Defined Benefit (Pension) · DOL Form 5500 · 2024

Sheet Metal Workers Local 224 Pension Fund Bd of Trustees Pension Plan

Data updated 2026-08-25

$76M
Total assets Below avg plan size
299
Participants Below avg headcount
88th
Percentile by assets National rank
$255,108
Avg per participant Above avg balance/head
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Official DOL plan name: Sheet Metal Workers Local 224 Pension Fund · Sponsored by Sheet Metal Workers Local 224 Pension Fund Bd of Trustees · Michigan · Construction

$76M in assets, 299 participants

Sheet Metal Workers Local 224 Pension Fund Bd of Trustees's Sheet Metal Workers Local 224 Pension Fund reported $76M in total assets and 299 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,820 in Construction (9,039 peers)

Coverage in Michigan

Sheet Metal Workers Local 224 Pension Fund covers 299 participants in Michigan, about 47% of the average Michigan filer (state average ~638 per filing). Assets: $76M.

#7,820
in Construction (9,039 peers)
+10.9%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Sheet Metal Workers Local 224 Pension Fund's outsized position by total assets

Sheet Metal Workers Local 224 Pension Fund vs every filed plan by assets

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

$76,277,176 Top 12% higher than 88% 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 224 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 224 Pension Fund sits mid-pack in the medium band (299 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sheet Metal Workers Local 224 Pension Fund reported net income rose from $6M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Sheet Metal Workers Local 224 Pension Fund end-of-year assets rose from $69M in the plan year 2023 filing to $76M in the plan year 2024 filing.
  • Sheet Metal Workers Local 224 Pension Fund reported participants rose from 270 in the plan year 2023 filing to 299 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 316171353 · Sheet Metal Workers Local 224 Pension Fund Bd of Trustees PY 2024 · Defined Benefit (Pension)

Sheet Metal Workers Local 224 Pension Fund · $76M · 299 · 88th

  • TYPE $76M
  • NET 299
  • BOOK 88th
  • VS-ST Defined Benefit (Pension)
  • BOY near Ret Inc Plan for Ees of the Knapheide Mfg Co. Local 822
  • SCH ind #7820

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 Michigan →

Sheet Metal Workers Local 224 Pension Fund in the asset neighbourhood

Wtb Financial Corporation Pension PlanWtb Financial Corporation Pe…$76MPlumbers & Pipefitters Local 152 Pension Tr FundPlumbers & Pipefitters Local…$76MRet Inc Plan for Ees of the Knapheide Mfg Co. Local 822Ret Inc Plan for Ees of the …$76MSheet Metal Workers Local 224 Pension FundSheet Metal Workers Local 22…$76MDayton Children's Hospital Pension PlanDayton Children's Hospital P…$76M
End-of-year total assets ($M) among Sheet Metal Workers Local 224 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$69M
Net Assets (End of Year)$76M
Net Income$8M
Employer EIN316171353
Plan Effective Date1963-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Local 224 Pension Fund Bd of Trustees)

Sponsor-wide plan assets over time

All Sheet Metal Workers Local 224 Pension Fund Bd of Trustees plans reported in each filing year

Latest sponsor-wide plan assets
$76M 20.922989828570095% vs 2022
2024 filing year
$60M$65M$70M$75M$80M 202220232024 $63.1M $76.3M ▲ +20.9%
Year Plans Participants Total Assets
2022 1 246 $63M
2023 1 270 $69M
2024 1 299 $76M

Nearby Defined Benefit (Pension) Plans in Michigan

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

Sheet Metal Workers Local 224 Pension Fund vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Sheet Metal Workers Local 224 Pension Fund, Total assets ($B): 0.076277176 · Participants: 299Sheet Metal Workers Local 224 Pension FundGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 42.453822995 · Participants: 15648General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 17.842898898 · Participants: 25742Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.116125366 · Participants: 8585Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 10.930410978 · Participants: 6888Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 10.255300049 · Participants: 12752Fca US LLC UAW Pension Agreement
Sheet Metal Workers Local 224 Pension Fund vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Sheet Metal Workers Local 224 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers Local 224 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Ret Inc Plan for Ees of the Knapheide Mfg Co. Local 822 in IL ($76M); by covered participants it is New York Eye and Ear Infirmary Employees' Pension Plan in NY (299 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (299 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 224 Pension Fund assets move in 2024? ▼
Sheet Metal Workers Local 224 Pension Fund grew at a solid clip - up 10.9% during 2024, from $69M to $76M. Reported net income was $8M.
How have Sheet Metal Workers Local 224 Pension Fund Bd of Trustees plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sheet Metal Workers Local 224 Pension Fund Bd of Trustees's sponsor-wide assets grew 20.9%, from $63M to $76M.
Where does Sheet Metal Workers Local 224 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local 224 Pension Fund ranks in the 88th 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 224 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Ret Inc Plan for Ees of the Knapheide Mfg Co. Local 822 in IL ($76M, 322 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local 224 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is New York Eye and Ear Infirmary Employees' Pension Plan in NY (299 participants, $125M 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 316171353.

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.