Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees of Smw Lu No. 28 Pension Fund Pension Plan

Data updated 2026-08-25

$330M
Total assets Above avg plan size
2,252
Participants Above avg headcount
96th
Percentile by assets National rank
$146,658
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sheet Metal Workers Local Union No. 28 Pension Fund · Sponsored by Board of Trustees of Smw Lu No. 28 Pension Fund · New York · Construction

$330M in assets, 2,252 participants

Board of Trustees of Smw Lu No. 28 Pension Fund's Sheet Metal Workers Local Union No. 28 Pension Fund reported $330M in total assets and 2,252 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,653 in Construction (9,030 peers)

Coverage in New York

Sheet Metal Workers Local Union No. 28 Pension Fund covers 2,252 participants in New York, 2.8x the typical New York plan (state average ~798 per filing). Assets: $330M.

#8,653
in Construction (9,030 peers)
+10.3%
assets growth YoY
3.3×
vs typical plan assets (national mean)

Sheet Metal Workers Local Union No. 28 Pension Fund's outsized position by total assets

Sheet Metal Workers Local Union No. 28 Pension Fund vs every filed plan by assets

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

$330,273,836 Top 4% higher than 96% 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 Union No. 28 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 Union No. 28 Pension Fund lands in the large band (2,252 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers Local Union No. 28 Pension Fund reported net income rose from -$34M in the plan year 2022 filing to $31M in the plan year 2023 filing.
  • Sheet Metal Workers Local Union No. 28 Pension Fund reported participants fell from 2,561 in the plan year 2022 filing to 2,252 in the plan year 2023 filing.
  • Sheet Metal Workers Local Union No. 28 Pension Fund end-of-year assets rose from $299M in the plan year 2022 filing to $330M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 112480671 · Board of Trustees of Smw Lu No. 28 Pension Fund PY 2023 · Defined Benefit (Pension)

Sheet Metal Workers Local Union No. 28 Pension Fund · $330M · 2,252 · 96th

  • PHOTO $330M
  • IND 2,252
  • EOY 96th
  • 5500 Defined Benefit (Pension)
  • ASSETS near Bass Retirement Plan
  • PCT ind #8653

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 Union No. 28 Pension Fund in the asset neighbourhood

Nordson Corporation Salaried Employees Pension PlanNordson Corporation Salaried…$332MBass Retirement Plan$331MSheet Metal Workers Local Union No. 28 Pension FundSheet Metal Workers Local Un…$330MFormosa Plastics Corporation, U.S.a. Pension PlanFormosa Plastics Corporation…$329MOmaha Construction Industry Pension PlanOmaha Construction Industry …$329M
End-of-year total assets ($M) among Sheet Metal Workers Local Union No. 28 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$299M
Net Assets (End of Year)$330M
Net Income$31M
Employer EIN112480671
Plan Effective Date1979-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees of Smw Lu No. 28 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees of Smw Lu No. 28 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$364M 21.64588971237355% vs 2022
2024 filing year
$280M$300M$320M$340M$360M$380M 202220232024 $299M $364M ▲ +21.6%
Year Plans Participants Total Assets
2022 1 2,561 $299M
2023 1 2,252 $330M
2024 1 2,021 $364M

Nearby Defined Benefit (Pension) Plans in New York

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

Sheet Metal Workers Local Union No. 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Sheet Metal Workers Local Union No. 28 Pension Fund, Total assets ($B): 0.330273836 · Participants: 2252Sheet Metal Workers Local Union No. 28 Pension FundIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
Sheet Metal Workers Local Union No. 28 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Sheet Metal Workers Local Union No. 28 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers Local Union No. 28 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Bass Retirement Plan in TX ($331M); by covered participants it is Cedars-Sinai Health System Defined Benefit Retirement Plan in CA (2,258 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($330M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,252 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 Union No. 28 Pension Fund assets move in 2023? ▼
Sheet Metal Workers Local Union No. 28 Pension Fund grew at a solid clip - up 10.3% during 2023, from $299M to $330M. Reported net income was $31M.
How have Board of Trustees of Smw Lu No. 28 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees of Smw Lu No. 28 Pension Fund's sponsor-wide assets grew 21.6%, from $299M to $364M.
Where does Sheet Metal Workers Local Union No. 28 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local Union No. 28 Pension Fund ranks in the 96th 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 Union No. 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Bass Retirement Plan in TX ($331M, 327 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local Union No. 28 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Cedars-Sinai Health System Defined Benefit Retirement Plan in CA (2,258 participants, $751M 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 112480671.

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.