# IBEW Local No. 117 Pension Fund

IBEW Local No. 117 Pension Fund is a Pension Fund based in Crystal Lake, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Crystal Lake, United States
- **Region:** North America
- **Address:** Crystal Lake, MI, United States
- **Founded:** 1971
- **Assets under management:** Undisclosed
- **Website:** ibew117benefits.org

## Regulatory record

- **Reports private funds:** No

## About

The International Brotherhood of Electrical Workers (IBEW) Local No. 117 Pension Fund was established on June 1, 1971, as a multiemployer defined benefit plan serving union electricians across a territory that includes portions of central and southern Michigan. The fund is financed through employer contributions negotiated under collective bargaining agreements with signatory electrical contractors. Unlike larger union pension funds with dedicated internal investment teams, Local 117's Fund Office is administered by TIC International Corporation, an Indianapolis-based third-party administrator that manages benefits, recordkeeping, and investment consulting for Taft-Hartley plans nationwide. Such funds commonly allocate across core fixed income, domestic equities, and a modest alternatives sleeve — typically 10–20% of assets — spanning real estate, infrastructure, private credit, and select private equity or hedge fund commitments. Direct reports on specific manager relationships or portfolio holdings are not publicly available, a common opacity for plans below the Form 5500 detailed filing thresholds that larger plans must meet. No publicly disclosed total asset figure, team size, or exact deployment data exists for the fund. TIC International Corporation, as administrator, provides actuarial, compliance, and investment advisory services, but the fund's board of trustees — comprised of union and employer representatives — retains fiduciary authority over investment policy. The fund's benefit structure and funding status are governed by the Employee Retirement Income Security Act (ERISA) and subject to oversight by the Pension Benefit Guaranty Corporation (PBGC), which insures multiemployer plan benefits up to statutory limits. The fund's defining operational feature is its reliance on external administration through TIC International Corporation, a model that concentrates investment decision-making among trustees advised by a single administrative partner. This structure creates a distinct governance dynamic: a small group of union and employer trustees, supported by TIC's actuarial and consulting resources, determines asset allocation and manager selection without a separate in-house CIO or investment staff. For allocators evaluating the fund as a potential LP, the key variable is the identity of the investment consultant or outsourced CIO arrangement TIC facilitates — a detail the fund does not publicly disclose.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Hedge Funds
- Private Equity

## Questions

### Who administers the IBEW Local No. 117 Pension Fund?

The fund's day-to-day operations, benefit processing, and investment consulting are managed by TIC International Corporation, an Indianapolis-based third-party administrator specializing in Taft-Hartley multiemployer plans. TIC provides actuarial services, compliance support, and investment advisory work for the fund's board of trustees.

### How are investment decisions made?

Investment policy is set by a board of trustees composed of both union and employer representatives, as required under the Taft-Hartley Act. TIC International Corporation advises the board on asset allocation, manager selection, and ongoing monitoring, but the trustees retain ultimate fiduciary authority.

### What type of pension plan is this?

It is a multiemployer defined benefit plan, meaning participating employers — all signatory electrical contractors from IBEW Local 117's jurisdiction — contribute at collectively bargained rates. Benefits are paid based on a formula tied to years of service and contribution levels, not investment returns of individual accounts.

## Related profiles

- [IBEW Local 712 Pension Trust Fund](https://altss.com/profile/ibew-local-712-pension-trust-fund)
- [IBEW Local No. 229 Pension Fund](https://altss.com/profile/ibew-local-no-229-pension-fund)

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

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