401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$201M
Total assets Near avg plan size
1,090
Participants Near avg headcount
95th
Percentile by assets National rank
$184,606
Avg per participant Above avg balance/head
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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.

  • #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.

#8,470
in Construction (9,030 peers)
+7.9%
assets growth YoY
2.0×
vs typical plan assets (national mean)

Sheet Metal Workers Union Local 38 Profit Sharing Fund's outsized position by total assets

Sheet Metal Workers Union Local 38 Profit Sharing Fund vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$201,221,027 Top 5% higher than 95% of 127,068 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 2023

Sheet Metal Workers Union Local 38 Profit Sharing Fund's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers Union Local 38 Profit Sharing Fund lands in the large band (1,090 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

DOL schedule card

Filing strip 133319782 · Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd PY 2023 · 401(k)

Sheet Metal Workers Union Local 38 Profit Sharing Fund · $201M · 1,090 · 95th

  • BOY $201M
  • SCH 1,090
  • EBSA 95th
  • PART 401(k)
  • TYPE near Braskem Retirement Savings Plan
  • NET ind #8470

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 Union Local 38 Profit Sharing Fund in the asset neighbourhood

Best Western International, Inc. 401(k) Investment PlanBest Western International, …$201MBraskem Retirement Savings PlanBraskem Retirement Savings P…$201MSheet Metal Workers Union Local 38 Profit Sharing FundSheet Metal Workers Union Lo…$201MThe Esab Group, Inc. 401(k) Retirement Savings PlanThe Esab Group, Inc. 401(k) …$201MTranscore 401(k) Retirement PlanTranscore 401(k) Retirement …$201M
End-of-year total assets ($M) among Sheet Metal Workers Union Local 38 Profit Sharing Fund and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$187M
Net Assets (End of Year)$201M
Net Income$15M
Employer EIN133319782
Plan Effective Date1970-07-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd plans reported in each filing year

Latest sponsor-wide plan assets
$214M 14.487270903877922% vs 2022
2024 filing year
$180M$190M$200M$210M$220M 202220232024 $187M $214M ▲ +14.5%
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 Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Sheet Metal Workers Union Local 38 Profit Sharing Fund, Total assets ($B): 0.201221027 · Participants: 1090Sheet Metal Workers Union Local 38 Profit Sharing FundIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Sheet Metal Workers Union Local 38 Profit Sharing Fund vs. nearby 401(k) plans in New York, assets vs. participants
Compare Sheet Metal Workers Union Local 38 Profit Sharing Fund side-by-side with 3 peers →

Sheet Metal Workers Union Local 38 Profit Sharing Fund's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Braskem Retirement Savings Plan in PA ($201M); by covered participants it is California Resources Corporation Savings Plan in CA (1,090 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($201M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,090 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Sheet Metal Workers Union Local 38 Profit Sharing Fund? ▼
Among 401(k) plans in other states, the closest by covered participants is California Resources Corporation Savings Plan in CA (1,090 participants, $449M in assets).

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.

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.