Profit Sharing · DOL Form 5500 · 2023

Sheet Metal Workers Local 46 Annuity Plan Board of Trustees Profit Sharing Plan

Data updated 2026-08-11

$44M
Total assets: 371
Participants: 84th
Percentile by assets: $117,415
Avg per participant

Official DOL plan name: Sheet Metal Workers Local 46 Annuity Plan · Sponsored by Sheet Metal Workers Local 46 Annuity Plan Board of Trustees · New York · Construction

$44M in assets, 371 participants

Sheet Metal Workers Local 46 Annuity Plan Board of Trustees's Sheet Metal Workers Local 46 Annuity Plan reported $44M in total assets and 371 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

84th percentile by assets (of 127,072 plans)
#7,399 in Construction (9,030 peers)

Coverage in New York

Sheet Metal Workers Local 46 Annuity Plan covers 371 participants in New York, about 47% of the average New York filer (state average ~798 per filing). Assets: $44M.

$44M
total plan assets (2023 EOY): 371
covered participants: 84th
percentile by assets (of 127,072 plans): $117,415
avg assets per participant

Sheet Metal Workers Local 46 Annuity Plan reported net income rose from $2M in the plan year 2022 filing to $5M in the plan year 2023 filing.
Sheet Metal Workers Local 46 Annuity Plan end-of-year assets rose from $39M in the plan year 2022 filing to $44M in the plan year 2023 filing.
Sheet Metal Workers Local 46 Annuity Plan reported participants fell from 379 in the plan year 2022 filing to 371 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

New York

Industry

Construction

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Sheet Metal Workers Local 46 Annuity Plan reports 371 participants - about 47% of that state average ($44M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$39M
Net Assets (End of Year)	$44M
Net Income	$5M
Employer EIN	161168659
Plan Effective Date	1981-09-28
Filing Status	FILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Local 46 Annuity Plan Board of Trustees)

Total plan assets by year, all Sheet Metal Workers Local 46 Annuity Plan Board of Trustees plans on file

Year	Plans	Participants	Total Assets
2022	1	379	$39M
2023	1	371	$44M
2024	1	396	$47M

Nearby Profit Sharing Plans in New York

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

Sheet Metal Workers Local 46 Annuity Plan vs. nearby Profit Sharing plans in New York, assets vs. participants

Annuity Plan of the Electrical Industry $2.2B · 18,907
Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $1.9B · 3,402
Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.7B · 5,807
The Research Foundation for Suny Retirement Plan $1.2B · 10,120
Mason Tenders District Council Annuity Fund $913M · 11,237

Compare Sheet Metal Workers Local 46 Annuity Pla… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Sheet Metal Workers Local 46 Annuity Plan by total assets, not by location.

Tennant Related Companies Profit Sharing Plan and Trust (OR) $44M · 5
Dismas Charities, Inc. Retirement Plan (KY) $43M · 540
Section 403(b) Plan of the John D. and Catherine T. Macarthur Foundation (IL) $43M · 178
Food & Beverage Workers Union Local 23 & Employers Pension Plan (AZ) $44M · 1,680

Frequently Asked Questions

How did Sheet Metal Workers Local 46 Annuity Plan assets move in 2023? ▼

Sheet Metal Workers Local 46 Annuity Plan grew at a solid clip - up 11.6% during 2023, from $39M to $44M. Reported net income was $5M.

How have Sheet Metal Workers Local 46 Annuity Plan Board of Trustees plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Sheet Metal Workers Local 46 Annuity Plan Board of Trustees's sponsor-wide assets grew 21.2%, from $39M to $47M.

Where does Sheet Metal Workers Local 46 Annuity Plan rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local 46 Annuity Plan ranks in the 84th 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 46 Annuity Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Tennant Related Companies Profit Sharing Plan and Trust in OR ($44M, 5 participants).

Next read for Sheet Metal Workers Local 46 Annuity Pla…

Filing takeaways

Ways to act on Sheet Metal Workers Local 46 Annuity Plan's numbers.

By total assets, Sheet Metal Workers Local 46 Annuity Plan 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 York. Compare plans
Sheet Metal Workers Local 46 Annuity Plan Board of Trustees's sponsor-wide assets have grown 21.2% since 2022 across 3 plan years on file. More Construction plans

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 161168659.