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United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry
United Association pension fund, led by Mark McManus, manages retirement assets for plumbers and pipefitters with secondaries and real estate holdings.
United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry
The United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry (UA), headquartered in Annapolis, Maryland, operates a pension fund that stewards the retirement capital of its members — plumbers, pipefitters, sprinkler fitters, and welders organized under the UA union. Mark McManus serves as General President, overseeing both union operations and the fund's investment strategy. Investment activity is concentrated in secondaries and direct real estate. The fund's portfolio includes the Westin Diplomat Resort & Spa in Hollywood, Florida; the United Association National Pension Fund Headquarters in Alexandria, Virginia; and the UA National Welding School in Aurora, Illinois. Additional holdings span commercial properties and an S&P 500 index fund. Geographic focus is primarily North America. The fund's scale remains undisclosed, but its asset base supports benefits for over 300,000 members and retirees. The UA Charitable Fund Trust and UA Pipe PALS provide philanthropic outreach. No recent operational events have been publicly reported. A key structural differentiator is the fund's origin as a Taft-Hartley multi-employer pension plan, jointly managed by the UA and employer associations such as the Mechanical Contractors Association of America (MCAA). This governance model separates it from single-employer corporate pensions, with labor and management sharing fiduciary responsibility.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Annapolis
Corporate office
Annapolis, MD, United States
Additional offices
Alexandria, VA · Aurora, IL · Boston, MA · Hollywood, FL
Principals
Mark McManus
General President
Sector focus
Frequently asked questions
Who oversees investment decisions at the UA pension fund?
Mark McManus, General President of the United Association, is the named operator. The fund's investment decisions are governed by a board of trustees structured under its Taft-Hartley multi-employer plan, with representatives from both the union and employer associations like the Mechanical Contractors Association of America.
What is the UA pension fund's known investment strategy?
The fund is heavily focused on secondaries and direct real estate investments. Portfolio assets include the Westin Diplomat Resort & Spa in Hollywood, Florida; pension fund headquarters in Alexandria, Virginia; and an S&P 500 index fund. It does not appear to pursue venture capital or early-stage deals.
How does the UA pension fund source its investments?
Given the fund's emphasis on secondaries and direct real estate holdings, it likely relies on relationships with intermediary firms and property developers, not on venture networks. Its partnership with the Mechanical Contractors Association of America suggests co-investment opportunities in union-built infrastructure projects.
Is the UA pension fund a single-family office or multi-employer plan?
It is a Taft-Hartley multi-employer pension fund, jointly administered by the United Association union and employer associations. This structure is distinct from a single-family office; the fund's fiduciary duties are shared across labor and management trustees.
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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