Profit Sharing · DOL Form 5500 · 2024

Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund Profit Sharing Plan

Data updated 2026-07-24

$38M
Total assets: 389
Participants: 81st
Percentile by assets: $97,185
Avg per participant

Official DOL plan name: Sheet Metal Workers Local Union No.71 Annuity Fund · Sponsored by Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund · New York · Construction

$38M in assets, 389 participants

Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund's Sheet Metal Workers Local Union No.71 Annuity Fund reported $38M in total assets and 389 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.

81st percentile by assets (of 116,472 plans)

Coverage in New York

Sheet Metal Workers Local Union No.71 Annuity Fund covers 389 participants in New York, about 49% of the average New York filer (state average ~795 per filing). Assets: $38M.

$38M
total plan assets (2024 EOY): 389
covered participants: 81st
percentile by assets (of 116,472 plans): $97,185
avg assets per participant

Sheet Metal Workers Local Union No.71 Annuity Fund reported net income fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.
Sheet Metal Workers Local Union No.71 Annuity Fund end-of-year assets rose from $34M in the plan year 2023 filing to $38M in the plan year 2024 filing.
Sheet Metal Workers Local Union No.71 Annuity Fund reported participants fell from 404 in the plan year 2023 filing to 389 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.71 Annuity Fund reports 389 participants - about 49% of that state average ($38M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)	$34M
Net Assets (End of Year)	$38M
Net Income	$4M
Employer EIN	161592883
Plan Effective Date	2000-08-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund)

Total plan assets by year, all Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund plans on file

Year	Plans	Participants	Total Assets
2022	1	407	$29M
2023	1	404	$34M
2024	1	389	$38M

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.71 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.71 An… 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.71 Annuity Fund by total assets, not by location.

Artis Naples, Inc. Retirement Plan (FL) $38M · 358
Messer Construction Co. Hourly Employees' Retirement Plan (OH) $38M · 651
Presbyterian Medical Services Discretionary Contribution Plan (NM) $38M · 996
The Heritage Foundation Retirement Plan (DC) $38M · 279

Frequently Asked Questions

How did Sheet Metal Workers Local Union No.71 Annuity Fund assets move in 2024? ▼

Sheet Metal Workers Local Union No.71 Annuity Fund grew at a solid clip - up 10.5% during 2024, from $34M to $38M. Reported net income was $4M.

How have Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Board of Trustees Sheet Metal Workers Local No. 71 Annuity Fund's sponsor-wide assets grew 29.8%, from $29M to $38M.

Where does Sheet Metal Workers Local Union No.71 Annuity Fund rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Local Union No.71 Annuity Fund ranks in the 81st percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which Profit Sharing plans are similar in size to Sheet Metal Workers Local Union No.71 Annuity Fund? ▼

Among Profit Sharing plans in other states, the closest by assets is Artis Naples, Inc. Retirement Plan in FL ($38M, 358 participants).

Next read for Sheet Metal Workers Local Union No.71 An…

Filing takeaways

Ways to act on Sheet Metal Workers Local Union No.71 Annuity Fund's numbers.

By total assets, Sheet Metal Workers Local Union No.71 Annuity Fund ranks in the top quartile 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 Sheet Metal Workers Local No. 71 Annuity Fund's sponsor-wide assets have grown 29.8% 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 161592883.

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.