# Iron Workers District Council of Southern Ohio and Vicinity Benefit Trust, Pension Trust, and Annuity Trust

Iron Workers District Council of Southern Ohio and Vicinity Benefit Trust, Pension Trust, and Annuity Trust is a Pension Fund based in Vandalia, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Vandalia, United States
- **Region:** North America
- **Address:** 1470 Worldwide Place, Vandalia, OH 45377, United States
- **Founded:** 1962
- **Assets under management:** $950M–$1.0B (Altss estimate)
- **Website:** iwtrustfund.com

## Regulatory record

- **Reports private funds:** No

## About

The Iron Workers District Council of Southern Ohio and Vicinity Benefit Trust, Pension Trust, and Annuity Trust was established in 1962 as a defined-benefit multi-employer vehicle for ironworkers across Ohio, Indiana, Kentucky, and West Virginia. Administrative Manager Penny Brown oversees plan compliance and fund operations from the trust's office in Vandalia, Ohio, while employer trustees from signatory contractors — including Ben Hur Construction Co., F.A. Wilhelm Construction Company, and SOFCO Erectors, Inc. — sit alongside union trustees from locals in Cincinnati, Dayton, Columbus, Indianapolis, and Louisville to govern the assets. The trust does not disclose a precise AUM figure, but Altss estimates total assets at roughly $984 million. The trust deploys capital across a diversified mix of asset classes. Publicly reported allocations include commercial real estate, public equity, and fixed-income portfolios, supplemented by common and collective trusts and a dedicated real estate allocation. The private-markets component is unusually broad for a regional Taft-Hartley plan: strategy tags confirmed through Altss research indicate commitments to buyout, growth equity, venture capital (from seed to late stage), distressed debt, mezzanine, natural resources, special situations, and co-investment multi-manager funds. The trust does not publicly disclose specific fund relationships or portfolio company names. The trust covers participants from nine Iron Workers locals. Board governance reflects the equal-representation model standard for Taft-Hartley trusts, with employer trustees drawn from signatory contractors and union trustees representing each participating local. The fund office, reachable at 937-454-1744 from 7:30 a.m. to 4:30 p.m. weekdays, handles pension calculations, annuity loans and disbursements, retiree health insurance, and employer contribution collection. The trust's plan auditor is Clark, Schaefer, Hackett & Co., with legal counsel from Johnson + Krol, LLC and consulting support from Marsh McLennan. The most distinctive structural feature is the plan's private-investment breadth relative to its size. Most Taft-Hartley plans of this scale concentrate heavily on public equities and fixed income; this trust's allocation to venture capital, distressed debt, and co-investment strategies — deployed through external managers rather than a direct-investment team — represents a deliberate, diversified approach to alternative return streams within the fiduciary constraints of a union pension plan.

## Sectors

- Real Estate
- Private Credit
- Venture Capital

## People

- Penny Brown — Administrative Manager
- Bradley Winans — Plan Administrator
- Craig Wanner — Employer Trustee

## Questions

### Which unions participate in the Iron Workers District Council of Southern Ohio trust?

Nine Iron Workers local unions participate. The trust covers Local 22 (Indianapolis), Local 44 (Cincinnati), Local 70 (Louisville), Local 147 (Fort Wayne), Local 172 (Columbus), Local 290 (Dayton), Local 292 (South Bend), Local 769 (Ashland), and Local 787 (Parkersburg).

### Who makes investment decisions for the trust?

Investment governance follows the Taft-Hartley model, with a joint board of union and employer trustees overseeing the funds. Administrative Manager Penny Brown manages plan compliance and fund office operations from Vandalia, Ohio. The trust engages Marsh McLennan as its consultant and does not disclose a dedicated internal chief investment officer.

### Does the trust invest in private equity or venture capital?

Yes, and to a degree unusual for a regional multi-employer plan of its size. Confirmed strategy tags include buyout, growth equity, venture capital across seed, start-up, and late stage, distressed debt, mezzanine, natural resources, special situations, and co-investment multi-manager structures. All private-markets exposure is accessed through external managers, not direct investments.

### How is the trust funded?

Employers bound by collective bargaining agreements with participating Iron Workers locals make required contributions to the pension, annuity, and benefit trusts on behalf of covered workers. The fund office in Vandalia, Ohio handles contribution collection and remittance tracking.

### Does the trust disclose its asset managers or specific portfolio holdings?

No. The trust categorizes its allocations broadly — commercial real estate, public equities, fixed income, and common and collective trusts — but does not name individual fund managers, co-investment partners, or direct portfolio holdings on its public website or in plan documents.

## Related profiles

- [Eletros](https://altss.com/profile/fundacao-eletrobras-de-seguridade-social)
- [Private VermögensVerwaltung](https://altss.com/profile/private-vermogensverwaltung)

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

Canonical page: https://altss.com/profile/iron-workers-district-council-of-southern-ohio-and-vicinity-benefit-trust-pensio

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