Profit Sharing · DOL Form 5500 · 2023

Sheet Metal Workers Local No 58 Retirement Fund Profit Sharing Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
212
Participants Below avg headcount
65th
Percentile by assets National rank
$63,829
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sheet Metal Workers Local No 58 Retirement Plan · Sponsored by Sheet Metal Workers Local No 58 Retirement Fund · New York · Construction

$14M in assets, 212 participants

Sheet Metal Workers Local No 58 Retirement Fund's Sheet Metal Workers Local No 58 Retirement Plan reported $14M in total assets and 212 participants in its 2023 DOL Form 5500 filing, ranking in the 65th 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.

  • #5,746 in Construction (9,030 peers)

Coverage in New York

Sheet Metal Workers Local No 58 Retirement Plan covers 212 participants in New York, about 27% of the average New York filer (state average ~798 per filing). Assets: $14M.

#5,746
in Construction (9,030 peers)
+14.6%
assets growth YoY

Sheet Metal Workers Local No 58 Retirement Plan's mid-pack asset rank among Construction and all filers

Sheet Metal Workers Local No 58 Retirement Plan vs every filed plan by assets

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

$13,531,682 Top 35% higher than 65% 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 Local No 58 Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers Local No 58 Retirement Plan sits mid-pack in the medium band (212 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers Local No 58 Retirement Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Sheet Metal Workers Local No 58 Retirement Plan end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • Sheet Metal Workers Local No 58 Retirement Plan reported participants fell from 220 in the plan year 2022 filing to 212 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 161188938 · Sheet Metal Workers Local No 58 Retirement Fund PY 2023 · Profit Sharing

Sheet Metal Workers Local No 58 Retirement Plan · $14M · 212 · 65th

  • NET $14M
  • BOOK 212
  • VS-ST 65th
  • BOY Profit Sharing
  • SCH near 401(a) Profit-Sharing Plan for Employees of Evident Change
  • EBSA ind #5746

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 No 58 Retirement Plan in the asset neighbourhood

Community Action Partnership of Ramsey and Washington Counties Tax Sheltered Investment Program 403(b) PlanCommunity Action Partnership…$14MCabinet Peaks Medical Center Personal Retirement PlanCabinet Peaks Medical Center…$14MSheet Metal Workers Local No 58 Retirement PlanSheet Metal Workers Local No…$14M401(a) Profit-Sharing Plan for Employees of Evident Change401(a) Profit-Sharing Plan f…$14MThe Catherine Cook School 403(b) PlanThe Catherine Cook School 40…$14M
End-of-year total assets ($M) among Sheet Metal Workers Local No 58 Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN161188938
Plan Effective Date1981-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Local No 58 Retirement Fund)

Sponsor-wide plan assets over time

All Sheet Metal Workers Local No 58 Retirement Fund plans reported in each filing year

Latest sponsor-wide plan assets
$14M 21.489771640874277% vs 2022
2024 filing year
$11M$12M$13M$14M$15M 202220232024 $11.8M $14.4M ▲ +21.5%
Year Plans Participants Total Assets
2022 1 220 $12M
2023 1 212 $14M
2024 1 212 $14M

Nearby Profit Sharing Plans in New York

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Local No 58 Retirement Plan vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.522.5 Total assets ($B) Participants Sheet Metal Workers Local No 58 Retirement Plan, Total assets ($B): 0.013531682 · Participants: 212Sheet Metal Workers Local No 58 Retirement PlanAnnuity Plan of the Electrical Industry, Total assets ($B): 2.210433172 · Participants: 18907Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 1.870067356 · Participants: 3402Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.660408686 · Participants: 5807Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for Suny Retirement Plan, Total assets ($B): 1.177491602 · Participants: 10120The Research Foundation for Suny Retirement PlanMason Tenders District Council Annuity Fund, Total assets ($B): 0.912972009 · Participants: 11237Mason Tenders District Council Annuity Fund
Sheet Metal Workers Local No 58 Retirement Plan vs. nearby Profit Sharing plans in New York, assets vs. participants

Sheet Metal Workers Local No 58 Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is 401(a) Profit-Sharing Plan for Employees of Evident Change in CA ($14M); by covered participants it is John W. Mcdougall Co. , Inc. Profit Sharing and in TN (212 participants). Same-state nearby plans are listed separately above.

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 Local No 58 Retirement Plan assets move in 2023? ▼
Sheet Metal Workers Local No 58 Retirement Plan grew at a solid clip - up 14.6% during 2023, from $12M to $14M. Reported net income was $2M.
How have Sheet Metal Workers Local No 58 Retirement Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sheet Metal Workers Local No 58 Retirement Fund's sponsor-wide assets grew 21.5%, from $12M to $14M.
Which Profit Sharing plans are similar in size to Sheet Metal Workers Local No 58 Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is 401(a) Profit-Sharing Plan for Employees of Evident Change in CA ($14M, 101 participants).
Which Profit Sharing plans cover a similar participant headcount to Sheet Metal Workers Local No 58 Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is John W. Mcdougall Co. , Inc. Profit Sharing and in TN (212 participants, $11M in assets).