Defined Benefit (Pension) · DOL Form 5500 · 2022

Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan Pension Plan

Data updated 2026-08-25

$53M
Total assets Below avg plan size
315
Participants Below avg headcount
88th
Percentile by assets National rank
$167,841
Avg per participant Above avg balance/head
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Official DOL plan name: Sheet Metal Workers Local Union No 71 Pension Plan · Sponsored by Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan · New York · Construction

$53M in assets, 315 participants

Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan's Sheet Metal Workers Local Union No 71 Pension Plan reported $53M in total assets and 315 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.

  • #8,622 in Construction (9,927 peers)

Coverage in New York

Sheet Metal Workers Local Union No 71 Pension Plan covers 315 participants in New York, about 39% of the average New York filer (state average ~798 per filing). Assets: $53M.

#8,622
in Construction (9,927 peers)
-4.5%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $2M 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 71 Pension Plan's outsized position by total assets

Sheet Metal Workers Local Union No 71 Pension Plan vs every filed plan by assets

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

$52,869,959 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 Union No 71 Pension Plan 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 Union No 71 Pension Plan sits mid-pack in the medium band (315 participants).

Form 5500 schedule snapshot

Filing strip 166051585 · Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan PY 2022 · Defined Benefit (Pension)

Sheet Metal Workers Local Union No 71 Pension Plan · $53M · 315 · 88th

  • NET $53M
  • NET 315
  • NET 88th
  • NET Defined Benefit (Pension)
  • NET near Fresh Mark, Inc. Pension Plan
  • NET ind #8622

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 71 Pension Plan in the asset neighbourhood

Tuscaloosa Plumbers & Steamfitters Local 372 Pension PlanTuscaloosa Plumbers & Steamf…$53MUnited Stars, Inc. Pension PlanUnited Stars, Inc. Pension P…$53MFresh Mark, Inc. Pension Plan$53MSheet Metal Workers Local Union No 71 Pension PlanSheet Metal Workers Local Un…$53MPlumbers & Pipefitters Local 123 Pension FundPlumbers & Pipefitters Local…$53M
End-of-year total assets ($M) among Sheet Metal Workers Local Union No 71 Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$53M
Net Income-$2M
Employer EIN166051585
Plan Effective Date1963-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$64M 20.469874016736046% vs 2022
2024 filing year
$50M$55M$60M$65M 202220232024 $52.9M $63.7M ▲ +20.5%
Year Plans Participants Total Assets
2022 1 315 $53M
2023 1 313 $59M
2024 1 320 $64M

Nearby Defined Benefit (Pension) Plans in New York

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

Sheet Metal Workers Local Union No 71 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -100102030 Total assets ($B) Participants Sheet Metal Workers Local Union No 71 Pension Plan, Total assets ($B): 0.052869959 · Participants: 315Sheet Metal Workers Local Union No 71 Pension PlanIBM Personal Pension Plan, Total assets ($B): 25.511753238 · Participants: 16431IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 15.815266303 · Participants: 11303Consolidated Edison Retirement PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.656963 · Participants: 11386Pepsico Employees Retirement Plan INew York State Nurses Association Pension Plan, Total assets ($B): 5.019503014 · Participants: 18592New York State Nurses Association Pension PlanNew York District Council of Carpenters Pension Pl, Total assets ($B): 4.837058087 · Participants: 11318New York District Council of Carpenters Pension Pl
Sheet Metal Workers Local Union No 71 Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Sheet Metal Workers Local Union No 71 Pension Plan side-by-side with 3 peers →

Sheet Metal Workers Local Union No 71 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Fresh Mark, Inc. Pension Plan in OH ($53M); by covered participants it is Ithink Financial Credit Union Cash Balance Defined Benefit Plan and Trust in FL (314 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (315 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 71 Pension Plan assets move in 2022? ▼
Sheet Metal Workers Local Union No 71 Pension Plan edged down modestly - down 4.5% during 2022, from $55M to $53M. Reported net income was -$2M.
How have Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan's sponsor-wide assets grew 20.5%, from $53M to $64M.
Where does Sheet Metal Workers Local Union No 71 Pension Plan rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local Union No 71 Pension Plan 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 Union No 71 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Fresh Mark, Inc. Pension Plan in OH ($53M, 97 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local Union No 71 Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ithink Financial Credit Union Cash Balance Defined Benefit Plan and Trust in FL (314 participants, $46M 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 166051585.

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.