Defined Benefit (Pension) · DOL Form 5500 · 2023

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

Data updated 2026-08-11

$366M
Total assets: 2,612
Participants: 97th
Percentile by assets: $140,100
Avg per participant

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.

97th percentile by assets (of 127,072 plans)
#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.

$366M
total plan assets (2023 EOY): 2,612
covered participants: 97th
percentile by assets (of 127,072 plans): $140,100
avg assets per participant

Where Sheet Metal Workers' Local 10 Pension Fund sits 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

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 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 →

State

Minnesota

Industry

Construction

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Sheet Metal Workers' Local 10 Pension Fund reports 2,612 participants - 2.3x that state average ($366M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$322M
Net Assets (End of Year)	$366M
Net Income	$44M
Employer EIN	411562581
Plan Effective Date	1986-09-02
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Trustees of Sheet Metal Workers' Local 10 Pension Fund plans on file

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

3M Employee Retirement Income Plan $14.3B · 10,638
Mayo Pension Plan $11.0B · 69,155
The Travelers Pension Plan $4.2B · 24,884
General Mills Pension Plan I $4.0B · 383
U.S. Bank Pension Plan $4.0B · 56,287

Compare Sheet Metal Workers' Local 10 Pension Fu… 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 10 Pension Fund by total assets, not by location.

Retirement Income Plan of Utica Mutual Insurance Company (NY) $367M · 275
Retirement Income Plan for the Employees of National Railroad Passenger Corporation (DC) $365M · 1,125
Munson Retirement Plan (MI) $365M · 924
Foot Locker Retirement Plan (NY) $367M · 4,423

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).

Next read for Sheet Metal Workers' Local 10 Pension Fu…

Filing takeaways

Ways to act on Sheet Metal Workers' Local 10 Pension Fund's numbers.

By total assets, Sheet Metal Workers' Local 10 Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
Trustees of Sheet Metal Workers' Local 10 Pension Fund's sponsor-wide assets have grown 26.2% 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 411562581.