Defined Benefit (Pension) · DOL Form 5500 · 2023
Bd of Trustees Sheet Metal Workers' National Pension Fund Pension Plan
Data updated 2026-08-25
- $8.3B
- Total assets Very large vs avg
- 61,272
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $135,567
- Avg per participant Near avg balance/head
Official DOL plan name: Sheet Metal Workers' National Pension Fund · Sponsored by Bd of Trustees Sheet Metal Workers' National Pension Fund · Virginia · Construction
$8.3B in assets, 61,272 participants
Bd of Trustees Sheet Metal Workers' National Pension Fund's Sheet Metal Workers' National Pension Fund reported $8.3B in total assets and 61,272 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- #9,027 in Construction (9,030 peers)
Coverage in Virginia
Sheet Metal Workers' National Pension Fund covers 61,272 participants in Virginia, 78x the typical Virginia plan (state average ~782 per filing). Assets: $8.3B.
- #9,027
- in Construction (9,030 peers)
- +16.1%
- assets growth YoY
- 83×
- vs typical plan assets (national mean)
Sheet Metal Workers' National Pension Fund's outsized position by total assets
Sheet Metal Workers' National Pension Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$8,306,466,489 Highest reported value at or above every one 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' National Pension Fund's mega-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' National Pension Fund is a mega filing (61,272 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sheet Metal Workers' National Pension Fund reported net income rose from -$824M in the plan year 2022 filing to $943M in the plan year 2023 filing.
- Sheet Metal Workers' National Pension Fund end-of-year assets rose from $7.2B in the plan year 2022 filing to $8.3B in the plan year 2023 filing.
- Sheet Metal Workers' National Pension Fund reported participants rose from 61,068 in the plan year 2022 filing to 61,272 in the plan year 2023 filing.
DOL schedule card
Filing strip 526112463 · Bd of Trustees Sheet Metal Workers' National Pension Fund PY 2023 · Defined Benefit (Pension)
Sheet Metal Workers' National Pension Fund · $8.3B · 61,272 · 100th
- VS-ST $8.3B
- BOY 61,272
- SCH 100th
- EBSA Defined Benefit (Pension)
- PART near United Food & Commercial Workers Intl Union - Industry Pension Fund
- TYPE ind #9027
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 Virginia →
Sheet Metal Workers' National Pension Fund in the asset neighbourhood
Virginia filing particulars
| Total Assets (Beginning of Year) | $7.2B |
|---|---|
| Net Assets (End of Year) | $7.5B |
| Net Income | $943M |
| Employer EIN | 526112463 |
| Plan Effective Date | 1966-05-16 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bd of Trustees Sheet Metal Workers' National Pension Fund)
Sponsor-wide plan assets over time
All Bd of Trustees Sheet Metal Workers' National Pension Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $8.9B 24.41560870830239% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 61,068 | $7.2B |
| 2023 | 1 | 61,272 | $8.3B |
| 2024 | 1 | 63,530 | $8.9B |
Nearby Defined Benefit (Pension) Plans in Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Northrop Grumman Pension Plan $19.1B · 13,674
- Retirement Security Plan $10.2B · 54,171
- Ng Space&mission Systems Corp Salaried Pension Pla $8.5B · 7,117
- Dominion Energy Pension Plan $7.6B · 12,263
- United Association National Pension Fund $7.1B · 84,317
Scale composition for Sheet Metal Workers' National Pension Fund
Sheet Metal Workers' National Pension Fund reports $8.3B in end-of-year assets across 61,272 participants (0.067% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.065% of 93,925,755 covered participants) - about $135,567 per participant (98% of the national average assets-per-participant) . Net income for plan year 2023 was $943M.
This plan identity (EIN 526112463, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.2B to $8.9B (+24.4%) while covered participants moved from 61,068 to 63,530 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 61,068 | $7.2B | Open filing |
| 2023 | 61,272 | $8.3B | This page |
| 2024 · index core | 63,530 | $8.9B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Sheet Metal Workers' National Pension Fund (Defined Benefit (Pension), $8.9B, 63,530 participants)
Sheet Metal Workers' National Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Virginia, the nearest Defined Benefit (Pension) by assets is United Food & Commercial Workers Intl Union - Industry Pension Fund in IL ($8.0B); by covered participants it is The PNC Financial Services Group, Inc. Pension Plan in PA (63,680 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8.3B here).
- United Food & Commercial Workers Intl Union - Industry Pension Fund (IL) $8.0B · 20,680
- John Deere Pension Plan for Salaried Employees (IL) $8.0B · 16,346
- Metlife Retirement Plan (NJ) $7.9B · 12,300
- Wells Fargo & Company Cash Balance Plan (CA) $8.8B · 53,528
Similar participant headcount
Nearest other-state filings by covered participants (61,272 participants); asset peers above are excluded.
- The PNC Financial Services Group, Inc. Pension Plan (PA) 63,680 · 2,408 off
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations (MA) 58,745 · 2,527 off
- The Bank of America Pension Plan (RI) 56,519 · 4,753 off
- U.S. Bank Pension Plan (MN) 56,287 · 4,985 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.