Defined Benefit (Pension) · DOL Form 5500 · 2024

Sheet Metal Workers Pension Fund 46 Pension Plan

Data updated 2026-08-25

$109M
Total assets Near avg plan size
362
Participants Below avg headcount
91st
Percentile by assets National rank
$300,546
Avg per participant High balance/head
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Official DOL plan name: Sheet Metal Workers' Local 46 Pension Fund · Sponsored by Sheet Metal Workers Pension Fund 46 · New York · Construction

$109M in assets, 362 participants

Sheet Metal Workers Pension Fund 46's Sheet Metal Workers' Local 46 Pension Fund reported $109M in total assets and 362 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #8,086 in Construction (9,039 peers)

Coverage in New York

Sheet Metal Workers' Local 46 Pension Fund covers 362 participants in New York, about 45% of the average New York filer (state average ~798 per filing). Assets: $109M.

#8,086
in Construction (9,039 peers)
+4.4%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Sheet Metal Workers' Local 46 Pension Fund's outsized position by total assets

Sheet Metal Workers' Local 46 Pension Fund vs every filed plan by assets

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

$108,797,610 Top 9% higher than 91% 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' Local 46 Pension Fund among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers' Local 46 Pension Fund sits mid-pack in the medium band (362 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sheet Metal Workers' Local 46 Pension Fund reported net income rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Sheet Metal Workers' Local 46 Pension Fund end-of-year assets rose from $104M in the plan year 2023 filing to $109M in the plan year 2024 filing.
  • Sheet Metal Workers' Local 46 Pension Fund reported participants rose from 355 in the plan year 2023 filing to 362 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 516123374 · Sheet Metal Workers Pension Fund 46 PY 2024 · Defined Benefit (Pension)

Sheet Metal Workers' Local 46 Pension Fund · $109M · 362 · 91st

  • TYPE $109M
  • NET 362
  • BOOK 91st
  • VS-ST Defined Benefit (Pension)
  • BOY near Tower International Pension Plan
  • SCH ind #8086

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 New York →

Sheet Metal Workers' Local 46 Pension Fund in the asset neighbourhood

Sheet Metal Workers' Local 46 Pension FundSheet Metal Workers' Local 4…$109MTower International Pension PlanTower International Pension …$109MBrazos Electric Power Cooperative Inc. Pension PlanBrazos Electric Power Cooper…$109MSouthern California Floor Covering Pension Trust FundSouthern California Floor Co…$109MPhiladelphia Federal Credit Union Defined Benefit Plan and TrustPhiladelphia Federal Credit …$109M
End-of-year total assets ($M) among Sheet Metal Workers' Local 46 Pension Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$104M
Net Assets (End of Year)$109M
Net Income$5M
Employer EIN516123374
Plan Effective Date1961-10-26
Filing StatusFILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Pension Fund 46)

Sponsor-wide plan assets over time

All Sheet Metal Workers Pension Fund 46 plans reported in each filing year

Latest sponsor-wide plan assets
$109M 8.999042410355184% vs 2022
2024 filing year
$95M$100M$105M$110M 202220232024 $99.8M $109M ▲ +9.0%
Year Plans Participants Total Assets
2022 1 305 $100M
2023 1 355 $104M
2024 1 362 $109M

Nearby Defined Benefit (Pension) Plans in New York

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

Sheet Metal Workers' Local 46 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Sheet Metal Workers' Local 46 Pension Fund, Total assets ($B): 0.10879761 · Participants: 362Sheet Metal Workers' Local 46 Pension FundIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
Sheet Metal Workers' Local 46 Pension Fund vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Sheet Metal Workers' Local 46 Pension Fund side-by-side with 3 peers →

Sheet Metal Workers' Local 46 Pension Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Tower International Pension Plan in MI ($109M); by covered participants it is All Alaska Longshore Pension Plan in OR (362 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (362 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' Local 46 Pension Fund assets move in 2024? ▼
Sheet Metal Workers' Local 46 Pension Fund edged up modestly - up 4.4% during 2024, from $104M to $109M. Reported net income was $5M.
How have Sheet Metal Workers Pension Fund 46 plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sheet Metal Workers Pension Fund 46's sponsor-wide assets grew 9.0%, from $100M to $109M.
Where does Sheet Metal Workers' Local 46 Pension Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers' Local 46 Pension Fund ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers' Local 46 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Tower International Pension Plan in MI ($109M, 308 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers' Local 46 Pension Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is All Alaska Longshore Pension Plan in OR (362 participants, $124M 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 516123374.

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.