401(k) · DOL Form 5500 · 2022

Board of Trustees 401(k) Plan

Data updated 2026-08-25

$60M
Total assets Below avg plan size
2,673
Participants Above avg headcount
89th
Percentile by assets National rank
$22,408
Avg per participant Low balance/head
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Official DOL plan name: Sheet Metal Workers' Local 88 401(k) Plan · Sponsored by Board of Trustees · Nevada · Construction

$60M in assets, 2,673 participants

Board of Trustees's Sheet Metal Workers' Local 88 401(k) Plan reported $60M in total assets and 2,673 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.

  • #8,705 in Construction (9,927 peers)

Coverage in Nevada

Sheet Metal Workers' Local 88 401(k) Plan covers 2,673 participants in Nevada, 4.2x the typical Nevada plan (state average ~636 per filing). Assets: $60M.

#8,705
in Construction (9,927 peers)
-13.1%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sheet Metal Workers' Local 88 401(k) Plan's outsized position by total assets

Sheet Metal Workers' Local 88 401(k) Plan vs every filed plan by assets

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

$59,895,415 Top 11% higher than 89% 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 88 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers' Local 88 401(k) Plan lands in the large band (2,673 participants).

Plan-year Form 5500 strip

Filing strip 880288318 · Board of Trustees PY 2022 · 401(k)

Sheet Metal Workers' Local 88 401(k) Plan · $60M · 2,673 · 89th

  • SCH $60M
  • SCH 2,673
  • SCH 89th
  • SCH 401(k)
  • SCH near Washington Education Association Staff 401(k) Plan
  • SCH ind #8705

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 Nevada →

Sheet Metal Workers' Local 88 401(k) Plan in the asset neighbourhood

Singerlewak LLP 401(k) Profit Sharing PlanSingerlewak LLP 401(k) Profi…$60MWashington Education Association Staff 401(k) PlanWashington Education Associa…$60MSheet Metal Workers' Local 88 401(k) PlanSheet Metal Workers' Local 8…$60MCore Medical Management 401(k) PlanCore Medical Management 401(…$60MSypris Solutions 401(k) Merged Retirement Savings PlanSypris Solutions 401(k) Merg…$60M
End-of-year total assets ($M) among Sheet Metal Workers' Local 88 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Nevada filing particulars

Total Assets (Beginning of Year)$69M
Net Assets (End of Year)$60M
Net Income-$9M
Employer EIN880288318
Plan Effective Date1992-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees)

Sponsor-wide plan assets over time

All Board of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$80M 33.768893662394696% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $59.9M $80.1M ▲ +33.8%
Year Plans Participants Total Assets
2022 1 2,673 $60M
2023 1 825 $72M
2024 1 846 $80M

Nearby 401(k) Plans in Nevada

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

Sheet Metal Workers' Local 88 401(k) Plan vs. nearby 401(k) plans in Nevada, assets vs. participants Scatter plot of 6 data points. 01000020000300004000050000 -0.500.511.52 Total assets ($B) Participants Sheet Metal Workers' Local 88 401(k) Plan, Total assets ($B): 0.059895415 · Participants: 2673Sheet Metal Workers' Local 88 401(k) PlanThe Mgm Resorts 401(k) Savings Plan, Total assets ($B): 1.74979961 · Participants: 29398The Mgm Resorts 401(k) Savings PlanCaesars Entertainment, Inc 401(k) Plan, Total assets ($B): 1.681748272 · Participants: 41227Caesars Entertainment, Inc 401(k) PlanBarrick Retirement Plan, Total assets ($B): 1.028962022 · Participants: 6733Barrick Retirement PlanSierra Nevada Corporation 401(k) Profit Sharing Plan, Total assets ($B): 0.879465087 · Participants: 4612Sierra Nevada Corporation 401(k) Profit Sharing PlanNv Energy 401(k) Plan, Total assets ($B): 0.876777296 · Participants: 2308Nv Energy 401(k) Plan
Sheet Metal Workers' Local 88 401(k) Plan vs. nearby 401(k) plans in Nevada, assets vs. participants
Compare Sheet Metal Workers' Local 88 401(k) Plan side-by-side with 3 peers →

Sheet Metal Workers' Local 88 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Nevada, the nearest 401(k) by assets is Washington Education Association Staff 401(k) Plan in WA ($60M); by covered participants it is Resmed U S 401(k) Plan in CA (2,673 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,673 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 88 401(k) Plan assets move in 2022? ▼
Sheet Metal Workers' Local 88 401(k) Plan pulled back noticeably - down 13.1% during 2022, from $69M to $60M. Reported net income was -$9M.
How have Board of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees's sponsor-wide assets grew 33.8%, from $60M to $80M.
Where does Sheet Metal Workers' Local 88 401(k) Plan rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' Local 88 401(k) Plan ranks in the 89th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sheet Metal Workers' Local 88 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Washington Education Association Staff 401(k) Plan in WA ($60M, 183 participants).
Which 401(k) plans cover a similar participant headcount to Sheet Metal Workers' Local 88 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Resmed U S 401(k) Plan in CA (2,673 participants, $278M 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 880288318.

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.