Defined Benefit (Pension) · DOL Form 5500 · 2023

Trustees of Sheet Metal Workers' Local 10 Pension Fund Pension Plan

Data updated 2026-08-25

$366M
Total assets Above avg plan size
2,612
Participants Above avg headcount
97th
Percentile by assets National rank
$140,100
Avg per participant Near avg balance/head
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Official DOL plan name: Sheet Metal Workers' Local 10 Pension Fund · Sponsored by Trustees of Sheet Metal Workers' Local 10 Pension Fund · Minnesota · Construction

$366M in assets, 2,612 participants

Trustees of Sheet Metal Workers' Local 10 Pension Fund's Sheet Metal Workers' Local 10 Pension Fund reported $366M in total assets and 2,612 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,679 in Construction (9,030 peers)

Coverage in Minnesota

Sheet Metal Workers' Local 10 Pension Fund covers 2,612 participants in Minnesota, 2.3x the typical Minnesota plan (state average ~1,126 per filing). Assets: $366M.

#8,679
in Construction (9,030 peers)
+13.7%
assets growth YoY
3.7×
vs typical plan assets (national mean)

Sheet Metal Workers' Local 10 Pension Fund's outsized position by total assets

Sheet Metal Workers' Local 10 Pension Fund vs every filed plan by assets

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

$365,941,226 Top 3% higher than 97% 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 10 Pension 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' Local 10 Pension Fund lands in the large band (2,612 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers' Local 10 Pension Fund reported net income rose from -$36M in the plan year 2022 filing to $44M in the plan year 2023 filing.
  • Sheet Metal Workers' Local 10 Pension Fund end-of-year assets rose from $322M in the plan year 2022 filing to $366M in the plan year 2023 filing.
  • Sheet Metal Workers' Local 10 Pension Fund reported participants fell from 2,813 in the plan year 2022 filing to 2,612 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 411562581 · Trustees of Sheet Metal Workers' Local 10 Pension Fund PY 2023 · Defined Benefit (Pension)

Sheet Metal Workers' Local 10 Pension Fund · $366M · 2,612 · 97th

  • BOOK $366M
  • VS-ST 2,612
  • BOY 97th
  • SCH Defined Benefit (Pension)
  • EBSA near Retirement Income Plan of Utica Mutual Insurance Company
  • PART ind #8679

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 Minnesota →

Sheet Metal Workers' Local 10 Pension Fund in the asset neighbourhood

Foot Locker Retirement Plan$367MRetirement Income Plan of Utica Mutual Insurance CompanyRetirement Income Plan of Ut…$367MSheet Metal Workers' Local 10 Pension FundSheet Metal Workers' Local 1…$366MRetirement Income Plan for the Employees of National Railroad Passenger CorporationRetirement Income Plan for t…$365MMunson Retirement Plan$365M
End-of-year total assets ($M) among Sheet Metal Workers' Local 10 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$322M
Net Assets (End of Year)$366M
Net Income$44M
Employer EIN411562581
Plan Effective Date1986-09-02
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Sheet Metal Workers' Local 10 Pension Fund)

Sponsor-wide plan assets over time

All Trustees of Sheet Metal Workers' Local 10 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$406M 26.187942155203135% vs 2022
2024 filing year
$300M$350M$400M$450M 202220232024 $322M $406M ▲ +26.2%
Year Plans Participants Total Assets
2022 1 2,813 $322M
2023 1 2,612 $366M
2024 1 2,616 $406M

Nearby Defined Benefit (Pension) Plans in Minnesota

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

Sheet Metal Workers' Local 10 Pension Fund vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Sheet Metal Workers' Local 10 Pension Fund, Total assets ($B): 0.365941226 · Participants: 2612Sheet Metal Workers' Local 10 Pension Fund3M Employee Retirement Income Plan, Total assets ($B): 14.281991028 · Participants: 106383M Employee Retirement Income PlanMayo Pension Plan, Total assets ($B): 11.032936702 · Participants: 69155Mayo Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.150985971 · Participants: 24884The Travelers Pension PlanGeneral Mills Pension Plan I, Total assets ($B): 3.991064596 · Participants: 383General Mills Pension Plan IU.S. Bank Pension Plan, Total assets ($B): 3.969502742 · Participants: 56287U.S. Bank Pension Plan
Sheet Metal Workers' Local 10 Pension Fund vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Sheet Metal Workers' Local 10 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers' Local 10 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Retirement Income Plan of Utica Mutual Insurance Company in NY ($367M); by covered participants it is Western PA Electrical Employees Pension Trust Fund in PA (2,603 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,612 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' Local 10 Pension Fund assets move in 2023? ▼
Sheet Metal Workers' Local 10 Pension Fund grew at a solid clip - up 13.7% during 2023, from $322M to $366M. Reported net income was $44M.
How have Trustees of Sheet Metal Workers' Local 10 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Sheet Metal Workers' Local 10 Pension Fund's sponsor-wide assets grew 26.2%, from $322M to $406M.
Where does Sheet Metal Workers' Local 10 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' Local 10 Pension Fund ranks in the 97th 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 Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers' Local 10 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Income Plan of Utica Mutual Insurance Company in NY ($367M, 275 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers' Local 10 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Western PA Electrical Employees Pension Trust Fund in PA (2,603 participants, $735M 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 411562581.

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.