Sheet Metal Workers Local 98 Pension Fund
Taft-Hartley plan, based in Ona, West Virginia, reporting $169M in assets, for 1,796 participants.
Composed from this allocator's classification, location and filed figures.
Nothing material in the last 90 days. Last change: 31 Dec 2024, Aristotle Capital Management appears on Sheet Metal Workers Local 98 Pension Fund's Schedule C as investment adviser (plan) (plan year 2024 vs 2023).
5 more advisers, 3 more managers, 10 more commitments and 7 more dated events
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- ASB Allegiance Real Estate Fund3 commitments
- Pacific Asset Management Bank Loan2 commitments
- Ullico Infrastructure Tax Exempt Fu2 commitments
- ABS Allegiance Real Estate3 commitments
- Aristotle Pacific Capital, LLC2 commitments
- Ullico Investment Advisors2 commitments
Relationship network
34 connected entities13 observed commitments10 repeat counterparties7 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 0.3%
- Non-interest-bearing cash 0.6%
- 103-12 investment entities 12.3%
- Common/collective trusts 61.5%
- Registered investment companies 23.8%
Consultants and advisers
- Aristotle Capital Management, LLC Investment adviser (plan)through Dec 31, 2024 Form 5500
- ASB Capital Management LLC Investment adviser (plan)through Dec 31, 2024 Form 5500
- ASB Capital Investment adviser (plan)through Dec 31, 2022 Form 5500
+5 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
- ABS Allegiance Real Estate3 rows, latest Dec 31, 2024
- Aristotle Pacific Capital, LLC2 rows, latest Dec 31, 2024
- Ullico Investment Advisors2 rows, latest Dec 31, 2024
+3 more managers received commitments
Every name, record and relationship behind this count, with the source on each.
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- Aristotle Pacific Capital, LLCplan years
What changed
- Dec 31, 2024Consultant changedinferenceAristotle Capital Management appears on Sheet Metal Workers Local 98 Pension Fund's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)with Aristotle Capital Management, LLCaskebsa.dol.gov
- Dec 31, 2024Assets changedSheet Metal Workers Local 98 Pension Fund total assets $149M -> $169M (+13.2%, 2023-12-31 to 2024-12-31)
- Jan 1, 2024Funded status changedSheet Metal Workers Local 98 Pension Fund funded ratio 90.6% -> 93.0% (2023-01-01 to 2024-01-01)
- Jan 1, 2024Assets changedSheet Metal Workers Local 98 Pension Fund plan assets $135M -> $149M (+10.6%, 2023-01-01 to 2024-01-01)
- Dec 31, 2023Holding endedinferenceSheet Metal Workers Local 98 Pension Fund no longer reports Pinehurst Institutional, Ltd. (Corbin Capital Partners, LP) (last held $7M at 2022-12-31; absent from the 2023-12-31 filing)with Corbin Capital Partners, LPaskebsa.dol.gov
+7 more dated events
Every name, record and relationship behind this count, with the source on each.
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Commitments
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Dec 31, 2024 | Pacific Asset Management Bank Loan103 12 ie | Aristotle Pacific Capital, LLC | Private credit | $8.3M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | ASB Allegiance Real Estate Fundcollective trust | ABS Allegiance Real Estate | Real estate | $7.2M held | Disclosed holding | askebsa.dol.gov | |
| as of Dec 31, 2024 | Ullico Infrastructure Tax Exempt Fu103 12 ie | Ullico Investment Advisors | Infrastructure | $9.4M held | Disclosed holding | askebsa.dol.gov |
+10 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 | 1,796 | Not disclosed | Not disclosed | n/a | $169M | Not disclosed | Not disclosed | Not disclosed |
| 2023 to Dec 31, 2023 | 1,793 | Not disclosed | Not disclosed | n/a | $149M | Not disclosed | Not disclosed | Not disclosed |
| 2022 to Dec 31, 2022 | 1,672 | Not disclosed | Not disclosed | n/a | $135M | Not disclosed | Not disclosed | Not disclosed |
- The Segal Group codes 11 $112,623 PY2024
- ASB Capital Management codes 27 $78,578 PY2024
- American Benefits Corporation codes 13 $72,326 PY2024
+38 more service providers
Every name, record and relationship behind this count, with the source on each.
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Provenance
Provenance
Sheet Metal Workers Local 98 Pension Fund 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.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
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Record history
- Consultant changed2024-12-31source on record
- Total assets changed2024-12-31source on record
- Funded status changed2024-01-01source on record
+9 more changes 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
+10 connections on the graph
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