Defined Benefit (Pension) · DOL Form 5500 · 2022
Sheet Metal Workers Pension Trust Pension Plan
Data updated 2026-08-25
- $1.4B
- Total assets Very large vs avg
- 5,634
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $251,052
- Avg per participant Above avg balance/head
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.
- #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.
- #9,860
- in Construction (9,927 peers)
- -13.0%
- assets change YoY
- 14×
- vs typical plan assets (national mean)
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.
Sheet Metal Workers Pension Plan of Northern California's outsized position by total assets
Sheet Metal Workers Pension Plan of Northern California vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,414,428,131 Top 1% higher than 99% of 139,123 filed plans
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 Pension Plan of Northern California'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 Pension Plan of Northern California lands in the large band (5,634 participants).
Form 5500 schedule snapshot
Filing strip 516115939 · Sheet Metal Workers Pension Trust PY 2022 · Defined Benefit (Pension)
Sheet Metal Workers Pension Plan of Northern California · $1.4B · 5,634 · 99th
- 5500 $1.4B
- ASSETS 5,634
- PCT 99th
- EIN Defined Benefit (Pension)
- RANK near S.E.I.U. National Industry Pension Fund
- PHOTO ind #9860
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 California →
Sheet Metal Workers Pension Plan of Northern California in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Sheet Metal Workers Pension Trust plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.6B 12.950054017272652% vs 2022
- 2024 filing year
| 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.
- 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)
Sheet Metal Workers Pension Plan of Northern California's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside California, the nearest Defined Benefit (Pension) by assets is S.E.I.U. National Industry Pension Fund in DC ($1.4B); by covered participants it is Ball Corporation Pension Plan as It Applies to Certain Salaried Employees of Ball Aerospace & Technologies Corp. in CO (5,619 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.4B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (5,634 participants); asset peers above are excluded.
- Ball Corporation Pension Plan as It Applies to Certain Salaried Employees of Ball Aerospace & Technologies Corp. (CO) 5,619 · 15 off
- Carpenters Pension Trust Fund of Kansas City (MO) 5,650 · 16 off
- Carpenters Pension and Annuity Plan of Philadelphia and Vicinity (PA) 5,652 · 18 off
- Ameriprise Financial Retirement Plan (MN) 5,652 · 18 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.