Defined Benefit (Pension) · DOL Form 5500 · 2022

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

Data updated 2026-08-25

$299M
Total assets Above avg plan size
2,561
Participants Above avg headcount
97th
Percentile by assets National rank
$116,926
Avg per participant Below avg balance/head
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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.

  • #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.

#9,558
in Construction (9,927 peers)
-10.3%
assets change YoY
3.0×
vs typical plan assets (national mean)

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.

Sheet Metal Workers Local Union No. 28 Pension Fund's outsized position by total assets

Sheet Metal Workers Local Union No. 28 Pension Fund vs every filed plan by assets

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

$299,448,606 Top 3% higher than 97% 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 Union No. 28 Pension Fund'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 Union No. 28 Pension Fund lands in the large band (2,561 participants).

Published 5500 schedule card

Filing strip 112480671 · Board of Trustees of Smw Lu No. 28 Pension Fund PY 2022 · Defined Benefit (Pension)

Sheet Metal Workers Local Union No. 28 Pension Fund · $299M · 2,561 · 97th

  • VS-ST $299M
  • VS-ST 2,561
  • VS-ST 97th
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Los Angeles Hotel-Restaurant Employer- Union Retirement Fund
  • VS-ST ind #9558

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 New York →

Sheet Metal Workers Local Union No. 28 Pension Fund in the asset neighbourhood

The Retirement Income Plan for Employees of the Colonial Williamsburg FoundationThe Retirement Income Plan f…$302MRetirement Plan for Employees of Intermountain Power Service CorporationRetirement Plan for Employee…$301MLos Angeles Hotel-Restaurant Employer- Union Retirement FundLos Angeles Hotel-Restaurant…$300MSheet Metal Workers Local Union No. 28 Pension FundSheet Metal Workers Local Un…$299MCrawford & Company Retirement PlanCrawford & Company Retiremen…$298M
End-of-year total assets ($M) among Sheet Metal Workers Local Union No. 28 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$334M
Net Assets (End of Year)$299M
Net Income-$34M
Employer EIN112480671
Plan Effective Date1979-01-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Board of Trustees of Smw Lu No. 28 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$364M 21.64588971237355% vs 2022
2024 filing year
$280M$300M$320M$340M$360M$380M 202220232024 $299M $364M ▲ +21.6%
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 Scatter plot of 6 data points. 05000100001500020000 -100102030 Total assets ($B) Participants Sheet Metal Workers Local Union No. 28 Pension Fund, Total assets ($B): 0.299448606 · Participants: 2561Sheet Metal Workers Local Union No. 28 Pension FundIBM Personal Pension Plan, Total assets ($B): 25.511753238 · Participants: 16431IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 15.815266303 · Participants: 11303Consolidated Edison Retirement PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.656963 · Participants: 11386Pepsico Employees Retirement Plan INew York State Nurses Association Pension Plan, Total assets ($B): 5.019503014 · Participants: 18592New York State Nurses Association Pension PlanNew York District Council of Carpenters Pension Pl, Total assets ($B): 4.837058087 · Participants: 11318New York District Council of Carpenters Pension Pl
Sheet Metal Workers Local Union No. 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Sheet Metal Workers Local Union No. 28 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers Local Union No. 28 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Los Angeles Hotel-Restaurant Employer- Union Retirement Fund in CA ($300M); by covered participants it is Shands Healthcare Pension Plan II in FL (2,563 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,561 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local Union No. 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Shands Healthcare Pension Plan II in FL (2,563 participants, $997M 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 112480671.

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.