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

Steamfitters Local Union No. 420 Pension Plan

Taft-Hartley planPhiladelphia, PA
Assets
$644M
Total assets, Dec 31, 2024 reported
Funded
74.2%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
7
1 managers on Schedule C
Plan sponsor: Board of Trustees of Steamfitters Lu 420 Pension Plan
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.1%
  • Corporate debt instruments (other) 5.8%
  • Corporate debt instruments (preferred) 5.6%
  • U.S. Government securities 16.1%
  • Other investments 3.6%
  • Partnership/joint venture interests 14.8%
  • Common/collective trusts 12.1%
  • Registered investment companies 12.8%
  • Common stock 26.1%
Consultants and advisers
6 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
2 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
7 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$51.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Eafe Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$26.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$55.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Eafe Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$39.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$43.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Eafe Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$33.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Lazard/wilmington International Equcollective trustWilmington Trust Retirement and Instituional ServicesPooled vehicles$38.1M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$644M Dec 31, 2024 reported Form 5500
$646M (2023-12) · $556M (2022-12)
Plan assets
$606M Jan 1, 2024 reported Form 5500
$555M (2023-01) · $643M (2022-01)
Net assets
$643M Dec 31, 2024 reported Form 5500
$606M (2023-12) · $555M (2022-12)
Funded ratio
74.2% Jan 1, 2024 reported Form 5500
71.7% (2023-01) · 70.7% (2022-01)
Participants
5,238 Jan 1, 2024 reported Form 5500
5,181 (2023-01) · 5,151 (2022-01)
Contributions
$59.9M Dec 31, 2024 reported Form 5500
$60.4M (2023-12) · $55.5M (2022-12)
Benefits paid
$76.4M Dec 31, 2024 reported Form 5500
$67.4M (2023-12) · $65.9M (2022-12)
Net investment income
$37.0M Dec 31, 2024 reported Form 5500
$50.9M (2023-12) · $-87.7M (2022-12)
Investment management fees
$3.2M Dec 31, 2024 reported Form 5500
$3.0M (2023-12) · $2.6M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20245,238n/an/an/a$644M$95.3Mn/an/a
2023 to Dec 31, 20235,181n/an/an/a$646M$91.5Mn/an/a
2022 to Dec 31, 20225,151n/an/an/a$556M$76.5Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
11 events
  • Dec 31, 2024Manager relationship started
    Causeway Capital Management LLC appears on Steamfitters Local Union No. 420 Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Causeway Capital Management LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Northern Trust appears on Steamfitters Local Union No. 420 Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Northern Trust Co.askebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Steamfitters Local Union No. 420 Pension Plan funded ratio 71.7% -> 74.2% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Steamfitters Local Union No. 420 Pension Plan no longer reports Lazard/wilmington International Equ (last held $38M at 2022-12-31; absent from the 2023-12-31 filing)
    with Lazard/wilmington International Equaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Amalgamated Bank of Chicago appears on Steamfitters Local Union No. 420 Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Amalgamated Bankaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Gw&k Investment Management, LLC appears on Steamfitters Local Union No. 420 Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Gw&k Investment Management, LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Sage Advisory Services, Ltd Co. appears on Steamfitters Local Union No. 420 Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Sage Advisory Services Ltd. Co.askebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Boston Partners Global Investors appears on Steamfitters Local Union No. 420 Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with The Boston Companyaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    The Philadelphia Trust Company no longer appears on Steamfitters Local Union No. 420 Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with The Philadelphia Trust Co.askebsa.dol.gov
  • Dec 31, 2023Assets changed
    Steamfitters Local Union No. 420 Pension Plan total assets $556M -> $646M (+16.2%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Steamfitters Local Union No. 420 Pension Plan plan assets $643M -> $555M (-13.6%, 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 232004424-001
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.