Defined Benefit (Pension) · DOL Form 5500 · 2022

Sheet Metal Workers Local 224 Pension Fund Bd of Trustees Pension Plan

Data updated 2026-08-25

$63M
Total assets Below avg plan size
246
Participants Below avg headcount
90th
Percentile by assets National rank
$256,419
Avg per participant Above avg balance/head
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Official DOL plan name: Sheet Metal Workers Local 224 Pension Fund · Sponsored by Sheet Metal Workers Local 224 Pension Fund Bd of Trustees · Michigan · Construction

$63M in assets, 246 participants

Sheet Metal Workers Local 224 Pension Fund Bd of Trustees's Sheet Metal Workers Local 224 Pension Fund reported $63M in total assets and 246 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • #8,754 in Construction (9,927 peers)

Coverage in Michigan

Sheet Metal Workers Local 224 Pension Fund covers 246 participants in Michigan, about 39% of the average Michigan filer (state average ~638 per filing). Assets: $63M.

#8,754
in Construction (9,927 peers)
-16.6%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sheet Metal Workers Local 224 Pension Fund's outsized position by total assets

Sheet Metal Workers Local 224 Pension Fund vs every filed plan by assets

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

$63,079,135 Top 10% higher than 90% 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 224 Pension 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 Local 224 Pension Fund sits mid-pack in the medium band (246 participants).

Form 5500 schedule snapshot

Filing strip 316171353 · Sheet Metal Workers Local 224 Pension Fund Bd of Trustees PY 2022 · Defined Benefit (Pension)

Sheet Metal Workers Local 224 Pension Fund · $63M · 246 · 90th

  • BOOK $63M
  • VS-ST 246
  • BOY 90th
  • SCH Defined Benefit (Pension)
  • EBSA near Altec Industries, Inc. Associates' Pension Plan
  • PART ind #8754

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 224 Pension Fund in the asset neighbourhood

Retirement Plan of First County BankRetirement Plan of First Cou…$63MAcuity Brands, Inc. Legacy Pension PlanAcuity Brands, Inc. Legacy P…$63MSheet Metal Workers Local 224 Pension FundSheet Metal Workers Local 22…$63MAltec Industries, Inc. Associates' Pension PlanAltec Industries, Inc. Assoc…$63MAccuride Consolidated Employee Pension PlanAccuride Consolidated Employ…$63M
End-of-year total assets ($M) among Sheet Metal Workers Local 224 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$76M
Net Assets (End of Year)$62M
Net Income-$12M
Employer EIN316171353
Plan Effective Date1963-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Local 224 Pension Fund Bd of Trustees)

Sponsor-wide plan assets over time

All Sheet Metal Workers Local 224 Pension Fund Bd of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$76M 20.922989828570095% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $63.1M $76.3M ▲ +20.9%
Year Plans Participants Total Assets
2022 1 246 $63M
2023 1 270 $69M
2024 1 299 $76M

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 224 Pension Fund vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Sheet Metal Workers Local 224 Pension Fund, Total assets ($B): 0.063079135 · Participants: 246Sheet Metal Workers Local 224 Pension FundGeneral 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 224 Pension Fund vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Sheet Metal Workers Local 224 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers Local 224 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Altec Industries, Inc. Associates' Pension Plan in AL ($63M); by covered participants it is Tarkett Retirement Plan in OH (246 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (246 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 Local 224 Pension Fund assets move in 2022? ▼
Sheet Metal Workers Local 224 Pension Fund declined sharply - down 16.6% during 2022, from $76M to $63M. Reported net income was -$12M.
How have Sheet Metal Workers Local 224 Pension Fund Bd of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sheet Metal Workers Local 224 Pension Fund Bd of Trustees's sponsor-wide assets grew 20.9%, from $63M to $76M.
Where does Sheet Metal Workers Local 224 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local 224 Pension Fund ranks in the 90th 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 224 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Altec Industries, Inc. Associates' Pension Plan in AL ($63M, 743 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local 224 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Tarkett Retirement Plan in OH (246 participants, $55M 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 316171353.

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.