Defined Benefit (Pension) · DOL Form 5500 · 2023

Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension Pension Plan

Data updated 2026-08-11

$108M
Total assets: 353
Participants: 92nd
Percentile by assets: $305,376
Avg per participant

Official DOL plan name: Sheet Metal Workers Local 7, Zone 2 Pension Plan · Sponsored by Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension · Michigan · Construction

$108M in assets, 353 participants

Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension's Sheet Metal Workers Local 7, Zone 2 Pension Plan reported $108M in total assets and 353 participants in its 2023 DOL Form 5500 filing, ranking in the 92nd 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.

92nd percentile by assets (of 127,072 plans)
#8,140 in Construction (9,030 peers)

Where Sheet Metal Workers Local 7, Zone 2 Pension Plan sits by assets

Sheet Metal Workers Local 7, Zone 2 Pension Plan sits in the top 10% of all filed plans by assets, $108M for 353 participants (~$305,376/participant), up 14.4% in 2023.

$108M
total plan assets (2023 EOY): 353
covered participants: 92nd
percentile by assets (of 127,072 plans): $305,376
avg assets per participant

Sheet Metal Workers Local 7, Zone 2 Pension Plan reported net income rose from -$17M in the plan year 2022 filing to $14M in the plan year 2023 filing.
Sheet Metal Workers Local 7, Zone 2 Pension Plan end-of-year assets rose from $94M in the plan year 2022 filing to $108M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Michigan

Industry

Construction

Sheet Metal Workers Local 7, Zone 2 Pension Plan vs the 2023 asset distribution

By assets, Sheet Metal Workers Local 7, Zone 2 Pension Plan outranks 92% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$94M
Net Assets (End of Year)	$107M
Net Income	$14M
Employer EIN	381616942
Plan Effective Date	1966-01-31
Filing Status	FILING RECEIVED

Sponsor Plan History (Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension)

Total plan assets by year, all Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension plans on file

Year	Plans	Participants	Total Assets
2022	1	353	$94M
2023	1	353	$108M
2024	1	371	$121M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Sheet Metal Workers Local 7, Zone 2 Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants

General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
Ford Motor Company UAW Retirement Plan $19.3B · 26,442
Ford Motor Company General Retirement Plan $12.7B · 10,215
Dow Employees' Pension Plan $11.5B · 14,051
Fca US LLC UAW Pension Agreement $11.2B · 13,635

Compare Sheet Metal Workers Local 7, Zone 2 Pens… 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 7, Zone 2 Pension Plan by total assets, not by location.

Bsa-Ila Pension Plan (MA) $108M · 244
National Fire Protection Association Employees' Retirement Plan (MA) $108M · 164
Siltronic Corporation Pension Plan (OR) $108M · 160
The Methodist Hospitals, Inc. Retirement Plan (IN) $108M · 419

Frequently Asked Questions

How did Sheet Metal Workers Local 7, Zone 2 Pension Plan assets move in 2023? ▼

Sheet Metal Workers Local 7, Zone 2 Pension Plan grew at a solid clip - up 14.4% during 2023, from $94M to $108M. Reported net income was $14M.

How have Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension's sponsor-wide assets grew 28.9%, from $94M to $121M.

Where does Sheet Metal Workers Local 7, Zone 2 Pension Plan rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local 7, Zone 2 Pension Plan ranks in the 92nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local 7, Zone 2 Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Bsa-Ila Pension Plan in MA ($108M, 244 participants).

Next read for Sheet Metal Workers Local 7, Zone 2 Pens…

Scale reading

Ways to act on Sheet Metal Workers Local 7, Zone 2 Pension Plan's numbers.

By total assets, Sheet Metal Workers Local 7, Zone 2 Pension Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension's sponsor-wide assets have grown 28.9% 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 381616942.