Defined Benefit (Pension) · DOL Form 5500 · 2022

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

Data updated 2026-08-11

$135M
Total assets
662
Participants
94th
Percentile by assets
$203,976
Avg per participant
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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.

  • 94th percentile by assets (of 139,126 plans)
  • #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.

$135M
total plan assets (2022 EOY)
662
covered participants
94th
percentile by assets (of 139,126 plans)
$203,976
avg assets per participant

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.

Where Sheet Metal Workers Local 98 Pension Fund sits 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 $2,010,000,000 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

State
West Virginia
Industry
Manufacturing

Sheet Metal Workers Local 98 Pension Fund vs the 2022 asset distribution

By assets, Sheet Metal Workers Local 98 Pension Fund outranks 94% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.4x the national average plan size of $100M (721 average participants).

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)

$120M$140M$160M$180M 202220232024 $135M $169M ▲ +25.0%
Total plan assets by year, all Board of Trustees - Sheet Metal Workers Local 98 Pension Fund plans on file
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 ($M) Participants Sheet Metal Workers …, Total assets ($M): 135.032014 · Participants: 662Sheet Metal Workers …West Virginia Labore…, Total assets ($M): 501.727963 · Participants: 2131West Virginia Labore…I.U.O.E. Local 132 P…, Total assets ($M): 492.255027 · Participants: 1691I.U.O.E. Local 132 P…United Mine Workers …, Total assets ($M): 431.832443 · Participants: 243United Mine Workers …Employer - Teamsters…, Total assets ($M): 386.103888 · Participants: 1435Employer - Teamsters…Carpenters Pension F…, Total assets ($M): 275.717491 · Participants: 1310Carpenters Pension F…
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 Fun… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers Local 98 Pension Fund by total assets, not by location.

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).

Next read for Sheet Metal Workers Local 98 Pension Fun…

Scale reading

Ways to act on Sheet Metal Workers Local 98 Pension Fund's numbers.

  • By total assets, Sheet Metal Workers Local 98 Pension Fund ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in West Virginia. Compare plans
  • Board of Trustees - Sheet Metal Workers Local 98 Pension Fund's sponsor-wide assets have grown 25.0% since 2022 across 3 plan years on file. More Manufacturing plans

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.