Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund Pension Plan

Data updated 2026-08-25

$52M
Total assets Below avg plan size
286
Participants Below avg headcount
86th
Percentile by assets National rank
$180,955
Avg per participant Above avg balance/head
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Official DOL plan name: Sheet Metal Workers' Local No. 40 Pension Fund · Sponsored by Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund · New York · Construction

$52M in assets, 286 participants

Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund's Sheet Metal Workers' Local No. 40 Pension Fund reported $52M in total assets and 286 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,559 in Construction (9,030 peers)

Coverage in New York

Sheet Metal Workers' Local No. 40 Pension Fund covers 286 participants in New York, about 36% of the average New York filer (state average ~798 per filing). Assets: $52M.

#7,559
in Construction (9,030 peers)
+9.2%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Sheet Metal Workers' Local No. 40 Pension Fund's outsized position by total assets

Sheet Metal Workers' Local No. 40 Pension Fund vs every filed plan by assets

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

$51,753,253 Top 14% higher than 86% 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 No. 40 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 No. 40 Pension Fund sits mid-pack in the medium band (286 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers' Local No. 40 Pension Fund reported net income rose from -$10M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Sheet Metal Workers' Local No. 40 Pension Fund end-of-year assets rose from $47M in the plan year 2022 filing to $52M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 066157817 · Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund PY 2023 · Defined Benefit (Pension)

Sheet Metal Workers' Local No. 40 Pension Fund · $52M · 286 · 86th

  • IND $52M
  • EOY 286
  • 5500 86th
  • ASSETS Defined Benefit (Pension)
  • PCT near Appalachian Regional Healthcare, Inc. Administrative Retirement Plan
  • EIN ind #7559

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 New York →

Sheet Metal Workers' Local No. 40 Pension Fund in the asset neighbourhood

Pension Plan for the Employees of Ennis, Inc.Pension Plan for the Employe…$52MSheet Metal Workers' Local No. 40 Pension FundSheet Metal Workers' Local N…$52MAppalachian Regional Healthcare, Inc. Administrative Retirement PlanAppalachian Regional Healthc…$52MThe Defined Benefit Pension Plan of the Children's Institute of PittsburghThe Defined Benefit Pension …$52MAmerican Board of Pediatrics, Inc. Pension PlanAmerican Board of Pediatrics…$52M
End-of-year total assets ($M) among Sheet Metal Workers' Local No. 40 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$52M
Net Income$4M
Employer EIN066157817
Plan Effective Date1956-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$57M 20.08051497159686% vs 2022
2024 filing year
$45M$50M$55M$60M 202220232024 $47.4M $56.9M ▲ +20.1%
Year Plans Participants Total Assets
2022 1 288 $47M
2023 1 286 $52M
2024 1 300 $57M

Nearby Defined Benefit (Pension) Plans in New York

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

Sheet Metal Workers' Local No. 40 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Sheet Metal Workers' Local No. 40 Pension Fund, Total assets ($B): 0.051753253 · Participants: 286Sheet Metal Workers' Local No. 40 Pension FundIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
Sheet Metal Workers' Local No. 40 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Sheet Metal Workers' Local No. 40 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers' Local No. 40 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Appalachian Regional Healthcare, Inc. Administrative Retirement Plan in KY ($52M); by covered participants it is St. Peter's Health Cashplus Retirement Plan in MT (285 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (286 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 No. 40 Pension Fund assets move in 2023? ▼
Sheet Metal Workers' Local No. 40 Pension Fund grew at a solid clip - up 9.2% during 2023, from $47M to $52M. Reported net income was $4M.
How have Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund's sponsor-wide assets grew 20.1%, from $47M to $57M.
Where does Sheet Metal Workers' Local No. 40 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' Local No. 40 Pension Fund ranks in the 86th 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 Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers' Local No. 40 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Appalachian Regional Healthcare, Inc. Administrative Retirement Plan in KY ($52M, 140 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers' Local No. 40 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is St. Peter's Health Cashplus Retirement Plan in MT (285 participants, $57M 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 066157817.

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.