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IUPAT DC5
The Oregon & Southwest Washington Painters Pension Plan was established in 1962 to provide retirement benefits to members of the International Union of...
IUPAT DC5
The Oregon & Southwest Washington Painters Pension Plan was established in 1962 to provide retirement benefits to members of the International Union of Painters and Allied Trades across Oregon and Southwest Washington. The fund is governed by a board of trustees and its day-to-day operations are steered by Business Manager/Secretary-Treasurer Todd Springer. Unlike many multi-employer pension plans that outsource the majority of asset management, the plan directly links its investment posture to the union's geographic footprint and training infrastructure. The fund's strategy has a pronounced real-asset tilt, concentrating on direct commercial real estate holdings in its Pacific Northwest territory. Confirmed property positions include its Portland headquarters at 11105 NE Sandy Blvd, an office in Tukwila, Washington, and a facility in Fairbanks, Alaska. In addition to these office assets, the plan holds a glazier training facility in Salt Lake City, Utah — an industrial property that doubles as an operational investment in the future skilled labor of its contributing employers. The geographic exposure spans Oregon, Washington, Utah, and Alaska. IUPAT DC5 does not publicly disclose its full organizational headcount, but its leadership structure is visible through its trustee board and business representatives, including Assistant Business Manager Lisa DeRosia and Business Representative Mike James. The plan maintains deep institutional ties to regional building trades councils, including the Washington State Building and Construction Trades Council and the Columbia-Pacific Building and Construction Trades Council. The fund participates in industry associations such as the National Glass Association, reflecting its member base's specialization in glazing and glasswork. Structurally, IUPAT DC5 represents a distinct category of pension fund: the local, multiemployer plan that invests directly in the markets where its members live and work. Rather than managing a globally diversified pool of third-party fund commitments, the plan's strategy appears to prioritize control — owning its offices, training centers, and potentially other union-built properties outright. This model ties the plan's investment returns to the construction activity of its own signatory contractors, creating a closed loop between asset performance and member employment.
General information
Firm type
Pension Fund
Year founded
1962
Location
Region
North America
Country
United States
City
Portland
Corporate office
Portland, OR, United States
Additional offices
Tukwila, WA · Fairbanks, AK
Principals
Todd Springer
Business Manager/Secretary-Treasurer and Trustee
Lisa DeRosia
Assistant Business Manager
Mike James
Business Representative for Local 740
Sector focus
Frequently asked questions
Who runs investment decisions at IUPAT DC5?
The pension plan is governed by a board of trustees. Todd Springer, in his capacity as Business Manager and Secretary-Treasurer, plays a central leadership role. Specific investment decisions, including asset allocation and real estate purchases, are typically executed by the board or delegated investment consultants, though the plan's direct ownership of multiple commercial properties suggests significant trustee involvement.
How is IUPAT DC5's portfolio structured?
The fund is heavily concentrated in direct commercial real estate. Public records indicate the plan directly owns its Portland headquarters, a Seattle-area office, a Fairbanks office, and an industrial glazier training facility in Salt Lake City. This points to a direct-ownership preference rather than a model based primarily on third-party fund commitments.
Is IUPAT DC5 a single union fund or part of a larger national plan?
IUPAT DC5 is a local multi-employer pension plan covering members of the International Union of Painters and Allied Trades in Oregon and Southwest Washington. It is distinct from the IUPAT's national pension fund, operating independently with its own board of trustees and asset pool.
Does IUPAT DC5 participate in fund commitments or only direct deals?
While comprehensive portfolio data is not public, the plan's known investment footprint consists entirely of directly owned real estate, including its offices and training facilities. There is no public evidence of traditional third-party private equity or venture fund commitments.
What is the plan's relationship with the National Glass Association?
IUPAT DC5 maintains active participation in the National Glass Association and its GlassBuild America events. This relationship reflects the union's deep specialization in glazing, glasswork, and the finishing trades, and serves as a networking and training conduit for its member base.
How does the plan support apprenticeship and workforce development?
Beyond benefit payments, the plan holds ownership of a dedicated glazier training facility in Salt Lake City. This industrial property functions as a direct investment in the skilled labor pipeline, supporting the union's registered apprenticeship programs and ensuring a steady supply of qualified workers for its signatory contractors.
Where does the underlying wealth of the fund come from?
The fund's assets are built from negotiated employer contributions tied to collective bargaining agreements. Signatory contractors across the painting, glazing, and finishing trades in Oregon and Southwest Washington contribute a negotiated hourly rate into the pension plan on behalf of union members.
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