Defined Benefit (Pension) · DOL Form 5500 · 2022

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

Data updated 2026-08-11

$53M
Total assets
315
Participants
88th
Percentile by assets
$167,841
Avg per participant
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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.

  • 88th percentile by assets (of 139,126 plans)
  • #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.

$53M
total plan assets (2022 EOY)
315
covered participants
88th
percentile by assets (of 139,126 plans)
$167,841
avg assets per participant

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.

Where Sheet Metal Workers Local Union No 71 Pension Plan sits 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 $2,010,000,000 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

State
New York
Industry
Construction

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Sheet Metal Workers Local Union No 71 Pension Plan reports 315 participants - about 39% of that state average ($53M EOY assets).

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)

$50M$55M$60M$65M 202220232024 $52.9M $63.7M ▲ +20.5%
Total plan assets by year, all Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan plans on file
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 ($B) Participants Sheet Metal Workers …, Total assets ($B): 0.052869959 · Participants: 315Sheet Metal Workers …IBM Personal Pension…, Total assets ($B): 25.511753238 · Participants: 16431IBM Personal Pension…Consolidated Edison …, Total assets ($B): 15.815266303 · Participants: 11303Consolidated Edison …Pepsico Employees Re…, Total assets ($B): 7.656963 · Participants: 11386Pepsico Employees Re…New York State Nurse…, Total assets ($B): 5.019503014 · Participants: 18592New York State Nurse…New York District Co…, Total assets ($B): 4.837058087 · Participants: 11318New York District Co…
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 Pe… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers Local Union No 71 Pension Plan by total assets, not by location.

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).

Next read for Sheet Metal Workers Local Union No 71 Pe…

Filing takeaways

Ways to act on Sheet Metal Workers Local Union No 71 Pension Plan's numbers.

  • By total assets, Sheet Metal Workers Local Union No 71 Pension Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
  • Board of Trustees Sheet Metal Workers Local No. 71 Pension Plan's sponsor-wide assets have grown 20.5% since 2022 across 3 plan years on file. More Construction plans

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.