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Roofers Local Union 30
Roofers Local 30 Combined Pension Plan was founded in 1958 to provide retirement, disability, and death benefits to members of the United Union of Roofers,...
Roofers Local Union 30
Roofers Local 30 Combined Pension Plan was founded in 1958 to provide retirement, disability, and death benefits to members of the United Union of Roofers, Waterproofers and Allied Workers in the Philadelphia region. The plan is administered by BeneSys Inc. out of Troy, Michigan, but its operational and investment decision-making remains tied to union leadership, including Business Manager Shawn McCullough and International Vice President Thomas Pedrick. The fund is one of many Taft-Hartley multiemployer plans that pool contributions from multiple unionized employers across the roofing and waterproofing industry. The plan's investment strategy departs from the standard pension allocation playbook. While most multiemployer plans concentrate on fixed income, public equities, and institutional real estate funds, Roofers Local 30 runs a direct investment program that spans early-stage venture, growth capital, and commercial property. Confirmed real estate holdings include the union hall and PAC office at 6447 Torresdale Avenue in Philadelphia, a former apprentice training center on East Juniata Street, and a commercial property at 3200 Bristol Road in Bensalem, Pennsylvania. The plan also maintains an apprenticeship school in Westville, New Jersey, reflecting a geographic concentration in the Delaware Valley. The plan's scale is modest — Altss estimates total assets at approximately $154 million — but its governance structure creates unusual flexibility. As a self-administered plan with close ties to union leadership, investment decisions can move faster than those of larger public pensions constrained by consultant gatekeepers and board cycles. The plan participates in the AFL-CIO's investment programs while also pursuing direct allocations. Adjacent vehicles include the Roofers Local 30 Joint Apprenticeship Fund and a political action fund that operates separately from pension assets. What distinguishes the Roofers Local 30 plan structurally is its blending of direct real estate operating-company ownership with venture exposure inside a defined-benefit wrapper — a combination more common among family offices than union pension funds. The plan holds industrial and commercial properties directly rather than through fund commitments, and its venture strategy targets early-stage companies, a risk posture unusual for a plan of this size. Governance rests with union trustees rather than an independent investment committee, concentrating authority among labor leaders who have operated in the Philadelphia construction ecosystem for decades.
General information
Firm type
Multi Family Office
Year founded
1958
Location
Region
North America
Country
United States
City
Philadelphia
Corporate office
Philadelphia, PA, United States
Additional offices
Troy, MI (Administrative Office)
Principals
Shawn McCullough
Business Manager
Thomas Pedrick
International Vice President
Brian Pleis
President and Business Representative
Sector focus
Frequently asked questions
Who runs investment decisions at Roofers Local 30 Combined Pension Plan?
Investment decisions are driven by union leadership, most notably Business Manager Shawn McCullough, International Vice President Thomas Pedrick, and President Brian Pleis. The plan is administered by BeneSys Inc., but trustee authority rests with union-appointed board members rather than an independent investment committee. Specific internal investment staff roles are not publicly detailed.
Is Roofers Local 30 a single-employer or multiemployer pension plan?
It is a multiemployer defined-benefit plan established under the Taft-Hartley Act, meaning multiple unionized roofing and waterproofing employers contribute to the same pool. This structure is common in the building trades, where workers move between employers on different projects but maintain continuous pension coverage. The plan provides retirement, disability, and death benefits to participating members.
What asset classes does the plan invest in?
The plan holds direct commercial and industrial real estate concentrated in the Philadelphia metropolitan area, including its own union hall, training centers, and investment properties. It also pursues venture capital allocations across early-stage and growth-stage companies through direct investments rather than exclusively through fund commitments. This hybrid real-asset-plus-venture posture is atypical for a multiemployer plan of its size.
How is the plan's real estate portfolio structured?
Rather than committing to institutional real estate funds, the plan owns properties directly. Confirmed holdings include the union hall at 6447 Torresdale Avenue in Philadelphia, a former apprentice training center on East Juniata Street, a commercial property at 3200 Bristol Road in Bensalem, Pennsylvania, and an active apprenticeship school in Westville, New Jersey. These assets serve both operational union functions and investment purposes.
What is the plan's relationship with the AFL-CIO?
Roofers Local 30 is affiliated with the AFL-CIO through the United Union of Roofers, Waterproofers and Allied Workers and participates in the AFL-CIO's investment programs. The plan is also a member of the Philadelphia Building and Construction Trades Council and the Multiemployer Pension Plans Coalition, an advocacy group focused on Taft-Hartley defined-benefit plan interests.
Where does the plan's funding come from?
Contributions come from unionized roofing and waterproofing contractors in the Philadelphia region who are party to collective bargaining agreements with Local 30. Contribution rates are negotiated in each contract cycle. The plan operates alongside the Roofers Local 30 Joint Apprenticeship Fund of Philadelphia and Vicinity, which is separately administered from Troy, Michigan.
Does the plan maintain any philanthropic or political entities?
Yes, the union sponsors the Jack 'The Roofer' Memorial Scholarship, a political action committee, and a Political Action and Education Fund. These operate as separate vehicles from the pension plan itself, with the political funds supporting labor-advocacy efforts. Philanthropic and political activities are not funded from pension assets.
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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