Defined Benefit (Pension) · DOL Form 5500 · 2024

Sheet Metal Workers Pension Trust Pension Plan

Data updated 2026-08-25

$1.6B
Total assets Very large vs avg
5,468
Participants Above avg headcount
99th
Percentile by assets National rank
$292,172
Avg per participant High balance/head
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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.

  • #8,960 in Construction (9,039 peers)

Coverage in California

Sheet Metal Workers Pension Plan of Northern California covers 5,468 participants in California, 8.7x the typical California plan (state average ~630 per filing). Assets: $1.6B.

#8,960
in Construction (9,039 peers)
+4.8%
assets growth YoY
16×
vs typical plan assets (national mean)

Sheet Metal Workers Pension Plan of Northern California's outsized position by total assets

Sheet Metal Workers Pension Plan of Northern California vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,597,597,338 Top 1% higher than 99% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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 Pension Plan of Northern California's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers Pension Plan of Northern California lands in the large band (5,468 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

Published 5500 schedule card

Filing strip 516115939 · Sheet Metal Workers Pension Trust PY 2024 · Defined Benefit (Pension)

Sheet Metal Workers Pension Plan of Northern California · $1.6B · 5,468 · 99th

  • PART $1.6B
  • PART 5,468
  • PART 99th
  • PART Defined Benefit (Pension)
  • PART near National Integrated Group Pension Plan
  • PART ind #8960

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 California →

Sheet Metal Workers Pension Plan of Northern California in the asset neighbourhood

Sheet Metal Workers Pension Plan of Northern CaliforniaSheet Metal Workers Pension …$1.6BNational Integrated Group Pension PlanNational Integrated Group Pe…$1.6BBasf Corporation Salaried Employees' Pension PlanBasf Corporation Salaried Em…$1.6BBosch Pension Plan$1.6BNECA-IBEW Pension Trust Fund$1.6B
End-of-year total assets ($B) among Sheet Metal Workers Pension Plan of Northern California and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$1.5B
Net Assets (End of Year)$1.6B
Net Income$73M
Employer EIN516115939
Plan Effective Date1958-12-23
Filing StatusFILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Pension Trust)

Sponsor-wide plan assets over time

All Sheet Metal Workers Pension Trust plans reported in each filing year

Latest sponsor-wide plan assets
$1.6B 12.950054017272652% vs 2022
2024 filing year
$1.3B$1.4B$1.5B$1.6B$1.7B 202220232024 $1.41B $1.6B ▲ +13.5%
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 Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Sheet Metal Workers Pension Plan of Northern California, Total assets ($B): 1.597597338 · Participants: 5468Sheet Metal Workers Pension Plan of Northern CaliforniaKaiser Permanente Retirement Plan, Total assets ($B): 34.452234723 · Participants: 135057Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.60716624 · Participants: 27500Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 11.441381434 · Participants: 18983Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Western States Carpenters Pension Plan, Total assets ($B): 11.342334451 · Participants: 48582Western States Carpenters Pension PlanIlwu-Pma Pension Plan, Total assets ($B): 10.798538721 · Participants: 15833Ilwu-Pma Pension Plan
Sheet Metal Workers Pension Plan of Northern California vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Sheet Metal Workers Pension Plan of Northern California side-by-side with 3 peers →

Scale composition for Sheet Metal Workers Pension Plan of Northern California

Sheet Metal Workers Pension Plan of Northern California reports $1.6B in end-of-year assets across 5,468 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $292,172 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2024 was $73M.

This plan identity (EIN 516115939, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.4B to $1.6B (+13.0%) while covered participants moved from 5,634 to 5,468 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,634 $1.4B Open filing
2023 5,496 $1.5B Open filing
2024 · index core 5,468 $1.6B This page

Sheet Metal Workers Pension Plan of Northern California's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is National Integrated Group Pension Plan in PA ($1.6B); by covered participants it is Beth Israel Lahey Health Defined Benefit Plan I in MA (5,443 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (5,468 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.

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 123,622 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Pension Plan of Northern California? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Beth Israel Lahey Health Defined Benefit Plan I in MA (5,443 participants, $703M in assets).

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.