Updated:
UA Plumbers & Steamfitters Local 525 Pension Plan
Taft-Hartley multi-employer defined-benefit fund covering plumbers and pipefitters in southern Nevada, jointly governed by union and employer trustees.
UA Plumbers & Steamfitters Local 525 Pension Plan
The United Association of Plumbers & Steamfitters Local 525 Pension Plan operates as a Taft-Hartley multi-employer defined-benefit fund serving members of the Las Vegas-based pipe trades local. Governed by a joint Board of Trustees with equal union and employer representation, the plan collects hourly contributions from signatory contractors under collective bargaining agreements and invests to meet actuarially projected retirement obligations. Its beneficiary base consists of journeymen and apprentice plumbers, pipefitters, and HVAC service technicians whose work spans the commercial and residential construction markets of Clark County. The fund's investment posture reflects the long-duration liability profile typical of a multi-employer pension plan, with an allocation likely spanning public equities, fixed income, real assets, and private market exposures accessed through consultant-advised portfolios or commingled fund structures. Most Taft-Hartley plans of this size engage an institutional investment consultant to shape asset allocation and manager selection. The plan is administered through a benefits office that also oversees health and welfare funds, suggesting a centralized administrative structure that may share costs across related Local 525 trust funds — a common efficiency arrangement among building-trade pension plans. Plan-level financial disclosures filed with the U.S. Department of Labor provide periodic transparency into asset levels, contribution receipts, and benefit payouts. The fund's investment operations are tied to the construction cycle of greater Las Vegas, a region with high exposure to hospitality and entertainment megaprojects that have historically driven union plumbing and pipefitting employment. The plan's staffing and advisor relationships remain publicly undisclosed in easily accessible formats, consistent with many mid-sized Taft-Hartley funds that report financials to the DOL but do not maintain an investor-facing public profile. Structurally, the plan's multi-employer design differentiates it from single-employer or public pension funds: the board must balance the competing interests of union members who want benefit security and contributing contractors who want predictable contribution rates. Unlike a corporate pension fund, no single balance sheet backstops the plan — the Pension Benefit Guaranty Corporation provides a statutory safety net if the fund ever enters distress, adding a layer of federal oversight not present for single-family offices or endowment pools.
General information
Firm type
Pension Fund
Year founded
—
AUM
Under $500M (Altss estimate)
Location
Region
North America
Country
United States
City
Las Vegas
Corporate office
Las Vegas, NV, United States
Frequently asked questions
Who governs the investment decisions of the UA Local 525 Pension Plan?
A joint Board of Trustees with equal representation from UA Local 525 and contributing employers oversees the plan. The board typically delegates day-to-day investment management to an institutional investment consultant and external fund managers, though the specific consultant and manager roster is not publicly disclosed.
How is the UA Local 525 Pension Plan funded?
The plan is funded entirely through hourly contributions paid by signatory contractors under collective bargaining agreements with Local 525. No employee contributions are required. Contribution rates are negotiated periodically and tied to hours worked by covered plumbers, pipefitters, and HVAC service technicians on projects within the union's southern Nevada jurisdiction.
What distinguishes this plan from a public pension fund?
As a Taft-Hartley multi-employer plan, the fund serves workers across many separate private-sector employers rather than a single government entity. If the plan becomes underfunded, the Pension Benefit Guaranty Corporation provides a federal backstop — unlike public pension funds, which generally lack PBGC coverage and rely on taxpayer guarantees.
What role does the Las Vegas construction market play in the plan's health?
The plan's contribution base is tied directly to union construction activity in Clark County. Heavy cycles in Las Vegas hospitality, gaming, and commercial real estate development drive the demand for pipe trades labor and, consequently, the flow of employer contributions that fund the pension trust.
Where can an institutional allocator find financial disclosures for this plan?
The plan files Form 5500 annually with the U.S. Department of Labor, disclosing total assets, contribution receipts, benefit payouts, and administrative expenses. Those filings are publicly searchable through the DOL's EFAST system.
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.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: