Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Ironworkers Local #597 Pension Plan Pension Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
224
Participants Below avg headcount
77th
Percentile by assets National rank
$134,177
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Ironworkers Local #597 Pension Plan · Sponsored by Board of Trustees Ironworkers Local #597 Pension Plan · Tennessee · Finance & Insurance

$30M in assets, 224 participants

Board of Trustees Ironworkers Local #597 Pension Plan's Ironworkers Local #597 Pension Plan reported $30M in total assets and 224 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,537 in Finance & Insurance (8,549 peers)

Coverage in Tennessee

Ironworkers Local #597 Pension Plan covers 224 participants in Tennessee, about 20% of the average Tennessee filer (state average ~1,126 per filing). Assets: $30M.

#5,537
in Finance & Insurance (8,549 peers)
+8.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Ironworkers Local #597 Pension Plan's outsized position by total assets

Ironworkers Local #597 Pension Plan vs every filed plan by assets

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

$30,055,650 Top 23% higher than 77% 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

Ironworkers Local #597 Pension Plan 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. Ironworkers Local #597 Pension Plan sits mid-pack in the medium band (224 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ironworkers Local #597 Pension Plan reported net income rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Ironworkers Local #597 Pension Plan reported participants fell from 247 in the plan year 2023 filing to 224 in the plan year 2024 filing.
  • Ironworkers Local #597 Pension Plan end-of-year assets rose from $28M in the plan year 2023 filing to $30M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 596195918 · Board of Trustees Ironworkers Local #597 Pension Plan PY 2024 · Defined Benefit (Pension)

Ironworkers Local #597 Pension Plan · $30M · 224 · 77th

  • NET $30M
  • NET 224
  • NET 77th
  • NET Defined Benefit (Pension)
  • NET near Technitrol, Inc. Retirement Plan
  • NET ind #5537

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 →

Ironworkers Local #597 Pension Plan in the asset neighbourhood

Greene, Tweed & Co., Inc. Union Employees Pension PlanGreene, Tweed & Co., Inc. Un…$30MAtalco LLC Hourly Employee Pension PlanAtalco LLC Hourly Employee P…$30MIronworkers Local #597 Pension PlanIronworkers Local #597 Pensi…$30MTechnitrol, Inc. Retirement PlanTechnitrol, Inc. Retirement …$30MConcentric Rockford Inc. Employees' Pension PlanConcentric Rockford Inc. Emp…$30M
End-of-year total assets ($M) among Ironworkers Local #597 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$30M
Net Income$2M
Employer EIN596195918
Plan Effective Date1967-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Ironworkers Local #597 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees Ironworkers Local #597 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$30M 17.59669864630366% vs 2022
2024 filing year
$24M$26M$28M$30M$32M 202220232024 $25.6M $30.1M ▲ +17.6%
Year Plans Participants Total Assets
2022 1 284 $26M
2023 1 247 $28M
2024 1 224 $30M

Nearby Defined Benefit (Pension) Plans in Tennessee

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

Ironworkers Local #597 Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Ironworkers Local #597 Pension Plan, Total assets ($B): 0.03005565 · Participants: 224Ironworkers Local #597 Pension PlanFedex 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
Ironworkers Local #597 Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare Ironworkers Local #597 Pension Plan side-by-side with 3 peers →

Ironworkers Local #597 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Tennessee, the nearest Defined Benefit (Pension) by assets is Technitrol, Inc. Retirement Plan in CA ($30M); by covered participants it is Non-Contributory Retirement Program for Certain Empl of Bcbs Wyoming in WY (224 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (224 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 Ironworkers Local #597 Pension Plan assets move in 2024? ▼
Ironworkers Local #597 Pension Plan grew at a solid clip - up 8.6% during 2024, from $28M to $30M. Reported net income was $2M.
How have Board of Trustees Ironworkers Local #597 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Ironworkers Local #597 Pension Plan's sponsor-wide assets grew 17.6%, from $26M to $30M.
Where does Ironworkers Local #597 Pension Plan rank by assets among Form 5500 filers? ▼
Ironworkers Local #597 Pension Plan ranks in the 77th 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 Ironworkers Local #597 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Technitrol, Inc. Retirement Plan in CA ($30M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Ironworkers Local #597 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Non-Contributory Retirement Program for Certain Empl of Bcbs Wyoming in WY (224 participants, $36M 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 596195918.

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.