Defined Benefit (Pension) · DOL Form 5500 · 2024
Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension Pension Plan
Data updated 2026-08-11
- $121M
- Total assets
- 371
- Participants
- 92nd
- Percentile by assets
- $327,469
- Avg per participant
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.
- 92nd percentile by assets (of 123,622 plans)
- #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.
- $121M
- total plan assets (2024 EOY)
- 371
- covered participants
- 92nd
- percentile by assets (of 123,622 plans)
- $327,469
- avg assets per participant
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.
Sheet Metal Workers Local 7, Zone 2 Pension Plan vs the 2024 asset distribution
By assets, Sheet Metal Workers Local 7, Zone 2 Pension Plan outranks 92% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.2x the national average plan size of $100M (721 average participants).
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)
| 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.
Sheet Metal Workers Local 7, Zone 2 Pension Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers Local 7, Zone 2 Pension Plan by total assets, not by location.
- 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
Frequently Asked Questions
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Ways to act on Sheet Metal Workers Local 7, Zone 2 Pension Plan's numbers.
- By total assets, Sheet Metal Workers Local 7, Zone 2 Pension Plan 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 Michigan. Compare plans
- Joint Board of Trustees Sheet Meta Workers Local 7, Zone 2 Pension's sponsor-wide assets have grown 28.9% since 2022 across 3 plan years on file. More Construction plans