IUOE Stationary Engineers Local 39 Pension Plan

The board includes four named trustees — Jim Johnson and Danny Murtagh serve as employer trustees, while Bart Florence and Jerry Kalmar serve as employee trustees. Bonnie Maraia is listed as the agent for service of legal process. This even split between employer and employee representatives is standard governance for a multiemployer Taft-Hartley plan.

The plan holds a commercial real estate portfolio allocation, indicating direct property exposure alongside fund-level commitments. Additionally, it has placed money in a JPMorgan Chase real estate securities fund — suggesting a layered approach that blends direct assets with publicly traded REITs or real estate debt instruments.

The plan's disclosed strategy tags are generalist venture capital, with commitment types repeated across multiple records. That implies the fund runs a diversified VC program without a single-industry mandate — an allocation posture more commonly seen in large public pensions than in union-affiliated plans.

Local 39 is the San Francisco chapter of the International Union of Operating Engineers, a national labor organization. The pension plan is a separate multiemployer trust fund designed specifically for stationary engineers who belong to that local chapter, distinct from other IUOE regional pension plans or the national organization's own funds.

Public records name ABM Industries — a national facilities-management company — as a major contributing employer. Children's Hospital and Research Center at Oakland also participates. Because the plan is collectively bargained, the full employer list spans Bay Area commercial buildings, hospitals, and institutions that employ stationary engineers under union contract.

Yes. The IUOE Stationary Engineers Local 39 Annuity Trust Fund operates as a complementary retirement plan for the same union membership. The pension plan and the annuity trust are distinct legal entities, though both serve Local 39 members and are governed under the multiemployer framework.

No. The plan has not released a public AUM figure. Without a Form 5500 or similar regulatory filing that has been surfaced in public data, the fund's total asset base remains undisclosed. This lack of transparency is common among smaller multiemployer plans that fall below certain public-reporting thresholds.