# Plumbers & Pipefitters Local 693

Plumbers & Pipefitters Local 693 is a Pension Fund based in South Burlington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** South Burlington, United States
- **Region:** North America
- **Address:** 3 Gregory Dr, South Burlington, VT 05403, United States
- **Assets under management:** Undisclosed
- **Website:** ualocal693.org

## Regulatory record

- **Reports private funds:** No

## About

Plumbers & Pipefitters Local 693 is a chartered local of the United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry, the international union representing pipe trades workers across North America. Based in South Burlington, Vermont, the local operates a multi-employer defined-benefit pension plan alongside its health and welfare fund, serving members who work primarily in commercial and industrial construction across the state. The local's union hall at 3 Gregory Drive also houses affiliated training and benefit administration functions. The pension fund's investment strategy, is focused entirely on buyouts within private equity. This concentrated approach is typical of smaller Taft-Hartley plans that access the asset class through fund commitments rather than direct deals. While specific fund relationships and portfolio holdings are not publicly disclosed by the local, Taft-Hartley plans of this profile commonly commit to middle-market buyout funds and may participate in union-focused investment vehicles like the Ullico Infrastructure Fund or building trades-sponsored real estate strategies. The fund's operations fall under the Employee Retirement Income Security Act of 1974, with fiduciary oversight provided by a board of trustees composed of both union and contributing employer representatives. The local's benefit funds are managed by a small internal staff supported by third-party administrators, investment consultants, and actuaries. Norman Duprey serves as a key officer for the Health & Welfare Fund, while Erin Flanders is identified as staff. The local is also affiliated with the Vermont State Building and Construction Trades Council, the state-level labor federation that coordinates political and legislative advocacy for construction unions. Adjacent to the pension fund, the local maintains a union hall, training center, and general operating assets. The fund's structural differentiator is its embedded position within the national United Association's pension ecosystem, which provides smaller locals like 693 access to pooled investment expertise, shared trustee education resources, and potential co-investment opportunities across the broader UA network. This federated model allows a single-local plan in a small state to participate in institutional-grade private equity commitments that would be difficult to source and diligence independently.

## Sectors

- Buyout

## People

- Norman Duprey — Officer, Health & Welfare Fund
- Erin Flanders — Staff

## Questions

### Who runs investment decisions for Local 693's pension fund?

Investment decisions are governed by a joint board of trustees composed of union and contributing employer representatives, as required under the Taft-Hartley Act and ERISA. Day-to-day investment operations are supported by external consultants and fund administrators. The specific named trustees are not publicly disclosed, but fiduciary responsibility is split evenly between labor and management appointees.

### Is Local 693's pension fund part of a larger national plan?

No. Local 693 operates its own defined-benefit pension fund under a local trust, but it is chartered under the United Association international union, which provides shared infrastructure, trustee education, and potential investment collaboration across the UA's national network of local pension funds. The UA itself does not run a single consolidated national plan, but the federated structure creates informal alignment across locals.

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Last updated: 2026-06-03T20:00:00.000Z

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