Ducks Unlimited Pension Plan

The plan's investment decisions are overseen by the fiduciary committee or board of Ducks Unlimited Inc., the plan sponsor. Ducks Unlimited CEO Adam Putnam is the organization's top executive, but the specific investment committee members are not publicly disclosed. Like most corporate pension plans of its size, the plan likely delegates day-to-day asset management to external investment consultants and fund managers.

They are separate legal entities under the Ducks Unlimited umbrella. The pension plan is an ERISA-governed retirement trust for employees. Wetlands America Trust is an accredited land trust that holds conservation easements and philanthropic gifts. Board overlap exists — Steve Maritz chairs Wetlands America Trust and is a Ducks Unlimited director — but the assets are not commingled and serve distinct purposes.

There is no public evidence that the Ducks Unlimited Pension Plan directly invests in wetlands, conservation land, or related real assets. As an ERISA plan, it must prioritize risk-adjusted returns and diversification to meet future benefit obligations. Any thematic overlap with the sponsor's environmental mission would be coincidental rather than programmatic.

The plan does not publicly disclose its assets under management, and Ducks Unlimited's consolidated financial statements do not break out pension plan size separately. As a single-employer defined-benefit plan for a midsize nonprofit workforce, it is likely modest by institutional standards, with assets concentrated in traditional fixed-income and equity strategies.

No. The Ducks Unlimited Pension Plan is a single-employer defined-benefit plan, not a pooled investment vehicle. It is solely for the benefit of eligible Ducks Unlimited employees and does not accept capital from outside investors, family offices, or other institutions.