# Kansas Construction Trades Open End Pension Trust Fund

Kansas Construction Trades Open End Pension Trust Fund is a Pension Fund based in Topeka, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Topeka, United States
- **Region:** North America
- **Address:** Topeka, KS, United States
- **Assets under management:** $152M (Altss estimate)
- **Website:** ecommerce.issisystems.com

## Regulatory record

- **Reports private funds:** No

## About

The Kansas Construction Trades Open End Pension Trust Fund operates from Topeka as a multiemployer defined-benefit plan serving union carpenters and construction workers across the state. Participating employers include Centuri Holdings and MasTec's Precision Pipeline unit, with covered local unions ranging from 750 to 2279 under the United Brotherhood of Carpenters and Joiners of America. The fund entered critical and declining status before the PBGC approved roughly $43.1 million in special financial assistance under the American Rescue Plan Act—funds allocated to ensure retirees continue receiving unreduced benefits. The fund's investment portfolio extends across private equity buyout funds, secondaries, and real estate. Recorded holdings include a direct interest in the Dublin Corporate Center in California and a position in the ARA Core Property Fund, alongside allocations to common and collective trust funds and a short-term investment vehicle. May 2024: The PBGC disbursed the final tranche of the fund's approved special financial assistance, completing the multiyear relief package authorized under ARPA (per PBGC disclosures). The fund maintains memberships in the National Coordinating Committee for Multiemployer Plans and the International Foundation of Employee Benefit Plans, aligning it with industry peers navigating similar funding challenges. The board of trustees, chaired by Richard Kendall, oversees strategy with Yvonne G. Brownell serving as plan administrator. What distinguishes the Kansas Construction Trades plan is its survival arc: a multiemployer fund that entered the PBGC's critical-status designation and used the ARPA assistance framework to restore solvency without benefit cuts. That posture—a pension fund operating as a going-concern recovery vehicle rather than a liquidation candidate—shapes its investment behavior, favoring existing GP relationships and secondary sales over new direct commitments during the stabilization period.

## Sectors

- Real Estate
- Private Equity
- Secondaries & Special Situations

## People

- Richard Kendall — Chairman of the Board of Trustees
- Yvonne G. Brownell — Plan Administrator

## Questions

### How does the fund invest its assets?

The portfolio includes private equity exposure through buyout funds, fund-of-funds vehicles, and secondary market purchases. Real estate holdings encompass a direct commercial property in Dublin, California, and an interest in the ARA Core Property Fund. The fund also maintains allocations to common and collective trust funds and a short-term investment fund for liquidity management.

### Who runs investment decisions at the fund?

The board of trustees, chaired by Richard Kendall, is responsible for investment oversight and fiduciary decisions. Yvonne G. Brownell serves as the plan administrator handling day-to-day operations. The fund does not publicly identify a dedicated chief investment officer or external investment consultant.

### Which employers and unions participate in this multiemployer plan?

Participating employers include Centuri Holdings and MasTec's Precision Pipeline subsidiary. The covered union locals fall under the United Brotherhood of Carpenters and Joiners of America and include Locals 750, 918, 1095, 1224, 1445, 1587, 1980, and 2279, serving approximately 8,145 participants in the Kansas construction trades.

### What was the PBGC special financial assistance used for?

The $43.1 million in ARPA-allocated special financial assistance was designated to cover projected benefit payments and restore the plan's solvency without reducing accrued benefits. The PBGC structured the payments as a grant, not a loan, meaning no repayment is required—a feature specific to the ARPA multiemployer relief provisions targeting plans in critical and declining status.

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

Canonical page: https://altss.com/profile/kansas-construction-trades-open-end-pension-trust-fund

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