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Fulton Fish Market Pension Plan
The Fulton Fish Market Pension Plan is a multiemployer defined-benefit pension fund established to provide retirement security for unionized workers of the...
Fulton Fish Market Pension Plan
The Fulton Fish Market Pension Plan is a multiemployer defined-benefit pension fund established to provide retirement security for unionized workers of the historic Fulton Fish Market cooperative, which relocated from lower Manhattan to Hunts Point in the Bronx in 2005. The plan falls under the Taft-Hartley framework, jointly trusteesed by labor and management representatives, and is administered by Daniel H. Cook Associates Inc., a third-party benefits administration firm based in New York. As a Taft-Hartley plan, the fund pools employer contributions negotiated through collective bargaining agreements and invests them across a diversified institutional portfolio to meet future actuarial liabilities. Multiemployer funds of this type typically allocate to a mix of fixed income, public equities, real estate, and alternative investments, though specific asset-class targets and individual manager relationships for this plan are not publicly disclosed. Its investment posture centers on long-duration liability matching rather than opportunistic deployment. The plan is administered by Daniel H. Cook Associates, which functions as the plan's outsourced administrative office, handling benefit calculations, claims processing, and regulatory compliance. The number of active participants, total assets, and funding status are not publicly reported by the plan or its administrator. The plan was referenced as "critical and declining" in a 2018 annual funding notice filing glimpsed in public Department of Labor records, a designation indicating severe funding challenges common among older Taft-Hartley plans facing demographic headwinds from a shrinking active-to-retiree ratio and declining employer contribution bases. Its structural differentiator lies in its extreme industry concentration: a pension fund tied to a single historic market cooperative. While many multiemployer plans cover dispersed national workforces in construction or trucking, this plan's risk is inextricably linked to the commercial health of the seafood terminal operations at Hunts Point, making its funding trajectory unusually dependent on a single physical market's economic throughput.
General information
Firm type
Pension Fund
Year founded
1822
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Frequently asked questions
Who administers the Fulton Fish Market Pension Plan?
Daniel H. Cook Associates Inc., a New York-based benefits administration firm, serves as the third-party administrator for the plan. They process benefit applications, claims, and ongoing distributions for plan participants. Investment management and custody are handled by separate providers not publicly identified by the plan.
What is the financial health of the Fulton Fish Market Pension Plan?
The plan's most recent publicly available annual funding notice, referenced in Department of Labor records from 2018, classified the plan as "critical and declining." This is the most severe category under the Multiemployer Pension Reform Act, signaling that the plan projected insolvency within 20 years absent intervention. Updated status has not been publicly disclosed by the plan or its administrator.
Is this a single-employer plan or a multiemployer plan?
It is a multiemployer Taft-Hartley plan jointly trusteesed by labor and management representatives. Contributions are negotiated through collective bargaining agreements with participating employers at the Fulton Fish Market cooperative, meaning multiple fish wholesalers and related businesses contribute on behalf of their unionized workforces.
Where is the plan's sponsor located now that the Fulton Fish Market moved?
The original Fulton Fish Market operated in lower Manhattan from 1822 until 2005, when it relocated to the Hunts Point Cooperative Market in the Bronx. The pension plan's administrator, Daniel H. Cook Associates, remains based in New York, NY, and the plan continues to cover eligible employees of the market's employer participants at the Hunts Point facility.
Can an outside investor or allocator access the Fulton Fish Market Pension Plan?
No. As a Taft-Hartley multiemployer pension plan, it is a closed trust fund that only accepts contributions from participating employers under the terms of their collective bargaining agreements. It does not accept outside capital, co-invest alongside external allocators, or operate as an investment manager for third parties.
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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