Profit Sharing · DOL Form 5500 · 2022
Sheet Metal Workers Local No 58 Retirement Fund Profit Sharing Plan
Data updated 2026-08-11
- $12M
- Total assets
- 220
- Participants
- 68th
- Percentile by assets
- $53,674
- Avg per participant
Official DOL plan name: Sheet Metal Workers Local No 58 Retirement Plan · Sponsored by Sheet Metal Workers Local No 58 Retirement Fund · New York · Construction
$12M in assets, 220 participants
Sheet Metal Workers Local No 58 Retirement Fund's Sheet Metal Workers Local No 58 Retirement Plan reported $12M in total assets and 220 participants in its 2022 DOL Form 5500 filing, ranking in the 68th 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.
- 68th percentile by assets (of 139,126 plans)
- #6,747 in Construction (9,927 peers)
Coverage in New York
Sheet Metal Workers Local No 58 Retirement Plan covers 220 participants in New York, about 28% of the average New York filer (state average ~798 per filing). Assets: $12M.
- $12M
- total plan assets (2022 EOY)
- 220
- covered participants
- 68th
- percentile by assets (of 139,126 plans)
- $53,674
- avg assets per participant
The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. Sheet Metal Workers Local No 58 Retirement Plan reports 220 participants - about 28% of that state average ($12M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $12M |
| Net Income | -$3M |
| Employer EIN | 161188938 |
| Plan Effective Date | 1981-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sheet Metal Workers Local No 58 Retirement Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 220 | $12M |
| 2023 | 1 | 212 | $14M |
| 2024 | 1 | 212 | $14M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Sheet Metal Workers Local No 58 Retirement Plan vs. nearby Profit Sharing plans in New York, assets vs. participants
- Annuity Plan of the Electrical Industry $2.0B · 19,997
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.6B · 3,494
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.5B · 5,696
- The Research Foundation for Suny Retirement Plan $1.1B · 11,139
- Mason Tenders District Council Annuity Fund $837M · 11,072
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Sheet Metal Workers Local No 58 Retirement Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on Sheet Metal Workers Local No 58 Retirement Plan's numbers.
- By total assets, Sheet Metal Workers Local No 58 Retirement Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
- Sheet Metal Workers Local No 58 Retirement Fund's sponsor-wide assets have grown 21.5% since 2022 across 3 plan years on file. More Construction plans