Money Purchase · DOL Form 5500 · 2024
Trustees of Iron Workers Local #397 Annuity Fund Money Purchase Plan
Data updated 2026-08-11
- $34M
- Total assets
- 1,627
- Participants
- 79th
- Percentile by assets
- $20,605
- Avg per participant
Official DOL plan name: Iron Workers Local #397 Annuity Fund · Sponsored by Trustees of Iron Workers Local #397 Annuity Fund · Tennessee · Finance & Insurance
$34M in assets, 1,627 participants
Trustees of Iron Workers Local #397 Annuity Fund's Iron Workers Local #397 Annuity Fund reported $34M in total assets and 1,627 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.
- 79th percentile by assets (of 123,622 plans)
- #5,737 in Finance & Insurance (8,549 peers)
Where Iron Workers Local #397 Annuity Fund sits by assets
Iron Workers Local #397 Annuity Fund sits in the top quartile of all filed plans by assets, $34M for 1,627 participants (~$20,605/participant), up 9.4% in 2024.
- $34M
- total plan assets (2024 EOY)
- 1,627
- covered participants
- 79th
- percentile by assets (of 123,622 plans)
- $20,605
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Iron Workers Local #397 Annuity Fund reported net income rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Iron Workers Local #397 Annuity Fund end-of-year assets rose from $31M in the plan year 2023 filing to $34M in the plan year 2024 filing.
- Iron Workers Local #397 Annuity Fund reported participants rose from 1,596 in the plan year 2023 filing to 1,627 in the plan year 2024 filing.
Iron Workers Local #397 Annuity Fund vs the 2024 asset distribution
By assets, Iron Workers Local #397 Annuity Fund outranks 79% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $31M |
|---|---|
| Net Assets (End of Year) | $34M |
| Net Income | $3M |
| Employer EIN | 597139874 |
| Plan Effective Date | 1998-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Iron Workers Local #397 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,558 | $28M |
| 2023 | 1 | 1,596 | $31M |
| 2024 | 1 | 1,627 | $34M |
Nearby Money Purchase Plans in Tennessee
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Iron Workers Local #397 Annuity Fund vs. nearby Money Purchase plans in Tennessee, assets vs. participants
- Southern Electrical Retirement Fund $2.2B · 11,461
- IBEW Local 16, AFL-CIO & Multi- Employer Pension Plan $434M · 2,070
- Midwest Pipe Trades Retirement Plan $222M · 1,544
- U. a. Local Union No. 614 Pension Plan $204M · 1,248
- IBEW Local Union No. 915 Pension-Annuity Fund $115M · 1,864
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Iron Workers Local #397 Annuity Fund by total assets, not by location.
- Credit Agricole Corporate and Investment Bank Money Purchase Pension Plan (NY) $34M · 28
- Salud Family Health Retirement Plan (CO) $34M · 528
- International Brotherhood of Trade Unions Local 713 Annuity Fund (NY) $34M · 25,523
- Inland Refrigeration and Air Conditioning Retirement Trust Fund (CA) $33M · 187
Frequently Asked Questions
How did Iron Workers Local #397 Annuity Fund assets move in 2024? ▼
How have Trustees of Iron Workers Local #397 Annuity Fund plan assets changed over time? ▼
Where does Iron Workers Local #397 Annuity Fund rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Iron Workers Local #397 Annuity Fund? ▼
Next read for Iron Workers Local #397 Annuity Fund
Scale reading
Ways to act on Iron Workers Local #397 Annuity Fund's numbers.
- By total assets, Iron Workers Local #397 Annuity Fund ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in Tennessee. Compare plans
- Trustees of Iron Workers Local #397 Annuity Fund's sponsor-wide assets have grown 18.4% since 2022 across 3 plan years on file. More Finance & Insurance plans