UA Plumbers & Steamfitters Local 73 Pension Plan

It is a Taft-Hartley multiemployer defined-benefit pension plan, jointly administered by a board of trustees representing both Local 73 and contributing signatory contractors in the Oswego region. Heather Turk serves as Plan Manager. The fund operates under ERISA, and its public investments and fiduciary activities, including litigation, are directed by the board with support from external consultants.

Yes. The plan was a plaintiff in litigation seeking recovery of losses tied to the Bernard L. Madoff Ponzi scheme, joining forces with other union pension and health funds, including Plumbers & Steamfitters Local 267 and Roofers Waterproofers & Allied Workers Local 195. This reflects a broader strategy among Taft-Hartley plans to recover damages through class-action suits when portfolio managers or custodians are alleged to have breached duties.

No. Like most small to mid-sized Taft-Hartley plans, the Local 73 fund relies on its board of trustees and external investment consultants to set asset allocation, select fund managers, and monitor performance. There is no dedicated internal investment team. The plan's primary direct fiduciary activities visible in public records are its participation in trustee meetings and securities litigation.

The Local 73 Pension Plan has a documented history of co-investing — particularly in litigation recovery — with the Plumbers & Steamfitters Local 267 Pension Fund, the Plumbers Local 112 Health Fund, and the United Union of Roofers Waterproofers & Allied Workers Local 195. These relationships form a regional Upstate New York network of building-trades funds that share monitoring costs and legal representation.

No AUM figure is publicly available. The plan files a Form 5500 annually with the Department of Labor, as required by ERISA, which does contain asset and liability data, but that figure is not actively promoted or published on a central public website by the plan itself. The reporting is accessible through DOL retrieval systems rather than press releases or marketing materials.