Defined Benefit (Pension) · DOL Form 5500 · 2024
Board of Trustees - Sheet Metal Workers Local 98 Pension Fund Pension Plan
Data updated 2026-08-11
- $169M
- Total assets
- 741
- Participants
- 94th
- Percentile by assets
- $227,725
- Avg per participant
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.
- 94th percentile by assets (of 123,622 plans)
- #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.
- $169M
- total plan assets (2024 EOY)
- 741
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $227,725
- avg assets per participant
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.
Sheet Metal Workers Local 98 Pension Fund vs the 2024 asset distribution
By assets, Sheet Metal Workers Local 98 Pension Fund outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.7x the national average plan size of $100M (721 average participants).
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)
| 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.
Sheet Metal Workers Local 98 Pension Fund vs. nearby Defined Benefit (Pension) plans in West Virginia, assets vs. participants
- 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers Local 98 Pension Fund by total assets, not by location.
- 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
Frequently Asked Questions
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Ways to act on Sheet Metal Workers Local 98 Pension Fund's numbers.
- By total assets, Sheet Metal Workers Local 98 Pension Fund ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in West Virginia. Compare plans
- Board of Trustees - Sheet Metal Workers Local 98 Pension Fund's sponsor-wide assets have grown 25.0% since 2022 across 3 plan years on file. More Manufacturing plans