401(k) · DOL Form 5500 · 2024

Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k) Plan

Data updated 2026-08-11

$214M
Total assets: 1,243
Participants: 95th
Percentile by assets: $171,797
Avg per participant

Official DOL plan name: Sheet Metal Workers Union Local 38 Profit Sharing Fund · Sponsored by Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd · New York · Construction

$214M in assets, 1,243 participants

Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's Sheet Metal Workers Union Local 38 Profit Sharing Fund reported $214M in total assets and 1,243 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

95th percentile by assets (of 123,622 plans)
#8,462 in Construction (9,039 peers)

Where Sheet Metal Workers Union Local 38 Profit Sharing Fund sits by assets

Sheet Metal Workers Union Local 38 Profit Sharing Fund sits in the top 5% of all filed plans by assets, $214M for 1,243 participants (~$171,797/participant), up 6.1% in 2024.

$214M
total plan assets (2024 EOY): 1,243
covered participants: 95th
percentile by assets (of 123,622 plans): $171,797
avg assets per participant

Where Sheet Metal Workers Union Local 38 Profit Sharing Fund sits by total assets

Sheet Metal Workers Union Local 38 Profit Sharing Fund vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$213,543,051 Top 5% higher than 95% of 123,620 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Sheet Metal Workers Union Local 38 Profit Sharing Fund reported net income fell from $15M in the plan year 2023 filing to $12M in the plan year 2024 filing.
Sheet Metal Workers Union Local 38 Profit Sharing Fund reported participants rose from 1,090 in the plan year 2023 filing to 1,243 in the plan year 2024 filing.
Sheet Metal Workers Union Local 38 Profit Sharing Fund end-of-year assets rose from $201M in the plan year 2023 filing to $214M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New York

Industry

Construction

Sheet Metal Workers Union Local 38 Profit Sharing Fund vs the 2024 asset distribution

By assets, Sheet Metal Workers Union Local 38 Profit Sharing Fund outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$201M
Net Assets (End of Year)	$213M
Net Income	$12M
Employer EIN	133319782
Plan Effective Date	1970-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd)

Total plan assets by year, all Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd plans on file

Year	Plans	Participants	Total Assets
2022	1	951	$187M
2023	1	1,090	$201M
2024	1	1,243	$214M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Union Local 38 Profit Sharing Fund vs. nearby 401(k) plans in New York, assets vs. participants

IBM 401(k) Plan $60.4B · 52,674
Morgan Stanley 401(k) Plan $22.2B · 53,860
Pfizer Savings Plan $22.0B · 33,309
The Pepsico Savings Plan $14.9B · 137,398
The Goldman Sachs 401(k) Plan $12.8B · 23,227

Compare Sheet Metal Workers Union Local 38 Profi… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sheet Metal Workers Union Local 38 Profit Sharing Fund by total assets, not by location.

Hutchinson Corporation 401(k) Plan & Trust (MI) $214M · 2,173
Epcf 401(k) Profit Sharing Plan (FL) $213M · 330
The Lane Construction Corporation 401(k) Savings Plan (NC) $213M · 2,024
Fairfax Radiological Consultants Employees' Profit Sharing Plan (Including the Merged Money Purchase Pension Plan) (VA) $214M · 754

Frequently Asked Questions

How did Sheet Metal Workers Union Local 38 Profit Sharing Fund assets move in 2024? ▼

Sheet Metal Workers Union Local 38 Profit Sharing Fund grew at a solid clip - up 6.1% during 2024, from $201M to $214M. Reported net income was $12M.

How have Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's sponsor-wide assets grew 14.5%, from $187M to $214M.

Where does Sheet Metal Workers Union Local 38 Profit Sharing Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Union Local 38 Profit Sharing Fund ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Sheet Metal Workers Union Local 38 Profit Sharing Fund? ▼

Among 401(k) plans in other states, the closest by assets is Hutchinson Corporation 401(k) Plan & Trust in MI ($214M, 2,173 participants).

Next read for Sheet Metal Workers Union Local 38 Profi…

Scale reading

Ways to act on Sheet Metal Workers Union Local 38 Profit Sharing Fund's numbers.

By total assets, Sheet Metal Workers Union Local 38 Profit Sharing Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in New York. Compare plans
Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd's sponsor-wide assets have grown 14.5% 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 133319782.