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Glaziers Local Union No. 558 Pension Fund
The Glaziers Local Union No. 558 Pension Fund was established on June 1, 1969, by an Agreement and Declaration of Trust. It is a Taft-Hartley multi-employer...
Glaziers Local Union No. 558 Pension Fund
The Glaziers Local Union No. 558 Pension Fund was established on June 1, 1969, by an Agreement and Declaration of Trust. It is a Taft-Hartley multi-employer plan that serves glaziers, architectural metal workers, and glass workers represented by Local 558. The fund operates under the fringe-benefit umbrella of IUPAT District Council 3, with employer-side trustees drawn from signatory contractors associated with The Builders' Association. The portfolio reflects a classic union-pension allocation model that blends income-generating real assets with growth-oriented private markets. Directly held commercial real estate appears through the Mercer US Core Real Estate Portfolio. The plan also commits to private equity via the Partners Group Private Equity DC Collective Investment Trust, a vehicle designed for defined-contribution and defined-benefit plans seeking diversified buyout, growth, and secondary exposure. These commitments sit alongside a broader fixed-income and equity sleeve that supports monthly benefit checks to retired glaziers across Western Missouri and Kansas. Administrative functions run out of the IUPAT District Council 3 union hall in Kansas City, where the fund shares infrastructure with the union’s training, membership, and political-action operations. No dedicated investment staff or separate office is publicly disclosed; the board of trustees, which by law includes equal union and employer representation, oversees allocation decisions. No specific AUM figure is published, consistent with the reporting posture of many private Taft-Hartley plans. What distinguishes the fund structurally is its embeddedness within a single local union’s collective-bargaining apparatus. Unlike statewide or national pension pools, Local 558’s plan covers a narrow craft jurisdiction — roughly 12 counties in Western Missouri and Eastern Kansas. This concentration means the fund’s health is directly tied to construction cycles in the Kansas City metro. The trustees’ dual role as fiduciaries and labor-management negotiators adds a governance layer not found in corporate or public pension plans.
General information
Firm type
Pension Fund
Year founded
1969
Location
Region
North America
Country
United States
City
Kansas City
Corporate office
Kansas City, MO, United States
Sector focus
Frequently asked questions
Who governs the Glaziers Local Union No. 558 Pension Fund?
The fund is overseen by a board of trustees, structured with equal representation from the union — IUPAT District Council 3 and Local 558 — and signatory employers, including members of The Builders' Association. This joint labor-management governance is standard for Taft-Hartley multi-employer plans.
How is this pension fund different from a typical corporate or state pension plan?
The fund is a multi-employer Taft-Hartley plan, meaning contributions come from many small- and mid-sized glazing contractors under a single collective-bargaining agreement. Trustees are selected by both the union and the employers, and the plan covers a narrowly defined geographic jurisdiction in Western Missouri and Eastern Kansas.
What asset classes does the fund invest in?
The fund holds direct real estate exposure through the Mercer US Core Real Estate Portfolio and commits to private equity via the Partners Group Private Equity DC Collective Investment Trust. Like most mature union pension plans, the remainder of the portfolio is allocated across public equities and fixed income to manage liquidity for ongoing benefit payments.
Where does the fund's capital come from?
Capital originates from hourly employer contributions negotiated in collective-bargaining agreements between IUPAT Local 558 and signatory glazing contractors in the Kansas City area. The Builders' Association is a key employer group participating in the trust agreement.
Does the fund have a dedicated investment team?
No dedicated investment staff is disclosed publicly. Administrative functions are based at the IUPAT District Council 3 office in Kansas City, and the board of trustees makes allocation decisions, typically with the support of investment consultants or the fund managers they retain.
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