Electrical Workers Local No. 292 Pension Plan

Electrical Workers Local No. 292 Pension Plan

The Electrical Workers Local No. 292 Pension Plan operates out of Brooklyn Park, Minnesota, jointly governed by union and employer trustees. David Manderson of the Minneapolis chapter of the National Electrical Contractors Association chairs the board. Secretary Fred Jahnke represents Premier Electric. The plan pools collectively bargained contributions to deliver retirement, death, and disability benefits. Real estate forms the core of its direct investing footprint. The plan holds the Dublin Corporate Center, a commercial asset in Dublin, California, and participates in the Multi-Employer Property Trust, a national mixed-use real estate vehicle. It also carries an interest in ULLICO's J for Jobs program, a union-backed initiative that channels pension capital into job-creating infrastructure and private-equity investments. These positions confirm a geographic tilt toward domestic U.S. assets. The fund operates without a publicly disclosed AUM or dedicated internal investment team. Instead, trustees oversee asset allocation and manager selection with support from industry bodies. Both the International Foundation of Employee Benefit Plans and the National Coordinating Committee for Multiemployer Plans advise the board on fiduciary and legislative matters. No recent operational restructuring has been announced. Its architecture as a Taft-Hartley plan is the defining structural feature. Board representation is evenly split between the IBEW local and contributing contractors under NECA. This joint trusteeship shapes every investment decision, since capital flows from employer contributions negotiated through collective bargaining rather than from a single sponsoring corporation or individual family's wealth.