Pension Fund

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Operative Plasterers and Cement Masons Union Local No. 8 Defined Benefit Pension Fund

Operative Plasterers and Cement Masons Union Local No. 8 Defined Benefit Pension Fund is a private sector pension fund based in Philadelphia, US.

Operative Plasterers and Cement Masons Union Local No. 8 Defined Benefit Pension Fund

Operative Plasterers and Cement Masons Union Local No. 8 Defined Benefit Pension Fund is a private sector pension fund based in Philadelphia, US. It manages approximately $26 million in assets across one fund. The fund focuses on North America.

General information

Firm type

Pension Fund

Location

Region

North America

Country

United States

City

Philadelphia

Corporate office

Philadelphia, PA, United States

Principals

Michael J. Dunphy

Union Trustee

Patrick Kilkenny

Union Trustee

Thomas J. Kilkenny, Jr.

Union Trustee

Frequently asked questions

Is this pension plan still accepting new participants?

No. The plan has been in a frozen or terminated-vested status since the sponsoring union local, Operative Plasterers and Cement Masons Local 8, was consolidated into Local 592 in 2015. New bargaining-unit members now accrue benefits under a different arrangement. The plan's remaining obligation is to pay vested benefits to its closed participant base.

Who sits on the board of trustees?

Union trustees include Michael J. Dunphy, Patrick Kilkenny, and Thomas J. Kilkenny, Jr. The board also includes employer-appointed trustees, consistent with Taft-Hartley multi-employer plan governance. Names of employer trustees change over time and are disclosed in the plan's Form 5500 filings.

How does the plan invest its assets?

Public Department of Labor filings indicate a conventional allocation to fixed-income and US large-cap equity strategies, managed by external institutional asset managers. The plan does not appear to invest in private equity, hedge funds, venture capital, or direct real estate — a posture consistent with a maturing liability stream that prioritizes liquidity and capital preservation.

Does the plan make co-investments or direct deals?

No. The plan's investment program relies entirely on commingled and separately managed public-markets mandates. No evidence of co-investment vehicles, direct operating-company investments, or real asset direct ownership appears in the public record.

What happened to Local 8, the sponsoring union?

Operative Plasterers and Cement Masons Local No. 8 was merged into Cement and Plasterers Union Local No. 592, headquartered in Harahan, Louisiana, effective 2015. Local 592 is the surviving entity and continues to represent plasterers and cement masons across multiple jurisdictions. The pension fund, however, was not merged and still reports separately to the Department of Labor.

Where can I find the plan's financial documents?

The plan files annual Form 5500 reports with the Employee Benefits Security Administration of the US Department of Labor. Those filings are public and searchable through the EFAST2 database using the plan's EIN and plan number. The filings contain audited financial statements, funding status, and investment manager disclosures.

Can an outside asset manager pitch to this plan?

In the plan's current run-off state, it is unlikely to be running a competitive RFP process for new investment mandates. The board's focus is on discharging maturing liabilities, not on altering strategic asset allocation. Any unsolicited outreach would reach union-trustee offices in Philadelphia.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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