DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Taft-Hartley plan

Pipe Fitters Retirement Fund, Local 597

Taft-Hartley planChicago, IL
Assets
$3.0B
Total assets, Dec 31, 2024 reported
Funded
104.3%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
22
none on the tape
Plan sponsor: Trustees of Pipe Fitters Retirement Fund Local 597
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • 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
6 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
22 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024NT Collective Russell 3000 Index Fdcollective trustNorthern Trust Collective Eafe IndePooled vehicles$1.6B heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$21.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NIS High Yield Fund, LLCcollective trustNational Investment Services of America, LLCFixed income$11.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$28.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024LSV International (acwi Ex US) Valucollective trustReliance Trust CompanyPooled vehicles$9.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024U.S. Core Partners Collective Invescollective trustBenefit Trust CompanyPooled vehicles$61.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$101M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Russell 3000 Index Fdcollective trustNorthern Trust Collective Eafe IndePooled vehicles$1.5B heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$21.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NIS High Yield Fund, LLCcollective trustNational Investment Services of America, LLCFixed income$9.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$33.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023LSV International (acwi Ex US) Valucollective trustReliance Trust CompanyPooled vehicles$8.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023U.S. Core Partners Collective Invescollective trustBenefit Trust CompanyPooled vehicles$60.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$96.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Russell 3000 Index Fdcollective trustNorthern Trust Collective Eafe IndePooled vehicles$1.3B heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$45.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Multi-Employer Property Trustcollective trustNEW Tower Trust CompanyReal estate$41.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NIS High Yield Fund, LLCcollective trustNational Investment Services of America, LLCFixed income$8.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$53.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022LSV International (acwi Ex US) Valucollective trustReliance Trust CompanyPooled vehicles$7.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022U.S. Core Partners Collective Invescollective trustBenefit Trust CompanyPooled vehicles$67.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$91.6M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$3.0B Dec 31, 2024 reported Form 5500
$2.7B (2023-12) · $2.5B (2022-12)
Plan assets
$2.7B Jan 1, 2024 reported Form 5500
$2.5B (2023-01) · $3.0B (2022-01)
Net assets
$3.0B Dec 31, 2024 reported Form 5500
$2.7B (2023-12) · $2.5B (2022-12)
Funded ratio
104.3% Jan 1, 2024 reported Form 5500
102.5% (2023-01) · 100.4% (2022-01)
Participants
14,408 Jan 1, 2024 reported Form 5500
14,218 (2023-01) · 13,981 (2022-01)
Contributions
$103M Dec 31, 2024 reported Form 5500
$97.5M (2023-12) · $96.6M (2022-12)
Benefits paid
$191M Dec 31, 2024 reported Form 5500
$170M (2023-12) · $165M (2022-12)
Net investment income
$273M Dec 31, 2024 reported Form 5500
$244M (2023-12) · $-478M (2022-12)
Investment management fees
$1.8M Dec 31, 2024 reported Form 5500
$1.5M (2023-12) · $1.7M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202414,408n/an/an/a$3.0B$245Mn/a$93.1M
2023 to Dec 31, 202314,218n/an/an/a$2.7B$275Mn/a$108M
2022 to Dec 31, 202213,981n/an/an/a$2.5B$265Mn/a$126M
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • 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
  • Northern Trust Corporation codes 28 68 $178,001 PY2024
  • Nichole Linhardt codes 30 $144,511 PY2024
  • Johnson & Krol, LLC codes 29 $136,379 PY2024
  • Bridgeway Benefit Technologies LLC codes 16 $134,178 PY2024
