Defined Benefit (Pension) · DOL Form 5500 · 2022
Trustees of Sheet Metal Workers' Local 10 Pension Fund Pension Plan
Data updated 2026-08-11
- $322M
- Total assets
- 2,813
- Participants
- 97th
- Percentile by assets
- $114,396
- Avg per participant
Official DOL plan name: Sheet Metal Workers' Local 10 Pension Fund · Sponsored by Trustees of Sheet Metal Workers' Local 10 Pension Fund · Minnesota · Construction
$322M in assets, 2,813 participants
Trustees of Sheet Metal Workers' Local 10 Pension Fund's Sheet Metal Workers' Local 10 Pension Fund reported $322M in total assets and 2,813 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 139,126 plans)
- #9,583 in Construction (9,927 peers)
Coverage in Minnesota
Sheet Metal Workers' Local 10 Pension Fund covers 2,813 participants in Minnesota, 2.5x the typical Minnesota plan (state average ~1,126 per filing). Assets: $322M.
- $322M
- total plan assets (2022 EOY)
- 2,813
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $114,396
- avg assets per participant
The plan reported a net loss of $36M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Sheet Metal Workers' Local 10 Pension Fund reports 2,813 participants - 2.5x that state average ($322M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $358M |
|---|---|
| Net Assets (End of Year) | $322M |
| Net Income | -$36M |
| Employer EIN | 411562581 |
| Plan Effective Date | 1986-09-02 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Trustees of Sheet Metal Workers' Local 10 Pension Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 2,813 | $322M |
| 2023 | 1 | 2,612 | $366M |
| 2024 | 1 | 2,616 | $406M |
Nearby Defined Benefit (Pension) Plans in Minnesota
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Sheet Metal Workers' Local 10 Pension Fund vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
- 3M Employee Retirement Income Plan $14.0B · 12,160
- Mayo Pension Plan $10.3B · 66,434
- The Travelers Pension Plan $3.9B · 25,144
- U.S. Bank Pension Plan $3.7B · 55,836
- Target Corporation Pension Plan $3.3B · 50,515
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers' Local 10 Pension Fund by total assets, not by location.
- Oneok, Inc. Retirement Plan (OK) $322M · 274
- Sun Chemical Retirement Plan (NJ) $322M · 882
- The University of Chicago Pension Plan for Staff Employees (IL) $321M · 5,866
- Employers Mutual Casualty Company Retirement Plan (IA) $321M · 2,037
Frequently Asked Questions
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Filing takeaways
Ways to act on Sheet Metal Workers' Local 10 Pension Fund's numbers.
- By total assets, Sheet Metal Workers' Local 10 Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
- Trustees of Sheet Metal Workers' Local 10 Pension Fund's sponsor-wide assets have grown 26.2% since 2022 across 3 plan years on file. More Construction plans