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Federation Employees' Retirement Income Plan
The Federation Employees' Retirement Income Plan was established in 1900 alongside the Jewish Federation of Metropolitan Chicago. The plan covers employees...
Overview
The Federation Employees' Retirement Income Plan was established in 1900 alongside the Jewish Federation of Metropolitan Chicago. The plan covers employees of the Federation and participating organizations including CJE Senior Life, Jewish Child and Family Services, and Jewish Community Centers of Chicago. The plan allocates 24% to private equity with additional exposure to buyouts, venture, secondaries, and distressed debt. Real estate holdings include 255 Revere Drive LP in Northbrook. Geographic focus centers on the United States with investments held through the JFMC Pooled Endowment Portfolio. Northern Trust serves as custodian and RSM US LLP as auditor. The plan participates in the Jewish Federations of North America network. Governance ties the plan directly to the Federation's Investment Committee and facilities entity JFMC Facilities Corporation.
General information
Firm type
Pension Fund
Year founded
1900
Location
Region
North America
Country
United States
City
Chicago
Corporate office
30 South Wells Street, Chicago, IL 60606, United States
Sector focus
Frequently asked questions
Who sponsors the Federation Employees' Retirement Income Plan?
The Jewish United Fund of Metropolitan Chicago sponsors the plan as the primary employer.
What asset classes receive allocations from the plan?
The plan holds private equity at 24%, long-duration fixed income at 40%, and real estate through joint ventures and limited partnerships.
Which service providers support the plan?
Northern Trust acts as custodian, RSM US LLP as auditor, and Kirkland & Ellis LLP as legal counsel.
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