Sheet Metal Workers National Pension Fund
multiemployer plan · Sheet Metal Workers International · Virginia Beach, VA
ACTIVEPBGC Covered
C
Pension Health Score
56/100
Funding Status60% Funded
0%80% threshold100%
$9.8B
Total Assets
$16.5B
Total Liabilities
$6.6B
Unfunded Liability
170,653
Participants
Funding History
What This Means for You
Sheet Metal Workers National Pension Fund is 60% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $6.6B in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. PBGC coverage provides a backstop, but benefits could be reduced to PBGC maximums in a worst-case scenario. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $9.8B | $16.5B | 59.7% | $381.0M |
| 2024 | $9.8B | $15.6B | 63.2% | $307.5M |
| 2023 | $8.9B | $14.6B | 61.3% | $345.6M |
| 2022 | $8.7B | $13.2B | 66.0% | $356.7M |
| 2021 | $8.3B | $14.8B | 56.3% | $337.0M |