Profit Sharing · DOL Form 5500 · 2023

Board of Trustees of Smw Lu No. 28 Annuity Fund Profit Sharing Plan

Data updated 2026-08-11

$571M
Total assets: 3,817
Participants: 98th
Percentile by assets: $149,715
Avg per participant

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.

98th percentile by assets (of 127,072 plans)
#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.

$571M
total plan assets (2023 EOY): 3,817
covered participants: 98th
percentile by assets (of 127,072 plans): $149,715
avg assets per participant

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.

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 Annuity Fund reports 3,817 participants - 4.8x that state average ($571M EOY assets).

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)

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

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.

Sheet Metal Workers Local Union No. 28 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants

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

Compare Sheet Metal Workers Local Union No. 28 A… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Sheet Metal Workers Local Union No. 28 Annuity Fund by total assets, not by location.

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

Frequently Asked Questions

How did Sheet Metal Workers Local Union No. 28 Annuity Fund assets move in 2023? ▼

Sheet Metal Workers Local Union No. 28 Annuity Fund grew at a solid clip - up 5.6% during 2023, from $541M to $571M. Reported net income was $30M.

How have Board of Trustees of Smw Lu No. 28 Annuity Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Smw Lu No. 28 Annuity Fund's sponsor-wide assets grew 8.9%, from $541M to $590M.

Where does Sheet Metal Workers Local Union No. 28 Annuity Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local Union No. 28 Annuity Fund ranks in the 98th 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 Profit Sharing plans are similar in size to Sheet Metal Workers Local Union No. 28 Annuity Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Itron, Inc. Incentive Savings Plan in WA ($576M, 2,440 participants).

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

Filing takeaways

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

By total assets, Sheet Metal Workers Local Union No. 28 Annuity Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
Board of Trustees of Smw Lu No. 28 Annuity Fund's sponsor-wide assets have grown 8.9% 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 133073165.