Defined Benefit (Pension) · DOL Form 5500 · 2024

Bd of Trustees Sheet Metal Workers' National Pension Fund Pension Plan

Data updated 2026-08-25

$8.9B
Total assets Very large vs avg
63,530
Participants Very large workforce
100th
Percentile by assets National rank
$140,127
Avg per participant Near avg balance/head
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Official DOL plan name: Sheet Metal Workers' National Pension Fund · Sponsored by Bd of Trustees Sheet Metal Workers' National Pension Fund · Virginia · Construction

$8.9B in assets, 63,530 participants

Bd of Trustees Sheet Metal Workers' National Pension Fund's Sheet Metal Workers' National Pension Fund reported $8.9B in total assets and 63,530 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.

  • #9,035 in Construction (9,039 peers)

Coverage in Virginia

Sheet Metal Workers' National Pension Fund covers 63,530 participants in Virginia, 81x the typical Virginia plan (state average ~782 per filing). Assets: $8.9B.

#9,035
in Construction (9,039 peers)
+7.2%
assets growth YoY
89×
vs typical plan assets (national mean)

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

Sheet Metal Workers' National Pension Fund vs every filed plan by assets

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

$8,902,237,059 Highest reported value at or above every one 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' National Pension Fund's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers' National Pension Fund is a mega filing (63,530 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sheet Metal Workers' National Pension Fund reported net income fell from $943M in the plan year 2023 filing to $721M in the plan year 2024 filing.
  • Sheet Metal Workers' National Pension Fund end-of-year assets rose from $8.3B in the plan year 2023 filing to $8.9B in the plan year 2024 filing.
  • Sheet Metal Workers' National Pension Fund reported participants rose from 61,272 in the plan year 2023 filing to 63,530 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 526112463 · Bd of Trustees Sheet Metal Workers' National Pension Fund PY 2024 · Defined Benefit (Pension)

Sheet Metal Workers' National Pension Fund · $8.9B · 63,530 · 100th

  • EBSA $8.9B
  • EBSA 63,530
  • EBSA 100th
  • EBSA Defined Benefit (Pension)
  • EBSA near GE Energy Pension Plan
  • EBSA ind #9035

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 Virginia →

Sheet Metal Workers' National Pension Fund in the asset neighbourhood

Caterpillar Inc. Retirement Income PlanCaterpillar Inc. Retirement …$9.2BNew England Teamsters Pension FundNew England Teamsters Pensio…$9.1BGE Energy Pension Plan$8.9BSheet Metal Workers' National Pension FundSheet Metal Workers' Nationa…$8.9B3M Employee Retirement Income Plan3M Employee Retirement Incom…$8.9B
End-of-year total assets ($B) among Sheet Metal Workers' National Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$8.3B
Net Assets (End of Year)$8.3B
Net Income$721M
Employer EIN526112463
Plan Effective Date1966-05-16
Filing StatusFILING RECEIVED

Sponsor Plan History (Bd of Trustees Sheet Metal Workers' National Pension Fund)

Sponsor-wide plan assets over time

All Bd of Trustees Sheet Metal Workers' National Pension Fund plans reported in each filing year

Latest sponsor-wide plan assets
$8.9B 24.41560870830239% vs 2022
2024 filing year
$6B$7B$8B$9B$10B 202220232024 $7.16B $8.9B ▲ +24.3%
Year Plans Participants Total Assets
2022 1 61,068 $7.2B
2023 1 61,272 $8.3B
2024 1 63,530 $8.9B

Nearby Defined Benefit (Pension) Plans in Virginia

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

Sheet Metal Workers' National Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 5101520 Total assets ($B) Participants Sheet Metal Workers' National Pension Fund, Total assets ($B): 8.902237059 · Participants: 63530Sheet Metal Workers' National Pension FundNorthrop Grumman Pension Plan, Total assets ($B): 18.781759216 · Participants: 12678Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 11.481735153 · Participants: 56633Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.398702873 · Participants: 6737Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 8.332769083 · Participants: 11758Dominion Energy Pension PlanUnited Association National Pension Fund, Total assets ($B): 7.726101653 · Participants: 88454United Association National Pension Fund
Sheet Metal Workers' National Pension Fund vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Sheet Metal Workers' National Pension Fund side-by-side with 3 peers →

Scale composition for Sheet Metal Workers' National Pension Fund

Sheet Metal Workers' National Pension Fund reports $8.9B in end-of-year assets across 63,530 participants (0.072% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.068% of 93,925,755 covered participants) - about $140,127 per participant (1.0x the national average assets-per-participant) . Net income for plan year 2024 was $721M.

This plan identity (EIN 526112463, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.2B to $8.9B (+24.4%) while covered participants moved from 61,068 to 63,530 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 61,068 $7.2B Open filing
2023 61,272 $8.3B Open filing
2024 · index core 63,530 $8.9B This page

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

Outside Virginia, the nearest Defined Benefit (Pension) by assets is GE Energy Pension Plan in NY ($8.9B); by covered participants it is U.S. Bank Pension Plan in MN (62,822 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (63,530 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' National Pension Fund assets move in 2024? ▼
Sheet Metal Workers' National Pension Fund grew at a solid clip - up 7.2% during 2024, from $8.3B to $8.9B. Reported net income was $721M.
How have Bd of Trustees Sheet Metal Workers' National Pension Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bd of Trustees Sheet Metal Workers' National Pension Fund's sponsor-wide assets grew 24.4%, from $7.2B to $8.9B.
Where does Sheet Metal Workers' National Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' National Pension Fund ranks in the 100th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers' National Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is GE Energy Pension Plan in NY ($8.9B, 5,829 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers' National Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is U.S. Bank Pension Plan in MN (62,822 participants, $4.4B 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 526112463.

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.