Plumbers & Steamfitters Local 118 Pension Plan

Plumbers & Steamfitters Local 118 Pension Plan

Established in 1893 alongside the union itself, the Plumbers & Steamfitters Local 118 Pension Plan serves members of UA Local 118 across Kenosha, Racine, and Walworth counties. The plan is administered by BeneSys, Inc. — formerly BPA of Wisconsin — a third-party administrator handling Taft-Hartley benefit funds nationwide. Beyond that administrative relationship, the plan discloses no investment committee structure, no named trustees, and no internal or outsourced CIO. The plan's investment strategy, asset allocation, and manager relationships are not publicly documented. Its website — a member-facing portal — requires login credentials for any content beyond a contact page and a training-center listing. Institutional databases carry no record of recent commitments, direct holdings, or consultant relationships. This level of opacity is not unusual among smaller Taft-Hartley plans, but it means no verifiable claims can be made about stage, sector, or geographic focus. As of mid-2026, the plan has made no public filings or press releases detailing team size, deployment pace, or portfolio composition. The union's administrative offices sit at 3030 39th Avenue in Kenosha, with a training center in Sturtevant. No philanthropic vehicles, co-investment clubs, or affiliated foundations are associated with the plan in any public record. Structurally, the plan represents a classic Taft-Hartley multi-employer defined-benefit arrangement — governed by a joint board of union and contributing employer trustees, administered by a third party, and insulated from the transparency norms of public pension systems. That governance structure, paired with its small-member-base scale, makes it effectively invisible to peer allocators and GP origination teams.