  • The Segal Company codes 11 $109,412 PY2024
  • Legacy Professionals LLP codes 10 15 $98,810 PY2024
  • Claudia Martinez codes 30 $87,346 PY2024
  • JOE Vellenga codes 20 30 $85,140 PY2024
  • Phil Hayes codes 30 $58,163 PY2024
  • Brianne Salisbury codes 30 $49,192 PY2024
  • Dana Garrett codes 30 $42,486 PY2024
  • Pension Benefit Information LLC codes 49 $25,668 PY2024
  • Bond Brothers codes 49 $19,323 PY2024
  • Medical Review Institute of America codes 49 $17,680 PY2024
  • Watkins Ross codes 11 $9,069 PY2024
  • Morgan, Lewis & Brockius LP codes 29 $8,712 PY2024
  • Comerica Bank codes 19 72 $8,020 PY2024
  • Single Click IT Inc codes 49 $6,602 PY2024
  • Isler Dare codes 29 $5,831 PY2024
  • Amalgamated Bank of Chicago codes 21 62 $2,533 PY2024
  • Segal Select Insurance codes 53 PY2024
  • NT Collective Russell 3000 Index Fd Sched. D C $1.6B PY2024
  • Afl-Cio Building Investment Trust Sched. D C $21.7M PY2024
  • NIS High Yield Fund, LLC Sched. D C $11.5M PY2024
  • NIS Total Absolute Return Fund LLC Sched. D C $28.6M PY2024
  • The Collective Lsv International (a Sched. D C $9.7M PY2024
  • U.S. Core Partners Collective Inves Sched. D C $61.7M PY2024
  • Washington Capital Joint Master Tr Sched. D E $101M PY2024
  • Segal codes 11 PY2024
  • National Investment Services, Inc. codes 28 $728,401 PY2023
  • Washington Capital codes 28 $471,348 PY2023
  • Strategic Capital Investment Adv. codes 27 $174,500 PY2023
  • Northern Trust Corporation codes 28 68 $159,431 PY2023
  • Bridgeway Benefit Technologies LLC codes 16 $151,992 PY2023
  • Nichole Linhardt codes 30 $144,480 PY2023
  • Johnson & Krol, LLC codes 29 $125,606 PY2023
  • The Segal Company codes 11 $104,903 PY2023
  • JOE Vellenga codes 20 30 $94,066 PY2023
  • Claudia Martinez codes 30 $84,296 PY2023
  • Brianne Salisbury codes 30 $81,741 PY2023
  • Legacy Professionals LLP codes 10 $61,795 PY2023
  • Costin, Hammel & Leake, L.L.C. codes 15 $57,524 PY2023
  • Phil Hayes codes 30 $51,306 PY2023
  • Comerica Bank codes 19 72 $50,990 PY2023
  • Dana Garrett codes 30 $37,176 PY2023
  • Laura Gunaka codes 30 $35,988 PY2023
  • Pension Benefit Information LLC codes 49 $26,341 PY2023
  • Bond Brothers codes 49 $23,987 PY2023
  • Single Click IT Inc codes 49 $9,552 PY2023
  • Medical Review Institute of America codes 49 $9,534 PY2023
  • Watkins Ross codes 11 $6,743 PY2023
  • Isler Dare codes 29 $6,550 PY2023
  • Segal Select Insurance codes 53 PY2023
  • NT Collective Russell 3000 Index Fd Sched. D C $1.5B PY2023
  • Afl-Cio Building Investment Trust Sched. D C $21.6M PY2023
  • NIS High Yield Fund, LLC Sched. D C $9.6M PY2023
  • NIS Total Absolute Return Fund LLC Sched. D C $33.8M PY2023
  • The Collective Lsv International Sched. D C $8.9M PY2023
  • US Core Partners Collective Invt Ts Sched. D C $60.6M PY2023
  • Washington Capital Master Trust Sched. D E $96.2M PY2023
  • Multi-Employer Property Trust Sched. D C PY2023
  • Segal codes 11 PY2023
  • National Investment Services, Inc. codes 28 $994,946 PY2022
  • Washington Capital codes 28 $500,525 PY2022
  • Strategic Capital Investment Adv. codes 27 $163,875 PY2022
  • Northern Trust Corporation codes 28 68 $161,564 PY2022
  • Bridgeway Benefit Technologies LLC codes 16 $132,068 PY2022
  • Nichole Linhardt codes 30 $126,968 PY2022
  • The Segal Company codes 11 $105,349 PY2022
  • Johnson & Krol, LLC codes 29 $104,470 PY2022
  • Michael Maloney codes 20 30 $93,258 PY2022
  • Brianne Salisbury codes 30 $77,829 PY2022
  • Costin, Hammel & Leake, L.L.C. codes 10 $56,883 PY2022
  • Gail Hansen codes 30 $56,609 PY2022
  • Phil Hayes codes 30 $50,526 PY2022
  • Legacy Professionals LLP codes 10 $48,100 PY2022
  • Comerica Bank codes 18 19 72 $44,100 PY2022
What changed
4 events
  • Dec 31, 2024Assets changed
    Pipe Fitters Retirement Fund, Local 597 total assets $2.7B -> $3.0B (+10.0%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Pipe 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 changed
    Pipe Fitters Retirement Fund, Local 597 funded ratio 100.4% -> 102.5% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Pipe Fitters Retirement Fund, Local 597 plan assets $3.0B -> $2.5B (-16.2%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 626105084-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.