# Iron Workers Local 167

Iron Workers Local 167 is an Union Pension Fund based in Memphis, United States.

## Overview

- **Organization type:** Union Pension Fund
- **Headquarters:** Memphis, United States
- **Region:** North America
- **Address:** 2574 Lindawood Cove, Memphis, TN 38118, United States
- **Assets under management:** Undisclosed
- **Website:** http://www.ironworkers167.com
- **LinkedIn:** https://www.linkedin.com/company/iron-workers-local-union-167

## Regulatory record

- **Reports private funds:** No

## About

Iron Workers Local 167 operates a multi-employer Taft-Hartley pension fund from its Memphis union hall and training center. James Cole serves as Business Manager and Financial Secretary-Treasurer, and Doug McCain is President and Apprenticeship Coordinator. The fund is affiliated with the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers. It derives its capital from collectively bargained employer contributions tied to hours worked by union members across the Memphis metropolitan construction market. While specific fund commitments are not publicly itemized, Taft-Hartley plans of this structure typically allocate through funds-of-funds or direct commitments to middle-market buyout managers, with sector exposure heavily weighted toward real estate and infrastructure—asset classes that align with the membership's trade. Partner contractors such as Midwest Steel, Inc. have worked on major local projects, including the Memphis Pyramid, underscoring the fund's embedded position in the region's built environment. The fund's assets are held across vehicles including the Ironworkers Local 167 Welfare Plan and General Fund, domiciled in Memphis and Goodlettsville, Tennessee. It participates in the Memphis Building and Construction Trades Council and the Tennessee AFL-CIO Labor Council, and it works alongside IMPACT, a joint labor-management trust, to expand market share for union ironworkers and signatory contractors. No recent capital activity or deployment figures are publicly disclosed. The fund's structural differentiator is its Taft-Hartley multi-employer design. Unlike a corporate pension, trusteeship is split evenly between union and employer representatives. This governance model requires consensus on manager selection and creates a built-in pipeline of plan participants who are also the local workforce building regional commercial and industrial projects.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Buyout

## People

- James Cole — Business Manager and Financial Secretary-Treasurer
- Doug McCain — President and Apprenticeship Coordinator

## Questions

### How does the plan source its employer contributions?

Contributions are made by signatory contractors based on collectively bargained hourly rates for each ironworker in the Memphis jurisdiction. The International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers negotiates the master agreements. Key local contractors include Midwest Steel, Inc., which has participated in prominent Memphis-area construction projects.

### What industries does the fund target through its private market allocations?

The fund's sector exposure is inferred from the local construction economy and typical Taft-Hartley patterns—heavy in real estate, infrastructure, and private credit—rather than from a published investment policy. Altss research and partner-contractor relationships point toward a regional concentration in the Memphis metropolitan area's development cycle.

## Related profiles

- [Iron Workers Local 16](https://altss.com/profile/iron-workers-local-16)
- [Iron Workers Local #808 (IW)](https://altss.com/profile/iron-workers-local-808-iw)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/iron-workers-local-167

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology