Defined Benefit (Pension) · DOL Form 5500 · 2024

Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund Pension Plan

Data updated 2026-08-25

$57M
Total assets Below avg plan size
300
Participants Below avg headcount
86th
Percentile by assets National rank
$189,627
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sheet Metal Workers' Local No. 40 Pension Fund · Sponsored by Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund · New York · Construction

$57M in assets, 300 participants

Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund's Sheet Metal Workers' Local No. 40 Pension Fund reported $57M in total assets and 300 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,565 in Construction (9,039 peers)

Coverage in New York

Sheet Metal Workers' Local No. 40 Pension Fund covers 300 participants in New York, about 38% of the average New York filer (state average ~798 per filing). Assets: $57M.

#7,565
in Construction (9,039 peers)
+9.9%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Sheet Metal Workers' Local No. 40 Pension Fund's outsized position by total assets

Sheet Metal Workers' Local No. 40 Pension Fund vs every filed plan by assets

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

$56,888,192 Top 14% higher than 86% 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 No. 40 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 No. 40 Pension Fund sits mid-pack in the medium band (300 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sheet Metal Workers' Local No. 40 Pension Fund end-of-year assets rose from $52M in the plan year 2023 filing to $57M in the plan year 2024 filing.
  • Sheet Metal Workers' Local No. 40 Pension Fund reported net income fell from $4M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Sheet Metal Workers' Local No. 40 Pension Fund reported participants rose from 286 in the plan year 2023 filing to 300 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 066157817 · Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund PY 2024 · Defined Benefit (Pension)

Sheet Metal Workers' Local No. 40 Pension Fund · $57M · 300 · 86th

  • NET $57M
  • BOOK 300
  • VS-ST 86th
  • BOY Defined Benefit (Pension)
  • SCH near Pension Plan of Chevron Mining Inc. for Employees Represented by the Umwa
  • EBSA ind #7565

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' Local No. 40 Pension Fund in the asset neighbourhood

Group Retirement Income Plan No. 12Group Retirement Income Plan…$57MAmerican Board of Pediatrics, Inc. Pension PlanAmerican Board of Pediatrics…$57MSheet Metal Workers' Local No. 40 Pension FundSheet Metal Workers' Local N…$57MPension Plan of Chevron Mining Inc. for Employees Represented by the UmwaPension Plan of Chevron Mini…$57MState Volunteer Mutual Insurance Company Retirement PlanState Volunteer Mutual Insur…$57M
End-of-year total assets ($M) among Sheet Metal Workers' Local No. 40 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$56M
Net Income$4M
Employer EIN066157817
Plan Effective Date1956-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund)

Sponsor-wide plan assets over time

All Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$57M 20.08051497159686% vs 2022
2024 filing year
$45M$50M$55M$60M 202220232024 $47.4M $56.9M ▲ +20.1%
Year Plans Participants Total Assets
2022 1 288 $47M
2023 1 286 $52M
2024 1 300 $57M

Nearby Defined Benefit (Pension) Plans in New York

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

Sheet Metal Workers' Local No. 40 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Sheet Metal Workers' Local No. 40 Pension Fund, Total assets ($B): 0.056888192 · Participants: 300Sheet Metal Workers' Local No. 40 Pension FundIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
Sheet Metal Workers' Local No. 40 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Sheet Metal Workers' Local No. 40 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers' Local No. 40 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Pension Plan of Chevron Mining Inc. for Employees Represented by the Umwa in TX ($57M); by covered participants it is Duke Energy Legacy Pension Plan in NC (300 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (300 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 No. 40 Pension Fund assets move in 2024? ▼
Sheet Metal Workers' Local No. 40 Pension Fund grew at a solid clip - up 9.9% during 2024, from $52M to $57M. Reported net income was $4M.
How have Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees Sheet Metal Workers' Local No. 40 Pension Fund's sponsor-wide assets grew 20.1%, from $47M to $57M.
Where does Sheet Metal Workers' Local No. 40 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' Local No. 40 Pension Fund ranks in the 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers' Local No. 40 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan of Chevron Mining Inc. for Employees Represented by the Umwa in TX ($57M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers' Local No. 40 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Duke Energy Legacy Pension Plan in NC (300 participants, $2.4B 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 066157817.

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.