Central States, Southeast & Southwest Areas Pension Fund vs Sheet Metal Workers National Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Central States, Southeast & Southwest Areas Pension Fund (A) and Sheet Metal Workers National Pension Fund (A) are close on the LakeQuality rubric. Funding ratios sit at 94% and 83% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Central States, Southeast & Southwest Areas Pension Fund has a stronger Pension Health Score of 97/100 (A) compared to Sheet Metal Workers National Pension Fund at 91/100 (A). Funding ratios differ by 11.5 percentage points (94.1% vs 82.6%). Central States, Southeast & Southwest Areas Pension Fund covers 634,861 participants.
| Metric | Central States, Southeast & Southwest Areas Pension Fund | Sheet Metal Workers National Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 97/100 (A)* | 91/100 (A) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 94.1%* | 82.6% |
| Total Assets | $55.6B | $7.5B |
| Total Liabilities | $59.1B | $9.1B* |
| Unfunded Liability | $3.5B | $1.6B* |
| Participants | 634,861 | 148,965 |
| 1-Year Investment Return | 4.5% | 5.3%* |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | low | low |
| Sponsor | Teamsters Central States | Sheet Metal Workers International Association |
Central States, Southeast & Southwest Areas Pension Fund has a stronger Pension Health Score of 97/100 (A) compared to Sheet Metal Workers National Pension Fund at 91/100 (A). Funding ratios differ by 11.5 percentage points (94.1% vs 82.6%). Central States, Southeast & Southwest Areas Pension Fund covers 634,861 participants.
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