Defined Benefit (Pension) · DOL Form 5500 · 2023
Sheet Metal Workers Local 224 Pension Fund Bd of Trustees Pension Plan
Data updated 2026-08-25
- $69M
- Total assets Below avg plan size
- 270
- Participants Below avg headcount
- 88th
- Percentile by assets National rank
- $254,678
- Avg per participant Above avg balance/head
Official DOL plan name: Sheet Metal Workers Local 224 Pension Fund · Sponsored by Sheet Metal Workers Local 224 Pension Fund Bd of Trustees · Michigan · Construction
$69M in assets, 270 participants
Sheet Metal Workers Local 224 Pension Fund Bd of Trustees's Sheet Metal Workers Local 224 Pension Fund reported $69M in total assets and 270 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.
- #7,799 in Construction (9,030 peers)
Coverage in Michigan
Sheet Metal Workers Local 224 Pension Fund covers 270 participants in Michigan, about 42% of the average Michigan filer (state average ~638 per filing). Assets: $69M.
- #7,799
- in Construction (9,030 peers)
- +9.0%
- assets growth YoY
- 0.7×
- vs typical plan assets (national mean)
Sheet Metal Workers Local 224 Pension Fund's outsized position by total assets
Sheet Metal Workers Local 224 Pension Fund vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$68,763,110 Top 12% higher than 88% 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 224 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 224 Pension Fund sits mid-pack in the medium band (270 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sheet Metal Workers Local 224 Pension Fund reported net income rose from -$12M in the plan year 2022 filing to $6M in the plan year 2023 filing.
- Sheet Metal Workers Local 224 Pension Fund reported participants rose from 246 in the plan year 2022 filing to 270 in the plan year 2023 filing.
- Sheet Metal Workers Local 224 Pension Fund end-of-year assets rose from $63M in the plan year 2022 filing to $69M in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 316171353 · Sheet Metal Workers Local 224 Pension Fund Bd of Trustees PY 2023 · Defined Benefit (Pension)
Sheet Metal Workers Local 224 Pension Fund · $69M · 270 · 88th
- IND $69M
- EOY 270
- 5500 88th
- ASSETS Defined Benefit (Pension)
- PCT near The UAW Labor-Management Group Pension Plan
- EIN ind #7799
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 Michigan →
Sheet Metal Workers Local 224 Pension Fund in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $63M |
|---|---|
| Net Assets (End of Year) | $68M |
| Net Income | $6M |
| Employer EIN | 316171353 |
| Plan Effective Date | 1963-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sheet Metal Workers Local 224 Pension Fund Bd of Trustees)
Sponsor-wide plan assets over time
All Sheet Metal Workers Local 224 Pension Fund Bd of Trustees plans reported in each filing year
- Latest sponsor-wide plan assets
- $76M 20.922989828570095% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 246 | $63M |
| 2023 | 1 | 270 | $69M |
| 2024 | 1 | 299 | $76M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
- Ford Motor Company UAW Retirement Plan $19.3B · 26,442
- Ford Motor Company General Retirement Plan $12.7B · 10,215
- Dow Employees' Pension Plan $11.5B · 14,051
- Fca US LLC UAW Pension Agreement $11.2B · 13,635
Sheet Metal Workers Local 224 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Michigan, the nearest Defined Benefit (Pension) by assets is The UAW Labor-Management Group Pension Plan in CA ($69M); by covered participants it is Carroll Hospital Center, Inc. Retirement Income Plan in MD (270 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($69M here).
- The UAW Labor-Management Group Pension Plan (CA) $69M · 1,122
- Kuakini Health System Retirement Plan (HI) $69M · 316
- IBEW Local 56 Pension Plan (PA) $69M · 209
- Juan De La Cruz Farm Workers Pension Plan (CA) $68M · 1,823
Similar participant headcount
Nearest other-state filings by covered participants (270 participants); asset peers above are excluded.
- Carroll Hospital Center, Inc. Retirement Income Plan (MD) 270 · 0 off
- Ufcw Local One Pension Fund (NY) 270 · 0 off
- Premcor Pension Plan (TX) 269 · 1 off
- Unify Financial Credit Union Pension Plan (CA) 271 · 1 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.