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Electrical Workers Local No. 26 Pension Fund
Established in 1961 through collective bargaining between IBEW Local 26 and the Washington, D.C. chapter of the National Electrical Contractors Association,...
Electrical Workers Local No. 26 Pension Fund
Established in 1961 through collective bargaining between IBEW Local 26 and the Washington, D.C. chapter of the National Electrical Contractors Association, the plan provides retirement, disability, and death benefits for union electricians. Major contributing employers include Everus Construction Group, formerly part of MDU Resources, which anchors the employer base alongside other electrical contractors operating in the D.C., Maryland, and Virginia region. The pension fund allocates across public equities and fixed income as core building blocks, while its private-markets exposure spans buyout, growth, venture, distressed debt, mezzanine, and secondaries strategies — executed primarily through fund commitments and co-investment vehicles. Real estate forms a distinct sleeve: the fund owns its administrative headquarters at 4371 Parliament Place in Lanham, Maryland, a commercial property held directly on the plan's balance sheet. Partnership affiliations with the International Foundation of Employee Benefit Plans and the National Coordinating Committee for Multiemployer Plans shape the fund's trustee education and regulatory monitoring posture. Joe Dabbs, Business Manager of IBEW Local 26, sits as a union trustee alongside Andrew Porter, who represents the NECA management side. This equal union-management trustee structure is standard for Taft-Hartley multiemployer plans and defines the governance cadence — investment policy, manager selection, and actuarial assumptions flow through the joint board. The fund's actual investment-committee composition and any retained investment consultant are not publicly detailed. The plan's structural differentiator is embedded in its multiemployer design: participating employers contribute at collectively bargained hourly rates into a pooled trust, removing individual company balance-sheet risk from the retirement equation. In the event of employer withdrawal, federal pension law imposes statutory withdrawal liability, creating a backstop not present in single-employer plans or 401(k) structures. That architecture makes the fund a stable, patient LP — exactly the profile sought by GPs targeting long-duration institutional commitments.
General information
Firm type
Pension Fund
Year founded
1961
Location
Region
North America
Country
United States
City
Lanham
Corporate office
Lanham, MD, United States
Principals
Joe Dabbs
Business Manager of IBEW Local 26 and Trustee
Andrew Porter
Management Trustee representing NECA
Sector focus
Frequently asked questions
Who runs investment decisions at the Electrical Workers Local No. 26 Pension Fund?
The fund is governed by a joint board of trustees — half appointed by IBEW Local 26, half by the Washington, D.C. chapter of NECA. Joe Dabbs (union side) and Andrew Porter (management side) serve as trustees. The board sets investment policy and hires external managers; day-to-day investment-committee membership and the identity of any retained investment consultant are not publicly disclosed.
How large is the pension fund's asset base?
The fund does not publish an annual report or AUM figure publicly. Altss estimates total plan assets are roughly $900 million based on Department of Labor Form 5500 filings and multiemployer plan benchmarking. This places it in the mid-sized tier among U.S. multiemployer pension plans.
What is the fund's approach to private-market investing?
Strategy tags from public records show allocations spanning buyout, growth equity, venture capital, distressed debt, mezzanine, secondaries, and special situations. The fund operates predominantly through a fund-of-funds and co-investment model, making commitments to external GPs rather than executing direct control deals. Core public-market sleeves include U.S. equities and investment-grade fixed income.
Does the fund hold any assets outside of traditional securities?
The plan directly owns its 4371 Parliament Place headquarters building in Lanham, Maryland. This commercial property adds a hard-asset component to the portfolio separate from externally managed real estate fund commitments.
What employer relationships sustain the pension pool?
Everus Construction Group, the former MDU Resources construction subsidiary, is a major contributing employer under the collective bargaining agreement between IBEW Local 26 and NECA's D.C. chapter. Dozens of smaller union electrical contractors in the D.C., Maryland, and Virginia region also remit contributions at contractually negotiated hourly rates.
Is the fund well-funded relative to its benefit obligations?
The plan's funded status — the ratio of assets to accrued liabilities — is not publicly disclosed in real time. As a multiemployer plan, its funding health depends on contribution rates, investment returns, and demographic trends among covered electricians. Any Pension Benefit Guaranty Corporation notices regarding endangered or critical status would appear in federal filings, but none have been flagged in recent public record.
Does the fund participate in any industry networks that might signal investment priorities?
The fund maintains memberships in the International Foundation of Employee Benefit Plans and the National Coordinating Committee for Multiemployer Plans. Both organizations provide trustee education, legislative advocacy, and peer benchmarking — standard affiliations for a Taft-Hartley plan of this size.
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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