Profit Sharing · DOL Form 5500 · 2022

Board of Trustees of Smw Lu No. 28 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$541M
Total assets Above avg plan size
3,871
Participants Above avg headcount
98th
Percentile by assets National rank
$139,858
Avg per participant Near avg balance/head
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Official DOL plan name: Sheet Metal Workers Local Union No. 28 Annuity Fund · Sponsored by Board of Trustees of Smw Lu No. 28 Annuity Fund · New York · Construction

$541M in assets, 3,871 participants

Board of Trustees of Smw Lu No. 28 Annuity Fund's Sheet Metal Workers Local Union No. 28 Annuity Fund reported $541M in total assets and 3,871 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.

  • #9,726 in Construction (9,927 peers)

Coverage in New York

Sheet Metal Workers Local Union No. 28 Annuity Fund covers 3,871 participants in New York, 4.9x the typical New York plan (state average ~798 per filing). Assets: $541M.

#9,726
in Construction (9,927 peers)
-11.6%
assets change YoY
5.4×
vs typical plan assets (national mean)

The plan reported a net loss of $71M 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 Annuity Fund's outsized position by total assets

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

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

$541,391,246 Top 2% higher than 98% 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 Annuity 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 Annuity Fund lands in the large band (3,871 participants).

Plan-year Form 5500 strip

Filing strip 133073165 · Board of Trustees of Smw Lu No. 28 Annuity Fund PY 2022 · Profit Sharing

Sheet Metal Workers Local Union No. 28 Annuity Fund · $541M · 3,871 · 98th

  • EIN $541M
  • EIN 3,871
  • EIN 98th
  • EIN Profit Sharing
  • EIN near Fairview Health Services Pension Plan
  • EIN ind #9726

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 Annuity Fund in the asset neighbourhood

Morgan, Lewis & Bockius LLP Defined Contribution PlanMorgan, Lewis & Bockius LLP …$558MLegacy Health Defined Contribution Retirement PlanLegacy Health Defined Contri…$557MFairview Health Services Pension PlanFairview Health Services Pen…$542MSheet Metal Workers Local Union No. 28 Annuity FundSheet Metal Workers Local Un…$541MSheet Metal Workers Local 17 Annuity Income FundSheet Metal Workers Local 17…$540M
End-of-year total assets ($M) among Sheet Metal Workers Local Union No. 28 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$612M
Net Assets (End of Year)$541M
Net Income-$71M
Employer EIN133073165
Plan Effective Date1981-03-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$590M 8.903713230708574% vs 2022
2024 filing year
$520M$540M$560M$580M$600M 202220232024 $541M $590M ▲ +8.9%
Year Plans Participants Total Assets
2022 1 3,871 $541M
2023 1 3,817 $571M
2024 1 3,756 $590M

Nearby Profit Sharing Plans in New York

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Local Union No. 28 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. 0500010000150002000025000 00.511.522.5 Total assets ($B) Participants Sheet Metal Workers Local Union No. 28 Annuity Fund, Total assets ($B): 0.541391246 · Participants: 3871Sheet Metal Workers Local Union No. 28 Annuity FundAnnuity Plan of the Electrical Industry, Total assets ($B): 1.982735962 · Participants: 19997Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 1.649838154 · Participants: 3494Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.458865603 · Participants: 5696Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for Suny Retirement Plan, Total assets ($B): 1.065250862 · Participants: 11139The Research Foundation for Suny Retirement PlanMason Tenders District Council Annuity Fund, Total assets ($B): 0.836936679 · Participants: 11072Mason Tenders District Council Annuity Fund
Sheet Metal Workers Local Union No. 28 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants
Compare Sheet Metal Workers Local Union No. 28 Annuity Fund side-by-side with 3 peers →

Sheet Metal Workers Local Union No. 28 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is Fairview Health Services Pension Plan in MN ($542M); by covered participants it is Operating Engineers Local No 37 Severance & Annuity Fund in MD (3,882 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,871 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 Annuity Fund assets move in 2022? ▼
Sheet Metal Workers Local Union No. 28 Annuity Fund pulled back noticeably - down 11.6% during 2022, from $612M to $541M. Reported net income was -$71M.
How have Board of Trustees of Smw Lu No. 28 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Smw Lu No. 28 Annuity Fund's sponsor-wide assets grew 8.9%, from $541M to $590M.
Where does Sheet Metal Workers Local Union No. 28 Annuity Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local Union No. 28 Annuity Fund ranks in the 98th 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 Profit Sharing plans are similar in size to Sheet Metal Workers Local Union No. 28 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Fairview Health Services Pension Plan in MN ($542M, 5,177 participants).
Which Profit Sharing plans cover a similar participant headcount to Sheet Metal Workers Local Union No. 28 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Operating Engineers Local No 37 Severance & Annuity Fund in MD (3,882 participants, $76M 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 133073165.

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.