Defined Benefit (Pension) · DOL Form 5500 · 2024
Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension Pension Plan
Data updated 2026-08-25
- $121M
- Total assets Near avg plan size
- 371
- Participants Below avg headcount
- 92nd
- Percentile by assets National rank
- $327,469
- Avg per participant High balance/head
Official DOL plan name: Sheet Metal Workers Local 7, Zone 2 Pension Plan · Sponsored by Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension · Michigan · Construction
$121M in assets, 371 participants
Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension's Sheet Metal Workers Local 7, Zone 2 Pension Plan reported $121M in total assets and 371 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.
- #8,157 in Construction (9,039 peers)
Where Sheet Metal Workers Local 7, Zone 2 Pension Plan sits by assets
Sheet Metal Workers Local 7, Zone 2 Pension Plan sits in the top 10% of all filed plans by assets, $121M for 371 participants (~$327,469/participant), up 12.7% in 2024.
- #8,157
- in Construction (9,039 peers)
- +12.7%
- assets growth YoY
- 1.2×
- vs typical plan assets (national mean)
Sheet Metal Workers Local 7, Zone 2 Pension Plan's outsized position by total assets
Sheet Metal Workers Local 7, Zone 2 Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$121,491,135 Top 8% higher than 92% of 123,620 filed plans
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 7, Zone 2 Pension Plan 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 7, Zone 2 Pension Plan sits mid-pack in the medium band (371 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sheet Metal Workers Local 7, Zone 2 Pension Plan end-of-year assets rose from $108M in the plan year 2023 filing to $121M in the plan year 2024 filing.
- Sheet Metal Workers Local 7, Zone 2 Pension Plan reported net income rose from $14M in the plan year 2023 filing to $14M in the plan year 2024 filing.
- Sheet Metal Workers Local 7, Zone 2 Pension Plan reported participants rose from 353 in the plan year 2023 filing to 371 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 381616942 · Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension PY 2024 · Defined Benefit (Pension)
Sheet Metal Workers Local 7, Zone 2 Pension Plan · $121M · 371 · 92nd
- NET $121M
- NET 371
- NET 92nd
- NET Defined Benefit (Pension)
- NET near Nippon Express U.S.a. Group Pension Plan
- NET ind #8157
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 7, Zone 2 Pension Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $108M |
|---|---|
| Net Assets (End of Year) | $121M |
| Net Income | $14M |
| Employer EIN | 381616942 |
| Plan Effective Date | 1966-01-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension)
Sponsor-wide plan assets over time
All Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension plans reported in each filing year
- Latest sponsor-wide plan assets
- $121M 28.88639124552485% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 353 | $94M |
| 2023 | 1 | 353 | $108M |
| 2024 | 1 | 371 | $121M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
Sheet Metal Workers Local 7, Zone 2 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Michigan, the nearest Defined Benefit (Pension) by assets is Nippon Express U.S.a. Group Pension Plan in IL ($122M); by covered participants it is Pension Plan for Employees of St. Lukes Hospital of Duluth in MN (371 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($121M here).
- Nippon Express U.S.a. Group Pension Plan (IL) $122M · 197
- Swedish Health Services Retiree Pension Plan (WA) $121M · N/A
- Rsm US LLP Market Based Cash Balance Plan (IA) $121M · 1,068
- The Museum of Modern Art Pension Plan (NY) $121M · 144
Similar participant headcount
Nearest other-state filings by covered participants (371 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.