Money Purchase · DOL Form 5500 · 2024

Operating Eng. Local 474 Defined Contribution Money Purchase Plan

Data updated 2026-08-25

$61M
Total assets Below avg plan size
294
Participants Below avg headcount
86th
Percentile by assets National rank
$208,607
Avg per participant Above avg balance/head
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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.

  • #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.

#7,632
in Construction (9,039 peers)
+9.6%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Operating Eng. Local 474 Defined Contribution's outsized position 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

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

Operating Eng. Local 474 Defined Contribution 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. Operating Eng. Local 474 Defined Contribution sits mid-pack in the medium band (294 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 586209482 · Operating Eng. Local 474 Defined Contribution PY 2024 · Money Purchase

Operating Eng. Local 474 Defined Contribution · $61M · 294 · 86th

  • PCT $61M
  • PCT 294
  • PCT 86th
  • PCT Money Purchase
  • PCT near Kaiser Permanente Northwest Supplemental Retirement Plan
  • PCT ind #7632

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 Construction retirement plans → · Plans in Tennessee →

Operating Eng. Local 474 Defined Contribution in the asset neighbourhood

Sheet Metal Workers' Local 206 Section 401(a) PlanSheet Metal Workers' Local 2…$62MKaiser Permanente Northwest Supplemental Retirement PlanKaiser Permanente Northwest …$61MOperating Eng. Local 474 Defined ContributionOperating Eng. Local 474 Def…$61MFlagler Hospital Money Accumulation Plan and TrustFlagler Hospital Money Accum…$61MLocal 338 Annuity Fund$61M
End-of-year total assets ($M) among Operating Eng. Local 474 Defined Contribution and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)$56M
Net Assets (End of Year)$61M
Net Income$5M
Employer EIN586209482
Plan Effective Date1985-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Operating Eng. Local 474 Defined Contribution)

Sponsor-wide plan assets over time

All Operating Eng. Local 474 Defined Contribution plans reported in each filing year

Latest sponsor-wide plan assets
$61M 15.595938790045864% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $53.1M $61.3M ▲ +15.6%
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 Scatter plot of 6 data points. -5000050001000015000 -0.500.511.522.5 Total assets ($B) Participants Operating Eng. Local 474 Defined Contribution, Total assets ($B): 0.061330594 · Participants: 294Operating Eng. Local 474 Defined ContributionSouthern Electrical Retirement Fund, Total assets ($B): 2.191524146 · Participants: 11461Southern Electrical Retirement FundIBEW Local 16, AFL-CIO & Multi- Employer Pension Plan, Total assets ($B): 0.434339446 · Participants: 2070IBEW Local 16, AFL-CIO & Multi- Employer Pension PlanMidwest Pipe Trades Retirement Plan, Total assets ($B): 0.221798038 · Participants: 1544Midwest Pipe Trades Retirement PlanU. a. Local Union No. 614 Pension Plan, Total assets ($B): 0.203639598 · Participants: 1248U. a. Local Union No. 614 Pension PlanIBEW Local Union No. 915 Pension-Annuity Fund, Total assets ($B): 0.115026128 · Participants: 1864IBEW Local Union No. 915 Pension-Annuity Fund
Operating Eng. Local 474 Defined Contribution vs. nearby Money Purchase plans in Tennessee, assets vs. participants
Compare Operating Eng. Local 474 Defined Contribution side-by-side with 3 peers →

Operating Eng. Local 474 Defined Contribution's out-of-state Money Purchase peers by assets and headcount

Outside Tennessee, the nearest Money Purchase by assets is Kaiser Permanente Northwest Supplemental Retirement Plan in CA ($61M); by covered participants it is Whiteford, Taylor & Preston Money Purchase Pension Plan and Trust in MD (294 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (294 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 Operating Eng. Local 474 Defined Contribution assets move in 2024? ▼
Operating Eng. Local 474 Defined Contribution grew at a solid clip - up 9.6% during 2024, from $56M to $61M. Reported net income was $5M.
How have Operating Eng. Local 474 Defined Contribution plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Operating Eng. Local 474 Defined Contribution's sponsor-wide assets grew 15.6%, from $53M to $61M.
Where does Operating Eng. Local 474 Defined Contribution rank by assets among Form 5500 filers? ▼
Operating Eng. Local 474 Defined Contribution ranks in the 86th 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 Money Purchase plans are similar in size to Operating Eng. Local 474 Defined Contribution? ▼
Among Money Purchase plans in other states, the closest by assets is Kaiser Permanente Northwest Supplemental Retirement Plan in CA ($61M, 393 participants).
Which Money Purchase plans cover a similar participant headcount to Operating Eng. Local 474 Defined Contribution? ▼
Among Money Purchase plans in other states, the closest by covered participants is Whiteford, Taylor & Preston Money Purchase Pension Plan and Trust in MD (294 participants, $129M 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 586209482.

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.