Defined Benefit (Pension) · DOL Form 5500 · 2024
Board of Trustees - Sheet Metal Workers Local 98 Pension Fund Pension Plan
Data updated 2026-08-25
- $169M
- Total assets Near avg plan size
- 741
- Participants Near avg headcount
- 94th
- Percentile by assets National rank
- $227,725
- Avg per participant Above avg balance/head
Official DOL plan name: Sheet Metal Workers Local 98 Pension Fund · Sponsored by Board of Trustees - Sheet Metal Workers Local 98 Pension Fund · West Virginia · Manufacturing
$169M in assets, 741 participants
Board of Trustees - Sheet Metal Workers Local 98 Pension Fund's Sheet Metal Workers Local 98 Pension Fund reported $169M in total assets and 741 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- #16,048 in Manufacturing (17,777 peers)
Where Sheet Metal Workers Local 98 Pension Fund sits by assets
Sheet Metal Workers Local 98 Pension Fund sits in the top 10% of all filed plans by assets, $169M for 741 participants (~$227,725/participant), up 13.2% in 2024.
- #16,048
- in Manufacturing (17,777 peers)
- +13.2%
- assets growth YoY
- 1.7×
- vs typical plan assets (national mean)
Sheet Metal Workers Local 98 Pension Fund's outsized position by total assets
Sheet Metal Workers Local 98 Pension Fund vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$168,744,285 Top 6% higher than 94% 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 Local 98 Pension Fund among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers Local 98 Pension Fund sits mid-pack in the medium band (741 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sheet Metal Workers Local 98 Pension Fund reported net income rose from $14M in the plan year 2023 filing to $19M in the plan year 2024 filing.
- Sheet Metal Workers Local 98 Pension Fund end-of-year assets rose from $149M in the plan year 2023 filing to $169M in the plan year 2024 filing.
- Sheet Metal Workers Local 98 Pension Fund reported participants rose from 658 in the plan year 2023 filing to 741 in the plan year 2024 filing.
DOL schedule card
Filing strip 316171213 · Board of Trustees - Sheet Metal Workers Local 98 Pension Fund PY 2024 · Defined Benefit (Pension)
Sheet Metal Workers Local 98 Pension Fund · $169M · 741 · 94th
- SCH $169M
- EBSA 741
- PART 94th
- TYPE Defined Benefit (Pension)
- NET near Norton Healthcare, Inc. Retirement Plan
- BOOK ind #16048
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 Manufacturing retirement plans → · Plans in West Virginia →
Sheet Metal Workers Local 98 Pension Fund in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $149M |
|---|---|
| Net Assets (End of Year) | $169M |
| Net Income | $19M |
| Employer EIN | 316171213 |
| Plan Effective Date | 1964-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Board of Trustees - Sheet Metal Workers Local 98 Pension Fund)
Sponsor-wide plan assets over time
All Board of Trustees - Sheet Metal Workers Local 98 Pension Fund plans reported in each filing year
- Latest sponsor-wide plan assets
- $169M 24.966132105531656% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 662 | $135M |
| 2023 | 1 | 658 | $149M |
| 2024 | 1 | 741 | $169M |
Nearby Defined Benefit (Pension) Plans in West Virginia
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- West Virginia Laborers Pension Trust Fund $570M · 2,390
- I.U.O.E. Local 132 Pension Fund $559M · 1,858
- United Mine Workers of America 1985 Construction Workers Pension Plan $470M · 197
- Employer - Teamsters Local Nos 175 & 505 Pension Trust Fund $453M · 1,685
- Maryland Electrical Industry Pension Plan $289M · 1,784
Sheet Metal Workers Local 98 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside West Virginia, the nearest Defined Benefit (Pension) by assets is Norton Healthcare, Inc. Retirement Plan in KY ($169M); by covered participants it is Ingredion Pension Plan in IL (741 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($169M here).
- Norton Healthcare, Inc. Retirement Plan (KY) $169M · 2,349
- Smart & Final Pension Plan (CA) $169M · 1,313
- Media Guild Retirement Plan (CA) $169M · 42
- Shore Medical Center Pension Plan (NJ) $168M · 269
Similar participant headcount
Nearest other-state filings by covered participants (741 participants); asset peers above are excluded.
- Ingredion Pension Plan (IL) 741 · 0 off
- Horizon Blue Cross Blue Shield of Nj Employees Retirement Plan II (NJ) 741 · 0 off
- American Bureau of Shipping Pension Plan (TX) 741 · 0 off
- Oakwood Healthcare, Inc. Union Cash Balance Plan (MI) 741 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.