401(k) · DOL Form 5500 · 2022

Trustees of Sheet Metal Local 10 Supplemental Retirement Fund 401(k) Plan

Data updated 2026-08-06

$463M
Total assets
4,781
Participants
98th
Percentile by assets
$96,904
Avg per participant
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Official DOL plan name: Sheet Metal Local 10 Supplemental Retirement Fund · Sponsored by Trustees of Sheet Metal Local 10 Supplemental Retirement Fund · Minnesota · Construction

$463M in assets, 4,781 participants

Trustees of Sheet Metal Local 10 Supplemental Retirement Fund's Sheet Metal Local 10 Supplemental Retirement Fund reported $463M in total assets and 4,781 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 139,258 plans)
  • #9,697 in Construction (9,938 peers)

Coverage in Minnesota

Sheet Metal Local 10 Supplemental Retirement Fund covers 4,781 participants in Minnesota, 4.1x the typical Minnesota plan (state average ~1,161 per filing). Assets: $463M.

$463M
total plan assets (2022 EOY)
4,781
covered participants
98th
percentile by assets (of 139,258 plans)
$96,904
avg assets per participant

The plan reported a net loss of $74M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State
Industry

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Sheet Metal Local 10 Supplemental Retirement Fund reports 4,781 participants - 4.1x that state average ($463M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)$537M
Net Assets (End of Year)$463M
Net Income-$74M
Employer EIN416162383
Plan Effective Date1973-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Sheet Metal Local 10 Supplemental Retirement Fund)

$450M$500M$550M$600M 202220232024 $463M $573M ▲ +23.6%
Total plan assets by year, all Trustees of Sheet Metal Local 10 Supplemental Retirement Fund plans on file
Year Plans Participants Total Assets
2022 1 4,781 $463M
2023 1 4,254 $520M
2024 1 4,277 $573M

Nearby 401(k) Plans in Minnesota

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

Sheet Metal Local 10 Supplemental Retirement Fund vs. nearby 401(k) plans in Minnesota, assets vs. participants

Sheet Metal Local 10 Supplemental Retirement Fund vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Sheet Metal Local 10…Unitedhealth Group 4…Medtronic Savings an…Target Corporation 4…3M Voluntary Investm…U.S. Bank 401(k) Sav…
Sheet Metal Local 10 Supplemental Retirement Fund vs. nearby 401(k) plans in Minnesota, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sheet Metal Local 10 Supplemental Retirement Fund by total assets, not by location.

Frequently Asked Questions

How did Sheet Metal Local 10 Supplemental Retirement Fund assets move in 2022?
Sheet Metal Local 10 Supplemental Retirement Fund pulled back noticeably - down 13.7% during 2022, from $537M to $463M. Reported net income was -$74M.
How have Trustees of Sheet Metal Local 10 Supplemental Retirement Fund plan assets changed over time?
Across 3 plan years on file (2022-2024), Trustees of Sheet Metal Local 10 Supplemental Retirement Fund's sponsor-wide assets grew 23.6%, from $463M to $573M.
Where does Sheet Metal Local 10 Supplemental Retirement Fund rank by assets among Form 5500 filers?
Sheet Metal Local 10 Supplemental Retirement Fund ranks in the 98th percentile by end-of-year assets among 139,258 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 Local 10 Supplemental Retirement Fund?
Among 401(k) plans in other states, the closest by assets is Msd Employee Stock Purchase & Savings Plan in NJ ($463M, 2,680 participants).

Next read for Sheet Metal Local 10 Supplemental Retire…

Filing takeaways

Ways to act on Sheet Metal Local 10 Supplemental Retirement Fund's numbers.

  • By total assets, Sheet Metal Local 10 Supplemental Retirement 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 Minnesota. Compare plans
  • Trustees of Sheet Metal Local 10 Supplemental Retirement Fund's sponsor-wide assets have grown 23.6% since 2022 across 3 plan years on file. More Construction plans