IBEW Local Union 364

IBEW Local Union 364

The NECA-IBEW Local 364 Defined Contribution Plan was established in 1984 to provide retirement, disability, and death benefits to members of the International Brotherhood of Electrical Workers Local 364. The local represents electricians and electrical trade workers throughout north-central Illinois. The plan is co-managed through a joint labor-management partnership between IBEW Local 364 and the National Electrical Contractors Association, the same entity that oversees the local's apprenticeship programs and fringe benefit funds. The plan deploys capital across a broad private-markets mandate. Its strategy spans buyout funds, early-stage and late-stage venture capital, mezzanine financing, secondaries, and direct co-investment opportunities. Sectors of focus include real estate, private credit, and infrastructure, reflecting an allocation posture tailored to the long-duration liabilities of a defined-contribution workforce. The plan also holds non-investment assets that support its mission, including the IBEW Local 364 Union Hall & Banquet Facility and the Northern Illinois Electrical Apprenticeship & Training Center, both located in Rockford. Business Manager Alan Golden leads the union's operations. Brad Williams serves as Press Secretary and Organizer, managing communications and political coordination. The local is affiliated with the AFL-CIO and participates in the West Central Illinois Building and Construction Trades Council, a regional coalition that aggregates bargaining power for construction unions. The union holds a President's Club membership in the Greater Rockford Chamber of Commerce, placing it within the local business leadership network. The plan's structural differentiator is its direct co-investment capability embedded within a multiemployer pension framework. Unlike many union pension plans that rely entirely on external fund managers through commingled vehicles, the NECA-IBEW Local 364 plan pursues co-investment alongside its GP relationships — a posture that can reduce fee drag for the electricians whose retirement savings it stewards. The joint trusteeship model between labor and management further distinguishes its governance from single-sponsor corporate plans.