# UA Plumbers & Steamfitters Local 73 Pension Plan

UA Plumbers & Steamfitters Local 73 Pension Plan is a Pension Fund based in Oswego, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Oswego, United States
- **Region:** North America
- **Address:** Oswego, NY, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

United Association of Plumbers & Steamfitters Local 73 Pension Plan is a private sector pension fund based in Oswego, US. It manages approximately $66 million in assets, primarily serving North America.

## People

- Heather Turk — Plan Manager
- James Rounds — Trustee
- Lyle D. Fassett — Trustee

## Questions

### How is the United Association of Plumbers & Steamfitters Local 73 Pension Plan structured?

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.

### Has the fund been involved in any notable securities litigation?

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.

### Does the Local 73 Pension Plan manage investments in-house?

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.

### Which other union funds does Local 73 routinely work with?

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.

### Does the fund disclose its total assets under management?

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.

## Related profiles

- [UA Plumbers & Steamfitters Local 22 Pension Plan](https://altss.com/profile/united-association-of-plumbers-and-steamfitters-local-22-pension-plan)
- [Fuller, Smith & Turner Pension Scheme](https://altss.com/profile/fuller-smith-and-turner-pension-scheme)

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

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