Defined Benefit (Pension) · DOL Form 5500 · 2023

Board of Trustees - Sheet Metal Workers Local 22 Pension Fund Pension Plan

Data updated 2026-08-25

$74M
Total assets Below avg plan size
288
Participants Below avg headcount
89th
Percentile by assets National rank
$258,195
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sheet Metal Workers Local 22 Pension Fund · Sponsored by Board of Trustees - Sheet Metal Workers Local 22 Pension Fund · New Jersey · Construction

$74M in assets, 288 participants

Board of Trustees - Sheet Metal Workers Local 22 Pension Fund's Sheet Metal Workers Local 22 Pension Fund reported $74M in total assets and 288 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.

  • #7,860 in Construction (9,030 peers)

Coverage in New Jersey

Sheet Metal Workers Local 22 Pension Fund covers 288 participants in New Jersey, about 34% of the average New Jersey filer (state average ~844 per filing). Assets: $74M.

#7,860
in Construction (9,030 peers)
+13.1%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Sheet Metal Workers Local 22 Pension Fund's outsized position by total assets

Sheet Metal Workers Local 22 Pension Fund vs every filed plan by assets

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

$74,360,273 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 22 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 22 Pension Fund sits mid-pack in the medium band (288 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers Local 22 Pension Fund reported net income rose from $665K in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Sheet Metal Workers Local 22 Pension Fund end-of-year assets rose from $66M in the plan year 2022 filing to $74M in the plan year 2023 filing.
  • Sheet Metal Workers Local 22 Pension Fund reported participants rose from 271 in the plan year 2022 filing to 288 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 226072834 · Board of Trustees - Sheet Metal Workers Local 22 Pension Fund PY 2023 · Defined Benefit (Pension)

Sheet Metal Workers Local 22 Pension Fund · $74M · 288 · 89th

  • PHOTO $74M
  • PHOTO 288
  • PHOTO 89th
  • PHOTO Defined Benefit (Pension)
  • PHOTO near The Glen Mills Schools Retirement Plan
  • PHOTO ind #7860

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 Jersey →

Sheet Metal Workers Local 22 Pension Fund in the asset neighbourhood

Howmet Merged Pension Plan$75MOklahoma Farm Bureau Pension PlanOklahoma Farm Bureau Pension…$75MThe Jewish Home & Hospital Retirement PlanThe Jewish Home & Hospital R…$74MThe Glen Mills Schools Retirement PlanThe Glen Mills Schools Retir…$74MSheet Metal Workers Local 22 Pension FundSheet Metal Workers Local 22…$74M
End-of-year total assets ($M) among Sheet Metal Workers Local 22 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$66M
Net Assets (End of Year)$74M
Net Income$9M
Employer EIN226072834
Plan Effective Date1953-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees - Sheet Metal Workers Local 22 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees - Sheet Metal Workers Local 22 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$81M 22.893086501753213% vs 2022
2024 filing year
$60M$65M$70M$75M$80M$85M 202220232024 $65.8M $80.8M ▲ +22.9%
Year Plans Participants Total Assets
2022 1 271 $66M
2023 1 288 $74M
2024 1 291 $81M

Nearby Defined Benefit (Pension) Plans in New Jersey

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

Sheet Metal Workers Local 22 Pension Fund vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Sheet Metal Workers Local 22 Pension Fund, Total assets ($B): 0.074360273 · Participants: 288Sheet Metal Workers Local 22 Pension FundRetirement Plan of Johnson and Johnson, Total assets ($B): 21.174819996 · Participants: 37749Retirement Plan of Johnson and JohnsonJPMorgan Chase Retirement Plan, Total assets ($B): 16.279006871 · Participants: 90644JPMorgan Chase Retirement PlanNokia Retirement Income Plan, Total assets ($B): 13.864923 · Participants: 7492Nokia Retirement Income PlanThe Prudential Merged Retirement Plan, Total assets ($B): 12.225782081 · Participants: 16230The Prudential Merged Retirement PlanVerizon Pension Plan for Associates, Total assets ($B): 10.930667796 · Participants: 23778Verizon Pension Plan for Associates
Sheet Metal Workers Local 22 Pension Fund vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
Compare Sheet Metal Workers Local 22 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers Local 22 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New Jersey, the nearest Defined Benefit (Pension) by assets is The Glen Mills Schools Retirement Plan in PA ($74M); by covered participants it is G.I. Associates, LLC Defined Benefit Pension Plan and Trust in WI (288 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($74M here).

Similar participant headcount

Nearest other-state filings by covered participants (288 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 22 Pension Fund assets move in 2023? ▼
Sheet Metal Workers Local 22 Pension Fund grew at a solid clip - up 13.1% during 2023, from $66M to $74M. Reported net income was $9M.
How have Board of Trustees - Sheet Metal Workers Local 22 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees - Sheet Metal Workers Local 22 Pension Fund's sponsor-wide assets grew 22.9%, from $66M to $81M.
Where does Sheet Metal Workers Local 22 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local 22 Pension Fund 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 Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local 22 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Glen Mills Schools Retirement Plan in PA ($74M, 46 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local 22 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is G.I. Associates, LLC Defined Benefit Pension Plan and Trust in WI (288 participants, $17M 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 226072834.

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.