Defined Benefit (Pension) · DOL Form 5500 · 2022
Sheet Metal Workers Pension Trust Pension Plan
Data updated 2026-08-11
- $1.4B
- Total assets
- 5,634
- Participants
- 99th
- Percentile by assets
- $251,052
- Avg per participant
Official DOL plan name: Sheet Metal Workers Pension Plan of Northern California · Sponsored by Sheet Metal Workers Pension Trust · California · Construction
$1.4B in assets, 5,634 participants
Sheet Metal Workers Pension Trust's Sheet Metal Workers Pension Plan of Northern California reported $1.4B in total assets and 5,634 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #9,860 in Construction (9,927 peers)
Coverage in California
Sheet Metal Workers Pension Plan of Northern California covers 5,634 participants in California, 8.9x the typical California plan (state average ~630 per filing). Assets: $1.4B.
- $1.4B
- total plan assets (2022 EOY)
- 5,634
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $251,052
- avg assets per participant
The plan reported a net loss of $205M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs California filers
In California, the average filing covers about 630 participants across 15,291 plans. Sheet Metal Workers Pension Plan of Northern California reports 5,634 participants - 8.9x that state average ($1.4B EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | -$205M |
| Employer EIN | 516115939 |
| Plan Effective Date | 1958-12-23 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sheet Metal Workers Pension Trust)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 5,634 | $1.4B |
| 2023 | 1 | 5,496 | $1.5B |
| 2024 | 1 | 5,468 | $1.6B |
Nearby Defined Benefit (Pension) Plans in California
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Sheet Metal Workers Pension Plan of Northern California vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
- Kaiser Permanente Retirement Plan $31.9B · 126,331
- Pacific Gas and Electric Company Retirement Plan $17.1B · 25,709
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $10.4B · 19,326
- Disney Salaried Pension Plan D $9.2B · 11,405
- Wells Fargo & Company Cash Balance Plan $8.8B · 59,141
Scale composition for Sheet Metal Workers Pension Plan of Northern California
Sheet Metal Workers Pension Plan of Northern California reports $1.4B in end-of-year assets across 5,634 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $251,052 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2022 was -$205M.
This plan identity (EIN 516115939, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.4B to $1.6B (+13.0%) while covered participants moved from 5,634 to 5,468 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,634 | $1.4B | This page |
| 2023 | 5,496 | $1.5B | Open filing |
| 2024 · index core | 5,468 | $1.6B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Sheet Metal Workers Pension Plan of Northern California (Defined Benefit (Pension), $1.6B, 5,468 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers Pension Plan of Northern California by total assets, not by location.
- S.E.I.U. National Industry Pension Fund (DC) $1.4B · 88,030
- Pension Plan for Employees of American Water Works Company, Inc. & Its Designated Subsidiaries (NJ) $1.4B · 1,707
- Felra & Ufcw Pension Plan (MD) $1.4B · N/A
- Kohler Co. Pension Plan (WI) $1.4B · 8,328
Frequently Asked Questions
How did Sheet Metal Workers Pension Plan of Northern California assets move in 2022? ▼
How have Sheet Metal Workers Pension Trust plan assets changed over time? ▼
Where does Sheet Metal Workers Pension Plan of Northern California rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Pension Plan of Northern California? ▼
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Filing takeaways
Ways to act on Sheet Metal Workers Pension Plan of Northern California's numbers.
- By total assets, Sheet Metal Workers Pension Plan of Northern California ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
- Sheet Metal Workers Pension Trust's sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Construction plans