Defined Benefit (Pension) · DOL Form 5500 · 2023

Sheet Metal Workers Local Union No. 32 Pension Trust Fund Pension Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
161
Participants Small participant base
87th
Percentile by assets National rank
$367,210
Avg per participant High balance/head
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Official DOL plan name: Sheet Metal Workers Local Union No. 32 Pension Trust Fund · Sponsored by Sheet Metal Workers Local Union No. 32 Pension Trust Fund · Florida · Finance & Insurance

$59M in assets, 161 participants

Sheet Metal Workers Local Union No. 32 Pension Trust Fund's Sheet Metal Workers Local Union No. 32 Pension Trust Fund reported $59M in total assets and 161 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,114 in Finance & Insurance (8,869 peers)

Coverage in Florida

Sheet Metal Workers Local Union No. 32 Pension Trust Fund covers 161 participants in Florida, about 26% of the average Florida filer (state average ~628 per filing). Assets: $59M.

#7,114
in Finance & Insurance (8,869 peers)
+1.5%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Sheet Metal Workers Local Union No. 32 Pension Trust Fund's outsized position by total assets

Sheet Metal Workers Local Union No. 32 Pension Trust Fund vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$59,120,793 Top 13% higher than 87% of 127,068 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 2023

Sheet Metal Workers Local Union No. 32 Pension Trust Fund among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sheet Metal Workers Local Union No. 32 Pension Trust Fund sits mid-pack in the medium band (161 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sheet Metal Workers Local Union No. 32 Pension Trust Fund reported net income fell from $2M in the plan year 2022 filing to $838K in the plan year 2023 filing.
  • Sheet Metal Workers Local Union No. 32 Pension Trust Fund end-of-year assets fell from $62M in the plan year 2022 filing to $59M in the plan year 2023 filing.
  • Sheet Metal Workers Local Union No. 32 Pension Trust Fund reported participants rose from 158 in the plan year 2022 filing to 161 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 596152610 · Sheet Metal Workers Local Union No. 32 Pension Trust Fund PY 2023 · Defined Benefit (Pension)

Sheet Metal Workers Local Union No. 32 Pension Trust Fund · $59M · 161 · 87th

  • RANK $59M
  • PHOTO 161
  • IND 87th
  • EOY Defined Benefit (Pension)
  • 5500 near Colony Brands, Inc. Pension Plan
  • ASSETS ind #7114

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 Finance & Insurance retirement plans → · Plans in Florida →

Sheet Metal Workers Local Union No. 32 Pension Trust Fund in the asset neighbourhood

Covia Holdings Corporation Pension PlanCovia Holdings Corporation P…$59MM.S.S.a.-I.L.a. Pension Plan$59MPerini Corporation Pension PlanPerini Corporation Pension P…$59MSheet Metal Workers Local Union No. 32 Pension Trust FundSheet Metal Workers Local Un…$59MColony Brands, Inc. Pension PlanColony Brands, Inc. Pension …$59M
End-of-year total assets ($M) among Sheet Metal Workers Local Union No. 32 Pension Trust Fund and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$58M
Net Assets (End of Year)$59M
Net Income$838K
Employer EIN596152610
Plan Effective Date1964-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sheet Metal Workers Local Union No. 32 Pension Trust Fund)

Sponsor-wide plan assets over time

All Sheet Metal Workers Local Union No. 32 Pension Trust Fund plans reported in each filing year

Latest sponsor-wide plan assets
$63M 0.6769620249024062% vs 2022
2024 filing year
$58M$60M$62M$64M 202220232024 $62.4M $62.8M ▲ +0.7%
Year Plans Participants Total Assets
2022 1 158 $62M
2023 1 161 $59M
2024 1 162 $63M

Nearby Defined Benefit (Pension) Plans in Florida

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

Sheet Metal Workers Local Union No. 32 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20246810 Total assets ($B) Participants Sheet Metal Workers Local Union No. 32 Pension Trust Fund, Total assets ($B): 0.059120793 · Participants: 161Sheet Metal Workers Local Union No. 32 Pension Trust FundL3harris Technologies Consolidated Pension Plan, Total assets ($B): 7.749240033 · Participants: 4676L3harris Technologies Consolidated Pension PlanNextera Energy, Inc. Employee Pension Plan, Total assets ($B): 5.124263985 · Participants: 13121Nextera Energy, Inc. Employee Pension PlanCsx Pension Plan, Total assets ($B): 2.367781795 · Participants: 2446Csx Pension PlanRetirement Accumulation Plan for Partners of Pwc, Total assets ($B): 2.24071421 · Participants: 3967Retirement Accumulation Plan for Partners of PwcRetirement Benefit Accumulation Plan for Employees of Pwc, Total assets ($B): 1.916753026 · Participants: 5514Retirement Benefit Accumulation Plan for Employees of Pwc
Sheet Metal Workers Local Union No. 32 Pension Trust Fund vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Sheet Metal Workers Local Union No. 32 Pension Trust Fund side-by-side with 3 peers →

Sheet Metal Workers Local Union No. 32 Pension Trust Fund's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Florida, the nearest Defined Benefit (Pension) by assets is Colony Brands, Inc. Pension Plan in WI ($59M); by covered participants it is IBEW Local Union No 607 Pension in NJ (161 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($59M here).

Similar participant headcount

Nearest other-state filings by covered participants (161 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sheet Metal Workers Local Union No. 32 Pension Trust Fund assets move in 2023? ▼
Sheet Metal Workers Local Union No. 32 Pension Trust Fund edged up modestly - up 1.5% during 2023, from $58M to $59M. Reported net income was $838K.
How have Sheet Metal Workers Local Union No. 32 Pension Trust Fund plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sheet Metal Workers Local Union No. 32 Pension Trust Fund's sponsor-wide assets grew 0.7%, from $62M to $63M.
Where does Sheet Metal Workers Local Union No. 32 Pension Trust Fund rank by assets among Form 5500 filers? ▼
Sheet Metal Workers Local Union No. 32 Pension Trust Fund ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sheet Metal Workers Local Union No. 32 Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Colony Brands, Inc. Pension Plan in WI ($59M, 1,810 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sheet Metal Workers Local Union No. 32 Pension Trust Fund? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is IBEW Local Union No 607 Pension in NJ (161 participants, $20M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 596152610.

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.