Defined Benefit (Pension) · DOL Form 5500 · 2024

Sheet Metal Workers Local 85 Pension Fund Pension Plan

Data updated 2026-08-11

$187M
Total assets: 1,055
Participants: 94th
Percentile by assets: $177,548
Avg per participant

Official DOL plan name: Sheet Metal Workers Local 85 Pension Fund · Sponsored by Sheet Metal Workers Local 85 Pension Fund · Tennessee · Construction

$187M in assets, 1,055 participants

Sheet Metal Workers Local 85 Pension Fund's Sheet Metal Workers Local 85 Pension Fund reported $187M in total assets and 1,055 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)
#8,384 in Construction (9,039 peers)

Where Sheet Metal Workers Local 85 Pension Fund sits by assets

Sheet Metal Workers Local 85 Pension Fund sits in the top 10% of all filed plans by assets, $187M for 1,055 participants (~$177,548/participant), up 12.0% in 2024.

$187M
total plan assets (2024 EOY): 1,055
covered participants: 94th
percentile by assets (of 123,622 plans): $177,548
avg assets per participant

Sheet Metal Workers Local 85 Pension Fund end-of-year assets rose from $167M in the plan year 2023 filing to $187M in the plan year 2024 filing.
Sheet Metal Workers Local 85 Pension Fund reported net income rose from $19M in the plan year 2023 filing to $20M in the plan year 2024 filing.
Sheet Metal Workers Local 85 Pension Fund reported participants rose from 1,041 in the plan year 2023 filing to 1,055 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Tennessee

Industry

Construction

Sheet Metal Workers Local 85 Pension Fund vs the 2024 asset distribution

By assets, Sheet Metal Workers Local 85 Pension Fund outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$167M
Net Assets (End of Year)	$187M
Net Income	$20M
Employer EIN	586084968
Plan Effective Date	1967-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Local 85 Pension Fund)

Total plan assets by year, all Sheet Metal Workers Local 85 Pension Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	1,061	$148M
2023	1	1,041	$167M
2024	1	1,055	$187M

Nearby Defined Benefit (Pension) Plans in Tennessee

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

Sheet Metal Workers Local 85 Pension Fund vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants

Fedex Corporation Employees' Pension Plan $26.9B · 125,941
Retirement Plan of International Paper Company $8.2B · 20,795
Pace Industry Union-Management Pension Fund $2.8B · 3,134
Pension Plan for Employees at Ornl $2.4B · 6,357
Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee $2.0B · 2,516

Compare Sheet Metal Workers Local 85 Pension Fun… 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 85 Pension Fund by total assets, not by location.

Wolverine Employees' Pension Plan (MI) $187M · 252
Perkins Coie Cash Balance Plan (WA) $187M · 417
Covington Portfolio Pension Plan (DC) $187M · 308
Trustage Pension Plan for Represented Employees (WI) $187M · 489

Frequently Asked Questions

How did Sheet Metal Workers Local 85 Pension Fund assets move in 2024? ▼

Sheet Metal Workers Local 85 Pension Fund grew at a solid clip - up 12.0% during 2024, from $167M to $187M. Reported net income was $20M.

How have Sheet Metal Workers Local 85 Pension Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Sheet Metal Workers Local 85 Pension Fund's sponsor-wide assets grew 26.5%, from $148M to $187M.

Where does Sheet Metal Workers Local 85 Pension Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local 85 Pension Fund ranks in the 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local 85 Pension Fund? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Wolverine Employees' Pension Plan in MI ($187M, 252 participants).

Next read for Sheet Metal Workers Local 85 Pension Fun…

Scale reading

Ways to act on Sheet Metal Workers Local 85 Pension Fund's numbers.

By total assets, Sheet Metal Workers Local 85 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 Tennessee. Compare plans
Sheet Metal Workers Local 85 Pension Fund's sponsor-wide assets have grown 26.5% 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 586084968.