# Employers' - Warehousemen's Pension Trust Fund

Employers' - Warehousemen's Pension Trust Fund is a Pension Fund based in Los Angeles, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** Los Angeles, CA, United States
- **Founded:** 1959
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The Employers' - Warehousemen's Pension Trust Fund is a multiemployer defined-benefit plan established to serve members of the International Longshore and Warehouse Union (ILWU) Local 26, based in Los Angeles. The plan's board includes union representatives and employer trustees, with ILWU Local 26 President Luisa Gratz serving as chairperson. By 2018, the fund fell into "critical and declining" status under the Multiemployer Pension Reform Act (MPRA), a designation reserved for plans projected to become insolvent within 15 to 20 years, triggering a statutory requirement to cut benefits and submit a rehabilitation plan to the Pension Benefit Guaranty Corporation. The trust's investment strategy spans venture capital, buyouts, co-investments, and secondaries, deployed through both direct and fund-of-funds structures. Stage coverage stretches from seed rounds through late-stage expansion, signaling participation in external GP-led vehicles rather than a dedicated in-house direct investment team. The fund has maintained a small direct real estate footprint, holding the Warehouse Men's Union Building, a commercial property at 5625 S. Figueroa Street in Los Angeles. The plan operates from a union hall-adjacent governance structure, with no disclosed separate investment office or dedicated CIO. Secretary Moises Figueroa and Trustees Hector Aguilar and Gene Hulsey oversee plan administration alongside Gratz. There is no adjacent foundation, co-investment club, or operating company structured alongside the trust, distinguishing it from the endowed university systems and family-office hybrid models that increasingly dominate institutional LP allocations. Its structural differentiator is its regulatory posture: the plan is one of roughly 130 multiemployer pensions in "critical and declining" status nationwide, operating under federal oversight rather than independent investment committee discretion. This compresses its time horizon and limits its ability to make new long-duration commitments, making it a forced seller or reluctant hold in secondaries markets rather than an active allocator competing for new-manager capacity.

## Sectors

- Real Estate

## People

- Luisa Gratz — Chairperson of the Board of Trustees
- Moises Figueroa — Secretary of the Board of Trustees
- Hector Aguilar — Trustee
- Gene Hulsey — Trustee

## Questions

### Who governs investment decisions at the fund?

A joint board of trustees comprising union representatives — including ILWU Local 26 officers Luisa Gratz and Hector Aguilar — and employer-side trustees collectively govern the plan, including investment policy. No internal CIO or external OCIO is publicly named.

### What union does this pension fund serve?

The fund primarily serves members of International Longshore and Warehouse Union Local 26, which represents dockworkers at the ports of Los Angeles and Long Beach. It is a Taft-Hartley multiemployer plan, meaning multiple employers within the collective bargaining unit contribute.

### What triggered the critical and declining designation?

Critical and declining status under MPRA means a plan is projected to become insolvent within 15 to 20 years. For multiemployer plans concentrated in industries like longshoring, the combination of declining contribution bases and market underperformance has pushed many into this tier. The specific drivers for Employers' - Warehousemen's have not been published.

### Has the plan applied for benefit reductions under MPRA?

No public Treasury Department approval for benefit suspensions has been confirmed for this specific plan. Many plans in critical and declining status pursue MPRA applications, but not all.

## Related profiles

- [Employers & Operating Engineers Local 520 Pension Fund](https://altss.com/profile/employers-operating-engineers-local-520-pension-fund)
- [Employment Insurance Fund](https://altss.com/profile/employment-insurance-fund)

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Last updated: 2026-08-11T02:43:31.692Z

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