Defined Benefit (Pension) · DOL Form 5500 · 2024

Trustees of Sheet Metal Workers' Local 10 Pension Fund Pension Plan

Data updated 2026-08-25

$406M
Total assets Above avg plan size
2,616
Participants Above avg headcount
97th
Percentile by assets National rank
$155,224
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sheet Metal Workers' Local 10 Pension Fund · Sponsored by Trustees of Sheet Metal Workers' Local 10 Pension Fund · Minnesota · Construction

$406M in assets, 2,616 participants

Trustees of Sheet Metal Workers' Local 10 Pension Fund's Sheet Metal Workers' Local 10 Pension Fund reported $406M in total assets and 2,616 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,697 in Construction (9,039 peers)

Coverage in Minnesota

Sheet Metal Workers' Local 10 Pension Fund covers 2,616 participants in Minnesota, 2.3x the typical Minnesota plan (state average ~1,126 per filing). Assets: $406M.

#8,697
in Construction (9,039 peers)
+11.0%
assets growth YoY
4.1×
vs typical plan assets (national mean)

Sheet Metal Workers' Local 10 Pension Fund's outsized position by total assets

Sheet Metal Workers' Local 10 Pension Fund vs every filed plan by assets

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

$406,066,785 Top 3% higher than 97% of 123,620 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 2024

Sheet Metal Workers' Local 10 Pension 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' Local 10 Pension Fund lands in the large band (2,616 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sheet Metal Workers' Local 10 Pension Fund end-of-year assets rose from $366M in the plan year 2023 filing to $406M in the plan year 2024 filing.
  • Sheet Metal Workers' Local 10 Pension Fund reported net income fell from $44M in the plan year 2023 filing to $40M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 411562581 · Trustees of Sheet Metal Workers' Local 10 Pension Fund PY 2024 · Defined Benefit (Pension)

Sheet Metal Workers' Local 10 Pension Fund · $406M · 2,616 · 97th

  • VS-ST $406M
  • BOY 2,616
  • SCH 97th
  • EBSA Defined Benefit (Pension)
  • PART near Retirement Plan for Union Represented Employees
  • TYPE ind #8697

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 Minnesota →

Sheet Metal Workers' Local 10 Pension Fund in the asset neighbourhood

Retirement Plan for Employees of S.C. Johnson & SoRetirement Plan for Employee…$407MSheet Metal Workers' Local 10 Pension FundSheet Metal Workers' Local 1…$406MRetirement Plan for Union Represented EmployeesRetirement Plan for Union Re…$406MAbx Air, Inc Pilots Minimum Monthly Retirement Income PlanAbx Air, Inc Pilots Minimum …$406MLiberty Utilities Defined Benefit Pension PlanLiberty Utilities Defined Be…$405M
End-of-year total assets ($M) among Sheet Metal Workers' Local 10 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$366M
Net Assets (End of Year)$406M
Net Income$40M
Employer EIN411562581
Plan Effective Date1986-09-02
Filing StatusFILING RECEIVED

Sponsor Plan History (Trustees of Sheet Metal Workers' Local 10 Pension Fund)

Sponsor-wide plan assets over time

All Trustees of Sheet Metal Workers' Local 10 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$406M 26.187942155203135% vs 2022
2024 filing year
$300M$350M$400M$450M 202220232024 $322M $406M ▲ +26.2%
Year Plans Participants Total Assets
2022 1 2,813 $322M
2023 1 2,612 $366M
2024 1 2,616 $406M

Nearby Defined Benefit (Pension) Plans in Minnesota

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

Sheet Metal Workers' Local 10 Pension Fund vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Sheet Metal Workers' Local 10 Pension Fund, Total assets ($B): 0.406066785 · Participants: 2616Sheet Metal Workers' Local 10 Pension FundMayo Pension Plan, Total assets ($B): 11.816211651 · Participants: 71743Mayo Pension Plan3M Employee Retirement Income Plan, Total assets ($B): 8.87866493 · Participants: 91323M Employee Retirement Income PlanWells Fargo & Company Cash Balance Plan, Total assets ($B): 8.278776602 · Participants: 46875Wells Fargo & Company Cash Balance PlanU.S. Bank Pension Plan, Total assets ($B): 4.38225088 · Participants: 62822U.S. Bank Pension PlanThe Travelers Pension Plan, Total assets ($B): 4.23694343 · Participants: 27237The Travelers Pension Plan
Sheet Metal Workers' Local 10 Pension Fund vs. nearby Defined Benefit (Pension) plans in Minnesota, assets vs. participants
Compare Sheet Metal Workers' Local 10 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers' Local 10 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Minnesota, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Union Represented Employees in NJ ($406M); by covered participants it is Relx Inc. US Retirement Plan in NY (2,617 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,616 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sheet Metal Workers' Local 10 Pension Fund assets move in 2024? ▼
Sheet Metal Workers' Local 10 Pension Fund grew at a solid clip - up 11.0% during 2024, from $366M to $406M. Reported net income was $40M.
How have Trustees of Sheet Metal Workers' Local 10 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Trustees of Sheet Metal Workers' Local 10 Pension Fund's sponsor-wide assets grew 26.2%, from $322M to $406M.
Where does Sheet Metal Workers' Local 10 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' Local 10 Pension Fund ranks in the 97th 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 Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers' Local 10 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Union Represented Employees in NJ ($406M, 945 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers' Local 10 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Relx Inc. US Retirement Plan in NY (2,617 participants, $1.3B in assets).

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 411562581.

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.