# Laborers, District Council, Indiana Laborers, District Council, Indiana is a Pension Fund based in Terre Haute, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Terre Haute, United States - **Region:** North America - **Address:** 425 South Fourth Street, Terre Haute, IN 47807, United States - **Assets under management:** Undisclosed - **Website:** oldc.com - **LinkedIn:** linkedin.com/company/laborers'-district-council ## Regulatory record - **Reports private funds:** No ## About The Laborers' District Council of Indiana administers pension and welfare benefits for members of the Laborers' International Union of North America (LIUNA) working in Indiana's construction sector. The plan operates from its headquarters at 425 South Fourth Street in Terre Haute, with additional union halls and training facilities in Valparaiso, Bloomington, and Bedford. As a Taft-Hartley multiemployer plan, its assets are jointly governed by trustees representing both labor and contributing contractors. David A. Frye, a LIUNA Vice President and former Business Manager of the Indiana District Council, remains a significant figure in the plan's institutional memory and governance lineage. Investment strategy centers on buyout fund commitments and direct real estate holdings, supplemented by infrastructure and co-investment vehicles. The plan maintains physical assets including its headquarters building in downtown Terre Haute, a welfare fund office on Swan Street, and three local union halls — holdings that serve dual purposes as operational real estate and portfolio assets. Public record confirms the fund participates in private equity through fund-of-funds structures and limited partner commitments to middle-market buyout managers, though it does not disclose quarterly portfolio holdings or fund names as a matter of practice. Geographic concentration leans heavily toward Indiana-based and Midwest properties, reflecting the local-work-presence preference common among Taft-Hartley plans with ties to the building trades. The fund's club and association memberships — including the AFL-CIO through its LIUNA affiliation and the Indiana State Building & Construction Trades Council — shape its sourcing and governance networks. These affiliations place its trustees in regular contact with peer plans facing similar actuarial pressures and regulatory constraints under the Multiemployer Pension Reform Act. The Indiana Laborers District Council PAC operates as a separate segregated fund, distinct from plan assets, supporting state and federal candidates aligned with construction-industry interests. Structurally, the plan's differentiator is the trustee-governance model itself. Investment decisions require consensus between labor and management trustees — a check that can slow deployment cycles but insulates the portfolio from the idiosyncratic risk of single-fiduciary control. The training center in Bedford, Indiana, functions as a pipeline asset: it produces skilled laborers whose hours generate contribution revenue, linking workforce development directly to the plan's long-term funding health. ## Sectors - Real Estate - Infrastructure - Private Equity ## Offices - Valparaiso, IN - Bloomington, IN - Bedford, IN ## People - J. Ward Daniels — Business Manager and Secretary-Treasurer - David A. Frye — LIUNA Vice President and former Business Manager ## Questions ### How is the pension fund structured in relation to the union? The plan is a Taft-Hartley multiemployer pension trust, legally separate from the union's general treasury. Assets are held in trust exclusively for participant benefits under a joint labor-management board of trustees. The Indiana Laborers District Council PAC, a political action committee, operates as a separate segregated fund — plan assets cannot be commingled with political or union operating funds by law. ### Does the plan invest in fund commitments, direct deals, or both? Both. The plan commits to private equity buyout funds, real estate vehicles, and infrastructure partnerships, while also holding direct interests in physical properties including its headquarters at 425 South Fourth Street in Terre Haute and three local union halls. Co-investment vehicles are used opportunistically alongside existing general partner relationships. ### How is the plan related to the Laborers' International Union of North America? The Indiana District Council is a regional affiliate of LIUNA, which represents construction laborers across the United States and Canada. LIUNA Vice President David A. Frye previously led the Indiana District Council as Business Manager. The international union provides governance guidance and trustee education resources but does not control the pension fund's investment decisions — those remain with the local joint board. ### Where does the plan's contribution revenue come from? Contributing employers — primarily Indiana-based construction contractors with collective bargaining agreements — remit hourly contributions per negotiated labor contracts. Contribution rates are renegotiated during multi-year bargaining cycles. The Indiana Laborers' Training Center in Bedford helps maintain a pipeline of skilled workers, whose employment hours directly fund contribution inflows. ### What is the plan's posture toward co-investments alongside external general partners? The plan participates in co-investment opportunities offered by its fund managers, focusing on buyout and real estate deals within its Midwest geographic footprint. Co-investment rights are negotiated as part of limited partnership agreements and allow the plan to increase exposure to specific assets without additional management-fee layers. Public record confirms this approach but does not name individual co-investment transactions. ## Related profiles - [Laborers Annuity Plan For Northern California](https://altss.com/profile/laborers-annuity-plan-for-northern-california) - [Laborers' District Council of Western Pennsylvania Pension Fund](https://altss.com/profile/laborers-district-council-of-western-pennsylvania-pension-fund) --- Updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/laborers-district-council-indiana Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology