IAM Benefit Funds Office

IAM Benefit Funds Office

The IAM Benefit Funds Office was established in 1979 by the International Association of Machinists and Aerospace Workers. Ryk Tierney serves as Executive Director. Dora Cervantes acts as General Secretary-Treasurer and trustee of the National Pension Fund and 401(k) plans. The office allocates across private equity, public equities, and fixed income. Confirmed holdings include positions in Blackstone Private Equity Funds and ICG funds. Additional exposure runs through Steward Health Care and real estate vehicles such as Mercer Field II PPP. Geographic reach centers on the United States with limited international equity positions. Total assets under management equal $886 million for the Grand Lodge plan. The office maintains service relationships with State Street Bank as custodian and Morningstar Associates as investment advisor. No dated operational events from the last 24 months appear in available records. The structure operates as a multi-employer defined-benefit vehicle directly linked to the IAMAW labor union, with trustees drawn from union leadership.