Pipe Fitters Retirement Fund, Local 597
Taft-Hartley plan, based in Chicago, Illinois, reporting $3.0B in assets, for 14,408 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: Dec 31, 2024, Pipe Fitters Retirement Fund, Local 597 total assets $2.7B -> $3.0B (+10.0%, 2023-12-31 to 2024-12-31).
3 more advisers, 4 more managers and 19 more commitments
Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.
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Capital path
who backs this record, through what, into what; each name opens its own path- U.S. Core Partners Collective Inves3 commitments
- Afl-Cio Building Investment Trust3 commitments
- NIS High Yield Fund, LLC3 commitments
- Great Gray Trust Company3 commitments
- National Investment Svcs of Amer3 commitments
- Washington Capital Management, Inc.3 commitments
Relationship network
54 connected entities22 observed commitments13 repeat counterparties12 dated commitments shown here, 2022 to 2024
From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Service provider
- Organization
›How strength and recency are read
Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Size, funding, policy and commitments, with their basesTaft-Hartley planShowHide
Allocation policy
- Interest-bearing cash 0.9%
- Non-interest-bearing cash 0.2%
- Corporate debt instruments (other) 4.3%
- U.S. Government securities 4.3%
- Other investments 0.4%
- Partnership/joint venture interests 8.2%
- 103-12 investment entities 3.4%
- Common/collective trusts 59.3%
- Registered investment companies 15.6%
- Real estate (other than employer real property) 3.1%
Consultants and advisers
- Strategic Capital Inv Advisors Investment adviser (plan)through Dec 31, 2022 Form 5500
- Bridgeway Benefit Technologies General consultantthrough Dec 31, 2022 Form 5500
- Amalgamated Bank Trusteethrough Dec 31, 2024 Form 5500
+3 more consultants and advisers advise this allocator
Every name, record and relationship behind this count, with the source on each.
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People
Manager roster
- Great Gray Trust Company3 rows, latest Dec 31, 2024
- National Investment Svcs of Amer3 rows, latest Dec 31, 2024
- Washington Capital Management, Inc.3 rows, latest Dec 31, 2024
+4 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
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- LSV Asset Managementplan years
- LSV ASSET MANAGEMENTplan years
- National Investment Svcs of Amerplan years 2022
+2 more Schedule C managers
Every name, record and relationship behind this count, with the source on each.
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What changed
- Dec 31, 2024Assets changedPipe Fitters Retirement Fund, Local 597 total assets $2.7B -> $3.0B (+10.0%, 2023-12-31 to 2024-12-31)
- Dec 31, 2023Holding endedinferencePipe Fitters Retirement Fund, Local 597 no longer reports Multi-Employer Property Trust (NEW Tower Trust Company) (last held $42M at 2022-12-31; absent from the 2023-12-31 filing)with NEW Tower Trust Companyaskebsa.dol.gov
- Jan 1, 2023Funded status changedPipe Fitters Retirement Fund, Local 597 funded ratio 100.4% -> 102.5% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedPipe Fitters Retirement Fund, Local 597 plan assets $3.0B -> $2.5B (-16.2%, 2022-01-01 to 2023-01-01)
Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | U.S. Core Partners Collective Invescollective trust | Benefit Trust Company | Pooled vehicles | $61.7M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Afl-Cio Building Investment Trustcollective trust | Great Gray Trust Company | Pooled vehicles | $21.7M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | NIS High Yield Fund, LLCcollective trust | National Investment Svcs of Amer | Fixed income | $11.5M held | Disclosed holding | askebsa.dol.gov |
+19 more commitments
Every fund and manager this allocator committed to, with the amount, date and source on each.
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Size and funding
Form 5500 filings
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 14,408 | Not disclosed | Not disclosed | n/a | $3.0B | $245M | Not disclosed | $93.1M |
| 2023 to Dec 31, 2023 | 14,218 | Not disclosed | Not disclosed | n/a | $2.7B | $275M | Not disclosed | $108M |
| 2022 to Dec 31, 2022 | 13,981 | Not disclosed | Not disclosed | n/a | $2.5B | $265M | Not disclosed | $126M |
- National Investment Services, Inc. codes 28 $906,369 PY2024
- Washington Capital codes 28 $496,220 PY2024
- Strategic Capital Investment Adv. codes 27 $181,500 PY2024
+96 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
Pipe Fitters Retirement Fund, Local 597 sits on 10 traced paths of capital across the graphs.
DFX traced 10 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
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Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Total assets changed2024-12-31source on record
- Holding in a pooled vehicle ended2023-12-31source on record
- Funded status changed2023-01-01source on record
+1 more change on this record's ledger
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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
›Connections
every published relationship on the graph
+13 connections on the graph
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