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

U. a. Local 38 Defined Benefit Pension Plan

Taft-Hartley planSAN Francisco, CA
Assets
$555M
Total assets, Jun 30, 2025 reported
Funded
102.6%
Jul 1, 2024
Private markets target
n/a
policy Jun 30, 2025
Commitments
0
3 managers on Schedule C
Plan sponsor: Board of Trustees of U. a. Local 38 Trust Funds
Allocation policy
Form 5500, as of Jun 30, 2025
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 2.0%
  • Non-interest-bearing cash 0.7%
  • Corporate debt instruments (other) 10.3%
  • Corporate debt instruments (preferred) 7.4%
  • U.S. Government securities 16.7%
  • Other investments 2.1%
  • Partnership/joint venture interests 1.3%
  • Registered investment companies 4.4%
  • Common stock 50.4%
  • Real estate (other than employer real property) 3.2%
Consultants and advisers
7 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
21 managers on Schedule C
From Schedule C (investment management, code 28)
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
30 readings
Total assets
$555M Jun 30, 2025 reported Form 5500
$512M (2024-06) · $461M (2023-06)
Plan assets
$507M Jul 1, 2024 reported Form 5500
$459M (2023-07) · $432M (2022-07)
Net assets
$553M Jun 30, 2025 reported Form 5500
$507M (2024-06) · $459M (2023-06)
Funded ratio
102.6% Jul 1, 2024 reported Form 5500
102.4% (2023-07) · 105.0% (2022-07)
Participants
2,799 Jul 1, 2024 reported Form 5500
2,814 (2023-07) · 2,976 (2022-07)
Contributions
$36.5M Jun 30, 2025 reported Form 5500
$38.6M (2024-06) · $39.7M (2023-06)
Benefits paid
$31.5M Jun 30, 2025 reported Form 5500
$29.5M (2024-06) · $28.7M (2023-06)
Net investment income
$45.3M Jun 30, 2025 reported Form 5500
$48.3M (2024-06) · $27.4M (2023-06)
Investment management fees
$2.5M Jun 30, 2025 reported Form 5500
$2.3M (2024-06) · $2.0M (2023-06)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Jun 30, 20252,799n/an/an/a$555M$7.3Mn/a$18.0M
2023 to Jun 30, 20242,814n/an/an/a$512M$5.8Mn/a$18.0M
2022 to Jun 30, 20232,976n/an/an/a$461M$6.7Mn/a$18.0M
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
14 events
  • Dec 31, 2024Manager relationship started
    AFL Hit appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with AFL Hitaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Tina Fan no longer appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Tina Fanaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Newmark Valuation & Advisory LLC appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Newmark Valuation & Advisory LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Reinhart Genesis appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Reinhart Genesisaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Real Estate Fidicuiary Services LLP no longer appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Real Estate Fidicuiary Services LLPaskebsa.dol.gov
  • Jul 1, 2024Assets changed
    U. a. Local 38 Defined Benefit Pension Plan plan assets $459M -> $507M (+10.5%, 2023-07-01 to 2024-07-01)
    askebsa.dol.gov
  • Jun 30, 2024Assets changed
    U. a. Local 38 Defined Benefit Pension Plan total assets $461M -> $512M (+11.0%, 2023-06-30 to 2024-06-30)
    askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Segal Macro Advisors no longer appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)
    with Segal Marco Advisorsaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Tina Fan appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Tina Fanaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    American Century appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with American Centuryaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    SIT Investments Fi appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with SIT Investments Fiaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Real Estate Fidicuiary Services LLP appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as pension consultant (plan year 2023 vs 2022)
    with Real Estate Fidicuiary Services LLPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    SIT Investments Fl no longer appears on U. a. Local 38 Defined Benefit Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with SIT Investments Flaskebsa.dol.gov
  • Jul 1, 2023Funded status changed
    U. a. Local 38 Defined Benefit Pension Plan funded ratio 105.0% -> 102.4% (2022-07-01 to 2023-07-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 941285319-001
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.