Defined Benefit (Pension) · DOL Form 5500 · 2022

Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension Pension Plan

Data updated 2026-08-25

$94M
Total assets Below avg plan size
353
Participants Below avg headcount
92nd
Percentile by assets National rank
$267,032
Avg per participant High balance/head
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Official DOL plan name: Sheet Metal Workers Local 7, Zone 2 Pension Plan · Sponsored by Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension · Michigan · Construction

$94M in assets, 353 participants

Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension's Sheet Metal Workers Local 7, Zone 2 Pension Plan reported $94M in total assets and 353 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #9,046 in Construction (9,927 peers)

Where Sheet Metal Workers Local 7, Zone 2 Pension Plan sits by assets

Sheet Metal Workers Local 7, Zone 2 Pension Plan sits in the top 10% of all filed plans by assets, $94M for 353 participants (~$267,032/participant), down 15.3% in 2022.

#9,046
in Construction (9,927 peers)
-15.3%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $17M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sheet Metal Workers Local 7, Zone 2 Pension Plan's outsized position by total assets

Sheet Metal Workers Local 7, Zone 2 Pension Plan vs every filed plan by assets

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

$94,262,190 Top 8% higher than 92% 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 Local 7, Zone 2 Pension Plan 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 Local 7, Zone 2 Pension Plan sits mid-pack in the medium band (353 participants).

Plan-year Form 5500 strip

Filing strip 381616942 · Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension PY 2022 · Defined Benefit (Pension)

Sheet Metal Workers Local 7, Zone 2 Pension Plan · $94M · 353 · 92nd

  • NET $94M
  • NET 353
  • NET 92nd
  • NET Defined Benefit (Pension)
  • NET near The Southern Connecticut Gas Company Pension Plan for Union Employees
  • NET ind #9046

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 Michigan →

Sheet Metal Workers Local 7, Zone 2 Pension Plan in the asset neighbourhood

Sheet Metal Workers Local 7, Zone 2 Pension PlanSheet Metal Workers Local 7,…$94MThe Southern Connecticut Gas Company Pension Plan for Union EmployeesThe Southern Connecticut Gas…$94MCh2m Hill Omi Retirement Plan$94MTotalenergies Finance USA, Inc. Cash Balance Pension PlanTotalenergies Finance USA, I…$94MRetirement Income Plan for the Employees of DannonRetirement Income Plan for t…$94M
End-of-year total assets ($M) among Sheet Metal Workers Local 7, Zone 2 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$111M
Net Assets (End of Year)$93M
Net Income-$17M
Employer EIN381616942
Plan Effective Date1966-01-31
Filing StatusFILING RECEIVED

Sponsor Plan History (Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension)

Sponsor-wide plan assets over time

All Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension plans reported in each filing year

Latest sponsor-wide plan assets
$121M 28.88639124552485% vs 2022
2024 filing year
$90M$100M$110M$120M$130M 202220232024 $94.3M $121M ▲ +28.9%
Year Plans Participants Total Assets
2022 1 353 $94M
2023 1 353 $108M
2024 1 371 $121M

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Local 7, Zone 2 Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Sheet Metal Workers Local 7, Zone 2 Pension Plan, Total assets ($B): 0.09426219 · Participants: 353Sheet Metal Workers Local 7, Zone 2 Pension PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 40.23255743 · Participants: 18766General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.279653433 · Participants: 27567Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 13.42905347 · Participants: 11760Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 13.018181682 · Participants: 13759Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 8.553889919 · Participants: 14563Fca US LLC UAW Pension Agreement
Sheet Metal Workers Local 7, Zone 2 Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Sheet Metal Workers Local 7, Zone 2 Pension Plan side-by-side with 3 peers →

Sheet Metal Workers Local 7, Zone 2 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is The Southern Connecticut Gas Company Pension Plan for Union Employees in CT ($94M); by covered participants it is Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences in CA (353 participants). Same-state nearby plans are listed separately above.

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 Local 7, Zone 2 Pension Plan assets move in 2022? ▼
Sheet Metal Workers Local 7, Zone 2 Pension Plan declined sharply - down 15.3% during 2022, from $111M to $94M. Reported net income was -$17M.
How have Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension's sponsor-wide assets grew 28.9%, from $94M to $121M.
Where does Sheet Metal Workers Local 7, Zone 2 Pension Plan rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local 7, Zone 2 Pension Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local 7, Zone 2 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Southern Connecticut Gas Company Pension Plan for Union Employees in CT ($94M, 94 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local 7, Zone 2 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences in CA (353 participants, $33M 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 381616942.

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.