401(k) · DOL Form 5500 · 2022
Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k) Plan
Data updated 2026-08-11
- $187M
- Total assets
- 951
- Participants
- 95th
- Percentile by assets
- $196,132
- Avg per participant
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.
- 95th percentile by assets (of 139,126 plans)
- #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.
- $187M
- total plan assets (2022 EOY)
- 951
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $196,132
- avg assets per participant
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.
Where Sheet Metal Workers Union Local 38 Profit Sharing Fund sits 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
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 vs the 2022 asset distribution
By assets, Sheet Metal Workers Union Local 38 Profit Sharing Fund outranks 95% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $208M |
|---|---|
| Net Assets (End of Year) | $186M |
| Net Income | -$22M |
| Employer EIN | 133319782 |
| Plan Effective Date | 1970-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd)
| 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
- IBM 401 (K) Plus Plan $53.4B · 56,376
- Morgan Stanley 401(k) Plan $16.4B · 42,924
- The Pepsico Savings Plan $12.1B · 129,846
- Deloitte 401(k) Plan $11.0B · 74,687
- The Goldman Sachs 401(k) Plan $9.7B · 22,650
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sheet Metal Workers Union Local 38 Profit Sharing Fund by total assets, not by location.
- Agropur Inc. 401(k) Retirement Savings Plan (WI) $187M · 2,165
- Butler Machinery Company Retirement Plan (ND) $187M · 827
- Altagas Services (U.S.) Inc. 401(k) Plan (MI) $186M · 651
- General Health System Retirement Plus Plan (LA) $187M · 3,015
Frequently Asked Questions
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Ways to act on Sheet Metal Workers Union Local 38 Profit Sharing Fund's numbers.
- By total assets, Sheet Metal Workers Union Local 38 Profit Sharing Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
- Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's sponsor-wide assets have grown 14.5% since 2022 across 3 plan years on file. More Construction plans