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AGC-IUOE Local 701 Pension Trust Fund
The plan was formed in 1960 to deliver retirement, disability, and death benefits to members of IUOE Local 701. Employer contributions from construction and...
AGC-IUOE Local 701 Pension Trust Fund
The plan was formed in 1960 to deliver retirement, disability, and death benefits to members of IUOE Local 701. Employer contributions from construction and industrial firms fund the program under a collective bargaining framework involving AGC. Assets are allocated across fixed income, equities, and alternatives. Confirmed holdings include Mesirow Financial Private Equity Fund, McMorgan Infrastructure Fund I, and two Alcentra European credit vehicles. Geographic exposure spans the United States and Europe. The fund uses external managers for private market execution rather than direct deal sourcing. Service providers include Welfare & Pension Administration Service for administration and Mesirow Financial, McMorgan & Company, and Alcentra as investment managers. Contributing employers include Knife River Corporation, Everus Construction Group, and MDU Resources Group. The structure is a multi-employer Taft-Hartley plan governed by joint labor-management trustees. This creates a distinct mandate focused on stable benefit delivery rather than generational wealth transfer or opportunistic returns.
General information
Firm type
Pension Fund
Year founded
1960
Location
Region
North America
Country
United States
City
Mercer Island
Corporate office
7525 SE 24th Street, Suite 200, Mercer Island, WA, United States
Sector focus
Frequently asked questions
Who administers the AGC-IUOE Local 701 Pension Trust Fund?
Welfare & Pension Administration Service, Inc. has served as third-party administrator since the fund's founding in 1960.
Which external managers handle the fund's alternative investments?
Mesirow Financial manages private equity exposure. McMorgan & Company oversees infrastructure. Alcentra manages European credit allocations.
What is the fund's relationship to IUOE Local 701?
IUOE Local 701 is the founding union. The plan provides benefits exclusively to its members under the multi-employer structure.
Does the fund commit to private equity funds or direct deals?
The plan participates as a limited partner in funds. Holdings include Mesirow Financial Private Equity Fund and infrastructure vehicles.
Which employers contribute to the plan?
Contributing employers include Knife River Corporation, Everus Construction Group, and MDU Resources Group.
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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