Defined Benefit (Pension) · DOL Form 5500 · 2023
Sheet Metal Workers Local 85 Pension Fund Pension Plan
Data updated 2026-08-25
- $167M
- Total assets Near avg plan size
- 1,041
- Participants Near avg headcount
- 94th
- Percentile by assets National rank
- $160,605
- Avg per participant Above avg balance/head
Official DOL plan name: Sheet Metal Workers Local 85 Pension Fund · Sponsored by Sheet Metal Workers Local 85 Pension Fund · Tennessee · Construction
$167M in assets, 1,041 participants
Sheet Metal Workers Local 85 Pension Fund's Sheet Metal Workers Local 85 Pension Fund reported $167M in total assets and 1,041 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.
- #8,368 in Construction (9,030 peers)
Where Sheet Metal Workers Local 85 Pension Fund sits by assets
Sheet Metal Workers Local 85 Pension Fund sits in the top 10% of all filed plans by assets, $167M for 1,041 participants (~$160,605/participant), up 13.0% in 2023.
- #8,368
- in Construction (9,030 peers)
- +13.0%
- assets growth YoY
- 1.7×
- vs typical plan assets (national mean)
Sheet Metal Workers Local 85 Pension Fund's outsized position by total assets
Sheet Metal Workers Local 85 Pension Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$167,190,157 Top 6% higher than 94% 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 85 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 85 Pension Fund lands in the large band (1,041 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sheet Metal Workers Local 85 Pension Fund reported net income rose from -$20M in the plan year 2022 filing to $19M in the plan year 2023 filing.
- Sheet Metal Workers Local 85 Pension Fund end-of-year assets rose from $148M in the plan year 2022 filing to $167M in the plan year 2023 filing.
- Sheet Metal Workers Local 85 Pension Fund reported participants fell from 1,061 in the plan year 2022 filing to 1,041 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 586084968 · Sheet Metal Workers Local 85 Pension Fund PY 2023 · Defined Benefit (Pension)
Sheet Metal Workers Local 85 Pension Fund · $167M · 1,041 · 94th
- PART $167M
- PART 1,041
- PART 94th
- PART Defined Benefit (Pension)
- PART near Alstom Inc. Cash Balance Pension Plan
- PART ind #8368
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 Tennessee →
Sheet Metal Workers Local 85 Pension Fund in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $148M |
|---|---|
| Net Assets (End of Year) | $167M |
| Net Income | $19M |
| Employer EIN | 586084968 |
| Plan Effective Date | 1967-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sheet Metal Workers Local 85 Pension Fund)
Sponsor-wide plan assets over time
All Sheet Metal Workers Local 85 Pension Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $187M 26.546033877446707% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,061 | $148M |
| 2023 | 1 | 1,041 | $167M |
| 2024 | 1 | 1,055 | $187M |
Nearby Defined Benefit (Pension) Plans in Tennessee
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Fedex Corporation Employees' Pension Plan $26.6B · 139,031
- Retirement Plan of International Paper Company $8.8B · 20,164
- Pace Industry Union-Management Pension Fund $2.7B · 3,192
- Pension Plan for Employees at Ornl $2.5B · 5,801
- Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee $2.1B · 2,710
Sheet Metal Workers Local 85 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Tennessee, the nearest Defined Benefit (Pension) by assets is Alstom Inc. Cash Balance Pension Plan in CT ($167M); by covered participants it is Nustar Pension Plan in TX (1,040 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($167M here).
- Alstom Inc. Cash Balance Pension Plan (CT) $167M · 268
- Minerals Technologies Inc. Retirement Plan (NY) $167M · 332
- Blue Cross and Blue Shield of Kansas City Pension Plan (MO) $167M · 346
- Edgewell Personal Care Company Defined Benefit Plan (CT) $167M · 651
Similar participant headcount
Nearest other-state filings by covered participants (1,041 participants); asset peers above are excluded.
- Nustar Pension Plan (TX) 1,040 · 1 off
- Southern California Local 831 - Employer Pension Fund (CA) 1,042 · 1 off
- Idaho National Laboratory Employee Retirement Plan (ID) 1,037 · 4 off
- Tropicana Products Defined Benefit Plan (IL) 1,036 · 5 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.