Defined Benefit (Pension) · DOL Form 5500 · 2023

Sheet Metal Workers Pension Trust Pension Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
5,496
Participants Above avg headcount
99th
Percentile by assets National rank
$277,374
Avg per participant High balance/head
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Official DOL plan name: Sheet Metal Workers Pension Plan of Northern California · Sponsored by Sheet Metal Workers Pension Trust · California · Construction

$1.5B in assets, 5,496 participants

Sheet Metal Workers Pension Trust's Sheet Metal Workers Pension Plan of Northern California reported $1.5B in total assets and 5,496 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #8,955 in Construction (9,030 peers)

Coverage in California

Sheet Metal Workers Pension Plan of Northern California covers 5,496 participants in California, 8.7x the typical California plan (state average ~630 per filing). Assets: $1.5B.

#8,955
in Construction (9,030 peers)
+7.8%
assets growth YoY
15×
vs typical plan assets (national mean)

Sheet Metal Workers Pension Plan of Northern California's outsized position by total assets

Sheet Metal Workers Pension Plan of Northern California vs every filed plan by assets

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

$1,524,448,126 Top 1% higher than 99% 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 Pension Plan of Northern California's large-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 Pension Plan of Northern California lands in the large band (5,496 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers Pension Plan of Northern California reported net income rose from -$205M in the plan year 2022 filing to $130M in the plan year 2023 filing.
  • Sheet Metal Workers Pension Plan of Northern California end-of-year assets rose from $1.4B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
  • Sheet Metal Workers Pension Plan of Northern California reported participants fell from 5,634 in the plan year 2022 filing to 5,496 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 516115939 · Sheet Metal Workers Pension Trust PY 2023 · Defined Benefit (Pension)

Sheet Metal Workers Pension Plan of Northern California · $1.5B · 5,496 · 99th

  • BOY $1.5B
  • BOY 5,496
  • BOY 99th
  • BOY Defined Benefit (Pension)
  • BOY near Supervalu Inc. Retirement Plan
  • BOY ind #8955

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 California →

Sheet Metal Workers Pension Plan of Northern California in the asset neighbourhood

Siemens Pension Plan$1.5BSupervalu Inc. Retirement PlanSupervalu Inc. Retirement Pl…$1.5BGraphic Communications Conference National Pension FundGraphic Communications Confe…$1.5BSheet Metal Workers Pension Plan of Northern CaliforniaSheet Metal Workers Pension …$1.5BAarp Employees' Pension Plan$1.5B
End-of-year total assets ($B) among Sheet Metal Workers Pension Plan of Northern California and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$1.4B
Net Assets (End of Year)$1.5B
Net Income$130M
Employer EIN516115939
Plan Effective Date1958-12-23
Filing StatusFILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Pension Trust)

Sponsor-wide plan assets over time

All Sheet Metal Workers Pension Trust plans reported in each filing year

Latest sponsor-wide plan assets
$1.6B 12.950054017272652% vs 2022
2024 filing year
$1.3B$1.4B$1.5B$1.6B$1.7B 202220232024 $1.41B $1.6B ▲ +13.5%
Year Plans Participants Total Assets
2022 1 5,634 $1.4B
2023 1 5,496 $1.5B
2024 1 5,468 $1.6B

Nearby Defined Benefit (Pension) Plans in California

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

Sheet Metal Workers Pension Plan of Northern California vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Sheet Metal Workers Pension Plan of Northern California, Total assets ($B): 1.524448126 · Participants: 5496Sheet Metal Workers Pension Plan of Northern CaliforniaKaiser Permanente Retirement Plan, Total assets ($B): 33.538817099 · Participants: 127356Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 21.40954351 · Participants: 22914Pacific Gas and Electric Company Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.980531142 · Participants: 25647Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.814691143 · Participants: 19545Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Disney Salaried Pension Plan D, Total assets ($B): 10.057095066 · Participants: 10813Disney Salaried Pension Plan D
Sheet Metal Workers Pension Plan of Northern California vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Sheet Metal Workers Pension Plan of Northern California side-by-side with 3 peers →

Scale composition for Sheet Metal Workers Pension Plan of Northern California

Sheet Metal Workers Pension Plan of Northern California reports $1.5B in end-of-year assets across 5,496 participants (0.012% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $277,374 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $130M.

This plan identity (EIN 516115939, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.4B to $1.6B (+13.0%) while covered participants moved from 5,634 to 5,468 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,634 $1.4B Open filing
2023 5,496 $1.5B This page
2024 · index core 5,468 $1.6B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Sheet Metal Workers Pension Plan of Northern California's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Supervalu Inc. Retirement Plan in MN ($1.5B); by covered participants it is Ufcw- Giant Excess Supplemental Benefit Fund in MD (5,492 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (5,496 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 Pension Plan of Northern California assets move in 2023? ▼
Sheet Metal Workers Pension Plan of Northern California grew at a solid clip - up 7.8% during 2023, from $1.4B to $1.5B. Reported net income was $130M.
How have Sheet Metal Workers Pension Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sheet Metal Workers Pension Trust's sponsor-wide assets grew 13.0%, from $1.4B to $1.6B.
Where does Sheet Metal Workers Pension Plan of Northern California rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Pension Plan of Northern California ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Pension Plan of Northern California? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Supervalu Inc. Retirement Plan in MN ($1.5B, 1,407 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Pension Plan of Northern California? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ufcw- Giant Excess Supplemental Benefit Fund in MD (5,492 participants, $173K 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 516115939.

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.