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United Association of Plumbers & Streamfitters Local 322 Pension Fund
The United Association Local Union No. 322 Pension Plan is a trust and multiemployer defined benefit pension plan. It is associated with UA Local 322, a union...
United Association of Plumbers & Streamfitters Local 322 Pension Fund
The United Association Local Union No. 322 Pension Plan is a trust and multiemployer defined benefit pension plan. It is associated with UA Local 322, a union established in 1912, providing skilled plumbers, pipefitters, and HVAC service technicians to Southern New Jersey counties.
General information
Firm type
Pension Fund
Year founded
1912
Location
Region
North America
Country
United States
City
Winslow Township
Corporate office
Winslow Township, NJ, United States
Frequently asked questions
What is the governance structure of the Local 322 Pension Fund?
The fund is governed by a joint board of trustees split evenly between labor representatives appointed by UA Local 322 and management representatives from signatory mechanical contractors. All investment and benefit decisions require majority approval from both sides, a structure designed to align incentives between the union membership and the employers funding the plan.
Does the fund report its financial position publicly?
Yes. As an ERISA-covered multiemployer plan, the fund files an annual Form 5500 with the Department of Labor. That filing discloses total assets, investment holdings by broad category, contributions received, benefits paid, and actuarial information including the plan's funded percentage and zone status under the Pension Protection Act.
What trades and regions does Local 322 cover?
UA Local 322 represents plumbers, pipefitters, steamfitters, and HVAC service technicians across six Southern New Jersey counties: Atlantic, Camden, Cape May, Cumberland, Gloucester, and Salem. The union's jurisdiction covers both commercial and industrial construction as well as residential service and repair contractors.
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