Defined Benefit (Pension) · DOL Form 5500 · 2024

Iron Workers Local #397 Pension Fund Pension Plan

Data updated 2026-08-06

$97M
Total assets: 653
Participants: 90th
Percentile by assets: $148,689
Avg per participant

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.

90th percentile by assets (of 116,472 plans)
#7,000 in Finance & Insurance (8,240 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.

$97M
total plan assets (2024 EOY): 653
covered participants: 90th
percentile by assets (of 116,472 plans): $148,689
avg assets per participant

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 →

State

Tennessee

Industry

Finance & Insurance

Iron Workers Local #397 Pension Fund vs the 2024 asset distribution

By assets, Iron Workers Local #397 Pension Fund outranks 90% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.0x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$90M
Net Assets (End of Year)	$97M
Net Income	$7M
Employer EIN	596168650
Plan Effective Date	1965-07-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Iron Workers Local #397 Pension Fund plans on file

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

Retirement Plan of International Paper Company $8.2B · 20,795
Pace Industry Union-Management Pension Fund $2.8B · 3,134
Pension Plan for Employees at Ornl $2.4B · 6,357
Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee $2.0B · 2,516
Nissan Employee Retirement Plan $1.6B · 4,074

Compare Iron Workers Local #397 Pension Fund side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Iron Workers Local #397 Pension Fund by total assets, not by location.

Teamsters Union Local 293 Pension Plan (OH) $97M · N/A
Twin Cities Bakery Drivers Pension Plan (MN) $97M · 251
Pressmens Publishers Pension Fund (NY) $97M · N/A
Retiree Pension Plan (OH) $97M · N/A

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 116,472 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).

Next read for Iron Workers Local #397 Pension Fund

Scale reading

Ways to act on Iron Workers Local #397 Pension Fund's numbers.

By total assets, Iron Workers Local #397 Pension Fund ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Tennessee. Compare plans
Iron Workers Local #397 Pension Fund's sponsor-wide assets have grown 17.4% since 2022 across 3 plan years on file. More Finance & Insurance 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 596168650.