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 & Pipefitters Local Unions 502 & 633 Pens

Taft-Hartley planTroy, MI
Assets
$623M
Total assets, Jul 31, 2025 reported
Funded
91.1%
Aug 1, 2024
Private markets target
n/a
policy Jul 31, 2025
Commitments
18
none on the tape
Plan sponsor: Joint Board of Trustees Plumbers & Pipefitters Local Unions
Allocation policy
Form 5500, as of Jul 31, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.4%
  • Non-interest-bearing cash 1.0%
  • Other investments 3.1%
  • Partnership/joint venture interests 6.0%
  • 103-12 investment entities 3.6%
  • Common/collective trusts 12.4%
  • Registered investment companies 70.8%
Consultants and advisers
3 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
4 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 Jul 31, 2025Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$3.9M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2025NIS Core Fixed Income Fund, LLCcollective trustNational Investment ServicesFixed income$57.4M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2025NIS High Yield Fund, LLCcollective trustNational Investment Services of America, LLCFixed income$2.4M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2025NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$5.2M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2025Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$22.5M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2025U.S. Core Partners Collective Invescollective trustBenefit Trust CompanyPooled vehicles$7.9M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2024Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$3.8M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2024NIS Core Fixed Income Fund, LLCcollective trustNational Investment ServicesFixed income$50.2M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2024NIS High Yield Fund, LLCcollective trustNational Investment Services of America, LLCFixed income$2.1M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2024NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$6.1M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2024Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$21.5M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2024U.S. Core Partners Collective Invescollective trustBenefit Trust CompanyPooled vehicles$10.3M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2023Afl-Cio Building Investment Trustcollective trustGreat Gray Trust CompanyPooled vehicles$4.1M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2023NIS Core Fixed Income Fund, LLCcollective trustNational Investment ServicesFixed income$28.8M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2023NIS High Yield Fund, LLCcollective trustNational Investment Services of America, LLCFixed income$1.5M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2023NIS Total Absolute Return Fund, LLCcollective trustTitaniumHedge / diversifiers$8.4M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2023Washington Capital Joint Master Tru103 12 ieWashington Capital Management, Inc.Pooled vehicles$20.5M heldDisclosed holdingaskebsa.dol.gov
as of Jul 31, 2023U.S. Core Partners Collective Invescollective trustBenefit Trust CompanyPooled vehicles$11.2M heldDisclosed holdingaskebsa.dol.gov
Size and funding
30 readings
Total assets
$623M Jul 31, 2025 reported Form 5500
$555M (2024-07) · $494M (2023-07)
Plan assets
$552M Aug 1, 2024 reported Form 5500
$492M (2023-08) · $474M (2022-08)
Net assets
$610M Jul 31, 2025 reported Form 5500
$552M (2024-07) · $492M (2023-07)
Funded ratio
91.1% Aug 1, 2024 reported Form 5500
87.1% (2023-08) · 84.4% (2022-08)
Participants
4,309 Aug 1, 2024 reported Form 5500
3,470 (2023-08) · 3,373 (2022-08)
Contributions
$38.8M Jul 31, 2025 reported Form 5500
$38.1M (2024-07) · $32.4M (2023-07)
Benefits paid
$36.7M Jul 31, 2025 reported Form 5500
$35.7M (2024-07) · $34.6M (2023-07)
Net investment income
$58.0M Jul 31, 2025 reported Form 5500
$60.3M (2024-07) · $18.5M (2023-07)
Investment management fees
$800,574 Jul 31, 2025 reported Form 5500
$795,065 (2024-07) · $869,267 (2023-07)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Jul 31, 20254,309n/an/an/a$623M$37.4Mn/an/a
2023 to Jul 31, 20243,470n/an/an/a$555M$43.9Mn/an/a
2022 to Jul 31, 20233,373n/an/an/a$494M$46.2Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
6 events
  • Jul 31, 2025Assets changed
    Plumbers & Pipefitters Local Unions 502 & 633 Pens total assets $555M -> $623M (+12.3%, 2024-07-31 to 2025-07-31)
    askebsa.dol.gov
  • Aug 1, 2024Funded status changed
    Plumbers & Pipefitters Local Unions 502 & 633 Pens funded ratio 87.1% -> 91.1% (2023-08-01 to 2024-08-01)
    askebsa.dol.gov
  • Aug 1, 2024Assets changed
    Plumbers & Pipefitters Local Unions 502 & 633 Pens plan assets $492M -> $552M (+12.2%, 2023-08-01 to 2024-08-01)
    askebsa.dol.gov
  • Jul 31, 2024Assets changed
    Plumbers & Pipefitters Local Unions 502 & 633 Pens total assets $494M -> $555M (+12.3%, 2023-07-31 to 2024-07-31)
    askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    The Segal Company appears on Plumbers & Pipefitters Local Unions 502 & 633 Pens's Schedule C as general consultant (plan year 2023 vs 2022)
    with Segalaskebsa.dol.gov
  • Aug 1, 2023Funded status changed
    Plumbers & Pipefitters Local Unions 502 & 633 Pens funded ratio 84.4% -> 87.1% (2022-08-01 to 2023-08-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 616078145-001
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.