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Pipe Fitters Local Union No. 120 Pension Plan
The Pipe Fitters Local Union No. 120 Pension Plan exists to provide defined benefits to the nearly 1,700 members of the affiliated Pipefitters Local 120, a...
Pipe Fitters Local Union No. 120 Pension Plan
The Pipe Fitters Local Union No. 120 Pension Plan exists to provide defined benefits to the nearly 1,700 members of the affiliated Pipefitters Local 120, a Cleveland-based labor union chartered over 120 years ago. The plan operates under the administration of Thomas Jubeck and sponsorship of David Williams, managing assets generated from employer contributions tied to collective bargaining agreements. The plan’s obligations are intrinsically linked to the regional construction economy and the union’s ability to maintain active work hours. The plan’s known deployment is concentrated in real estate, specifically through a commitment to the Mesirow Financial Real Estate Value Fund IV, a North America-focused mixed-use vehicle. Beyond this fund commitment, the plan holds physical assets at its Cleveland headquarters. The pension office and the broader local union structure, which includes an Ashtabula office serving Lake Erie corridor members, support the financial and administrative functions of the plan. No direct investment mandates or allocations to venture capital, private equity, or hedge funds are publicly recorded. The plan’s scale and total professionals are not publicly disclosed, and its investment portfolio is opaque to external observers. Operations are conducted from the pension office on Halle Drive in Cleveland, distinct from the union hall and training center located at the same address. The union’s recent activity reflects local economic engagement: in April 2026, Business Manager and agents accompanied a member and Brook Park Mayor Ed Orcutt to the groundbreaking for the new Cleveland Browns Stadium, signaling ongoing work opportunities that will feed future contributions into the plan. The plan’s structure is defined by its Taft-Hartley multi-employer pension framework, which pools contributions from multiple signatory contractors rather than a single corporate sponsor. This architecture ties the plan’s funding health to the aggregate bargaining power and employment levels of Pipefitters Local 120 members rather than the balance sheet of one employer, making it a direct barometer of unionized industrial construction activity in Ohio.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Cleveland
Corporate office
6305 Halle Drive, Cleveland, Ohio 44125, United States
Additional offices
Geneva on the Lake, Ohio, United States
Principals
Thomas Jubeck
Plan Administrator
David Williams
Plan Sponsor
Sector focus
Frequently asked questions
Who is responsible for overseeing the Pipe Fitters Local 120 Pension Plan?
The plan is administered by Thomas Jubeck and sponsored by David Williams, as recorded in fiduciary filings. Both roles operate within the framework of the affiliated Pipefitters Local 120 union, which represents nearly 1,700 members in Cleveland and Northeast Ohio. Investment and administrative decisions are governed by the plan's board of trustees, though specific trustee names are not publicly listed on the plan's website.
How does the pension plan's funding relate to the union's activity?
As a Taft-Hartley multi-employer plan, funding comes from hourly contributions negotiated in collective bargaining agreements with signatory mechanical contractors. Contribution levels and plan cash flows therefore rise and fall with the volume of union construction work in the region. The connection was visible in April 2026, when union leadership marked the groundbreaking of the new Cleveland Browns stadium, a major project that will generate substantial pension contributions.
What are the plan’s known investment holdings?
Publicly available information reveals only one specific investment: a commitment to the Mesirow Financial Real Estate Value Fund IV, a North America-focused mixed-use real estate fund. The plan also holds physical assets associated with its Cleveland headquarters. No direct allocations to publicly traded securities, venture capital, or private equity funds have been recorded in accessible sources.
Does the plan invest outside of real estate?
The plan's investment policy is not publicly documented, and no allocations beyond the Mesirow Financial real estate fund commitment have been identified. Many multi-employer pension plans maintain diversified portfolios including fixed income, equities, and alternative assets, but the Pipe Fitters 120 Pension Plan does not disclose its full asset mix.
How many participants rely on the Pipe Fitters Local 120 Pension Plan?
The plan covers members of Pipefitters Local 120, which reports nearly 1,700 active skilled tradesmen and women. Participant counts including retirees and separated vested members are not publicly broken out on the union website. Given the local’s 120-year history, the participant base likely includes a substantial retired population.
Profile maintained by Altss 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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