401(k) · DOL Form 5500 · 2023

Board of Trustees 401(k) Plan

Data updated 2026-08-25

$72M
Total assets Below avg plan size
825
Participants Near avg headcount
89th
Percentile by assets National rank
$87,107
Avg per participant Below avg balance/head
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Official DOL plan name: Sheet Metal Workers' Local 88 401(k) Plan · Sponsored by Board of Trustees · Nevada · Construction

$72M in assets, 825 participants

Board of Trustees's Sheet Metal Workers' Local 88 401(k) Plan reported $72M in total assets and 825 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,840 in Construction (9,030 peers)

Where Sheet Metal Workers' Local 88 401(k) Plan sits by assets

Sheet Metal Workers' Local 88 401(k) Plan sits in the top quartile of all filed plans by assets, $72M for 825 participants (~$87,107/participant), up 20.0% in 2023.

#7,840
in Construction (9,030 peers)
+20.0%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Sheet Metal Workers' Local 88 401(k) Plan's outsized position by total assets

Sheet Metal Workers' Local 88 401(k) Plan vs every filed plan by assets

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

$71,863,261 Top 11% higher than 89% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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 88 401(k) Plan 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 88 401(k) Plan sits mid-pack in the medium band (825 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers' Local 88 401(k) Plan reported net income rose from -$9M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Sheet Metal Workers' Local 88 401(k) Plan reported participants fell from 2,673 in the plan year 2022 filing to 825 in the plan year 2023 filing.
  • Sheet Metal Workers' Local 88 401(k) Plan end-of-year assets rose from $60M in the plan year 2022 filing to $72M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 880288318 · Board of Trustees PY 2023 · 401(k)

Sheet Metal Workers' Local 88 401(k) Plan · $72M · 825 · 89th

  • EIN $72M
  • RANK 825
  • PHOTO 89th
  • IND 401(k)
  • EOY near Diamond Vogel, Inc. 401(k) Plan
  • 5500 ind #7840

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 Nevada →

Sheet Metal Workers' Local 88 401(k) Plan in the asset neighbourhood

Boyne Resorts 401(k) Retirement PlanBoyne Resorts 401(k) Retirem…$72MC.W. Matthews Contracting Company, Inc. 401(k) PlanC.W. Matthews Contracting Co…$72MSheet Metal Workers' Local 88 401(k) PlanSheet Metal Workers' Local 8…$72MDiamond Vogel, Inc. 401(k) PlanDiamond Vogel, Inc. 401(k) P…$72MSteuben Foods, Inc. Savings PlanSteuben Foods, Inc. Savings …$72M
End-of-year total assets ($M) among Sheet Metal Workers' Local 88 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$72M
Net Income$12M
Employer EIN880288318
Plan Effective Date1992-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees)

Sponsor-wide plan assets over time

All Board of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$80M 33.768893662394696% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $59.9M $80.1M ▲ +33.8%
Year Plans Participants Total Assets
2022 1 2,673 $60M
2023 1 825 $72M
2024 1 846 $80M

Nearby 401(k) Plans in Nevada

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers' Local 88 401(k) Plan vs. nearby 401(k) plans in Nevada, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -0.500.511.522.5 Total assets ($B) Participants Sheet Metal Workers' Local 88 401(k) Plan, Total assets ($B): 0.071863261 · Participants: 825Sheet Metal Workers' Local 88 401(k) PlanThe Mgm Resorts 401(k) Savings Plan, Total assets ($B): 2.01117919 · Participants: 28142The Mgm Resorts 401(k) Savings PlanCaesars Entertainment, Inc 401(k) Plan, Total assets ($B): 1.82487518 · Participants: 29628Caesars Entertainment, Inc 401(k) PlanBarrick Retirement Plan, Total assets ($B): 1.19282548 · Participants: 6964Barrick Retirement PlanNv Energy 401(k) Plan, Total assets ($B): 0.999258908 · Participants: 2475Nv Energy 401(k) PlanEighth District Electrical Pension Fund Annuity Plan, Total assets ($B): 0.98131609 · Participants: 20426Eighth District Electrical Pension Fund Annuity Plan
Sheet Metal Workers' Local 88 401(k) Plan vs. nearby 401(k) plans in Nevada, assets vs. participants
Compare Sheet Metal Workers' Local 88 401(k) Plan side-by-side with 3 peers →

Sheet Metal Workers' Local 88 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Nevada, the nearest 401(k) by assets is Diamond Vogel, Inc. 401(k) Plan in IA ($72M); by covered participants it is Aam, LLC 401(k) Profit Sharing Plan and Trust in AZ (825 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($72M here).

Similar participant headcount

Nearest other-state filings by covered participants (825 participants); asset peers above are excluded.

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 88 401(k) Plan assets move in 2023? ▼
Sheet Metal Workers' Local 88 401(k) Plan grew sharply - up 20.0% during 2023, from $60M to $72M. Reported net income was $12M.
How have Board of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees's sponsor-wide assets grew 33.8%, from $60M to $80M.
Where does Sheet Metal Workers' Local 88 401(k) Plan rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' Local 88 401(k) Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sheet Metal Workers' Local 88 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Diamond Vogel, Inc. 401(k) Plan in IA ($72M, 725 participants).
Which 401(k) plans cover a similar participant headcount to Sheet Metal Workers' Local 88 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Aam, LLC 401(k) Profit Sharing Plan and Trust in AZ (825 participants, $22M 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 880288318.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.