Sheet Metal Workers National Pension Fund vs Laborers National (Industrial) Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Sheet Metal Workers National Pension Fund (A) and Laborers National (Industrial) Pension Fund (A) are close on the LakeQuality rubric. Funding ratios sit at 83% and 99% 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
Laborers National (Industrial) Pension Fund has a stronger Pension Health Score of 99/100 (A) compared to Sheet Metal Workers National Pension Fund at 91/100 (A). Funding ratios differ by 16.0 percentage points (98.6% vs 82.6%). Laborers National (Industrial) Pension Fund covers 44,923 participants.
| Metric | Sheet Metal Workers National Pension Fund | Laborers National (Industrial) Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 91/100 (A) | 99/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.6% | 98.6%* |
| Total Assets | $7.5B | $4.9B |
| Total Liabilities | $9.1B | $5.0B* |
| Unfunded Liability | $1.6B | $71.8M* |
| Participants | 148,965 | 44,923 |
| 1-Year Investment Return | 5.3% | 5.3% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | low | low |
| Sponsor | Sheet Metal Workers International Association | LIUNA |
Laborers National (Industrial) Pension Fund has a stronger Pension Health Score of 99/100 (A) compared to Sheet Metal Workers National Pension Fund at 91/100 (A). Funding ratios differ by 16.0 percentage points (98.6% vs 82.6%). Laborers National (Industrial) Pension Fund covers 44,923 participants.
Explore More
Related Comparisons
- Sheet Metal Workers National Pension Fund vs Virginia Retirement System (VRS)
- Sheet Metal Workers National Pension Fund vs Raytheon Company Pension Plan for Salaried Employees
- Sheet Metal Workers National Pension Fund vs Boeing Company Employee Retirement Plan
- Sheet Metal Workers National Pension Fund vs Northrop Grumman Pension Plan
- Laborers National (Industrial) Pension Fund vs Plumbers & Pipefitters National Pension Fund
- Laborers National (Industrial) Pension Fund vs UFCW International Union Industry Pension Fund
- Laborers National (Industrial) Pension Fund vs United Mine Workers of America 1974 Pension Plan
- Laborers National (Industrial) Pension Fund vs SEIU National Industry Pension Fund