Washington State Plumbing and Pipefitting Industry Pension Plan

Washington State Plumbing and Pipefitting Industry Pension Plan

The Washington State Plumbing and Pipefitting Industry Pension Plan operates as a multiemployer defined-benefit plan under the Taft-Hartley Act, governed by a Board of Trustees split evenly between labor representatives from UA Locals 32 and 598 and management representatives from the Mechanical Contractors Association of Western Washington (MCAWW). The plan provides retirement security to participants whose employers contribute pursuant to collective bargaining agreements across the plumbing and pipefitting industry in Washington state. The fund's investment strategy reflects a conventional institutional pension allocation, though granular portfolio composition is not publicly disclosed. L.C., a Seattle-based property entity. No public equity, fixed-income, or alternative asset mandates are documented. Ed Kommers serves as Secretary of the Board, representing the MCAWW employer trustees, while Jeffery J. Owen leads the labor trustees in his capacity as Chairman and Business Manager of UA Local 32. The fund's administrative footprint is managed through the MCAWW office in Seattle — the domain mcaww.net serves as the plan's public-facing portal — consistent with the lean staffing model typical of building-trades pension plans where operational services are bundled through the participating contractor association. No separate investment office or dedicated CIO role is disclosed. As a jointly trusteed Taft-Hartley plan, the pension fund operates under a fiduciary structure distinct from single-employer corporate pensions. Board composition is mandated by the Labor Management Relations Act, requiring equal representation of labor and management trustees who are personally liable for investment decisions. This governance architecture, combined with the plan's relationship to two distinct UA locals covering different geographic and trade jurisdictions within Washington, creates a structural discipline around asset allocation and manager selection that reflects the negotiated interests of both the contributing employers and the union membership receiving benefits.