Sheet Metal Workers Health Fund Of Local Union No. 19

The fund is governed by a joint board of trustees appointed equally by SMART Local Union No. 19 and contributing sheet metal contractors. Trustees select investment managers, approve asset allocations, and monitor performance. Bryan J. Bush, as President and Business Manager of Local 19, is a key union-side trustee. Thomas J Klingenberg serves as Fund Administrator, handling operational and reporting duties. Investment consultant relationships are not publicly disclosed.

The fund directly owns the Sheet Metal Workers Local 19 Union Hall and Training Center at 1301 South Columbus Boulevard in Philadelphia, which houses union operations and apprentice classrooms. It also controls a waterfront land parcel on the South Columbus Boulevard corridor near the Delaware River, a site with long-term redevelopment potential adjacent to the Philadelphia Navy Yard. Both holdings are self-administered, not held through pooled real estate funds.

The Sheet Metal Workers Local 19 Health Fund and Pension Fund are separate ERISA plans that share administrative staff and legal counsel but maintain distinct trust structures, investment policies, and beneficiary pools. The Health Fund provides medical, dental, vision, and disability benefits. The Pension Fund delivers retirement income. Both are governed by joint labor-management trustee boards and receive employer contributions under the same collective bargaining agreements with the Sheet Metal and Air Conditioning Contractors' National Association.