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Chicago Journeymen Plumbers' Local Union 130, U. A.
The Plumbers Welfare Fund was established in 1953 to serve members of Chicago Journeymen Plumbers' Local Union 130, U. A. James F. Coyne serves as Business...
Chicago Journeymen Plumbers' Local Union 130, U. A.
The Plumbers Welfare Fund was established in 1953 to serve members of Chicago Journeymen Plumbers' Local Union 130, U. A. James F. Coyne serves as Business Manager. The fund functions as a defined-benefit plan that pays retirement, disability, and death benefits. The fund holds a long equity position in CVS Health Corp. It owns six commercial and mixed-use properties in the Chicago region, including the 50,000-square-foot Training Center, the Joliet and Volo training facilities, the Wellness and Vision Center in Lemont, and the headquarters at 1340 West Washington Boulevard. Geographic exposure centers on Illinois and the Midwest. The fund participates in securities litigation and maintains relationships with the United Association and the Chicago Federation of Labor. The fund lists 1,428 million USD in assets. It operates three foundations, including the Political Fund for Chicago Journeymen Plumbers Local Union 130, U.A. and the Bailey Memorial Scholarships. In March 2025 the organization served as title sponsor of the Chicago St. Patrick's Day Parade. Governance links the pension directly to the union's elected leadership and collective-bargaining agreements with the Plumbing Contractors Association of Greater Chicago.
General information
Firm type
Pension Fund
Year founded
1953
Location
Region
North America
Country
United States
City
Chicago
Corporate office
1340 West Washington Boulevard, Chicago, IL 60607-1988, United States
Principals
James F. Coyne
Business Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Chicago Journeymen Plumbers' Local Union 130, U. A.?
James F. Coyne serves as Business Manager. Investment advisor Strategic Capital Investment Advisors, Inc. provides external support.
What asset classes does the fund hold?
The fund maintains a long equity position in CVS Health and direct ownership of six commercial properties in Illinois.
Does the fund participate in litigation or shareholder actions?
Yes. The Plumbers Welfare Fund, Local 130 has appeared as plaintiff in securities litigation against CVS Health Corp.
What is the fund's relationship to the United Association?
The local union is affiliated with the United Association, the parent international union representing building trades workers.
How does the fund support members beyond retirement benefits?
It operates training centers, a wellness center, scholarship programs, and political contributions through a 527 organization.
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