Defined Benefit (Pension) · DOL Form 5500 · 2022

Bd of Trustees Sheet Metal Workers' National Pension Fund Pension Plan

Data updated 2026-08-06

$7.2B
Total assets
61,068
Participants
100th
Percentile by assets
$117,168
Avg per participant
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Official DOL plan name: Sheet Metal Workers' National Pension Fund · Sponsored by Bd of Trustees Sheet Metal Workers' National Pension Fund · Virginia · Construction

$7.2B in assets, 61,068 participants

Bd of Trustees Sheet Metal Workers' National Pension Fund's Sheet Metal Workers' National Pension Fund reported $7.2B in total assets and 61,068 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.

  • 100th percentile by assets (of 139,258 plans)
  • #9,935 in Construction (9,938 peers)

Coverage in Virginia

Sheet Metal Workers' National Pension Fund covers 61,068 participants in Virginia, 78x the typical Virginia plan (state average ~781 per filing). Assets: $7.2B.

$7.2B
total plan assets (2022 EOY)
61,068
covered participants
100th
percentile by assets (of 139,258 plans)
$117,168
avg assets per participant

The plan reported a net loss of $824M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State
Industry

Participants vs Virginia filers

In Virginia, the average filing covers about 781 participants across 3,490 plans. Sheet Metal Workers' National Pension Fund reports 61,068 participants - 78x that state average ($7.2B EOY assets).

Virginia filing particulars

Total Assets (Beginning of Year)$8.0B
Net Assets (End of Year)$6.6B
Net Income-$824M
Employer EIN526112463
Plan Effective Date1966-05-16
Filing StatusFILING RECEIVED

Sponsor Plan History (Bd of Trustees Sheet Metal Workers' National Pension Fund)

$6B$7B$8B$9B$10B 202220232024 $7.16B $8.9B ▲ +24.3%
Total plan assets by year, all Bd of Trustees Sheet Metal Workers' National Pension Fund plans on file
Year Plans Participants Total Assets
2022 1 61,068 $7.2B
2023 1 61,272 $8.3B
2024 1 63,530 $8.9B

Nearby Defined Benefit (Pension) Plans in Virginia

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

Sheet Metal Workers' National Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants

Sheet Metal Workers' National Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 5101520 Total assets ($B) Participants Sheet Metal Workers'…Northrop Grumman Pen…Retirement Security …Ng Space&mission Sys…Dominion Energy Pens…United Association N…
Sheet Metal Workers' National Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants

Scale composition for Sheet Metal Workers' National Pension Fund

Sheet Metal Workers' National Pension Fund reports $7.2B in end-of-year assets across 61,068 participants (0.061% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.068% of 89,805,449 covered participants) - about $117,168 per participant (86% of the national average assets-per-participant) . Net income for plan year 2022 was -$824M.

This plan identity (EIN 526112463, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.2B to $8.9B (+24.4%) while covered participants moved from 61,068 to 63,530 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 61,068 $7.2B This page
2023 61,272 $8.3B Open filing
2024 · index core 63,530 $8.9B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers' National Pension Fund by total assets, not by location.

Frequently Asked Questions

How did Sheet Metal Workers' National Pension Fund assets move in 2022?
Sheet Metal Workers' National Pension Fund pulled back noticeably - down 10.7% during 2022, from $8.0B to $7.2B. Reported net income was -$824M.
How have Bd of Trustees Sheet Metal Workers' National Pension Fund plan assets changed over time?
Across 3 plan years on file (2022-2024), Bd of Trustees Sheet Metal Workers' National Pension Fund's sponsor-wide assets grew 24.4%, from $7.2B to $8.9B.
Where does Sheet Metal Workers' National Pension Fund rank by assets among Form 5500 filers?
Sheet Metal Workers' National Pension Fund ranks in the 100th percentile by end-of-year assets among 139,258 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers' National Pension Fund?
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cox Enterprises, Inc. Pension Plan in GA ($7.1B, 26,075 participants).

Next read for Sheet Metal Workers' National Pension Fu…

Filing takeaways

Ways to act on Sheet Metal Workers' National Pension Fund's numbers.

  • By total assets, Sheet Metal Workers' National Pension Fund 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 Virginia. Compare plans
  • Bd of Trustees Sheet Metal Workers' National Pension Fund's sponsor-wide assets have grown 24.4% since 2022 across 3 plan years on file. More Construction plans