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Benchmarking Sheet Metal Workers Union Local 38 Profit Sharing Fund in Brewster, NY against all plans

 

Sheet Metal Workers Union Local 38 Profit Sharing Fund in Brewster, NY has the 4th-highest average account balance ($157,504) of the 30 plans whose industry group is Building Equipment Contractors. That $157,504 compares to an average of $83,657 across those 30 plans.

Beating the average of $83,657 means an extra $90,536,568 in total assets.

Note: average account balance = total assets ÷ total participants

Sheet Metal Workers Union Local 38 Profit Sharing Fund has these standings among those 30 plans:

  • average account balance = $157,504 (4th-highest)

  • total assets = $193.10M (4th-most)

  • total participants = 1,226 (6th-fewest, tied)

Visualize

 
 

Peers

beat out by Ibew Local 405 Deferred Savings Plan in Cedar Rapids, IA ($251,082), Ibew Local Union 271 Neca 401(K) Retirement Plan in Wichita, KS ($169,112), and Green Bay Electrical Workers Pension Plan in Green Bay, WI ($160,855).

beat Southland Industries Employees' 401k Plan in Garden Grove, CA ($127,911), U.A. Local 13 Annuity Fund in Rochester, NY ($127,000), Electricians' Salary Deferral Plan of Local 1, Ibew- St. Louis Chapter Neca in St. Louis, MO ($124,416), and Diversified Holdings Group Employee Savings Plan in Henderson, CO ($111,056), and 22 others, ending with Ars Employee 401(K) Plan in Memphis, TN ($18,229).

References

  1. average account balance. Higher values are better. Average account balance equals total assets, in Line 1f of Schedule H, divided by total participants, in Line 6f of Form 5500. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.