmens Publishers Pension…$97MRetiree Pension Plan$97MTwin Cities Bakery Drivers Pension PlanTwin Cities Bakery Drivers P…$97MIron Workers Local #397 Pension FundIron Workers Local #397 Pens…$97MTeamsters Union Local 293 Pension PlanTeamsters Union Local 293 Pe…$97M
End-of-year total assets ($M) among Iron Workers Local #397 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$90M
Net Assets (End of Year)$97M
Net Income$7M
Employer EIN596168650
Plan Effective Date1965-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Iron Workers Local #397 Pension Fund)

Sponsor-wide plan assets over time

All Iron Workers Local #397 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$97M 17.398896286450434% vs 2022
2024 filing year
$80M$85M$90M$95M$100M 202220232024 $82.7M $97.1M ▲ +17.4%
Year Plans Participants Total Assets
2022 1 612 $83M
2023 1 566 $90M
2024 1 653 $97M

Nearby Defined Benefit (Pension) Plans in Tennessee

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

Iron Workers Local #397 Pension Fund vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Iron Workers Local #397 Pension Fund, Total assets ($B): 0.097094088 · Participants: 653Iron Workers Local #397 Pension FundFedex Corporation Employees' Pension Plan, Total assets ($B): 26.858555454 · Participants: 125941Fedex Corporation Employees' Pension PlanRetirement Plan of International Paper Company, Total assets ($B): 8.18942151 · Participants: 20795Retirement Plan of International Paper CompanyPace Industry Union-Management Pension Fund, Total assets ($B): 2.839667916 · Participants: 3134Pace Industry Union-Management Pension FundPension Plan for Employees at Ornl, Total assets ($B): 2.400126032 · Participants: 6357Pension 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): 1.97251328 · Participants: 2516Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee
Iron Workers Local #397 Pension Fund vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare Iron Workers Local #397 Pension Fund side-by-side with 3 peers →

Iron Workers Local #397 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Tennessee, the nearest Defined Benefit (Pension) by assets is Teamsters Union Local 293 Pension Plan in OH ($97M); by covered participants it is Stanford University Staff Retirement Annuity Plan in CA (653 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($97M here).

Similar participant headcount

Nearest other-state filings by covered participants (653 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 Iron Workers Local #397 Pension Fund assets move in 2024? ▼
Iron Workers Local #397 Pension Fund grew at a solid clip - up 7.8% during 2024, from $90M to $97M. Reported net income was $7M.
How have Iron Workers Local #397 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Iron Workers Local #397 Pension Fund's sponsor-wide assets grew 17.4%, from $83M to $97M.
Where does Iron Workers Local #397 Pension Fund rank by assets among Form 5500 filers? ▼
Iron Workers Local #397 Pension Fund ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Iron Workers Local #397 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Teamsters Union Local 293 Pension Plan in OH ($97M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Iron Workers Local #397 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Stanford University Staff Retirement Annuity Plan in CA (653 participants, $197M 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 596168650.

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.