# UA Local 125 Retirement Savings Plan

UA Local 125 Retirement Savings Plan is a Pension Fund based in Cedar Rapids, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cedar Rapids, United States
- **Region:** North America
- **Address:** Cedar Rapids, IA, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** ualocal125pension.org

## Regulatory record

- **Reports private funds:** No

## About

The UA Local 125 Retirement Savings Plan was established to provide retirement security for members of the United Association of Plumbers and Pipefitters Local 125, which covers a broad swath of eastern Iowa. The plan is governed by its named Trustees, with Michael Sadler II serving as the day-to-day Plan Administrator. Contributions flow from participating signatory contractors and union members, creating a pooled retirement structure typical of Taft-Hartley multiemployer plans. The plan's investment architecture reflects a conservative, member-focused posture. Assets are allocated across registered mutual funds, an insurance company general account via unallocated contracts, participant loans, and directly owned commercial real estate. The real estate footprint is unusually explicit for a plan of this size: the portfolio includes the main union hall and meeting facility at 1831 16th Avenue SW in Cedar Rapids, plus satellite offices in Waterloo, Dubuque, and West Burlington. The plan's recordkeeping and member-directed investment platform is administered through John Hancock. Operational oversight is split between three named fiduciaries. Trustee Bret Brecke acts as Plan Sponsor, Trustee Joe Ockenfels shares fiduciary governance, and Plan Administrator Michael Sadler II handles day-to-day administration. The plan maintains ties to the broader Cedar Rapids business community through the Cedar Rapids Metro Economic Alliance. A separate scholarship program operates alongside the retirement plan, funded by the union but structurally distinct. The plan's structural differentiator is its direct ownership of commercial property tied to union operations. Unlike most local pension funds that outsource all real estate exposure to REITs or pooled funds, UA Local 125 holds the deeds to four operating union properties. This hybrid approach anchors a portion of the portfolio in tangible, income-generating assets physically linked to the membership it serves.

## Sectors

- Real Estate
- Infrastructure

## Offices

- Waterloo, IA
- Dubuque, IA
- West Burlington, IA

## People

- Bret Brecke — Trustee
- Joe Ockenfels — Trustee
- Michael Sadler II — Plan Administrator

## Questions

### How are member assets invested and administered?

The plan uses the John Hancock recordkeeping platform for member-directed investment accounts. The overall plan portfolio spans registered mutual funds, an insurance company general account via unallocated contracts, participant loans, and directly owned commercial real estate properties in Cedar Rapids, Waterloo, Dubuque, and West Burlington.

### What is the relationship between the retirement plan and UA Local 125?

UA Local 125 is an International union chapter representing plumbers and pipefitters covering eastern Iowa. The Retirement Savings Plan is a separate legal entity established under collective bargaining agreements with signatory contractors, governed by a joint board of union and employer Trustees. The union also maintains a separate scholarship program.

### Is this plan open to external investors or co-investment partners?

No. As a Taft-Hartley multiemployer pension plan, the UA Local 125 Retirement Savings Plan is exclusively for union members and their beneficiaries. It does not accept outside capital or participate in LP structures beyond its own portfolio investments.

## Related profiles

- [U.S. Private Wealth](https://altss.com/profile/u-s-private-wealth)
- [UA Local 467](https://altss.com/profile/ua-local-467)

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

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