# Stationary Engineers Local 39 Pension Fund

Stationary Engineers Local 39 Pension Fund is a Pension Fund based in Dublin, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Dublin, United States
- **Region:** North America
- **Address:** 4160 Dublin Boulevard, Suite 100, Dublin, CA 94568-7756, United States
- **Assets under management:** Undisclosed
- **Website:** local39benefits.org

## Regulatory record

- **Reports private funds:** No

## About

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.

## People

- 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

## 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.

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Last updated: 2026-06-03T20:00:00.000Z

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