# Construction Workers Pension Trust Fund - Lake County & Vicinity

Construction Workers Pension Trust Fund - Lake County & Vicinity is a Pension Fund based in Merrillville, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Merrillville, United States
- **Region:** North America
- **Address:** Merrillville, IN, United States
- **Assets under management:** $100M–$500M (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The Construction Workers Pension Trust Fund serves as the defined-benefit retirement vehicle for members of Laborers' International Union of North America (LIUNA) Locals 41 and 81 in northwest Indiana. Jointly trusteed by union and contributing-employer representatives — including the Northwest Indiana Contractors Association — the fund collects negotiated hourly contributions from signatory construction firms and converts them into a pooled retirement promise. This Taft-Hartley architecture spreads longevity and investment risk across a multiemployer base, insulating individual contractors from single-employer pension volatility. David Deprizio serves as Plan Administrator, with William Roach acting as Plan Sponsor, overseeing the fund's compliance and operational administration (per the U.S. Department of Labor Form 5500 filings). The fund deploys assets predominantly through real estate and infrastructure vehicles that mandate or incentivize union construction labor, aligning capital allocation with the employment interests of its participants. Confirmed holdings include 4140, 4160 Dublin Boulevard in Dublin, California —, a position in the AFL-CIO Building Investment Trust (BIT) and a union-sponsored real estate fund that finances commercial construction projects across the United States. The fund operates in close coordination with the Construction Workers of Lake County HRA Trust Fund, a related health reimbursement account vehicle that provides complementary retiree medical benefits. A Form 5500 estimate places the fund's assets in the $100 million to $500 million range, a scale consistent with a regional multiemployer plan serving roughly two thousand active and retired participants. No dedicated investment team headcount is publicly disclosed; investment oversight is typically exercised through a board of trustees composed equally of union and employer representatives, with day-to-day management outsourced to various investment consultants and fund managers. The fund's structural character is defined by its ERISA-governed Taft-Hartley trust status, which requires equal union and management representation on the board of trustees — a governance design that makes investment decisions inherently consensual and politically negotiated rather than centralized under a single CIO. This dual-trustee model, coupled with the union-labor mandate embedded in its real estate strategy, differentiates the fund from public pension plans and corporate defined-benefit schemes, linking portfolio construction directly to the collective-bargaining agreements that fund it.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## People

- David Deprizio — Plan Administrator
- William Roach — Plan Sponsor

## 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).

### Does the fund invest in pooled vehicles or only direct deals?

Both.

### 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).

## Related profiles

- [Construction Workers Pension Trust Fund - Lake County and Vicinity Pension Plan](https://altss.com/profile/construction-workers-pension-trust-fund-lake-county-and-vicinity-pension-plan)
- [Consumer Health Foundation](https://altss.com/profile/consumer-health-foundation)

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

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