Profit Sharing · DOL Form 5500 · 2023

Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund Profit Sharing Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
404
Participants Below avg headcount
81st
Percentile by assets National rank
$84,722
Avg per participant Below avg balance/head
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Official DOL plan name: Sheet Metal Workers Local Union No.71 Annuity Fund · Sponsored by Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund · New York · Construction

$34M in assets, 404 participants

Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund's Sheet Metal Workers Local Union No.71 Annuity Fund reported $34M in total assets and 404 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #7,166 in Construction (9,030 peers)

Where Sheet Metal Workers Local Union No.71 Annuity Fund sits by assets

Sheet Metal Workers Local Union No.71 Annuity Fund sits in the top quartile of all filed plans by assets, $34M for 404 participants (~$84,722/participant), up 17.5% in 2023.

#7,166
in Construction (9,030 peers)
+17.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Sheet Metal Workers Local Union No.71 Annuity Fund's outsized position by total assets

Sheet Metal Workers Local Union No.71 Annuity Fund vs every filed plan by assets

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

$34,227,717 Top 19% higher than 81% 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 Union No.71 Annuity 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 Union No.71 Annuity Fund sits mid-pack in the medium band (404 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers Local Union No.71 Annuity Fund reported net income rose from $347K in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Sheet Metal Workers Local Union No.71 Annuity Fund end-of-year assets rose from $29M in the plan year 2022 filing to $34M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 161592883 · Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund PY 2023 · Profit Sharing

Sheet Metal Workers Local Union No.71 Annuity Fund · $34M · 404 · 81st

  • TYPE $34M
  • NET 404
  • BOOK 81st
  • VS-ST Profit Sharing
  • BOY near Parents in Community Action, Inc. Tda Retirement Plan
  • SCH ind #7166

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 York →

Sheet Metal Workers Local Union No.71 Annuity Fund in the asset neighbourhood

The Geneva Foundation 403(b) PlanThe Geneva Foundation 403(b)…$34MParents in Community Action, Inc. Tda Retirement PlanParents in Community Action,…$34MSheet Metal Workers Local Union No.71 Annuity FundSheet Metal Workers Local Un…$34MOperating Engineers Local 139 Defined Contribution Annuity FundOperating Engineers Local 13…$34MEdges Electrical Group Profit Sharing PlanEdges Electrical Group Profi…$34M
End-of-year total assets ($M) among Sheet Metal Workers Local Union No.71 Annuity Fund and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$34M
Net Income$5M
Employer EIN161592883
Plan Effective Date2000-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund)

Sponsor-wide plan assets over time

All Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund plans reported in each filing year

Latest sponsor-wide plan assets
$38M 29.8349992781051% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $29.1M $37.8M ▲ +29.8%
Year Plans Participants Total Assets
2022 1 407 $29M
2023 1 404 $34M
2024 1 389 $38M

Nearby Profit Sharing Plans in New York

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Local Union No.71 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.522.5 Total assets ($B) Participants Sheet Metal Workers Local Union No.71 Annuity Fund, Total assets ($B): 0.034227717 · Participants: 404Sheet Metal Workers Local Union No.71 Annuity FundAnnuity Plan of the Electrical Industry, Total assets ($B): 2.210433172 · Participants: 18907Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 1.870067356 · Participants: 3402Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.660408686 · Participants: 5807Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for Suny Retirement Plan, Total assets ($B): 1.177491602 · Participants: 10120The Research Foundation for Suny Retirement PlanMason Tenders District Council Annuity Fund, Total assets ($B): 0.912972009 · Participants: 11237Mason Tenders District Council Annuity Fund
Sheet Metal Workers Local Union No.71 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants
Compare Sheet Metal Workers Local Union No.71 Annuity Fund side-by-side with 3 peers →

Sheet Metal Workers Local Union No.71 Annuity Fund's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is Parents in Community Action, Inc. Tda Retirement Plan in MN ($34M); by covered participants it is Looking Upwards, Inc. 401 (K) Retirement Plan in RI (403 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (404 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 Union No.71 Annuity Fund assets move in 2023? ▼
Sheet Metal Workers Local Union No.71 Annuity Fund grew sharply - up 17.5% during 2023, from $29M to $34M. Reported net income was $5M.
How have Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund's sponsor-wide assets grew 29.8%, from $29M to $38M.
Where does Sheet Metal Workers Local Union No.71 Annuity Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local Union No.71 Annuity Fund ranks in the 81st 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 Profit Sharing plans are similar in size to Sheet Metal Workers Local Union No.71 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by assets is Parents in Community Action, Inc. Tda Retirement Plan in MN ($34M, 354 participants).
Which Profit Sharing plans cover a similar participant headcount to Sheet Metal Workers Local Union No.71 Annuity Fund? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Looking Upwards, Inc. 401 (K) Retirement Plan in RI (403 participants, $8M 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 161592883.

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.