401(k) · DOL Form 5500 · 2022

Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k) Plan

Data updated 2026-08-25

$187M
Total assets Near avg plan size
951
Participants Near avg headcount
95th
Percentile by assets National rank
$196,132
Avg per participant Above avg balance/head
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Official DOL plan name: Sheet Metal Workers Union Local 38 Profit Sharing Fund · Sponsored by Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd · New York · Construction

$187M in assets, 951 participants

Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's Sheet Metal Workers Union Local 38 Profit Sharing Fund reported $187M in total assets and 951 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.

  • #9,393 in Construction (9,927 peers)

Where Sheet Metal Workers Union Local 38 Profit Sharing Fund sits by assets

Sheet Metal Workers Union Local 38 Profit Sharing Fund sits in the top 5% of all filed plans by assets, $187M for 951 participants (~$196,132/participant), down 10.5% in 2022.

#9,393
in Construction (9,927 peers)
-10.5%
assets change YoY
1.9×
vs typical plan assets (national mean)

The plan reported a net loss of $22M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sheet Metal Workers Union Local 38 Profit Sharing Fund's outsized position by total assets

Sheet Metal Workers Union Local 38 Profit Sharing Fund vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$186,521,217 Top 5% higher than 95% of 139,123 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 2022

Sheet Metal Workers Union Local 38 Profit Sharing Fund among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers Union Local 38 Profit Sharing Fund sits mid-pack in the medium band (951 participants).

Plan-year Form 5500 strip

Filing strip 133319782 · Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd PY 2022 · 401(k)

Sheet Metal Workers Union Local 38 Profit Sharing Fund · $187M · 951 · 95th

  • VS-ST $187M
  • BOY 951
  • SCH 95th
  • EBSA 401(k)
  • PART near Agropur Inc. 401(k) Retirement Savings Plan
  • TYPE ind #9393

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 New York →

Sheet Metal Workers Union Local 38 Profit Sharing Fund in the asset neighbourhood

General Health System Retirement Plus PlanGeneral Health System Retire…$187MButler Machinery Company Retirement PlanButler Machinery Company Ret…$187MAgropur Inc. 401(k) Retirement Savings PlanAgropur Inc. 401(k) Retireme…$187MSheet Metal Workers Union Local 38 Profit Sharing FundSheet Metal Workers Union Lo…$187MAltagas Services (U.S.) Inc. 401(k) PlanAltagas Services (U.S.) Inc.…$186M
End-of-year total assets ($M) among Sheet Metal Workers Union Local 38 Profit Sharing Fund and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$208M
Net Assets (End of Year)$186M
Net Income-$22M
Employer EIN133319782
Plan Effective Date1970-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd)

Sponsor-wide plan assets over time

All Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd plans reported in each filing year

Latest sponsor-wide plan assets
$214M 14.487270903877922% vs 2022
2024 filing year
$180M$190M$200M$210M$220M 202220232024 $187M $214M ▲ +14.5%
Year Plans Participants Total Assets
2022 1 951 $187M
2023 1 1,090 $201M
2024 1 1,243 $214M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Union Local 38 Profit Sharing Fund vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Sheet Metal Workers Union Local 38 Profit Sharing Fund, Total assets ($B): 0.186521217 · Participants: 951Sheet Metal Workers Union Local 38 Profit Sharing FundIBM 401 (K) Plus Plan, Total assets ($B): 53.363875208 · Participants: 56376IBM 401 (K) Plus PlanMorgan Stanley 401(k) Plan, Total assets ($B): 16.415517176 · Participants: 42924Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 12.067222 · Participants: 129846The Pepsico Savings PlanDeloitte 401(k) Plan, Total assets ($B): 10.966899716 · Participants: 74687Deloitte 401(k) PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 9.681988279 · Participants: 22650The Goldman Sachs 401(k) Plan
Sheet Metal Workers Union Local 38 Profit Sharing Fund vs. nearby 401(k) plans in New York, assets vs. participants
Compare Sheet Metal Workers Union Local 38 Profit Sharing Fund side-by-side with 3 peers →

Sheet Metal Workers Union Local 38 Profit Sharing Fund's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Agropur Inc. 401(k) Retirement Savings Plan in WI ($187M); by covered participants it is Wasatch Property Management 401(k) Plan in UT (951 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($187M here).

Similar participant headcount

Nearest other-state filings by covered participants (951 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sheet Metal Workers Union Local 38 Profit Sharing Fund assets move in 2022? ▼
Sheet Metal Workers Union Local 38 Profit Sharing Fund pulled back noticeably - down 10.5% during 2022, from $208M to $187M. Reported net income was -$22M.
How have Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's sponsor-wide assets grew 14.5%, from $187M to $214M.
Where does Sheet Metal Workers Union Local 38 Profit Sharing Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Union Local 38 Profit Sharing Fund ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Sheet Metal Workers Union Local 38 Profit Sharing Fund? ▼
Among 401(k) plans in other states, the closest by assets is Agropur Inc. 401(k) Retirement Savings Plan in WI ($187M, 2,165 participants).
Which 401(k) plans cover a similar participant headcount to Sheet Metal Workers Union Local 38 Profit Sharing Fund? ▼
Among 401(k) plans in other states, the closest by covered participants is Wasatch Property Management 401(k) Plan in UT (951 participants, $26M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 133319782.

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.