Construction Industry & Laborers Joint Pension Plan for South Nevada, Plan A

Construction Industry & Laborers Joint Pension Plan for South Nevada, Plan A

The Construction Industry & Laborers Joint Pension Plan for South Nevada, Plan A, operates out of Las Vegas as the retirement vehicle for members of LIUNA Local 872. Overseen by Business Manager and Chairman Tommy White since at least 2003, the plan is a classic Taft-Hartley multiemployer fund — jointly trusteed by union and contributing employer representatives — serving a defined group of construction laborers across the Southern Nevada building trades. The fund’s investment strategy exhibits a stark focus. It has deployed capital exclusively into real estate, specifically within the buyout segment. This represents an unusually concentrated posture for a union pension plan, which more commonly allocates across public equities, fixed income, and diversified real assets to manage liquidity demands. By operating solely within private real estate buyouts, the plan assumes a distinctly illiquid, return-seeking profile for its long-duration liability pool. Known holdings are locally concentrated and include the Wynn Las Vegas integrated resort asset and the Allure Las Vegas residential tower. The plan is affiliated with the Laborers International Union of North America (LIUNA) through its relationship with Local 872 in Las Vegas. Details on total plan assets, participant count, or funded status are not publicly available in a single aggregated source. The fund’s structural decision to not operate a website or maintain a LinkedIn presence aligns with many small to mid-sized Taft-Hartley plans that limit their public disclosure profile to annual Form 5500 regulatory filings with the Department of Labor. Its structural differentiator lies in its concentrated governance and investment framework. As a Taft-Hartley fund with a single-union local as its primary sponsorship base and a long-standing chairman directing strategy, the plan operates without the layers of investment consultants, emerging manager programs, or diversified consultant gatekeepers typical of large public systems. This architecture concentrates both decision-making and outcome accountability in a local trust structure, focused on a single asset class within a single geography — a configuration that carries both concentration reward and risk not found in broader institutional pools.