Defined Benefit (Pension) · DOL Form 5500 · 2023

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

Data updated 2026-08-11

$330M
Total assets: 2,252
Participants: 96th
Percentile by assets: $146,658
Avg per participant

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.

96th percentile by assets (of 127,072 plans)
#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.

$330M
total plan assets (2023 EOY): 2,252
covered participants: 96th
percentile by assets (of 127,072 plans): $146,658
avg assets per participant

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 →

State

New York

Industry

Construction

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Sheet Metal Workers Local Union No. 28 Pension Fund reports 2,252 participants - 2.8x that state average ($330M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$299M
Net Assets (End of Year)	$330M
Net Income	$31M
Employer EIN	112480671
Plan Effective Date	1979-01-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Board of Trustees of Smw Lu No. 28 Pension Fund plans on file

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

IBM Personal Pension Plan $25.0B · 14,881
Consolidated Edison Retirement Plan $16.2B · 10,779
1199seiu Health Care Employees Pension Fund $16.2B · 107,582
Pfizer Consolidated Pension Plan $11.0B · 9,616
Pepsico Employees Retirement Plan I $7.6B · 12,289

Compare Sheet Metal Workers Local Union No. 28 P… 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 Union No. 28 Pension Fund by total assets, not by location.

Bass Retirement Plan (TX) $331M · 327
Formosa Plastics Corporation, U.S.a. Pension Plan (NJ) $329M · 3,275
Omaha Construction Industry Pension Plan (NE) $329M · 1,447
Nordson Corporation Salaried Employees Pension Plan (OH) $332M · 1,974

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).

Next read for Sheet Metal Workers Local Union No. 28 P…

Filing takeaways

Ways to act on Sheet Metal Workers Local Union No. 28 Pension Fund's numbers.

By total assets, Sheet Metal Workers Local Union No. 28 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 New York. Compare plans
Board of Trustees of Smw Lu No. 28 Pension Fund's sponsor-wide assets have grown 21.6% 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 112480671.