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Chicago Area IB of T Health and Welfare Plan
The Chicago Area IB of T Health and Welfare Plan was established in 1959 as a multi-employer pension vehicle tied to Chicago-area Teamsters locals. Thomas W.
Chicago Area IB of T Health and Welfare Plan
The Chicago Area IB of T Health and Welfare Plan was established in 1959 as a multi-employer pension vehicle tied to Chicago-area Teamsters locals. Thomas W. Stiede serves as Plan Manager while Howard C. Murdoch chairs the Board of Trustees. The structure reflects standard Taft-Hartley governance with union and employer trustees. Asset allocation includes 12.39 percent to private equity, approximately 14.6 to 17.5 percent to real estate equity, and 22 percent to investment-grade debt. Public equity holdings represent 49.4 percent of assets. The plan also maintains smaller allocations to high-yield debt and REITs. Geographic focus remains the United States. Service providers include National Investment Services as investment advisor since 2017 and Wells Fargo Bank as custodian since 2015. The plan belongs to the International Brotherhood of Teamsters and the International Foundation of Employee Benefit Plans. No material operational events have been recorded in the last 24 months. Governance follows multi-employer fiduciary standards with separate legal counsel and auditor appointments renewed in 2019.
General information
Firm type
Pension Fund
Year founded
1959
Location
Region
North America
Country
United States
City
Downers Grove
Corporate office
1333 Butterfield Road Suite 110, Downers Grove, IL 60515, United States
Principals
Thomas W. Stiede
Plan Manager and Executive Officer
Howard C. Murdoch
Chairman of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Chicago Area IB of T Health and Welfare Plan?
Thomas W. Stiede serves as Plan Manager and Executive Officer. Howard C. Murdoch chairs the Board of Trustees. External advisors National Investment Services and Chicago Equity Partners support day-to-day management.
Does Chicago Area IB of T Health and Welfare Plan participate in fund commitments or only direct deals?
The plan holds private equity exposure through limited partner commitments and maintains direct real estate equity positions. Public equity and debt holdings are managed separately.
What asset classes does Chicago Area IB of T Health and Welfare Plan allocate to?
Allocations include public equities at 49.4 percent, investment-grade debt at 22 percent, real estate equity between 14.6 and 17.5 percent, and private equity at 12.39 percent.
Where does the underlying wealth come from for Chicago Area IB of T Health and Welfare Plan?
The plan is funded through employer and employee contributions under collective bargaining agreements with Produce Drivers and Florists Union Local 703 and Market Service Association.
How is Chicago Area IB of T Health and Welfare Plan related to the International Brotherhood of Teamsters?
The plan operates as a Taft-Hartley multi-employer trust affiliated with the International Brotherhood of Teamsters and its Local 703.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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