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ILA Local 1771
The Waterfront Employers ILA Pension Plan was founded in 1957 as a multiemployer defined-benefit arrangement serving Charleston longshore workers. Lance W.
ILA Local 1771
The Waterfront Employers ILA Pension Plan was founded in 1957 as a multiemployer defined-benefit arrangement serving Charleston longshore workers. Lance W. McLaughlin holds the presidency of Local 1771 while Neal Edgerton and G. W. Adams, Jr. serve as plan co-chairmen. The plan maintains a 7.23 percent allocation to private equity alongside real estate debt exposure. Confirmed holdings include commitments through Prudential Asset Management and direct real estate assets at the Charleston headquarters. Geographic reach covers the United States with private equity positions extending globally. The vehicle also supports a supplemental COVID Pandemic Relief Fund established in 2020 for members unable to work. Assets total 429 million USD. The plan lists five service providers active since 2016, including Prudential Financial as investment advisor. It maintains memberships in the Maritime Association of South Carolina and the International Longshoremen's Association. The plan's governance pairs union and employer co-chairmen under a single multiemployer trust, a structure that channels contributions from South Carolina Stevedores Association employers directly into the same pool used by ILA Local 1422.
General information
Firm type
Pension Fund
Year founded
1957
Location
Region
North America
Country
United States
City
Charleston
Corporate office
899 Morrison Drive, Charleston, SC, United States
Principals
Lance W. McLaughlin
President
Neal Edgerton
Union Co-Chairman and Plan Administrator
G. W. Adams, Jr.
Employer Co-Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at ILA Local 1771?
Lance W. McLaughlin serves as president. Neal Edgerton acts as union co-chairman and plan administrator while G. W. Adams, Jr. serves as employer co-chairman.
What asset classes does the plan hold?
The plan allocates to private equity at 7.23 percent and maintains exposure to real estate debt and healthcare-related real estate assets.
Does the plan participate in fund commitments or direct deals?
It holds private equity fund commitments through Prudential Asset Management and owns its Charleston headquarters property directly.
Where does the plan source its capital?
Contributions arrive from employers represented by the South Carolina Stevedores Association under collective bargaining agreements with ILA locals.
What geographic regions does the plan cover?
The plan is based in Charleston, South Carolina and maintains private equity exposure across the United States and globally.
How is the plan related to other ILA locals?
It covers members of ILA Local 1422 and Local 1422-A alongside Local 1771 under one multiemployer trust.
Does the plan maintain separate philanthropic structures?
It established the COVID Pandemic Relief Fund in 2020 to provide supplemental unemployment benefits to affected ILA members.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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