Ironworkers Local Union No. 167 Pension Plan

Ironworkers Local Union No. 167 Pension Plan

The Ironworkers Local Union No. 167 Pension Plan is the retirement vehicle for members of Iron Workers Local 167, a union based in Memphis, Tennessee. The plan is a defined-benefit arrangement, meaning it promises a fixed monthly payout to participants upon retirement, with the funding risk borne by the plan itself. Chairman of the Board of Trustees James Cole and Secretary Alison Smith lead its governance. The union local has provided skilled ironworkers for construction projects in the tri-state area of Tennessee, Arkansas, and Mississippi for more than a hundred years, making it a fixture in the region's building trades. The plan's investment mandate is shaped by its defined-benefit structure: it must generate steady, risk-managed returns to meet actuarially determined liabilities that stretch decades into the future. Asset-class coverage is inferred from standard Taft-Hartley multi-employer pension fund practice — typically a mix of public equities, fixed income, and an allocation to private markets. These funds commonly access alternatives through fund commitments rather than direct deals, often with a focus on core real estate, infrastructure, and private credit. The plan's geographic footprint is concentrated in the Mid-South, but its investment portfolio likely spans national and global markets through commingled fund vehicles. Exact team size and assets under management are not publicly disclosed by the plan. There are no known adjacent vehicles, philanthropic foundations, or co-investment clubs associated with it. The plan operates as a traditional Taft-Hartley multi-employer pension fund, governed by a board of trustees with equal representation from labor and management. No verifiable operational event from the last 24 months is available in the public record. The plan's structural differentiator is its embeddedness in a specific union local with deep historical roots. It is not an investor that competes for brand-name venture allocations; it is a liability-matching pool whose governance is tied directly to the collective-bargaining agreements and workforce of Iron Workers Local 167. This aligns its investment horizon with the working lives and retirements of a defined, geographically concentrated group of skilled tradespeople.