Automobile Mechanics' Local No. 701 Union Pension Fund

Automobile Mechanics' Local No. 701 Union Pension Fund

The Automobile Mechanics' Local No. 701 Union Pension Fund was established to serve mechanics affiliated with the International Association of Machinists and Aerospace Workers. Sam Cicinelli leads the Board of Trustees that includes both labor and management representatives. Jenny Earth-Gillund handles day-to-day administration of the pension and welfare plans. The fund maintains equity and debt real estate portfolios alongside its core fixed-income and benefit obligations. It has acted as a creditor in the Yellow Corporation and Hertz bankruptcies and participated in Tribune Company fraudulent conveyance litigation. Geographic focus remains Illinois, centered on the Burr Ridge headquarters and related facilities in Carol Stream and Aurora. The fund operates the Mechanics Local 701 Training Facility and Education Offices. It maintains ties to the Midwest Association of Retired Benefit Administrators through employer trustee Aaron Janik. No public data exists on assets under management or investment professionals. Governance rests with the joint Board of Trustees rather than a single family or corporate sponsor. This multi-employer structure separates investment policy from any one employer's balance sheet.