# Fox Valley & Vicinity Laborers' Pension Fund Fox Valley & Vicinity Laborers' Pension Fund is a Pension Fund based in Elgin, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Elgin, United States - **Region:** North America - **Address:** 2371 Bowes Road, Suite 500, Elgin, IL 60123, United States - **Assets under management:** Undisclosed - **LinkedIn:** https://linkedin.com/company/fox-valley-laborers ## Regulatory record - **Reports private funds:** No ## About Fox Valley & Vicinity Laborers' Pension Fund serves as the retirement security vehicle for members of LIUNA Locals 582 and 1035, drawing its contributions from signatory contractors under agreements with the Fox Valley General Contractors Association and the Illinois Road Builders Association. The fund operates from a modest office at 2371 Bowes Road in Elgin, Illinois, where a board of trustees — including Mark Castelvecchi, Mike Shales, John P. Bryan, Al Orosz, and Dan Brejc — oversees both the pension assets and a building corporation that holds the physical office property. The investment strategy is concentrated and economically targeted: a heavy allocation to private equity buyout funds, specifically those with an explicit mandate to generate union-construction employment alongside financial returns. Strategic commitments identified include the AFL-CIO Building Investment Trust, a real estate vehicle that channels pension capital into commercial development projects staffed by union labor. This dual-purpose deployment model — retirement returns plus job creation for contributing members — defines the fund's investment posture, which favors tangible asset classes such as real estate and infrastructure over liquid public equities. The fund's scale remains opaque — no recent actuarial reports or public filings disclose total assets under management. Governance follows standard multiemployer ERISA structure, with equal representation from union and employer trustees. The fund's physical footprint is limited to its Elgin headquarters, consistent with a plan whose beneficiaries are concentrated in the Chicago-area collar counties along the Fox River. The AFL-CIO affiliation places the fund within a broader ecosystem of labor-managed pension capital, but its investment decisions remain local in governance and impact. What structurally differentiates this fund from public pension behemoths is its employer-contribution linkage and its economic-targeting mandate. Unlike a state retirement system investing purely for risk-adjusted return, the Fox Valley plan evaluates commitments through a lens of regional construction employment: a dollar invested in a union-built commercial project in Illinois simultaneously funds retiree benefits and underwrites the next member's job. This creates a closed-loop capital model uncommon outside the Taft-Hartley multiemployer framework. ## Sectors - Real Estate - Infrastructure - Private Equity ## People - Mark Castelvecchi — President of the Building Corporation and Trustee - Mike Shales — Trustee - John P. Bryan — Trustee - Al Orosz — Trustee - Dan Brejc — Trustee ## Questions ### What unions sponsor the Fox Valley & Vicinity Laborers' Pension Fund? The fund is sponsored by two local affiliates of the Laborers' International Union of North America (LIUNA): Local 582 and Local 1035. Both locals represent construction laborers working in the Fox Valley region west of Chicago. The pension plan covers members whose employers contribute under collective bargaining agreements negotiated through the Fox Valley General Contractors Association and the Illinois Road Builders Association. ### Who makes investment decisions for the fund? A joint board of trustees governs the fund, with equal representation from union and employer interests per Taft-Hartley ERISA requirements. Named trustees include Mark Castelvecchi, Mike Shales, John P. Bryan, Al Orosz, and Dan Brejc. These individuals are drawn from both the sponsoring unions and the contributing employer associations. ### What is the fund's approach to real estate investing? The Fox Valley fund channels capital into real estate primarily through union-focused investment vehicles. A known commitment is to the AFL-CIO Building Investment Trust, which acquires and develops commercial properties using 100 percent union labor. The fund also holds a direct commercial property interests through its associated Building Corporation, creating an aligned investment structure where property returns and construction wages reinforce one another. ### What role does the AFL-CIO affiliation play in the fund's investment strategy? The AFL-CIO affiliation connects the Fox Valley fund to a national network of labor-oriented institutional investors, providing access to pooled vehicles like the AFL-CIO Building Investment Trust and AFL-CIO Housing Investment Trust. These vehicles aggregate Taft-Hartley pension capital from across the country to fund large-scale commercial and residential projects that carry prevailing wage and union staffing requirements, aligning the fund's fiduciary mandate with organized labor's broader economic goals. ### Is the Fox Valley fund structured as a single-employer or multiemployer plan? It is firmly a multiemployer Taft-Hartley defined-benefit plan. Multiple signatory construction employers contribute on behalf of workers represented by LIUNA Locals 582 and 1035. This structure insulates individual companies from pension insolvency risk at any single firm and pools administrative costs across the regional construction industry. ### How is the fund's governance structured? Governance follows the standard Taft-Hartley trust model under ERISA. A board of trustees — half appointed by the union locals, half by the contributing employer associations — exercises exclusive authority over contribution rates, benefit levels, actuarial assumptions, and investment policy. This joint-governance structure is legally required for multiemployer plans and creates a forum where labor and management negotiate pension strategy alongside contract terms. ## Related profiles - [Fox Valley & Vicinity Construction Workers Pension Fund](https://altss.com/profile/fox-valley-vicinity-construction-workers-pension-fund) - [Foxconn Technology Group](https://altss.com/profile/foxconn-technology-group) --- Last updated: 2026-07-06T00:33:39.391Z Canonical page: https://altss.com/profile/fox-valley-vicinity-laborers-pension-fund Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology