Defined Benefit (Pension) · DOL Form 5500 · 2023
Sheet Metal Workers Pension Trust Pension Plan
Data updated 2026-08-11
- $1.5B
- Total assets
- 5,496
- Participants
- 99th
- Percentile by assets
- $277,374
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $1.5B
- total plan assets (2023 EOY)
- 5,496
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $277,374
- avg assets per participant
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.
Participants vs California filers
In California, the average filing covers about 630 participants across 15,291 plans. Sheet Metal Workers Pension Plan of Northern California reports 5,496 participants - 8.7x that state average ($1.5B EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $130M |
| Employer EIN | 516115939 |
| Plan Effective Date | 1958-12-23 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sheet Metal Workers Pension Trust)
| 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
- Kaiser Permanente Retirement Plan $33.5B · 127,356
- Pacific Gas and Electric Company Retirement Plan $21.4B · 22,914
- Pacific Gas and Electric Company Retirement Plan $18.0B · 25,647
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $10.8B · 19,545
- Disney Salaried Pension Plan D $10.1B · 10,813
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 (Defined Benefit (Pension), $1.6B, 5,468 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers Pension Plan of Northern California by total assets, not by location.
- Supervalu Inc. Retirement Plan (MN) $1.5B · 1,407
- Graphic Communications Conference National Pension Fund (IL) $1.5B · 720
- Siemens Pension Plan (NJ) $1.5B · 4,505
- Aarp Employees' Pension Plan (DC) $1.5B · 1,957
Frequently Asked Questions
How did Sheet Metal Workers Pension Plan of Northern California assets move in 2023? ▼
How have Sheet Metal Workers Pension Trust plan assets changed over time? ▼
Where does Sheet Metal Workers Pension Plan of Northern California rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Sheet Metal Workers Pension Plan of Northern California's numbers.
- By total assets, Sheet Metal Workers Pension Plan of Northern California ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
- Sheet Metal Workers Pension Trust's sponsor-wide assets have grown 13.0% since 2022 across 3 plan years on file. More Construction plans