Profit Sharing · DOL Form 5500 · 2023
Sheet Metal Workers Local 22 Annuity Fund Profit Sharing Plan
Data updated 2026-08-11
- $78M
- Total assets
- 240
- Participants
- 89th
- Percentile by assets
- $323,148
- Avg per participant
Official DOL plan name: Sheet Metal Workers Local 22 - Annuity Fund · Sponsored by Sheet Metal Workers Local 22 Annuity Fund · New Jersey · Construction
$78M in assets, 240 participants
Sheet Metal Workers Local 22 Annuity Fund's Sheet Metal Workers Local 22 - Annuity Fund reported $78M in total assets and 240 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.
- 89th percentile by assets (of 127,072 plans)
- #7,902 in Construction (9,030 peers)
Coverage in New Jersey
Sheet Metal Workers Local 22 - Annuity Fund covers 240 participants in New Jersey, about 28% of the average New Jersey filer (state average ~844 per filing). Assets: $78M.
- $78M
- total plan assets (2023 EOY)
- 240
- covered participants
- 89th
- percentile by assets (of 127,072 plans)
- $323,148
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sheet Metal Workers Local 22 - Annuity Fund reported net income rose from -$1M in the plan year 2022 filing to $7M in the plan year 2023 filing.
- Sheet Metal Workers Local 22 - Annuity Fund end-of-year assets rose from $71M in the plan year 2022 filing to $78M in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Sheet Metal Workers Local 22 - Annuity Fund reports 240 participants - about 28% of that state average ($78M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $71M |
|---|---|
| Net Assets (End of Year) | $78M |
| Net Income | $7M |
| Employer EIN | 227375195 |
| Plan Effective Date | 1974-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sheet Metal Workers Local 22 Annuity Fund)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 239 | $71M |
| 2023 | 1 | 240 | $78M |
| 2024 | 1 | 241 | $83M |
Nearby Profit Sharing Plans in New Jersey
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Sheet Metal Workers Local 22 - Annuity Fund vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
- Ernst & Young Partnership Retirement (Hr-10) Plan $2.5B · 1,843
- Operating Engineers Local 825 Profit Sharing Fund $1.4B · 10,336
- Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan $1.4B · 8,602
- IBEW Local Union No 102 Surety Plan $637M · 2,283
- Kpmg Partner Retirement Savings Plan $529M · 1,895
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Sheet Metal Workers Local 22 - Annuity Fund by total assets, not by location.
Frequently Asked Questions
How did Sheet Metal Workers Local 22 - Annuity Fund assets move in 2023? ▼
How have Sheet Metal Workers Local 22 Annuity Fund plan assets changed over time? ▼
Where does Sheet Metal Workers Local 22 - Annuity Fund rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Sheet Metal Workers Local 22 - Annuity Fund's numbers.
- By total assets, Sheet Metal Workers Local 22 - Annuity Fund ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in New Jersey. Compare plans
- Sheet Metal Workers Local 22 Annuity Fund's sponsor-wide assets have grown 17.0% since 2022 across 3 plan years on file. More Construction plans