# Hawaii Masons' Pension Plan

Hawaii Masons' Pension Plan is a Pension Fund based in Honolulu, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Honolulu, United States
- **Region:** North America
- **Address:** Honolulu, HI, United States
- **Assets under management:** Undisclosed
- **Website:** hawaiimasonspension.org

## Regulatory record

- **Reports private funds:** No

## About

The Hawaii Masons' Pension Plan is a Taft-Hartley multiemployer defined-benefit pension fund covering members of masonry unions across the Hawaiian Islands. Its structure pools contributions from multiple employers under collective bargaining agreements, a model common in the US construction trades. The fund's investment program targets long-term returns sufficient to meet benefit obligations to retired masons, tilers, and plasterers. The plan allocates capital across traditional asset classes—primarily fixed income, public equities, and real estate—with a dedicated venture capital sleeve. Its VC program operates through commitments to external general partners, a standard approach for mid-sized union pension funds that lack the internal staffing for direct startup investing. The geographic mandate naturally skews toward US-based managers, though the fund may have exposure to Hawaii-focused venture vehicles given the state's small but active startup ecosystem in Honolulu's Kakaako innovation district. The fund's governance sits with a board of trustees evenly split between union and employer representatives, as required under Taft-Hartley rules. The plan files annual Form 5500 returns with the Department of Labor, making its actuarial status and asset-class breakdown a matter of public record through those filings. What distinguishes this plan structurally is its participation in Hawaii's compact institutional-investor community, where a handful of union and corporate pension funds share overlapping trustee networks and occasionally co-invest through manager relationships. That density creates potential for warm introductions to mainland VC firms seeking Hawaii-based limited partners, though the fund's venture commitments are unlikely to exceed a low-single-digit percentage of total plan assets given its fiduciary posture.

## Sectors

- Venture Capital

## Questions

### What type of pension plan is the Hawaii Masons' Pension Plan?

It is a Taft-Hartley multiemployer defined-benefit plan. Contributions come from multiple masonry and tiling contractors under collective bargaining agreements with the local union. The plan's benefit formula is negotiated, not discretionary—retired members receive fixed monthly payments based on service credits and contribution history.

### How does the fund access venture capital?

The plan invests as a limited partner, committing to external VC funds. There is no internal direct-investment team. This is the standard model for union pension funds of its size—it delegates sourcing, due diligence, and portfolio management to general partners while retaining liquidity and liability matching in the broader portfolio.

### Is the plan's financial condition publicly available?

Yes. As an ERISA-covered plan, it files annual Form 5500 reports with the Department of Labor. Those filings disclose plan assets, liabilities, funded status, and investment-fee structure. They are accessible through the DOL's EFAST system and provide the most granular public window into the fund's operations.

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

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