# American Textile Maintenance Company Employees Cash Balance Pension Plan

American Textile Maintenance Company Employees Cash Balance Pension Plan is a Pension Fund based in Los Angeles, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** Los Angeles, CA, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

American Textile Maintenance Company operates a commercial laundry business serving the Los Angeles region. The Shames family, with Gregory Shames representing the fourth generation, controls the company and its affiliated assets. The firm's employee cash balance pension plan is a defined benefit structure recognized by the Alabama Department of Revenue — an unusual domicile detail for a plan attached to a California operating business. The pension's deployment strategy is singular: it is overwhelmingly concentrated in hard assets tied to the operating company's own footprint. Holdings include the company headquarters at 1667 W Washington Blvd, two industrial properties in Long Beach, an industrial facility in South Gate, and a commercial property in Santa Barbara. The plan also holds an interest in Central Basin water rights, a scarce and politically charged asset class in Southern California. This is not a fund-of-funds or a diversified institutional portfolio — it is a captive balance sheet wrapped around a family-owned operating business. Gregory Shames participates in the Family Office Exchange network. Bruce Moskowitz administers the retirement plans. The Shames Family Foundation provides the philanthropic channel, with Julie Shames active in its leadership. The plan's architecture mirrors the classic closely held business pension: the sponsor is the sole source of contributions, and the assets are interwoven with the family's broader real-estate and operating-company balance sheet. This creates a double identity — retirement vehicle and de facto family real-estate holding company — where fiduciary duty and family control operate in permanent tension.

## People

- Bradley J. Shames — President and CEO, American Textile Maintenance Company
- Gregory Shames — Director, American Textile Maintenance Company
- Bruce Moskowitz — Plan Administrator

## Questions

### How are the pension assets invested?

The portfolio is overwhelmingly concentrated in real estate and hard assets tied to the operating company, including industrial laundry facilities across Los Angeles County and a commercial property in Santa Barbara. The plan also holds an interest in Central Basin water rights, a niche and geographically specific asset class unique to Southern California.

### What is the relationship between the pension plan and the Shames family?

The pension plan is a benefit structure for employees of a company controlled by the Shames family for four generations. Because the plan's assets include properties that double as the company's operational facilities, the family's control over the operating business and the retirement plan's investment portfolio are structurally inseparable.

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Last updated: 2026-08-11T02:43:31.692Z

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