Iron Workers District Council of TN Valley & Vicinity Pension Plan

A joint board of trustees governs the plan, with seats split evenly between union representatives from participating Iron Workers locals and management trustees from contributing contractors. This Taft-Hartley structure mandates that all investment policy changes, manager hires, and allocation decisions receive majority approval from both labor and management sides. Bryant Hollowell serves as a trustee representing Iron Workers Local 492.

Four Iron Workers locals contribute to the plan under collective bargaining agreements: Local 492 based in Nashville, Tennessee; Local 167 in Memphis; Local 92 in Birmingham, Alabama; and Local 70 in Louisville, Kentucky. Together they cover skilled ironworkers across central and eastern Tennessee, northern Alabama, and southern Kentucky.

The Taft-Hartley joint trusteeship creates an inherently conservative fiduciary culture. With labor and management trustees sharing equal governance authority, every allocation change requires documented consensus — favoring steady liability-matching strategies over opportunistic or complex investments. This tends to produce portfolios weighted toward investment-grade fixed income, large-cap public equities, and core private-market allocations rather than aggressive venture or hedge fund exposure.

Yes. The plan allocates to private markets including real estate, infrastructure, and private credit, executed through commingled institutional fund structures rather than direct co-investments. In November 2023, the board approved an updated investment policy statement that modestly increased the target allocation to private credit, reflecting a broader trend among multi-employer plans to seek additional yield within constrained risk budgets.

The Iron Workers District Council of TN Valley and Vicinity operates two separate plans that share administrative resources in Goodlettsville, Tennessee: this defined-benefit pension plan and a welfare plan providing health and other benefits. Both are governed independently under ERISA, with distinct trust agreements and fiduciary boards, though they draw from the same employer contribution base negotiated through the District Council's collective bargaining agreements.

No. The plan does not publicly disclose its total assets under management. As a private-sector multi-employer pension plan, it files Form 5500 annually with the Department of Labor, which does include asset figures, but those filings are not proactively published by the fund and are typically accessed through DOL databases by enrolled participants and researchers.

IMPACT — the Ironworker Management Progressive Action Cooperative Trust — is a labor-management partnership in which the District Council participates. IMPACT monitors fund-level engagement with signatory contractors and evaluates job-creating real estate and infrastructure investments. While IMPACT does not direct the pension plan's asset allocation, its contractor-tracking and project data inform the trustees' understanding of market conditions affecting participating employers.