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Sheet Metal Workers Local #20
Sheet Metal Workers Local #20 administers the retirement and benefit funds for sheet metal workers and their families across central Indiana.
Sheet Metal Workers Local #20
Sheet Metal Workers Local #20 administers the retirement and benefit funds for sheet metal workers and their families across central Indiana. The fund, affiliated with the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART), is overseen by Business Manager Trent L. Todd and President Scott W. Koning. The plan's wealth originates from member and employer contributions tied to collective bargaining agreements across the region's construction and fabrication sectors. The fund allocates capital across a mix of asset classes. Publicly recorded commitments reveal a focus on buyout strategies and corporate bonds, supplemented by direct real asset holdings. The pension owns five training facilities in Indianapolis, Evansville, Portage, Fort Wayne, and South Bend — operating assets that serve the joint apprenticeship program with Ivy Tech Community College. The fund also holds revenue bonds tied to Indianapolis municipal projects, reflecting a dual posture of yield-seeking fixed income and community-aligned infrastructure exposure. The plan's structure is embedded within the broader labor ecosystem. Local 20 participates in the Central Indiana Building Trades Council and the national AFL-CIO labor federation, while maintaining industry ties through SMACNA, the contractors' trade group. The Sheet Metal Workers Local 20 Apprenticeship & Training Trust and the Welfare and Benefit Fund operate as parallel vehicles, funding workforce development and member health coverage respectively. The training facilities serve as both operational assets and long-term commercial real estate holdings. The fund's architecture is defined by its Taft-Hartley multi-employer structure, governed by a board of trustees split equally between union and employer representatives. This governance model means investment decisions reflect a consensus between labor and contributing contractors, making the capital deployment inherently tied to the health of the Central Indiana sheet metal trade and the unionized construction pipeline.
General information
Firm type
Pension Fund
Year founded
1964
AUM
$100M - $500M (Altss estimate)
Location
Region
North America
Country
United States
City
Indianapolis
Corporate office
2828 East 45th Street, Indianapolis, Indiana 46205
Additional offices
Evansville, IN · Portage, IN · Fort Wayne, IN · South Bend, IN
Principals
Trent L. Todd
Business Manager / Financial Secretary-Treasurer
Scott W. Koning
President
Sector focus
Frequently asked questions
Who makes investment decisions for the Sheet Metal Workers Local #20 pension fund?
As a Taft-Hartley multi-employer plan, investment decisions are made by a board of trustees composed equally of union representatives and contributing employer representatives. Business Manager Trent L. Todd serves as Financial Secretary-Treasurer, a role that typically includes fiduciary oversight of plan assets. Day-to-day investment management is likely delegated to external consultants or managers, though specific mandates are not publicly disclosed.
What is the fund's posture on real estate versus liquid investments?
The fund maintains a significant direct real estate footprint through its five training facilities across Indiana — in Indianapolis, Evansville, Portage, Fort Wayne, and South Bend. These are operating assets tied to the apprenticeship program with Ivy Tech Community College. Public records also show separate municipal revenue bond holdings and buyout fund commitments, indicating a dual allocation to direct property and indirect alternatives.
How is the Local 20 pension connected to the broader union structure?
Local 20 is an affiliate of the International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART), which represents over 200,000 members across North America. Locally, the plan is linked to the Central Indiana Building Trades Council and holds membership in SMACNA, the contractors' industry association. These connections influence contractor participation and contribution levels to the fund.
Is the fund's AUM publicly reported?
Sheet Metal Workers Local #20 does not publicly disclose its pension assets. Altss estimates the plan's total assets at approximately $191 million, which would place it in the mid-sized Taft-Hartley plan category. The estimate is derived from publicly available records and peer-plan benchmarks, but the fund itself issues no official AUM figure.
What role do the training facilities play beyond apprenticeship?
The five training centers serve dual purposes. Operationally, they host the joint apprenticeship program with Ivy Tech Community College, training the next generation of sheet metal workers. Financially, they are direct real estate holdings of the fund — commercial properties that represent an allocation to hard assets and may generate rental income when space is leased to third parties or related entities.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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