# UA Local 322 Pension Fund

UA Local 322 Pension Fund is a Pension Fund based in Hammonton, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Hammonton, United States
- **Region:** North America
- **Address:** Winslow, NJ, United States
- **Founded:** 1912
- **Assets under management:** Undisclosed
- **Website:** www.ua322.org

## Regulatory record

- **Reports private funds:** No

## About

The UA Local 322 Pension Fund provides defined benefit coverage for members of a union chartered in 1912, representing plumbers, pipefitters, and HVAC service technicians. The fund is a trust vehicle, governed by a board of trustees drawn from both labor and contributing employers, which is standard architecture for multiemployer Taft-Hartley plans. Its assets are built solely through collectively bargained employer contributions tied to hours worked, making the fund's growth a direct function of construction activity in Southern New Jersey counties. The plan invests across a diversified institutional allocation. While specific portfolio holdings are not publicly detailed, Ohio Carpenters' Pension Fund documents from 2023 and 2024 confirm the UA Local 322 fund as a recurring limited partner in its own real estate and private markets investment programs. The fund also retains a fiduciary liability insurance policy through Ullico, a carrier closely associated with union-labor investment vehicles. The geographic focus remains national in its deployment, with governance firmly rooted in the unions and contractor associations of New Jersey's construction economy. The fund does not disclose its total asset size or the number of professionals managing it. Its operations are closely tied to the parent union hall in Winslow, with no separate investment offices or adjacent philanthropic foundations publicly identified. UA Local 322 also sponsors a separate health and welfare fund for active members, creating a parallel benefits structure that sits alongside the pension trust. What distinguishes the fund is its position within the dense web of building-trades pension capital. As a participant in the National Electrical Benefit Fund and contributor to multiemployer pooled investment vehicles, it gains exposure that individual smaller plans could not negotiate alone. This pooling model converts the fixed contributions of dozens of small union locals into a durable, institutional-scale capital base, insulating individual funds from single-project risks.

## Questions

### Is the fund structured as a single employer plan or does it cover multiple employers?

UA Local 322 is a multiemployer plan, also known as a Taft-Hartley plan. Contributions are made by numerous signatory contractors who employ the union's plumbers, pipefitters, and HVAC technicians across Southern New Jersey. A joint board of trustees, with equal representation from labor and management, oversees the plan's governance.

### Does the UA Local 322 Pension Fund have separate health and welfare funds?

Yes. In addition to the defined benefit pension trust, UA Local 322 sponsors a separate health and welfare fund for its active members. These are legally distinct entities with separate assets and governance, though both are tied to the same collective bargaining agreements and hall in Winslow, New Jersey.

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Last updated: 2026-07-09T01:47:06.598Z

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