Sheet Metal Workers National Pension Fund vs General Dynamics Corporation Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Sheet Metal Workers National Pension Fund (A) and General Dynamics Corporation Pension Plan (A) are close on the LakeQuality rubric. Funding ratios sit at 83% and 86% 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
Sheet Metal Workers National Pension Fund has a stronger Pension Health Score of 91/100 (A) compared to General Dynamics Corporation Pension Plan at 83/100 (A). Funding ratios differ by 3.8 percentage points (82.6% vs 86.4%). Sheet Metal Workers National Pension Fund covers 148,965 participants.
| Metric | Sheet Metal Workers National Pension Fund | General Dynamics Corporation Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 91/100 (A)* | 83/100 (A) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.6% | 86.4%* |
| Total Assets | $7.5B | $3.0B |
| Total Liabilities | $9.1B | $3.5B* |
| Unfunded Liability | $1.6B | $470.9M* |
| Participants | 148,965 | 35,602 |
| 1-Year Investment Return | 5.3% | 7.4%* |
| Plan Type | multiemployer | corporate |
| PBGC Risk Level | low | low |
| Sponsor | Sheet Metal Workers International Association | General Dynamics |
Sheet Metal Workers National Pension Fund has a stronger Pension Health Score of 91/100 (A) compared to General Dynamics Corporation Pension Plan at 83/100 (A). Funding ratios differ by 3.8 percentage points (82.6% vs 86.4%). Sheet Metal Workers National Pension Fund covers 148,965 participants.
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