Profit Sharing · DOL Form 5500 · 2024

Board of Trustees of Smw Lu No. 28 Annuity Fund Profit Sharing Plan

Data updated 2026-07-24

$590M
Total assets: 3,756
Participants: 98th
Percentile by assets: $156,974
Avg per participant

Official DOL plan name: Sheet Metal Workers Local Union No. 28 Annuity Fund · Sponsored by Board of Trustees of Smw Lu No. 28 Annuity Fund · New York · Construction

$590M in assets, 3,756 participants

Board of Trustees of Smw Lu No. 28 Annuity Fund's Sheet Metal Workers Local Union No. 28 Annuity Fund reported $590M in total assets and 3,756 participants in its 2024 DOL Form 5500 filing, ranking in the 98th 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.

98th percentile by assets (of 116,472 plans)

Coverage in New York

Sheet Metal Workers Local Union No. 28 Annuity Fund covers 3,756 participants in New York, 4.7x the typical New York plan (state average ~795 per filing). Assets: $590M.

$590M
total plan assets (2024 EOY): 3,756
covered participants: 98th
percentile by assets (of 116,472 plans): $156,974
avg assets per participant

Sheet Metal Workers Local Union No. 28 Annuity Fund reported net income fell from $30M in the plan year 2023 filing to $18M in the plan year 2024 filing.
Sheet Metal Workers Local Union No. 28 Annuity Fund end-of-year assets rose from $571M in the plan year 2023 filing to $590M in the plan year 2024 filing.
Sheet Metal Workers Local Union No. 28 Annuity Fund reported participants fell from 3,817 in the plan year 2023 filing to 3,756 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

New York

Industry

Construction

Participants vs New York filers

In New York, the average filing covers about 795 participants across 8,491 plans. Sheet Metal Workers Local Union No. 28 Annuity Fund reports 3,756 participants - 4.7x that state average ($590M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$571M
Net Assets (End of Year)	$590M
Net Income	$18M
Employer EIN	133073165
Plan Effective Date	1981-03-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees of Smw Lu No. 28 Annuity Fund)

Total plan assets by year, all Board of Trustees of Smw Lu No. 28 Annuity Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	3,871	$541M
2023	1	3,817	$571M
2024	1	3,756	$590M

Nearby Profit Sharing Plans in New York

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Sheet Metal Workers Local Union No. 28 Annuity Fund vs. nearby Profit Sharing plans in New York, assets vs. participants

Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $2.1B · 3,278
Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.8B · 5,817
The Research Foundation for the State University of New York Retirement Plan $1.3B · 9,758
Rochester Regional Health 403(b) Defined Contribution Plan $987M · 15,432
Mason Tenders District Council Annuity Fund $944M · 11,824

Compare Sheet Metal Workers Local Union No. 28 A… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Sheet Metal Workers Local Union No. 28 Annuity Fund by total assets, not by location.

Regions Hospital Retirement Savings 401(k) Plan (MN) $602M · 6,323
Care New England 403(b) Match & Savings Plan (RI) $570M · 7,381
Cargill Employee Retirement Account Plan (MN) $613M · 20,683
International Union of Operating Engineers Joint Annuity Fund of Eastern Pennsylvania and Delaware (PA) $562M · 9,614

Frequently Asked Questions

How did Sheet Metal Workers Local Union No. 28 Annuity Fund assets move in 2024? ▼

Sheet Metal Workers Local Union No. 28 Annuity Fund edged up modestly - up 3.2% during 2024, from $571M to $590M. Reported net income was $18M.

How have Board of Trustees of Smw Lu No. 28 Annuity Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees of Smw Lu No. 28 Annuity Fund's sponsor-wide assets grew 8.9%, from $541M to $590M.

Where does Sheet Metal Workers Local Union No. 28 Annuity Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local Union No. 28 Annuity Fund ranks in the 98th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Profit Sharing plans are similar in size to Sheet Metal Workers Local Union No. 28 Annuity Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Regions Hospital Retirement Savings 401(k) Plan in MN ($602M, 6,323 participants).

Next read for Sheet Metal Workers Local Union No. 28 A…

Filing takeaways

Ways to act on Sheet Metal Workers Local Union No. 28 Annuity Fund's numbers.

By total assets, Sheet Metal Workers Local Union No. 28 Annuity Fund ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in New York. Compare plans
Board of Trustees of Smw Lu No. 28 Annuity Fund's sponsor-wide assets have grown 8.9% 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 133073165.

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.