Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees Sheet Metal Workers Local Pension Plan Pension Plan

Data updated 2026-08-25

$80M
Total assets Below avg plan size
663
Participants Below avg headcount
90th
Percentile by assets National rank
$121,177
Avg per participant Near avg balance/head
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Official DOL plan name: Sheet Metal Workers Local Pension Plan · Sponsored by Board of Trustees Sheet Metal Workers Local Pension Plan · Ohio · Construction

$80M in assets, 663 participants

Board of Trustees Sheet Metal Workers Local Pension Plan's Sheet Metal Workers Local Pension Plan reported $80M in total assets and 663 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #7,926 in Construction (9,030 peers)

Where Sheet Metal Workers Local Pension Plan sits by assets

Sheet Metal Workers Local Pension Plan sits in the top 10% of all filed plans by assets, $80M for 663 participants (~$121,177/participant), up 2.3% in 2023.

#7,926
in Construction (9,030 peers)
+2.3%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Sheet Metal Workers Local Pension Plan's outsized position by total assets

Sheet Metal Workers Local Pension Plan vs every filed plan by assets

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

$80,340,049 Top 10% higher than 90% 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 Pension 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 Pension Plan sits mid-pack in the medium band (663 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers Local Pension Plan reported net income fell from $34M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Sheet Metal Workers Local Pension Plan reported participants fell from 694 in the plan year 2022 filing to 663 in the plan year 2023 filing.
  • Sheet Metal Workers Local Pension Plan end-of-year assets rose from $79M in the plan year 2022 filing to $80M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 346666753 · Board of Trustees Sheet Metal Workers Local Pension Plan PY 2023 · Defined Benefit (Pension)

Sheet Metal Workers Local Pension Plan · $80M · 663 · 90th

  • EBSA $80M
  • PART 663
  • TYPE 90th
  • NET Defined Benefit (Pension)
  • BOOK near Axel Johnson Inc. Retirement Plan
  • VS-ST ind #7926

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 Ohio →

Sheet Metal Workers Local Pension Plan in the asset neighbourhood

American College of Surgeons Staff Members' Retirement PlanAmerican College of Surgeons…$80MSheet Metal Workers Local Pension PlanSheet Metal Workers Local Pe…$80MAxel Johnson Inc. Retirement PlanAxel Johnson Inc. Retirement…$80MAgents Retirement Plan of the Lincoln National Life Insurance CompanyAgents Retirement Plan of th…$80MGeorgia Farm Bureau Mutual Insurance Company Retirement PlanGeorgia Farm Bureau Mutual I…$80M
End-of-year total assets ($M) among Sheet Metal Workers Local Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$79M
Net Assets (End of Year)$80M
Net Income$2M
Employer EIN346666753
Plan Effective Date1961-05-18
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Sheet Metal Workers Local Pension Plan)

Sponsor-wide plan assets over time

All Board of Trustees Sheet Metal Workers Local Pension Plan plans reported in each filing year

Latest sponsor-wide plan assets
$80M 2.404057086171983% vs 2022
2024 filing year
$78M$79M$80M$81M 202220232024 $78.6M $80.5M ▲ +2.4%
Year Plans Participants Total Assets
2022 1 694 $79M
2023 1 663 $80M
2024 1 670 $80M

Nearby Defined Benefit (Pension) Plans in Ohio

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

Sheet Metal Workers Local Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -202468 Total assets ($B) Participants Sheet Metal Workers Local Pension Plan, Total assets ($B): 0.080340049 · Participants: 663Sheet Metal Workers Local Pension PlanFirstenergy Corp. Master Pension Plan, Total assets ($B): 7.144086795 · Participants: 12304Firstenergy Corp. Master Pension PlanNationwide Retirement Plan, Total assets ($B): 5.281060445 · Participants: 22311Nationwide Retirement PlanAmerican Electric Power System Retirement Plan, Total assets ($B): 4.475896468 · Participants: 15595American Electric Power System Retirement PlanParker Defined Benefit Plan, Total assets ($B): 3.656915014 · Participants: 191Parker Defined Benefit PlanOhio Operating Engineers Pension Plan, Total assets ($B): 3.592540979 · Participants: 10029Ohio Operating Engineers Pension Plan
Sheet Metal Workers Local Pension Plan vs. nearby Defined Benefit (Pension) plans in Ohio, assets vs. participants
Compare Sheet Metal Workers Local Pension Plan side-by-side with 3 peers →

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

Outside Ohio, the nearest Defined Benefit (Pension) by assets is Axel Johnson Inc. Retirement Plan in CT ($80M); by covered participants it is Laborers' Local No. 17 Pension Fund in NY (663 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (663 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 Pension Plan assets move in 2023? ▼
Sheet Metal Workers Local Pension Plan edged up modestly - up 2.3% during 2023, from $79M to $80M. Reported net income was $2M.
How have Board of Trustees Sheet Metal Workers Local Pension Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Sheet Metal Workers Local Pension Plan's sponsor-wide assets grew 2.4%, from $79M to $80M.
Where does Sheet Metal Workers Local Pension Plan rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local Pension Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Axel Johnson Inc. Retirement Plan in CT ($80M, 99 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Laborers' Local No. 17 Pension Fund in NY (663 participants, $127M 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 346666753.

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.