Updated:
Electrical Workers, IBEW, Local #313
Electrical Workers, IBEW, Local #313 is a Taft-Hartley multiemployer pension fund based in New Castle, Delaware. Business Manager James Murrian and Trustee...
Electrical Workers, IBEW, Local #313
Electrical Workers, IBEW, Local #313 is a Taft-Hartley multiemployer pension fund based in New Castle, Delaware. Business Manager James Murrian and Trustee Chair Daniel J. Hahn, Sr. jointly administer the fund alongside signatory contractors from the National Electrical Contractors Association (NECA). The wealth originates from collectively bargained contributions — hourly employers pay into the fund per union electrician, a structure governed by ERISA since the 1970s. The fund deploys capital primarily through buyout strategies, committing to private equity managers that pursue control-oriented investments. Asset-class coverage extends across private equity buyouts, real estate, and private credit, with additional exposure to infrastructure investments tied to the electrical contracting industry. Direct co-investments may feature alongside fund commitments, a common practice for Taft-Hartley plans seeking to reduce fee drag. Related benefit funds — the IBEW Health & Welfare Trust Fund and Joint Apprenticeship Training Committee (JATC) assets — operate as adjacent pools in Pittsburgh and New Castle. The union hall and training center at 814 W Basin Road anchors the physical presence, supplemented by a downstate meeting location in Bridgeville. The fund participates in industry associations including the Delaware Building and Construction Trades Council and NECA's Penn-Del-Jersey Chapter. A recent operational baseline remains consistent with long-term multiemployer plan administration — no structural shift has been publicly reported in the last 24 months. The fund's structural differentiator is its Taft-Hartley governance model — joint trusteeship by union and management representatives creates a built-in checks-and-balances framework absent from corporate pension plans. The IBEW Local 313-NECA Labor Management Cooperation Committee adds a formal collaboration layer that extends beyond investment oversight into apprentice training and workforce development, making the asset pool function as both a retirement vehicle and an economic stabilizer for Delaware's electrical trade infrastructure.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New Castle
Corporate office
814 W Basin Rd, New Castle, DE 19720
Additional offices
14402 Sussex Hwy, Bridgeville, DE 19933
Principals
James Murrian
Business Manager
Daniel J. Hahn, Sr.
Trustee and Chair of Local 313 funds
Sector focus
Frequently asked questions
Who runs investment decisions at IBEW Local 313?
Investment decisions are overseen by a board of trustees jointly appointed by IBEW Local 313 and the National Electrical Contractors Association, as required under Taft-Hartley rules. Daniel J. Hahn, Sr. serves as Trustee and Chair of the Local 313 funds, while James Murrian holds the role of Business Manager. Both operate under ERISA fiduciary standards governing multiemployer pension assets.
How is IBEW Local 313 structured relative to the national union?
Local 313 is an autonomous local chapter of the International Brotherhood of Electrical Workers, chartered to represent electricians in Delaware. Its pension, health and welfare, and training funds are separate legal entities jointly trusteed with employer associations, not administered by the national IBEW. The local union hall and JATC facilities in New Castle operate independently from the international's Washington, D.C. headquarters.
Does IBEW Local 313 commit to fund managers or invest directly?
The pension fund allocates primarily through fund commitments to buyout-focused private equity managers, consistent with the strategy listed across its benefit plans. Direct co-investment activity is common among Taft-Hartley plans of this structure and may supplement fund commitments, though specific deals are not publicly disclosed. Real estate holdings include union property assets, which are typically owned outright rather than held through intermediaries.
What is the relationship between IBEW Local 313 and NECA?
The National Electrical Contractors Association is the employer bargaining partner that co-sponsors Local 313's pension, health and welfare, and apprenticeship funds under Taft-Hartley joint trusteeship. NECA's Penn-Del-Jersey Chapter provides regional coordination for Delaware contractors who contribute to the fund on a per-hour-worked basis. The Labor Management Cooperation Committee formalizes ongoing collaboration beyond contract negotiations.
Where does IBEW Local 313's pension capital come from?
Contributions flow from signatory electrical contractors in Delaware who make hourly contributions to the pension fund on behalf of each IBEW electrician they employ, as negotiated in collective bargaining agreements. This is the standard Taft-Hartley multiemployer model — employers pay into a jointly administered trust rather than maintaining individual company pension plans. Contribution rates are set by contract and the fund is governed under ERISA.
Does IBEW Local 313 maintain philanthropic structures separate from the pension fund?
Yes, the IBEW Local 313-NECA Labor Management Cooperation Committee operates as a separate entity focused on industry promotion and workforce development. The fund's charitable activity includes regular support for Special Olympics Delaware, a relationship maintained at the community partnership level rather than through the pension vehicle itself. The Joint Apprenticeship Training Committee (JATC) runs training programs independently from pension assets.
What role does the AFL-CIO play in Local 313's fund governance?
The AFL-CIO serves as the affiliated national labor federation with which IBEW Local 313 is chartered, but it does not directly govern or manage Taft-Hartley pension fund assets. Governance authority rests exclusively with the joint board of trustees appointed by IBEW Local 313 and NECA. The AFL-CIO relationship is a charter affiliation, not a fiduciary or investment oversight role.
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.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: