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Kansas City Cement Masons Pension Plan
The Kansas City Cement Masons Pension Plan functions as a multi-employer Taft-Hartley fund serving the members of Operative Plasterers and Cement Masons Local...
Kansas City Cement Masons Pension Plan
The Kansas City Cement Masons Pension Plan functions as a multi-employer Taft-Hartley fund serving the members of Operative Plasterers and Cement Masons Local 518, which covers the greater Kansas City area. Contributions flow from union signatory contractors under collective bargaining agreements, and the fund's trustees — drawn equally from labor and management — govern its investment program and benefit administration. While the precise founding date and current actuarial position are not publicly filed in a consolidated format, the plan operates within the federal regulatory framework of ERISA and is subject to Department of Labor reporting requirements. The plan's investment strategy concentrates on real estate and private-markets secondaries rather than direct venture or buyout exposure. Identified holdings include a position in RREEF America REIT II, a diversified core real estate vehicle, alongside allocations to JPMorgan Commingled Pension Trust Funds that provide institutional-scale access across public and private markets. Secondary-market activity — where the fund acquires existing limited-partner interests from sellers seeking liquidity — constitutes the other leg of its alternative-investment approach. Geographic focus is primarily domestic, reflecting the local nature of the contributing employer base in Missouri and Kansas. Team size and current assets under management are not publicly disclosed. The fund has appeared in securities filings as a limited partner alongside other Taft-Hartley investors, including the Graphic Arts Industry Joint Pension Trust, indicating participation in pooled institutional vehicles. The plan operates through the governance structure of OPCMIA Local 518 and the international union body, though investment decisions rest with the board of trustees rather than union leadership. No separately branded co-investment vehicles or philanthropic foundations are associated with the plan. Structural differentiator: As a Taft-Hartley multi-employer plan, the Kansas City Cement Masons Pension Plan cannot operate like a single-family office or endowment — its fiduciary obligations are divided among labor and management trustees, and its investment horizon is defined by the demographic profile of a specific local union's membership. This governance model constrains risk appetite and favors the commingled-fund, secondary-market approach the plan has pursued, distinguishing it from public pension systems with in-house direct-investment staffs.
General information
Firm type
Pension Fund
Year founded
1965
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Independence
Corporate office
Independence, MO, United States
Sector focus
Frequently asked questions
Who runs investment decisions at the Kansas City Cement Masons Pension Plan?
Investment decisions are made by a board of trustees composed equally of representatives from the Operative Plasterers and Cement Masons Local 518 and the signatory contractors who contribute to the fund. This labor-management governance structure is standard for Taft-Hartley multi-employer plans. The board typically retains investment consultants to advise on asset allocation and manager selection, though specific consultant relationships have not been publicly disclosed.
What investment stages does the fund target in private markets?
The plan does not target direct venture or growth-stage investing. Its private-market exposure comes through secondary-market transactions — acquiring existing limited-partner interests in funds that are already deployed — and through commingled real estate vehicles like RREEF America REIT II. This approach provides diversification without the need for an in-house direct-investment team.
Does the fund participate in fund commitments or only direct deals?
Public filings indicate the fund operates almost entirely through fund commitments and commingled vehicles, not direct deals. Holdings include positions in RREEF America REIT II and JPMorgan Commingled Pension Trust Funds, both pooled structures. There is no evidence of direct co-investment activity or single-asset SPVs in publicly available records.
How is the Kansas City Cement Masons Pension Plan related to OPCMIA Local 518?
The plan exists to provide retirement benefits specifically to members of Operative Plasterers and Cement Masons Local 518, which covers the Kansas City metropolitan area. Local 518 is a chartered affiliate of the Operative Plasterers and Cement Masons International Association. The fund is legally separate from the union, but its beneficiary pool is drawn entirely from Local 518's membership.
Is the fund's current funded status publicly available?
The plan files annual Form 5500 reports with the Department of Labor, as required for all ERISA-governed pension funds, which contain funded-status data. However, these filings are not centrally published in a real-time searchable format. Actuarial valuation reports may be available through direct request to the fund office, per standard Taft-Hartley disclosure practices.
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