Sheet Metal Workers National Pension Fund vs International Brotherhood of Boilermakers National Pension Trust
Side-by-side pension health comparison from DOL and public plan data
Sheet Metal Workers National Pension Fund (A) and International Brotherhood of Boilermakers National Pension Trust (B) are close on the LakeQuality rubric. Funding ratios sit at 83% and 71% 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 International Brotherhood of Boilermakers National Pension Trust at 79/100 (B). Funding ratios differ by 11.1 percentage points (82.6% vs 71.4%). Sheet Metal Workers National Pension Fund covers 148,965 participants.
| Metric | Sheet Metal Workers National Pension Fund | International Brotherhood of Boilermakers National Pension Trust |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 91/100 (A)* | 79/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.6%* | 71.4% |
| Total Assets | $7.5B | $139.8M |
| Total Liabilities | $9.1B | $195.7M* |
| Unfunded Liability | $1.6B | $55.9M* |
| Participants | 148,965 | 729 |
| 1-Year Investment Return | 5.3% | 5.5%* |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | low | moderate |
| Sponsor | Sheet Metal Workers International Association | Boilermakers Union |
Sheet Metal Workers National Pension Fund has a stronger Pension Health Score of 91/100 (A) compared to International Brotherhood of Boilermakers National Pension Trust at 79/100 (B). Funding ratios differ by 11.1 percentage points (82.6% vs 71.4%). Sheet Metal Workers National Pension Fund covers 148,965 participants.
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