Defined Benefit (Pension) · DOL Form 5500 · 2024

Sheet Metal Workers Pension Trust Pension Plan

Data updated 2026-07-24

$1.6B
Total assets: 5,468
Participants: 99th
Percentile by assets: $292,172
Avg per participant

Official DOL plan name: Sheet Metal Workers Pension Plan of Northern California · Sponsored by Sheet Metal Workers Pension Trust · California · Construction

$1.6B in assets, 5,468 participants

Sheet Metal Workers Pension Trust's Sheet Metal Workers Pension Plan of Northern California reported $1.6B in total assets and 5,468 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

99th percentile by assets (of 116,472 plans)

Coverage in California

Sheet Metal Workers Pension Plan of Northern California covers 5,468 participants in California, 8.6x the typical California plan (state average ~637 per filing). Assets: $1.6B.

$1.6B
total plan assets (2024 EOY): 5,468
covered participants: 99th
percentile by assets (of 116,472 plans): $292,172
avg assets per participant

Sheet Metal Workers Pension Plan of Northern California reported net income fell from $130M in the plan year 2023 filing to $73M in the plan year 2024 filing.
Sheet Metal Workers Pension Plan of Northern California end-of-year assets rose from $1.5B in the plan year 2023 filing to $1.6B in the plan year 2024 filing.
Sheet Metal Workers Pension Plan of Northern California reported participants fell from 5,496 in the plan year 2023 filing to 5,468 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

California

Industry

Construction

Participants vs California filers

In California, the average filing covers about 637 participants across 14,392 plans. Sheet Metal Workers Pension Plan of Northern California reports 5,468 participants - 8.6x that state average ($1.6B EOY assets).

California filing particulars

Total Assets (Beginning of Year)	$1.5B
Net Assets (End of Year)	$1.6B
Net Income	$73M
Employer EIN	516115939
Plan Effective Date	1958-12-23
Filing Status	FILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Pension Trust)

Total plan assets by year, all Sheet Metal Workers Pension Trust plans on file

Year	Plans	Participants	Total Assets
2022	1	5,634	$1.4B
2023	1	5,496	$1.5B
2024	1	5,468	$1.6B

Nearby Defined Benefit (Pension) Plans in California

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

Sheet Metal Workers Pension Plan of Northern California vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants

Kaiser Permanente Retirement Plan $34.5B · 135,057
Pacific Gas and Electric Company Retirement Plan $17.6B · 27,500
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $11.4B · 18,983
Western States Carpenters Pension Plan $11.3B · 48,582
Disney Salaried Pension Plan D $10.4B · 9,984

Compare Sheet Metal Workers Pension Plan of Nort… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Sheet Metal Workers Pension Plan of Northern California by total assets, not by location.

National Integrated Group Pension Plan (PA) $1.6B · 2,214
Bosch Pension Plan (MI) $1.6B · 3,086
Basf Corporation Salaried Employees' Pension Plan (NJ) $1.6B · 2,805
Entergy Corporation Retirement Plan VI for Non-Bargaining Employees (LA) $1.6B · 783

Frequently Asked Questions

How did Sheet Metal Workers Pension Plan of Northern California assets move in 2024? ▼

Sheet Metal Workers Pension Plan of Northern California edged up modestly - up 4.8% during 2024, from $1.5B to $1.6B. Reported net income was $73M.

How have Sheet Metal Workers Pension Trust plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Sheet Metal Workers Pension Trust's sponsor-wide assets grew 13.0%, from $1.4B to $1.6B.

Where does Sheet Metal Workers Pension Plan of Northern California rank by assets among Form 5500 filers? ▼

Sheet Metal Workers Pension Plan of Northern California ranks in the 99th percentile by end-of-year assets among 116,472 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 Pension Plan of Northern California? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is National Integrated Group Pension Plan in PA ($1.6B, 2,214 participants).

Next read for Sheet Metal Workers Pension Plan of Nort…

Filing takeaways

Ways to act on Sheet Metal Workers Pension Plan of Northern California's numbers.

By total assets, Sheet Metal Workers Pension Plan of Northern California ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
Sheet Metal Workers Pension Trust's sponsor-wide assets have grown 13.0% 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 516115939.

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.