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Stationary Engineers Local 39 Pension Fund
The fund operates as a joint labor-management trust, governed by a six-person Board of Trustees split evenly between labor and management representatives.
Stationary Engineers Local 39 Pension Fund
The fund operates as a joint labor-management trust, governed by a six-person Board of Trustees split evenly between labor and management representatives. This structure is codified by the Taft-Hartley Act, making the board the sole authority on benefit eligibility and plan interpretation. Day-to-day administration is outsourced to a third-party contract administrator, Health Services & Benefit Administrators, which took over the contract in May 2024. As a multi-employer defined-benefit plan, the fund pools contributions from multiple employers — Americold and ABM Industries are confirmed participants — to provide retirement and annuity benefits to Local 39 members. No public filings currently disclose its specific asset allocation, investment manager roster, or deployment targets. May 2024 brought a change in contract administration to Health Services & Benefit Administrators, the only recent operational shift publicly visible. Beyond this administrative transition, the fund maintains a deliberately low public profile regarding its investment posture, with no strategy page or disclosed portfolio holdings on its website. This fund’s structural distinction lies in its governance: it is one of the few remaining multi-employer plans in the building-services trades that remains jointly administered, with all investment and benefit decisions routed through a trustee board where no single employer or union faction holds unilateral control.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Dublin
Corporate office
4160 Dublin Boulevard, Suite 100, Dublin, CA 94568-7756, United States
Principals
Timothy Eggen
Chairman, Labor Trustee
Danny Murtagh
Co-Chair, Management Trustee
Bart Florence
Labor Trustee
Jim Johnson
Management Trustee
Jay Vega
Labor Trustee
David J. Philpott
Management Trustee
Frequently asked questions
Who controls investment decisions for the Stationary Engineers Local 39 Pension Fund?
A joint Board of Trustees, evenly divided between labor and management representatives, holds exclusive authority over all plan decisions. The trust’s documents explicitly state that the board has 'sole and absolute discretion' to administer, interpret, and apply provisions of the plan. No external investment committee or outsourced CIO structure is disclosed.
How is this pension fund governed, given its union affiliation?
The fund is a Taft-Hartley multi-employer plan, meaning it is jointly administered by labor and management trustees. As of the most recent disclosure, the board includes Timothy Eggen (Chairman), Bart Florence, and Jay Vega representing labor, alongside Danny Murtagh (Co-Chair), Jim Johnson, and David J. Philpott representing management. The local union, Stationary Engineers Local 39, is part of the International Union of Operating Engineers, which is AFL-CIO-affiliated.
Which employers participate in the plan, and does that affect its liquidity profile?
Confirmed participating employers include Americold Realty Trust, a publicly traded cold-storage REIT, and ABM Industries, a large facilities-management firm. Multi-employer plans with a concentrated list of contributing employers can face unique liquidity and contribution-risk considerations, though the fund does not publicly disclose how many total employers currently participate.
Does the fund manage its investments internally or outsource day-to-day administration?
Day-to-day administration is outsourced: as of May 2024, the contract administrator is Health Services & Benefit Administrators. The fund does not disclose whether its investment management is handled by internal staff, an outsourced CIO, or a consultant. The board retains final decision-making authority over all matters, including any investment-related interpretations.
What is the fund’s known posture toward transparency and public reporting?
The fund maintains a low public profile. It does not publish a strategy page, investment team biographies, or portfolio holdings on its website. The most recent operational change — the May 2024 administrative switch — was announced via a straightforward fund update. Formal financial filings, if any, would be found through regulatory databases, not the fund’s own site.
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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