Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees - Sheet Metal Workers Local 98 Pension Fund Pension Plan

Data updated 2026-08-25

$149M
Total assets Near avg plan size: 658
Participants Below avg headcount: 93rd
Percentile by assets National rank: $226,641
Avg per participant Above avg balance/head

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Official DOL plan name: Sheet Metal Workers Local 98 Pension Fund · Sponsored by Board of Trustees - Sheet Metal Workers Local 98 Pension Fund · West Virginia · Manufacturing

$149M in assets, 658 participants

Board of Trustees - Sheet Metal Workers Local 98 Pension Fund's Sheet Metal Workers Local 98 Pension Fund reported $149M in total assets and 658 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

#16,860 in Manufacturing (18,722 peers)

Where Sheet Metal Workers Local 98 Pension Fund sits by assets

Sheet Metal Workers Local 98 Pension Fund sits in the top 10% of all filed plans by assets, $149M for 658 participants (~$226,641/participant), up 10.4% in 2023.

#16,860
in Manufacturing (18,722 peers): +10.4%
assets growth YoY: 1.5×
vs typical plan assets (national mean)

Sheet Metal Workers Local 98 Pension Fund's outsized position by total assets

Sheet Metal Workers Local 98 Pension Fund vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$149,129,618 Top 7% higher than 93% 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 98 Pension Fund among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers Local 98 Pension Fund sits mid-pack in the medium band (658 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Sheet Metal Workers Local 98 Pension Fund reported net income rose from -$19M in the plan year 2022 filing to $14M in the plan year 2023 filing.
Sheet Metal Workers Local 98 Pension Fund end-of-year assets rose from $135M in the plan year 2022 filing to $149M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 316171213 · Board of Trustees - Sheet Metal Workers Local 98 Pension Fund PY 2023 · Defined Benefit (Pension)

Sheet Metal Workers Local 98 Pension Fund · $149M · 658 · 93rd

ASSETS $149M
ASSETS 658
ASSETS 93rd
ASSETS Defined Benefit (Pension)
ASSETS near Pmc Business Pension Plan
ASSETS ind #16860

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 Manufacturing retirement plans → · Plans in West Virginia →

End-of-year total assets ($M) among Sheet Metal Workers Local 98 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$135M
Net Assets (End of Year)	$149M
Net Income	$14M
Employer EIN	316171213
Plan Effective Date	1964-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees - Sheet Metal Workers Local 98 Pension Fund)

Latest sponsor-wide plan assets: $169M 24.966132105531656% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	662	$135M
2023	1	658	$149M
2024	1	741	$169M

Nearby Defined Benefit (Pension) Plans in West Virginia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Local 98 Pension Fund vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants

West Virginia Laborers Pension Trust Fund $556M · 1,965
I.U.O.E. Local 132 Pension Fund $548M · 1,559
United Mine Workers of America 1985 Construction Workers Pension Plan $447M · 234
Employer - Teamsters Local Nos 175 & 505 Pension Trust Fund $420M · 1,453
Maryland Electrical Industry Pension Plan $268M · 1,667

Compare Sheet Metal Workers Local 98 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers Local 98 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside West Virginia, the nearest Defined Benefit (Pension) by assets is Pmc Business Pension Plan in WI ($149M); by covered participants it is Pension Plan for the Employees of Caromont Health in NC (658 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($149M here).

Pmc Business Pension Plan (WI) $149M · 221
The American and National Leagues of Professional Baseball Clubs Retirement Income Plan for Umpires (NY) $149M · 45
Southern Alaska Carpenters Retirement Plan (WA) $149M · 628
Truman Medical Centers Cash Balance Retirement Plan (MO) $149M · 911

Similar participant headcount

Nearest other-state filings by covered participants (658 participants); asset peers above are excluded.

Pension Plan for the Employees of Caromont Health (NC) 658 · 0 off
Western States Office & Professional Employees Pen (OR) 659 · 1 off
Plumbers and Pipefitters Local Union No 333 Pension Fund (MI) 659 · 1 off
IBEW Local No. 82 Pension Plan (PA) 659 · 1 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sheet Metal Workers Local 98 Pension Fund assets move in 2023? ▼

Sheet Metal Workers Local 98 Pension Fund grew at a solid clip - up 10.4% during 2023, from $135M to $149M. Reported net income was $14M.

How have Board of Trustees - Sheet Metal Workers Local 98 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees - Sheet Metal Workers Local 98 Pension Fund's sponsor-wide assets grew 25.0%, from $135M to $169M.

Where does Sheet Metal Workers Local 98 Pension Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local 98 Pension Fund ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local 98 Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Pmc Business Pension Plan in WI ($149M, 221 participants).

Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local 98 Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for the Employees of Caromont Health in NC (658 participants, $113M in assets).

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 316171213.