Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund Pension Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
288
Participants Below avg headcount
88th
Percentile by assets National rank
$164,497
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sheet Metal Workers' Local No. 40 Pension Fund · Sponsored by Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund · Connecticut · Construction

$47M in assets, 288 participants

Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund's Sheet Metal Workers' Local No. 40 Pension Fund reported $47M in total assets and 288 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #8,526 in Construction (9,927 peers)

Coverage in Connecticut

Sheet Metal Workers' Local No. 40 Pension Fund covers 288 participants in Connecticut, about 40% of the average Connecticut filer (state average ~718 per filing). Assets: $47M.

#8,526
in Construction (9,927 peers)
-17.7%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sheet Metal Workers' Local No. 40 Pension Fund's outsized position by total assets

Sheet Metal Workers' Local No. 40 Pension Fund vs every filed plan by assets

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

$47,375,040 Top 12% higher than 88% 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 No. 40 Pension Fund among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers' Local No. 40 Pension Fund sits mid-pack in the medium band (288 participants).

Form 5500 schedule snapshot

Filing strip 066157817 · Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund PY 2022 · Defined Benefit (Pension)

Sheet Metal Workers' Local No. 40 Pension Fund · $47M · 288 · 88th

  • RANK $47M
  • PHOTO 288
  • IND 88th
  • EOY Defined Benefit (Pension)
  • 5500 near Whse Employees Union Local 169 and Employers Joint Pension Fund
  • ASSETS ind #8526

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 Connecticut →

Sheet Metal Workers' Local No. 40 Pension Fund in the asset neighbourhood

St. Lukes Cornwall Hospital Retirement PlanSt. Lukes Cornwall Hospital …$47MVillanova University Retirement Income PlanVillanova University Retirem…$47MSheet Metal Workers' Local No. 40 Pension FundSheet Metal Workers' Local N…$47MWhse Employees Union Local 169 and Employers Joint Pension FundWhse Employees Union Local 1…$47MService Federal Credit Union Retirement Pension PlanService Federal Credit Union…$47M
End-of-year total assets ($M) among Sheet Metal Workers' Local No. 40 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Connecticut filing particulars

Total Assets (Beginning of Year)$58M
Net Assets (End of Year)$47M
Net Income-$10M
Employer EIN066157817
Plan Effective Date1956-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$57M 20.08051497159686% vs 2022
2024 filing year
$45M$50M$55M$60M 202220232024 $47.4M $56.9M ▲ +20.1%
Year Plans Participants Total Assets
2022 1 288 $47M
2023 1 286 $52M
2024 1 300 $57M

Nearby Defined Benefit (Pension) Plans in Connecticut

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

Sheet Metal Workers' Local No. 40 Pension Fund vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Sheet Metal Workers' Local No. 40 Pension Fund, Total assets ($B): 0.04737504 · Participants: 288Sheet Metal Workers' Local No. 40 Pension FundGE Pension Plan, Total assets ($B): 45.011810846 · Participants: 24626GE Pension PlanRaytheon Company Pension Plan for Salaried Employees, Total assets ($B): 11.559983892 · Participants: 13495Raytheon Company Pension Plan for Salaried EmployeesThe Citigroup Pension Plan, Total assets ($B): 10.501575547 · Participants: 18484The Citigroup Pension PlanEversource Pension Plan, Total assets ($B): 5.933906102 · Participants: 4126Eversource Pension PlanRetirement Plan for Employees of Aetna Inc., Total assets ($B): 5.359687499 · Participants: 11471Retirement Plan for Employees of Aetna Inc.
Sheet Metal Workers' Local No. 40 Pension Fund vs. nearby Defined Benefit (Pension) plans in Connecticut, assets vs. participants
Compare Sheet Metal Workers' Local No. 40 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers' Local No. 40 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Connecticut, the nearest Defined Benefit (Pension) by assets is Whse Employees Union Local 169 and Employers Joint Pension Fund in PA ($47M); by covered participants it is U. a. Local No. 159 Defined Benefit Plan in CA (288 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (288 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 No. 40 Pension Fund assets move in 2022? ▼
Sheet Metal Workers' Local No. 40 Pension Fund declined sharply - down 17.7% during 2022, from $58M to $47M. Reported net income was -$10M.
How have Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund's sponsor-wide assets grew 20.1%, from $47M to $57M.
Where does Sheet Metal Workers' Local No. 40 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' Local No. 40 Pension Fund ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers' Local No. 40 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Whse Employees Union Local 169 and Employers Joint Pension Fund in PA ($47M, 352 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers' Local No. 40 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is U. a. Local No. 159 Defined Benefit Plan in CA (288 participants, $107M 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 066157817.

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.