Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees - Sheet Metal Workers Local 98 Pension Fund Pension Plan

Data updated 2026-08-25

$135M
Total assets Near avg plan size
662
Participants Below avg headcount
94th
Percentile by assets National rank
$203,976
Avg per participant Above avg balance/head
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Official DOL plan name: Sheet Metal Workers Local 98 Pension Fund · Sponsored by Board of Trustees - Sheet Metal Workers Local 98 Pension Fund · West Virginia · Manufacturing

$135M in assets, 662 participants

Board of Trustees - Sheet Metal Workers Local 98 Pension Fund's Sheet Metal Workers Local 98 Pension Fund reported $135M in total assets and 662 participants in its 2022 DOL Form 5500 filing, ranking in the 94th 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.

  • #18,750 in Manufacturing (20,602 peers)

Where Sheet Metal Workers Local 98 Pension Fund sits by assets

Sheet Metal Workers Local 98 Pension Fund sits in the top 10% of all filed plans by assets, $135M for 662 participants (~$203,976/participant), down 12.5% in 2022.

#18,750
in Manufacturing (20,602 peers)
-12.5%
assets change YoY
1.4×
vs typical plan assets (national mean)

The plan reported a net loss of $19M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sheet Metal Workers Local 98 Pension Fund's outsized position by total assets

Sheet Metal Workers Local 98 Pension Fund vs every filed plan by assets

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

$135,032,014 Top 6% higher than 94% 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 98 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 98 Pension Fund sits mid-pack in the medium band (662 participants).

Published 5500 schedule card

Filing strip 316171213 · Board of Trustees - Sheet Metal Workers Local 98 Pension Fund PY 2022 · Defined Benefit (Pension)

Sheet Metal Workers Local 98 Pension Fund · $135M · 662 · 94th

  • SCH $135M
  • SCH 662
  • SCH 94th
  • SCH Defined Benefit (Pension)
  • SCH near Cooley LLP Cash Balance Plan 2018
  • SCH ind #18750

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 Manufacturing retirement plans → · Plans in West Virginia →

Sheet Metal Workers Local 98 Pension Fund in the asset neighbourhood

Cmg Hourly Pension Plan$135MPlumbers & Steamfitters Local #137 Pension FundPlumbers & Steamfitters Loca…$135MCroda Inc. Retirement Plan$135MCooley LLP Cash Balance Plan 2018Cooley LLP Cash Balance Plan…$135MSheet Metal Workers Local 98 Pension FundSheet Metal Workers Local 98…$135M
End-of-year total assets ($M) among Sheet Metal Workers Local 98 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$154M
Net Assets (End of Year)$135M
Net Income-$19M
Employer EIN316171213
Plan Effective Date1964-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees - Sheet Metal Workers Local 98 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees - Sheet Metal Workers Local 98 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$169M 24.966132105531656% vs 2022
2024 filing year
$120M$140M$160M$180M 202220232024 $135M $169M ▲ +25.0%
Year Plans Participants Total Assets
2022 1 662 $135M
2023 1 658 $149M
2024 1 741 $169M

Nearby Defined Benefit (Pension) Plans in West Virginia

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

Sheet Metal Workers Local 98 Pension Fund vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants Scatter plot of 6 data points. 05001000150020002500 100200300400500600 Total assets ($M) Participants Sheet Metal Workers Local 98 Pension Fund, Total assets ($M): 135.032014 · Participants: 662Sheet Metal Workers Local 98 Pension FundWest Virginia Laborers Pension Trust Fund, Total assets ($M): 501.727963 · Participants: 2131West Virginia Laborers Pension Trust FundI.U.O.E. Local 132 Pension Fund, Total assets ($M): 492.255027 · Participants: 1691I.U.O.E. Local 132 Pension FundUnited Mine Workers of America 1985 Construction Workers Pension Plan, Total assets ($M): 431.832443 · Participants: 243United Mine Workers of America 1985 Construction Workers Pension PlanEmployer - Teamsters Local Nos 175&505 Pension Trust Fund, Total assets ($M): 386.103888 · Participants: 1435Employer - Teamsters Local Nos 175&505 Pension Trust FundCarpenters Pension Fund of West Virginia, Total assets ($M): 275.717491 · Participants: 1310Carpenters Pension Fund of West Virginia
Sheet Metal Workers Local 98 Pension Fund vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants
Compare Sheet Metal Workers Local 98 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers Local 98 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside West Virginia, the nearest Defined Benefit (Pension) by assets is Cooley LLP Cash Balance Plan 2018 in CA ($135M); by covered participants it is Laborers' Local No. 17 Pension Fund in NY (662 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($135M here).

Similar participant headcount

Nearest other-state filings by covered participants (662 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 98 Pension Fund assets move in 2022? ▼
Sheet Metal Workers Local 98 Pension Fund pulled back noticeably - down 12.5% during 2022, from $154M to $135M. Reported net income was -$19M.
How have Board of Trustees - Sheet Metal Workers Local 98 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees - Sheet Metal Workers Local 98 Pension Fund's sponsor-wide assets grew 25.0%, from $135M to $169M.
Where does Sheet Metal Workers Local 98 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local 98 Pension Fund ranks in the 94th 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 98 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cooley LLP Cash Balance Plan 2018 in CA ($135M, 318 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local 98 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Laborers' Local No. 17 Pension Fund in NY (662 participants, $112M 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 316171213.

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.