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

Plumbers Local No 98 Defined Benefit Pension Fund

Taft-Hartley planTroy, MI
Assets
$296M
Total assets, Dec 31, 2024 reported
Funded
93.8%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
18
none on the tape
Plan sponsor: Plumbers Local 98 Defined Benefit Pension Fund
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 0.6%
  • Non-interest-bearing cash 1.7%
  • Partnership/joint venture interests 8.6%
  • Common/collective trusts 19.4%
  • Registered investment companies 68.3%
Consultants and advisers
7 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
18 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$892,973 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$4.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NIS Core Fixed Income Fund, LLCcollective trustNational Investment ServicesFixed income$40.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NIS High Yield Fund, LLCcollective trustNational Investment Services, IncFixed income$1.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024U.S. Core Partners Collective Invescollective trustBenefit Trust CompanyPooled vehicles$6.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$3.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$5.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NIS Core Fixed Income Fund, LLCcollective trustNational Investment ServicesFixed income$28.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NIS High Yield Fund, LLCcollective trustNational Investment Services, IncFixed income$1.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$1.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023U.S. Core Partners Collective Invescollective trustBenefit Trust CompanyPooled vehicles$6.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$25.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NIS Core Fixed Income Fund, LLCcollective trustNational Investment ServicesFixed income$1.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NIS High Yield Fund, LLCcollective trustNational Investment Services, IncFixed income$6.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$2.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Multi-Employer Property Trustcollective trustNEW Tower Trust CompanyReal estate$4.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$3.5M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$296M Dec 31, 2024 reported Form 5500
$258M (2023-12) · $225M (2022-12)
Plan assets
$257M Jan 1, 2024 reported Form 5500
$225M (2023-01) · $258M (2022-01)
Net assets
$295M Dec 31, 2024 reported Form 5500
$257M (2023-12) · $225M (2022-12)
Funded ratio
93.8% Jan 1, 2024 reported Form 5500
89.1% (2023-01) · 83.7% (2022-01)
Participants
2,515 Jan 1, 2024 reported Form 5500
2,501 (2023-01) · 2,507 (2022-01)
Contributions
$26.8M Dec 31, 2024 reported Form 5500
$26.1M (2023-12) · $24.0M (2022-12)
Benefits paid
$21.6M Dec 31, 2024 reported Form 5500
$21.1M (2023-12) · $21.0M (2022-12)
Net investment income
$38.1M Dec 31, 2024 reported Form 5500
$32.1M (2023-12) · $-33.0M (2022-12)
Investment management fees
$488,651 Dec 31, 2024 reported Form 5500
$522,185 (2023-12) · $537,429 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20242,515n/an/an/a$296M$25.3Mn/an/a
2023 to Dec 31, 20232,501n/an/an/a$258M$15.7Mn/an/a
2022 to Dec 31, 20222,507n/an/an/a$225M$20.0Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Benesys, Inc. codes 10 12 13 14 15 16 36 50 $267,482 PY2024
  • National Investment Services codes 18 27 28 33 50 51 $142,563 PY2024
  • Strategic Capital Investment Advr. codes 17 27 28 50 72 $94,170 PY2024
  • The Segal Company Inc. codes 11 19 27 28 31 33 50 51 $61,701 PY2024
  • Asher Kelly Law codes 29 50 $53,769 PY2024
  • Comerica Bank codes 18 19 27 28 33 37 38 50 51 59 $30,072 PY2024
  • American Graphics Printing Co codes 36 50 $28,899 PY2024
  • Bultynck & Co., PLLC codes 10 50 $21,500 PY2024
  • United Actuarial Services, Inc. codes 11 17 50 $11,792 PY2024
  • Digital Data, Inc. codes 36 50 $8,232 PY2024
  • Stefansky, Holloway, & Nichols codes 10 50 $6,550 PY2024
  • Nickle & Saph, Inc codes 22 23 50 $6,300 PY2024
  • Afl-Cio Building Investment Trust Sched. D C $1.7M PY2024
  • Principal U.S. Property Separate Ac Sched. D P $892,973 PY2024
  • NIS Total Absolute Return Fund, LLC Sched. D C $4.4M PY2024
  • NIS Core Fixed Income Fund, LLC Sched. D C $40.9M PY2024
