Profit Sharing · DOL Form 5500 · 2023
Bd of Trustees Sheet Metal Workers Local Union No. 292 Annuity Fund Profit Sharing Plan
Data updated 2026-08-11
- $32M
- Total assets
- 550
- Participants
- 80th
- Percentile by assets
- $58,714
- Avg per participant
Official DOL plan name: Sheet Metal Workers Local Union No. 292 Annuity Fund · Sponsored by Bd of Trustees Sheet Metal Workers Local Union No. 292 Annuity Fund · Michigan · Manufacturing
$32M in assets, 550 participants
Bd of Trustees Sheet Metal Workers Local Union No. 292 Annuity Fund's Sheet Metal Workers Local Union No. 292 Annuity Fund reported $32M in total assets and 550 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.
- 80th percentile by assets (of 127,072 plans)
- #13,547 in Manufacturing (18,722 peers)
Where Sheet Metal Workers Local Union No. 292 Annuity Fund sits by assets
Sheet Metal Workers Local Union No. 292 Annuity Fund sits in the top quartile of all filed plans by assets, $32M for 550 participants (~$58,714/participant), up 17.5% in 2023.
- $32M
- total plan assets (2023 EOY)
- 550
- covered participants
- 80th
- percentile by assets (of 127,072 plans)
- $58,714
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sheet Metal Workers Local Union No. 292 Annuity Fund reported net income rose from -$6M in the plan year 2022 filing to $5M in the plan year 2023 filing.
- Sheet Metal Workers Local Union No. 292 Annuity Fund end-of-year assets rose from $27M in the plan year 2022 filing to $32M in the plan year 2023 filing.
- Sheet Metal Workers Local Union No. 292 Annuity Fund reported participants fell from 556 in the plan year 2022 filing to 550 in the plan year 2023 filing.
Sheet Metal Workers Local Union No. 292 Annuity Fund vs the 2023 asset distribution
By assets, Sheet Metal Workers Local Union No. 292 Annuity Fund outranks 80% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $27M |
|---|---|
| Net Assets (End of Year) | $32M |
| Net Income | $5M |
| Employer EIN | 383204600 |
| Plan Effective Date | 1994-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bd of Trustees Sheet Metal Workers Local Union No. 292 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 556 | $27M |
| 2023 | 1 | 550 | $32M |
| 2024 | 1 | 537 | $37M |
Nearby Profit Sharing Plans in Michigan
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Sheet Metal Workers Local Union No. 292 Annuity Fund vs. nearby Profit Sharing plans in Michigan, assets vs. participants
- Henry Ford Health System Retirement Savings Plan $1.7B · 14,349
- Construction Industry Retirement Fund of Rockford $564M · 10,685
- Ohio Carpenters' Annuity Plan $410M · 9,314
- Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan $288M · 1,404
- NECA-IBEW Memphis Retirement Plan $213M · 2,389
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Sheet Metal Workers Local Union No. 292 Annuity Fund by total assets, not by location.
- Saint Martin's University 403(b) Plan (WA) $32M · 468
- Cullen Profit Sharing Plan and Trust (WI) $32M · 164
- Anderson Regional Medical Center Retirement Savings Plan (MS) $32M · 1,515
- Teva Pr LLC Savings Plan (PR) $32M · 129
Frequently Asked Questions
How did Sheet Metal Workers Local Union No. 292 Annuity Fund assets move in 2023? ▼
How have Bd of Trustees Sheet Metal Workers Local Union No. 292 Annuity Fund plan assets changed over time? ▼
Where does Sheet Metal Workers Local Union No. 292 Annuity Fund rank by assets among Form 5500 filers? ▼
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Ways to act on Sheet Metal Workers Local Union No. 292 Annuity Fund's numbers.
- By total assets, Sheet Metal Workers Local Union No. 292 Annuity Fund ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Michigan. Compare plans
- Bd of Trustees Sheet Metal Workers Local Union No. 292 Annuity Fund's sponsor-wide assets have grown 36.0% since 2022 across 3 plan years on file. More Manufacturing plans