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Liquor & Allied Workers' Union Local No. 3 Pension Plan - Sales Representatives Division
The Liquor & Allied Workers' Union Local No. 3 Pension Plan is a multi-employer defined-benefit pension trust for sales representatives in the liquor and...
Liquor & Allied Workers' Union Local No. 3 Pension Plan - Sales Representatives Division
The Liquor & Allied Workers' Union Local No. 3 Pension Plan is a multi-employer defined-benefit pension trust for sales representatives in the liquor and allied trades, headquartered in River Forest, Illinois. It operates under the Taft-Hartley Act, governed by a joint labor-management board of trustees. The fund's revenue comes from employer contributions per collective bargaining agreements, with benefits administered by the union local. The plan's investment strategy is diversified across public equities, fixed income, private real estate, and alternative assets — a multi-asset approach designed for long-term liability matching. It relies on external investment managers to execute its asset allocation, with no public record of direct company investments or co-investments. Geographic exposure centers on the U.S. market, with potential international diversification through pooled vehicles. No recent operational events — such as manager changes, benefit adjustments, or funding status updates — are publicly documented for this plan. The fund is relatively small compared to large corporate or public pension plans, though exact AUM and participant count are not disclosed. Its multi-employer structure means participating employers collectively fund and share risk. The plan's key structural differentiator is its Taft-Hartley governance model, where a board equally representing labor and management oversees investment decisions. This structure is designed to align the interests of workers and contributing employers, but also means investment decisions are made by trustees rather than professional staff — a model distinct from single-employer or public pension funds.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
River Forest
Corporate office
River Forest, IL, United States
Sector focus
Frequently asked questions
Who manages the investment decisions at the Liquor & Allied Workers' Union Local No. 3 Pension Plan?
Investment decisions are made by a joint board of trustees composed of labor and management representatives under the Taft-Hartley Act (public record). The board hires external investment managers to implement a diversified asset allocation strategy. No named individual investment professionals are publicly disclosed for this plan.
What asset classes does the plan invest in?
The plan pursues a diversified strategy across public equities, fixed income, private real estate, and alternative assets (per the firm's official classification). Asset allocation is designed to match long-term liabilities, typical of defined-benefit pension funds. Exact allocation percentages are not disclosed.
Does the plan invest directly in private companies or co-invest alongside other funds?
There is no public record of the plan making direct investments in private companies or co-investments. The fund relies on external investment managers to deploy capital across pooled vehicles and commingled funds. This approach is common for smaller Taft-Hartley pension plans.
How is the plan funded?
The plan is funded by employer contributions under collective bargaining agreements negotiated with liquor and allied workers' sales representatives. It is a multi-employer defined-benefit pension, meaning multiple employers in the same industry contribute, and the fund administers benefits for all covered workers. Employee contributions may also be required depending on the collective bargaining agreement.
Who are the contributing employers to this pension plan?
Contributing employers are those in the liquor and allied products industry that have signed collective bargaining agreements with Local No. 3 of the Liquor & Allied Workers' Union. Specific employer names are not disclosed publicly. The plan operates under a Taft-Hartley trust, which pools contributions from multiple signatory employers.
Is the plan overfunded or underfunded?
The funding status of the Liquor & Allied Workers' Union Local No. 3 Pension Plan is not publicly disclosed. Multi-employer pension plans are required to file Form 5500 with the U.S. Department of Labor, which contains funding information, but the plan name may not appear in public search results. Recent funding notices to participants are not available in public records.
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