401(k) · DOL Form 5500 · 2023

Trustees of Sheet Metal Local 10 Supplemental Retirement Fund 401(k) Plan

Data updated 2026-08-11

$520M
Total assets: 4,254
Participants: 97th
Percentile by assets: $122,305
Avg per participant

Official DOL plan name: Sheet Metal Local 10 Supplemental Retirement Fund · Sponsored by Trustees of Sheet Metal Local 10 Supplemental Retirement Fund · Minnesota · Construction

$520M in assets, 4,254 participants

Trustees of Sheet Metal Local 10 Supplemental Retirement Fund's Sheet Metal Local 10 Supplemental Retirement Fund reported $520M in total assets and 4,254 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)
#8,781 in Construction (9,030 peers)

Coverage in Minnesota

Sheet Metal Local 10 Supplemental Retirement Fund covers 4,254 participants in Minnesota, 3.8x the typical Minnesota plan (state average ~1,126 per filing). Assets: $520M.

$520M
total plan assets (2023 EOY): 4,254
covered participants: 97th
percentile by assets (of 127,072 plans): $122,305
avg assets per participant

Sheet Metal Local 10 Supplemental Retirement Fund reported net income rose from -$74M in the plan year 2022 filing to $57M in the plan year 2023 filing.
Sheet Metal Local 10 Supplemental Retirement Fund end-of-year assets rose from $463M in the plan year 2022 filing to $520M in the plan year 2023 filing.
Sheet Metal Local 10 Supplemental Retirement Fund reported participants fell from 4,781 in the plan year 2022 filing to 4,254 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 Local 10 Supplemental Retirement Fund reports 4,254 participants - 3.8x that state average ($520M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$463M
Net Assets (End of Year)	$520M
Net Income	$57M
Employer EIN	416162383
Plan Effective Date	1973-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Trustees of Sheet Metal Local 10 Supplemental Retirement Fund)

Total plan assets by year, all Trustees of Sheet Metal Local 10 Supplemental Retirement Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	4,781	$463M
2023	1	4,254	$520M
2024	1	4,277	$573M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Sheet Metal Local 10 Supplemental Retirement Fund vs. nearby 401(k) plans in Minnesota, assets vs. participants

Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
Target Corporation 401(k) Plan $13.0B · 432,617
Medtronic Savings and Investment Plan $12.9B · 44,342
3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
U.S. Bank 401(k) Savings Plan $10.3B · 75,272

Compare Sheet Metal Local 10 Supplemental Retire… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sheet Metal Local 10 Supplemental Retirement Fund by total assets, not by location.

Targa Resources 401(k) and Profit Sharing Plan (TX) $520M · 2,724
Information Resources, Inc. 401(k) Retirement Savings Plan (IL) $520M · 2,307
Dakotas Areawide IBEW-NECA Savings and Retirement Plan (ND) $521M · 3,853
Sonic Healthcare USA Savings Plan (TX) $521M · 7,170

Frequently Asked Questions

How did Sheet Metal Local 10 Supplemental Retirement Fund assets move in 2023? ▼

Sheet Metal Local 10 Supplemental Retirement Fund grew at a solid clip - up 12.3% during 2023, from $463M to $520M. Reported net income was $57M.

How have Trustees of Sheet Metal Local 10 Supplemental Retirement Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of Sheet Metal Local 10 Supplemental Retirement Fund's sponsor-wide assets grew 23.6%, from $463M to $573M.

Where does Sheet Metal Local 10 Supplemental Retirement Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Local 10 Supplemental Retirement 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 401(k) plans are similar in size to Sheet Metal Local 10 Supplemental Retirement Fund? ▼

Among 401(k) plans in other states, the closest by assets is Targa Resources 401(k) and Profit Sharing Plan in TX ($520M, 2,724 participants).

Next read for Sheet Metal Local 10 Supplemental Retire…

Filing takeaways

Ways to act on Sheet Metal Local 10 Supplemental Retirement Fund's numbers.

By total assets, Sheet Metal Local 10 Supplemental Retirement Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Trustees of Sheet Metal Local 10 Supplemental Retirement Fund's sponsor-wide assets have grown 23.6% 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 416162383.