Profit Sharing · DOL Form 5500 · 2023
Board of Trustees of Smw Lu No. 28 Annuity Fund Profit Sharing Plan
Data updated 2026-08-25
- $571M
- Total assets Above avg plan size
- 3,817
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $149,715
- Avg per participant Above avg balance/head
Official DOL plan name: Sheet Metal Workers Local Union No. 28 Annuity Fund · Sponsored by Board of Trustees of Smw Lu No. 28 Annuity Fund · New York · Construction
$571M in assets, 3,817 participants
Board of Trustees of Smw Lu No. 28 Annuity Fund's Sheet Metal Workers Local Union No. 28 Annuity Fund reported $571M in total assets and 3,817 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- #8,810 in Construction (9,030 peers)
Coverage in New York
Sheet Metal Workers Local Union No. 28 Annuity Fund covers 3,817 participants in New York, 4.8x the typical New York plan (state average ~798 per filing). Assets: $571M.
- #8,810
- in Construction (9,030 peers)
- +5.6%
- assets growth YoY
- 5.7×
- vs typical plan assets (national mean)
Sheet Metal Workers Local Union No. 28 Annuity Fund's outsized position by total assets
Sheet Metal Workers Local Union No. 28 Annuity Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$571,462,434 Top 2% higher than 98% 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 Union No. 28 Annuity 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 Annuity Fund lands in the large band (3,817 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sheet Metal Workers Local Union No. 28 Annuity Fund reported net income rose from -$71M in the plan year 2022 filing to $30M in the plan year 2023 filing.
- Sheet Metal Workers Local Union No. 28 Annuity Fund end-of-year assets rose from $541M in the plan year 2022 filing to $571M in the plan year 2023 filing.
- Sheet Metal Workers Local Union No. 28 Annuity Fund reported participants fell from 3,871 in the plan year 2022 filing to 3,817 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 133073165 · Board of Trustees of Smw Lu No. 28 Annuity Fund PY 2023 · Profit Sharing
Sheet Metal Workers Local Union No. 28 Annuity Fund · $571M · 3,817 · 98th
- BOY $571M
- SCH 3,817
- EBSA 98th
- PART Profit Sharing
- TYPE near Itron, Inc. Incentive Savings Plan
- NET ind #8810
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 Annuity Fund in the asset neighbourhood
New York filing particulars
| Total Assets (Beginning of Year) | $541M |
|---|---|
| Net Assets (End of Year) | $571M |
| Net Income | $30M |
| Employer EIN | 133073165 |
| Plan Effective Date | 1981-03-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees of Smw Lu No. 28 Annuity Fund)
Sponsor-wide plan assets over time
All Board of Trustees of Smw Lu No. 28 Annuity Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $590M 8.903713230708574% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,871 | $541M |
| 2023 | 1 | 3,817 | $571M |
| 2024 | 1 | 3,756 | $590M |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Annuity Plan of the Electrical Industry $2.2B · 18,907
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.9B · 3,402
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.7B · 5,807
- The Research Foundation for Suny Retirement Plan $1.2B · 10,120
- Mason Tenders District Council Annuity Fund $913M · 11,237
Sheet Metal Workers Local Union No. 28 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount
Outside New York, the nearest Profit Sharing by assets is Itron, Inc. Incentive Savings Plan in WA ($576M); by covered participants it is Plumbers' & Pipefitters' Local 562 Supplemental Pension Plan & Trust in MO (3,749 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($571M here).
- Itron, Inc. Incentive Savings Plan (WA) $576M · 2,440
- Construction Industry Retirement Fund of Rockford (MI) $564M · 10,685
- Bill & Melinda Gates Foundation Sharing Retirement Plan (WA) $579M · 1,735
- University of Maryland Medical System 403(b) Retirement Savings Plan (MD) $559M · 20,496
Similar participant headcount
Nearest other-state filings by covered participants (3,817 participants); asset peers above are excluded.
- Plumbers' & Pipefitters' Local 562 Supplemental Pension Plan & Trust (MO) 3,749 · 68 off
- Blue Bell Creameries, Inc. Employee Stock Ownership Plan (TX) 3,885 · 68 off
- International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan (PA) 3,905 · 88 off
- Operating Engineers Local No 37 Severance & Annuity Fund (MD) 3,928 · 111 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.