  • NIS High Yield Fund, LLC Sched. D C $1.8M PY2024
  • U.S. Core Partners Collective Inves Sched. D C $6.5M PY2024
  • Segal codes 11 PY2024
  • Benesys, Inc. codes 10 12 13 14 15 16 36 50 $256,826 PY2023
  • National Investment Services codes 18 27 28 33 50 51 $124,031 PY2023
  • Strategic Capital Investment Advr. codes 17 27 28 50 72 $92,925 PY2023
  • Nickle & Saph, Inc codes 22 23 50 $57,745 PY2023
  • The Segal Company Inc. codes 11 19 27 28 31 33 50 51 $56,721 PY2023
  • Asher Kelly Law codes 29 50 $47,393 PY2023
  • American Graphics Printing Co codes 36 50 $28,434 PY2023
  • Bultynck & Co., PLLC codes 10 50 $22,500 PY2023
  • Comerica Bank codes 18 19 27 28 33 37 38 50 51 59 $8,891 PY2023
  • Principal U.S. Property Separate Ac Sched. D P $3.0M PY2023
  • NIS Total Absolute Return Fund, LLC Sched. D C $5.0M PY2023
  • NIS Core Fixed Income Fund, LLC Sched. D C $28.7M PY2023
  • NIS High Yield Fund, LLC Sched. D C $1.4M PY2023
  • Afl-Cio Building Investment Trust Sched. D C $1.7M PY2023
  • U.S. Core Partners Collective Inves Sched. D C $6.4M PY2023
  • Segal codes 11 PY2023
  • Benesys, Inc. codes 14 50 $243,104 PY2022
  • National Investment Services codes 28 50 $138,905 PY2022
  • Strategic Capital Investment codes 28 50 $90,392 PY2022
  • The Segal Co. codes 11 50 $55,851 PY2022
  • Asher Kelly codes 29 50 $34,428 PY2022
  • Walter, Boesky & Associates P.C. codes 10 50 $21,765 PY2022
  • Fifth Third Bank codes 19 50 $15,475 PY2022
  • American Graphics Printing Co. codes 36 50 $6,763 PY2022
  • Nickle & Saph, Inc codes 23 50 $5,691 PY2022
  • NIS Total Absolute Return Fund, LLC Sched. D C $25.7M PY2022
  • NIS Core Fixed Income Fund, LLC Sched. D C $1.2M PY2022
  • NIS High Yield Fund, LLC Sched. D C $6.8M PY2022
  • Afl-Cio Building Investment Trust Sched. D C $2.6M PY2022
  • Newtower Trust Company Multi-Employ Sched. D C $4.8M PY2022
  • Principal U.S. Property Separate Ac Sched. D P $3.5M PY2022
  • Segal codes 11 PY2022
What changed
12 events
  • Dec 31, 2024Consultant changedinference
    United Actuarial Services, Inc. appears on Plumbers Local No 98 Defined Benefit Pension Fund's Schedule C as pension consultant (plan year 2024 vs 2023)
    with United Actuarial Services, Inc.askebsa.dol.gov
  • Dec 31, 2024Assets changed
    Plumbers Local No 98 Defined Benefit Pension Fund total assets $258M -> $296M (+14.8%, 2023-12-31 to 2024-12-31)
    askebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Plumbers Local No 98 Defined Benefit Pension Fund funded ratio 89.1% -> 93.8% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2024Assets changed
    Plumbers Local No 98 Defined Benefit Pension Fund plan assets $225M -> $257M (+14.2%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Plumbers Local No 98 Defined Benefit Pension Fund no longer reports Multi-Employer Property Trust (NEW Tower Trust Company) (last held $5M at 2022-12-31; absent from the 2023-12-31 filing)
    with NEW Tower Trust Companyaskebsa.dol.gov
  • Dec 31, 2023Holding started
    Plumbers Local No 98 Defined Benefit Pension Fund first reports an interest in U.S. Core Partners Collective Inves: $6M at 2023-12-31
    with U.S. Core Partners Collective Invesaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    The Segal Company Inc. appears on Plumbers Local No 98 Defined Benefit Pension Fund's Schedule C as investment manager (plan year 2023 vs 2022)
    with Segalaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Benesys, Inc. appears on Plumbers Local No 98 Defined Benefit Pension Fund's Schedule C as general consultant (plan year 2023 vs 2022)
    with Benesys, Inc.askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Comerica Bank appears on Plumbers Local No 98 Defined Benefit Pension Fund's Schedule C as investment manager (plan year 2023 vs 2022)
    with Comerica Bankaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    Plumbers Local No 98 Defined Benefit Pension Fund total assets $225M -> $258M (+14.3%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Plumbers Local No 98 Defined Benefit Pension Fund funded ratio 83.7% -> 89.1% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Plumbers Local No 98 Defined Benefit Pension Fund plan assets $258M -> $225M (-12.8%, 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 383031916-001
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.