Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees of Smw Lu No. 28 Pension Fund Pension Plan

Data updated 2026-08-11

$299M
Total assets: 2,561
Participants: 97th
Percentile by assets: $116,926
Avg per participant

Official DOL plan name: Sheet Metal Workers Local Union No. 28 Pension Fund · Sponsored by Board of Trustees of Smw Lu No. 28 Pension Fund · New York · Construction

$299M in assets, 2,561 participants

Board of Trustees of Smw Lu No. 28 Pension Fund's Sheet Metal Workers Local Union No. 28 Pension Fund reported $299M in total assets and 2,561 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)
#9,558 in Construction (9,927 peers)

Coverage in New York

Sheet Metal Workers Local Union No. 28 Pension Fund covers 2,561 participants in New York, 3.2x the typical New York plan (state average ~798 per filing). Assets: $299M.

$299M
total plan assets (2022 EOY): 2,561
covered participants: 97th
percentile by assets (of 139,126 plans): $116,926
avg assets per participant

The plan reported a net loss of $34M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State

New York

Industry

Construction

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Sheet Metal Workers Local Union No. 28 Pension Fund reports 2,561 participants - 3.2x that state average ($299M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$334M
Net Assets (End of Year)	$299M
Net Income	-$34M
Employer EIN	112480671
Plan Effective Date	1979-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of Smw Lu No. 28 Pension Fund)

Total plan assets by year, all Board of Trustees of Smw Lu No. 28 Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	2,561	$299M
2023	1	2,252	$330M
2024	1	2,021	$364M

Nearby Defined Benefit (Pension) Plans in New York

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

Sheet Metal Workers Local Union No. 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants

IBM Personal Pension Plan $25.5B · 16,431
Consolidated Edison Retirement Plan $15.8B · 11,303
Pepsico Employees Retirement Plan I $7.7B · 11,386
New York State Nurses Association Pension Plan $5.0B · 18,592
New York District Council of Carpenters Pension Pl $4.8B · 11,318

Compare Sheet Metal Workers Local Union No. 28 P… 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 Union No. 28 Pension Fund by total assets, not by location.

Los Angeles Hotel-Restaurant Employer- Union Retirement Fund (CA) $300M · 9,650
Retirement Plan for Employees of Intermountain Power Service Corporation (UT) $301M · 342
Crawford & Company Retirement Plan (GA) $298M · 344
The Retirement Income Plan for Employees of the Colonial Williamsburg Foundation (VA) $302M · 1,108

Frequently Asked Questions

How did Sheet Metal Workers Local Union No. 28 Pension Fund assets move in 2022? ▼

Sheet Metal Workers Local Union No. 28 Pension Fund pulled back noticeably - down 10.3% during 2022, from $334M to $299M. Reported net income was -$34M.

How have Board of Trustees of Smw Lu No. 28 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Smw Lu No. 28 Pension Fund's sponsor-wide assets grew 21.6%, from $299M to $364M.

Where does Sheet Metal Workers Local Union No. 28 Pension Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local Union No. 28 Pension Fund ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local Union No. 28 Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Los Angeles Hotel-Restaurant Employer- Union Retirement Fund in CA ($300M, 9,650 participants).

Next read for Sheet Metal Workers Local Union No. 28 P…

Filing takeaways

Ways to act on Sheet Metal Workers Local Union No. 28 Pension Fund's numbers.

By total assets, Sheet Metal Workers Local Union No. 28 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 New York. Compare plans
Board of Trustees of Smw Lu No. 28 Pension Fund's sponsor-wide assets have grown 21.6% since 2022 across 3 plan years on file. More Construction 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 112480671.