401(k) · DOL Form 5500 · 2024
Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k) Plan
Data updated 2026-08-25
- $214M
- Total assets Near avg plan size
- 1,243
- Participants Near avg headcount
- 95th
- Percentile by assets National rank
- $171,797
- Avg per participant Above avg balance/head
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.
- #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.
- #8,462
- in Construction (9,039 peers)
- +6.1%
- assets growth YoY
- 2.1×
- vs typical plan assets (national mean)
Sheet Metal Workers Union Local 38 Profit Sharing Fund's outsized position 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's large-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers Union Local 38 Profit Sharing Fund lands in the large band (1,243 participants).
What changed between DOL Form 5500 filings
plan year 2023 → 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.
DOL schedule card
Filing strip 133319782 · Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd PY 2024 · 401(k)
Sheet Metal Workers Union Local 38 Profit Sharing Fund · $214M · 1,243 · 95th
- PCT $214M
- PCT 1,243
- PCT 95th
- PCT 401(k)
- PCT near Hutchinson Corporation 401(k) Plan & Trust
- PCT ind #8462
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 Union Local 38 Profit Sharing Fund in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Bd of Trustees of Sheet Metal Workers Union L38 Profit Sharing Fd plans reported in each filing year
- Latest sponsor-wide plan assets
- $214M 14.487270903877922% vs 2022
- 2024 filing year
| 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.
- 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
Sheet Metal Workers Union Local 38 Profit Sharing Fund's out-of-state 401(k) peers by assets and headcount
Outside New York, the nearest 401(k) by assets is Hutchinson Corporation 401(k) Plan & Trust in MI ($214M); by covered participants it is Mutual of Omaha Mortgage 401(k) Plan in CA (1,243 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($214M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,243 participants); asset peers above are excluded.
- Mutual of Omaha Mortgage 401(k) Plan (CA) 1,243 · 0 off
- Gps Navigator Pooled Employer Plan (OH) 1,243 · 0 off
- Mcgrath Rentcorp Employee Stock Ownership and 401(k) Plan (CA) 1,242 · 1 off
- Sumiriko Tennessee, Inc. 401(k) Savings Plan (TN) 1,244 · 1 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.