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U.A. Union Local No. 290 Plumber Steamfitter and Shipfitter Industry Retiree Health and Welfare Plan
The U.A. Union Local No. 290 Plumber, Steamfitter and Shipfitter Industry Retiree Health and Welfare Plan is a Taft-Hartley welfare fund based in Tualatin,...
U.A. Union Local No. 290 Plumber Steamfitter and Shipfitter Industry Retiree Health and Welfare Plan
The U.A. Union Local No. 290 Plumber, Steamfitter and Shipfitter Industry Retiree Health and Welfare Plan is a Taft-Hartley welfare fund based in Tualatin, Oregon. It exists solely to provide health coverage — primarily supplemental Medicare wrap-around plans and prescription drug benefits — to retired members of United Association Local 290, which represents skilled tradespeople across Oregon and Southwest Washington. Unlike a pension fund that accumulates and deploys investment assets, this is a health-and-welfare trust: contributions from participating employers flow in, and claims payments flow out to retirees and their covered dependents. The fund does not function as an institutional allocator. It does not invest in private equity, venture capital, real estate, or hedge funds as a limited partner, nor does it run direct co-investment programs. Its operational footprint is confined to selecting and administering health plans for its beneficiary population. Public records indicate the plan has contracted with RetireeFirst, a third-party benefits administrator, to manage retiree advocacy and plan navigation services. This partnership focuses on ensuring Medicare-eligible participants access cost-effective coverage, not on generating investment returns. The plan's governance is embedded within U.A. Local 290's broader trust structure, overseen by a joint board of labor and management trustees as mandated by the Taft-Hartley Act. The fund files annual Form 5500 reports with the U.S. Department of Labor, which detail its financial condition, contributions received, and benefits paid. These filings confirm the fund's balance sheet is modest relative to institutional pension funds, consistent with a pay-as-you-go health trust. There are no known affiliated investment vehicles, foundations, or co-investment clubs tied to the plan. The structural reality is that this entity is an ERISA-governed welfare benefit plan, not a family office or an investment manager. Its sole differentiator is its narrow, legally bounded mission: protecting the health benefits of a specific skilled-trade retiree community in the Pacific Northwest. No investment staff, no asset allocation committee, and no external portfolio exists. Allocators seeking an investment partner here are looking at the wrong entity.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Tualatin
Corporate office
Tualatin, OR, United States
Frequently asked questions
Who runs the U.A. Local 290 Retiree Health and Welfare Plan?
The plan is governed by a board of trustees composed equally of union representatives from United Association Local 290 and representatives of contributing employers, as required under the Taft-Hartley Act. Day-to-day administration is handled by professional third-party administrators, including RetireeFirst for retiree benefit navigation. No single named investment chief or portfolio manager exists, because the plan does not maintain an investment portfolio.
Does this plan invest in private equity, venture capital, or real estate?
No. The U.A. Local 290 Retiree Health and Welfare Plan is a health-benefit trust, not a pension fund with an investment mandate. Its assets consist of employer contributions held to pay current and future retiree health claims. There is no evidence in public filings or union communications that the plan allocates capital to any asset class.
How is this fund related to U.A. Local 290's pension plan?
They are legally separate trusts. The Health and Welfare Plan provides medical and prescription drug benefits. The U.A. Local 290 Pension Plan is a distinct defined-benefit plan that accumulates and invests assets for retirement income. Both operate under the same joint labor-management trustee structure but maintain independent financial statements, actuary relationships, and regulatory filings with the Department of Labor.
What is the financial scale of the plan?
The plan does not publicly disclose assets under management in the investment sense. Annual Form 5500 filings — required by ERISA and available via the Department of Labor — show contribution and benefit payment flows consistent with a modestly sized single-employer welfare fund serving a limited retiree population in Oregon and Southwest Washington.
Can external allocators or GPs access this fund as a limited partner?
No. This fund has no mandate to invest as a limited partner in any fund. Its expenditures are directed entirely toward health plan premiums, third-party administrative fees, and direct benefit reimbursements for covered retirees. Outreach from GPs or placement agents is misdirected.
Is the plan affiliated with any co-investment clubs or family office networks?
No. The U.A. Local 290 Retiree Health and Welfare Plan operates as a standalone Taft-Hartley welfare trust with no known affiliations to investment clubs, family office networks, or multi-family office platforms. Its governance is confined to the union and contributing employer trustees.
Where can I find the plan's latest financial statements?
The plan files annual Form 5500 reports with the U.S. Department of Labor's Employee Benefits Security Administration. These are publicly accessible via the DOL's EFAST filing system. The reports include basic balance sheet information, contribution and benefit payment totals, and service provider fee disclosures. They do not include investment schedules typical of a pension filing because the plan holds no investment portfolio.
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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