Sheet Metal Workers National Pension Fund vs SEIU National Industry Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Sheet Metal Workers National Pension Fund (A) and SEIU National Industry Pension Fund (A) are close on the LakeQuality rubric. Funding ratios sit at 83% and 98% 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
SEIU National Industry 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 15.1 percentage points (97.7% vs 82.6%). SEIU National Industry Pension Fund covers 21,789 participants.
| Metric | Sheet Metal Workers National Pension Fund | SEIU National Industry 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% | 97.7%* |
| Total Assets | $7.5B | $272.5M |
| Total Liabilities | $9.1B | $278.9M* |
| Unfunded Liability | $1.6B | $6.4M* |
| Participants | 148,965 | 21,789 |
| 1-Year Investment Return | 5.3%* | 4.9% |
| Plan Type | multiemployer | multiemployer |
| PBGC Risk Level | low | low |
| Sponsor | Sheet Metal Workers International Association | Service Employees International Union |
SEIU National Industry 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 15.1 percentage points (97.7% vs 82.6%). SEIU National Industry Pension Fund covers 21,789 participants.
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