401(k) · DOL Form 5500 · 2023

Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k) Plan

Data updated 2026-08-11

$201M
Total assets: 1,090
Participants: 95th
Percentile by assets: $184,606
Avg per participant

Official DOL plan name: Sheet Metal Workers Union Local 38 Profit Sharing Fund · Sponsored by Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd · New York · Construction

$201M in assets, 1,090 participants

Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's Sheet Metal Workers Union Local 38 Profit Sharing Fund reported $201M in total assets and 1,090 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 127,072 plans)
#8,470 in Construction (9,030 peers)

Where Sheet Metal Workers Union Local 38 Profit Sharing Fund sits by assets

Sheet Metal Workers Union Local 38 Profit Sharing Fund sits in the top 5% of all filed plans by assets, $201M for 1,090 participants (~$184,606/participant), up 7.9% in 2023.

$201M
total plan assets (2023 EOY): 1,090
covered participants: 95th
percentile by assets (of 127,072 plans): $184,606
avg assets per participant

Sheet Metal Workers Union Local 38 Profit Sharing Fund reported net income rose from -$22M in the plan year 2022 filing to $15M in the plan year 2023 filing.
Sheet Metal Workers Union Local 38 Profit Sharing Fund reported participants rose from 951 in the plan year 2022 filing to 1,090 in the plan year 2023 filing.
Sheet Metal Workers Union Local 38 Profit Sharing Fund end-of-year assets rose from $187M in the plan year 2022 filing to $201M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New York

Industry

Construction

Sheet Metal Workers Union Local 38 Profit Sharing Fund vs the 2023 asset distribution

By assets, Sheet Metal Workers Union Local 38 Profit Sharing Fund outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.0x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$187M
Net Assets (End of Year)	$201M
Net Income	$15M
Employer EIN	133319782
Plan Effective Date	1970-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd)

Total plan assets by year, all Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd plans on file

Year	Plans	Participants	Total Assets
2022	1	951	$187M
2023	1	1,090	$201M
2024	1	1,243	$214M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Union Local 38 Profit Sharing Fund vs. nearby 401(k) plans in New York, assets vs. participants

IBM 401 (K) Plus Plan $57.4B · 54,912
Pfizer Savings Plan $19.6B · 30,033
Morgan Stanley 401(k) Plan $19.2B · 55,363
The Pepsico Savings Plan $13.7B · 133,597
The Goldman Sachs 401(k) Plan $11.4B · 24,866

Compare Sheet Metal Workers Union Local 38 Profi… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sheet Metal Workers Union Local 38 Profit Sharing Fund by total assets, not by location.

Braskem Retirement Savings Plan (PA) $201M · 776
The Esab Group, Inc. 401(k) Retirement Savings Plan (MD) $201M · 1,034
Transcore 401(k) Retirement Plan (TN) $201M · 1,860
Best Western International, Inc. 401(k) Investment Plan (AZ) $201M · 1,396

Frequently Asked Questions

How did Sheet Metal Workers Union Local 38 Profit Sharing Fund assets move in 2023? ▼

Sheet Metal Workers Union Local 38 Profit Sharing Fund grew at a solid clip - up 7.9% during 2023, from $187M to $201M. Reported net income was $15M.

How have Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's sponsor-wide assets grew 14.5%, from $187M to $214M.

Where does Sheet Metal Workers Union Local 38 Profit Sharing Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Union Local 38 Profit Sharing Fund ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Sheet Metal Workers Union Local 38 Profit Sharing Fund? ▼

Among 401(k) plans in other states, the closest by assets is Braskem Retirement Savings Plan in PA ($201M, 776 participants).

Next read for Sheet Metal Workers Union Local 38 Profi…

Scale reading

Ways to act on Sheet Metal Workers Union Local 38 Profit Sharing Fund's numbers.

By total assets, Sheet Metal Workers Union Local 38 Profit Sharing Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's sponsor-wide assets have grown 14.5% 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 133319782.