Flint Area Plumbers & Pipefitters Local 370

Flint Area Plumbers & Pipefitters Local 370

The pension fund serves members of United Association Local 370, which represents plumbers and pipefitters across the Flint, Michigan area. As a Taft-Hartley multiemployer defined-benefit plan, its assets are jointly administered by union and contributing contractor trustees. The fund's administrative office is located in Lansing, separating fiduciary oversight from the union's local hall in Flushing, Michigan. Investment strategy concentrates heavily on private equity secondaries. This approach — purchasing existing limited partner commitments from other investors — can provide a shorter path to distributions and a broader vintage-year diversification than committing to new primary funds. While specific portfolio holdings are not publicly itemized, the fund's persistent labeling as a secondaries-focused investor across multiple Altss research observations confirms that the strategy is not a one-off tactical allocation but a structural posture. The fund's governance is led by Business Manager Harold Harrington, with union agents Zach Desrochers and Dan Gaudet also serving in leadership roles. The Local 370 operates a dedicated training center in Fenton, Michigan, ensuring a pipeline of skilled labor that supports the collective-bargaining agreements which, in turn, fund the pension obligations. A structural differentiator for Local 370's pension is its pure-Taft-Hartley governance combined with a concentrated secondaries mandate — a pairing less common than the diversified primary-fund programs typical at jointly-trusteed plans. The lack of a separate, named internal investment office suggests the fund relies heavily on external consultants or fund-of-one managers to execute its secondaries program, a delegation model that places a premium on a short list of specialized manager relationships.