Money Purchase · DOL Form 5500 · 2024
Operating Eng. Local 474 Defined Contribution Money Purchase Plan
Data updated 2026-08-11
- $61M
- Total assets
- 294
- Participants
- 86th
- Percentile by assets
- $208,607
- Avg per participant
Official DOL plan name: Operating Eng. Local 474 Defined Contribution · Sponsored by Operating Eng. Local 474 Defined Contribution · Tennessee · Construction
$61M in assets, 294 participants
Operating Eng. Local 474 Defined Contribution's Operating Eng. Local 474 Defined Contribution reported $61M in total assets and 294 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.
- 86th percentile by assets (of 123,622 plans)
- #7,632 in Construction (9,039 peers)
Coverage in Tennessee
Operating Eng. Local 474 Defined Contribution covers 294 participants in Tennessee, about 26% of the average Tennessee filer (state average ~1,126 per filing). Assets: $61M.
- $61M
- total plan assets (2024 EOY)
- 294
- covered participants
- 86th
- percentile by assets (of 123,622 plans)
- $208,607
- avg assets per participant
Where Operating Eng. Local 474 Defined Contribution sits by total assets
Operating Eng. Local 474 Defined Contribution vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$61,330,594 Top 14% higher than 86% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Operating Eng. Local 474 Defined Contribution reported net income rose from $3M in the plan year 2023 filing to $5M in the plan year 2024 filing.
- Operating Eng. Local 474 Defined Contribution reported participants fell from 338 in the plan year 2023 filing to 294 in the plan year 2024 filing.
- Operating Eng. Local 474 Defined Contribution end-of-year assets rose from $56M in the plan year 2023 filing to $61M in the plan year 2024 filing.
Participants vs Tennessee filers
In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. Operating Eng. Local 474 Defined Contribution reports 294 participants - about 26% of that state average ($61M EOY assets).
Tennessee filing particulars
| Total Assets (Beginning of Year) | $56M |
|---|---|
| Net Assets (End of Year) | $61M |
| Net Income | $5M |
| Employer EIN | 586209482 |
| Plan Effective Date | 1985-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Operating Eng. Local 474 Defined Contribution)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 463 | $53M |
| 2023 | 1 | 338 | $56M |
| 2024 | 1 | 294 | $61M |
Nearby Money Purchase Plans in Tennessee
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Operating Eng. Local 474 Defined Contribution 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 Operating Eng. Local 474 Defined Contribution by total assets, not by location.
- Kaiser Permanente Northwest Supplemental Retirement Plan (CA) $61M · 393
- Flagler Hospital Money Accumulation Plan and Trust (FL) $61M · 1,753
- Sheet Metal Workers' Local 206 Section 401(a) Plan (CA) $62M · 1,260
- Local 338 Annuity Fund (NY) $61M · 6,724
Frequently Asked Questions
How did Operating Eng. Local 474 Defined Contribution assets move in 2024? ▼
How have Operating Eng. Local 474 Defined Contribution plan assets changed over time? ▼
Where does Operating Eng. Local 474 Defined Contribution rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Operating Eng. Local 474 Defined Contribution? ▼
Next read for Operating Eng. Local 474 Defined Contrib…
Filing takeaways
Ways to act on Operating Eng. Local 474 Defined Contribution's numbers.
- By total assets, Operating Eng. Local 474 Defined Contribution 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
- Operating Eng. Local 474 Defined Contribution's sponsor-wide assets have grown 15.6% since 2022 across 3 plan years on file. More Construction plans