# UA Local 467

UA Local 467 is a Pension Fund based in Burlingame, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Burlingame, United States
- **Region:** North America
- **Address:** 1519 Rollins Road, Burlingame, CA 94010, United States
- **Founded:** 1903
- **Assets under management:** Undisclosed
- **Website:** ualocal467.org
- **LinkedIn:** https://www.linkedin.com/company/ua-local-467

## Regulatory record

- **Reports private funds:** No

## About

UA Local 467 operates as the San Mateo County chapter of the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry, dispatching skilled labor to major commercial and industrial projects across the Peninsula. Its pension apparatus — comprising defined benefit, defined contribution, and health and welfare trust funds administered from San Jose — pools member and employer contributions bargained under agreements with the Mechanical Contractors Association. While the funds' total asset size is not publicly disclosed, their growth trajectory aligns with the sustained construction cycle that has transformed the Bay Area office, life-science, and infrastructure landscape since the early 2000s. The funds' investment posture reflects classic building-trades allocation: a core of real estate and infrastructure alongside private credit and a growing venture capital sleeve. Real estate exposure includes the union's own 1519 Rollins Road training center in Burlingame, and the broader portfolio is managed under the direction of the Business Manager and trustees in consultation with institutional investment consultants. The fund operates within the larger network of North America's Building Trades Unions (NABTU), gaining access to co-investment intelligence and manager recommendations shared across affiliated locals. The California State Pipe Trades Council coordinates legislative and scholarship initiatives at the state level, creating an additional channel for institutional peer exchange. The plan maintains offices adjacent to its San Jose fund administration hub, ensuring proximity to the same Silicon Valley ecosystem whose physical expansion it helps supply with labor. Monthly trustee meetings — standard for Taft-Hartley plans — provide governance cadence. The structural differentiator is sourcing access derived from the parent union's presence on major Bay Area job sites. As a signatory contractor trust, the fund's trustees receive direct visibility into project pipelines before ground breaks — from chip-fabrication plants to hospital towers — that can inform both real asset investment timing and venture deal-flow into construction-adjacent technology. This information advantage, rare among institutional investors of any scale, flows from the Local's core operating business: putting pipefitters and plumbers onto exactly those sites.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Venture Capital

## Offices

- San Jose, CA, United States

## People

- Mark Burri — Business Manager
- Pete Dufault — President

## Questions

### Where does the capital come from?

Assets flow from multi-employer collective bargaining agreements requiring signatory contractors to contribute a negotiated hourly amount into pension and welfare trusts on behalf of each covered employee. The Local's jurisdiction covers San Mateo County and parts of the surrounding Peninsula, linking fund growth directly to the volume of commercial construction hours worked in that territory.

### What is the relationship between UA Local 467 and the Mechanical Contractors Association?

The Mechanical Contractors Association (MCA) is the employer bargaining unit representing union-signatory plumbing and mechanical contractors who employ Local 467 members. Their relationship is structural: MCA trustees sit on the pension and health fund boards, providing equal employer-side governance alongside labor-side trustees appointed by the Local.

### Does the fund maintain any direct real estate holdings?

The union hall and training center at 1519 Rollins Road in Burlingame is an owned commercial asset of UA Local 467, distinct from but adjacent to the pension trust portfolio. Whether the pension fund itself holds additional direct real estate is not disclosed publicly, though building-trades plans frequently include REIT allocations or joint-venture real-asset exposure.

## Related profiles

- [UA Local 125 Retirement Savings Plan](https://altss.com/profile/ua-local-125-retirement-savings-plan)
- [UA Local 467 Health & Welfare Trust Fund](https://altss.com/profile/ua-local-467-health-welfare-trust-fund)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/ua-local-467

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology