Defined Benefit (Pension) · DOL Form 5500 · 2024

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

Data updated 2026-07-24

$406M
Total assets: 2,616
Participants: 97th
Percentile by assets: $155,224
Avg per participant

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.

97th percentile by assets (of 116,472 plans)

Coverage in Minnesota

Sheet Metal Workers' Local 10 Pension Fund covers 2,616 participants in Minnesota, 2.3x the typical Minnesota plan (state average ~1,161 per filing). Assets: $406M.

$406M
total plan assets (2024 EOY): 2,616
covered participants: 97th
percentile by assets (of 116,472 plans): $155,224
avg assets per participant

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 →

State

Minnesota

Industry

Construction

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,161 participants across 2,725 plans. Sheet Metal Workers' Local 10 Pension Fund reports 2,616 participants - 2.3x that state average ($406M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$366M
Net Assets (End of Year)	$406M
Net Income	$40M
Employer EIN	411562581
Plan Effective Date	1986-09-02
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Trustees of Sheet Metal Workers' Local 10 Pension Fund plans on file

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

Mayo Pension Plan $11.8B · 71,743
3M Employee Retirement Income Plan $8.9B · 9,132
Wells Fargo & Company Cash Balance Plan $8.3B · 46,875
U.S. Bank Pension Plan $4.4B · 62,822
The Travelers Pension Plan $4.2B · 27,237

Compare Sheet Metal Workers' Local 10 Pension Fu… 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 10 Pension Fund by total assets, not by location.

Retirement Plan for Union Represented Employees (NJ) $406M · 945
Retirement Plan for Employees of S.C. Johnson & So (WI) $407M · 557
Abx Air, Inc Pilots Minimum Monthly Retirement Income Plan (OH) $406M · 108
Liberty Utilities Defined Benefit Pension Plan (AZ) $405M · 578

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 116,472 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).

Next read for Sheet Metal Workers' Local 10 Pension Fu…

Filing takeaways

Ways to act on Sheet Metal Workers' Local 10 Pension Fund's numbers.

By total assets, Sheet Metal Workers' Local 10 Pension Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Minnesota. Compare plans
Trustees of Sheet Metal Workers' Local 10 Pension Fund's sponsor-wide assets have grown 26.2% 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 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.