Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund Pension Plan

Data updated 2026-08-11

$113M
Total assets: 499
Participants: 91st
Percentile by assets: $225,616
Avg per participant

Official DOL plan name: Sheet Metal Workers Local No.20 Gary Area Pension · Sponsored by Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund · Michigan · Construction

$113M in assets, 499 participants

Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund's Sheet Metal Workers Local No.20 Gary Area Pension reported $113M in total assets and 499 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

91st percentile by assets (of 123,622 plans)
#8,111 in Construction (9,039 peers)

Where Sheet Metal Workers Local No.20 Gary Area Pension sits by assets

Sheet Metal Workers Local No.20 Gary Area Pension sits in the top 10% of all filed plans by assets, $113M for 499 participants (~$225,616/participant), up 11.4% in 2024.

$113M
total plan assets (2024 EOY): 499
covered participants: 91st
percentile by assets (of 123,622 plans): $225,616
avg assets per participant

Sheet Metal Workers Local No.20 Gary Area Pension end-of-year assets rose from $101M in the plan year 2023 filing to $113M in the plan year 2024 filing.
Sheet Metal Workers Local No.20 Gary Area Pension reported participants rose from 476 in the plan year 2023 filing to 499 in the plan year 2024 filing.
Sheet Metal Workers Local No.20 Gary Area Pension reported net income rose from $11M in the plan year 2023 filing to $12M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Michigan

Industry

Construction

Sheet Metal Workers Local No.20 Gary Area Pension vs the 2024 asset distribution

By assets, Sheet Metal Workers Local No.20 Gary Area Pension outranks 91% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$101M
Net Assets (End of Year)	$112M
Net Income	$12M
Employer EIN	356057213
Plan Effective Date	1963-12-23
Filing Status	FILING RECEIVED

Sponsor Plan History (Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund)

Total plan assets by year, all Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	453	$90M
2023	1	476	$101M
2024	1	499	$113M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Sheet Metal Workers Local No.20 Gary Area Pension vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants

General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
Ford Motor Company UAW Retirement Plan $17.8B · 25,742
Ford Motor Company General Retirement Plan $12.1B · 8,585
Dow Employees' Pension Plan $10.9B · 6,888
Fca US LLC UAW Pension Agreement $10.3B · 12,752

Compare Sheet Metal Workers Local No.20 Gary Are… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers Local No.20 Gary Area Pension by total assets, not by location.

Textron Automotive Functional Components Cwc Division, a Division of Textron Inc. Hourly-Rated Employees' Pension Plan (RI) $113M · 88
Middle River Aerostructure Systems Salaried Pension Plan (MD) $113M · 95
Revvity, Inc. Employees Retirement Plan (MA) $112M · 33
American Savings Bank Retirement Plan (HI) $113M · 231

Frequently Asked Questions

How did Sheet Metal Workers Local No.20 Gary Area Pension assets move in 2024? ▼

Sheet Metal Workers Local No.20 Gary Area Pension grew at a solid clip - up 11.4% during 2024, from $101M to $113M. Reported net income was $12M.

How have Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund's sponsor-wide assets grew 25.8%, from $90M to $113M.

Where does Sheet Metal Workers Local No.20 Gary Area Pension rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local No.20 Gary Area Pension ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local No.20 Gary Area Pension? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Textron Automotive Functional Components Cwc Division, a Division of Textron Inc. Hourly-Rated Employees' Pension Plan in RI ($113M, 88 participants).

Next read for Sheet Metal Workers Local No.20 Gary Are…

Scale reading

Ways to act on Sheet Metal Workers Local No.20 Gary Area Pension's numbers.

By total assets, Sheet Metal Workers Local No.20 Gary Area Pension ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
Trustees of Sheet Metal Workers Local 20 Gary Area Pension Fund's sponsor-wide assets have grown 25.8% 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 356057213.