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Construction Workers Pension Trust Fund - Lake County & Vicinity
Construction Workers Pension Trust Fund - Lake County & Vicinity is a defined-benefit pension plan established to provide retirement income for...
Construction Workers Pension Trust Fund - Lake County & Vicinity
Construction Workers Pension Trust Fund - Lake County & Vicinity is a defined-benefit pension plan established to provide retirement income for construction workers in the Lake County, Indiana region. The fund is sponsored by William Roach and administered by David Deprizio, with contributions flowing from employers affiliated with the Northwest Indiana Contractors Association and union members of LIUNA Local 41 and Local 81. The fund allocates capital primarily toward real estate and pooled investment funds to generate returns that support its pension liabilities. Known holdings include the Dublin Corporate Center in Dublin, California — a commercial property comprising three office buildings at 4120, 4140, and 4160 Dublin Boulevard. The fund also participates in the AFL-CIO Building Investment Trust (BIT), a pooled real estate vehicle that invests in union-built properties across the United States. Investment strategy emphasizes income-producing assets and long-term capital preservation. Total assets under management are not publicly disclosed; an Altss estimate places the fund between $100 million and $1 billion. The fund employs a small administrative team, with David Deprizio serving as Plan Administrator. No additional offices beyond Merrillville have been identified. The fund maintains a close operating relationship with the Construction Workers of Lake County HRA Trust Fund, a related health reimbursement account vehicle. A structural differentiator is the fund's direct link between investment strategy and union labor — the Dublin Corporate Center properties and AFL-CIO BIT investments both prioritize union-built construction, aligning asset ownership with the fund's beneficiary base. This creates a circular economic model where pension capital finances the same union labor that generates contributions to the fund.
General information
Firm type
Pension Fund
Year founded
—
AUM
$100M - $1B (Altss estimate)
Location
Region
North America
Country
United States
City
Merrillville
Corporate office
Merrillville, IN, United States
Principals
David Deprizio
Plan Administrator
William Roach
Plan Sponsor
Sector focus
Frequently asked questions
Who runs investment decisions at Construction Workers Pension Trust Fund?
David Deprizio serves as Plan Administrator, overseeing day-to-day operations and investment allocations. William Roach is the Plan Sponsor, representing the employer side. The fund's investment decisions are guided by fiduciary duties to union beneficiaries (per Altss research).
How does the fund source investment opportunities?
The fund allocates capital through established real estate vehicles like the AFL-CIO Building Investment Trust, which focuses on union-built commercial properties. Direct real estate holdings, like Dublin Corporate Center, are acquired through traditional commercial real estate channels (per public record).
Is this fund a single-family office or a multi-family office?
It is neither — it is a Taft-Hartley defined-benefit pension fund established under collective bargaining agreements between construction employers and LIUNA Local 41 and Local 81. It operates under ERISA fiduciary standards, not as a family office (per fund's classification).
What are the fund's primary asset classes?
The fund invests in commercial real estate directly, as seen with Dublin Corporate Center in Dublin, California, and via pooled vehicles such as the AFL-CIO Building Investment Trust. Additional allocations may include infrastructure and private credit, though specific holdings are not all publicly listed (per public record).
Does the fund invest in pooled vehicles or only direct deals?
Both. It holds direct real estate properties, including the three office buildings of Dublin Corporate Center, and participates in the AFL-CIO Building Investment Trust, a pooled real estate investment vehicle that aggregates capital from multiple union pension funds (per public record).
Where do the fund's contributions come from?
Contributions flow from construction employers in Lake County, Indiana, and surrounding areas, as represented by the Northwest Indiana Contractors Association. Worker contributions from members of LIUNA Local 41 and Local 81 also fund the plan (per fund's name and public reporting).
How is the fund related to other Lake County trust funds?
The fund shares a governance relationship with the Construction Workers of Lake County HRA Trust Fund, a separate health reimbursement account trust that provides medical benefits for the same worker base. The two trusts may share administrative staff and fiduciary oversight (per Altss research).
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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