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Local 804 I.B.T & Local 447 I.A.M (UPS Multi-Employer Retirement Plan)
The Local 804 I.B.T. and Local 447 I.A.M. - UPS Multi-Employer Retirement Plan is a defined-benefit pension fund jointly sponsored by two union locals...
Local 804 I.B.T & Local 447 I.A.M (UPS Multi-Employer Retirement Plan)
The Local 804 I.B.T. and Local 447 I.A.M. - UPS Multi-Employer Retirement Plan is a defined-benefit pension fund jointly sponsored by two union locals representing UPS employees, established through collective bargaining with United Parcel Service. The plan's benefits cover active and retired workers under agreements negotiated by the International Brotherhood of Teamsters and the International Association of Machinists. In 2013, the plan's trustees certified it to be in critical status under the Pension Protection Act, acknowledging a funding deficit that required immediate corrective action through a Rehabilitation Plan designed to restore long-term solvency. As a mature multi-employer plan facing a funding gap, the investment strategy prioritizes income-producing assets that can help close the liability shortfall. The plan participates in commercial real estate credit strategies, with confirmed commitments to Blackstone Real Estate Debt Strategies IV and KKR Real Estate Stabilized Credit Partners, according to public records. This posture suggests an emphasis on current-yield real estate lending rather than opportunistic equity or growth-stage investments. The investment program is concentrated in North American commercial real estate, reflecting both stable income generation and a reduced appetite for long-duration, speculative exposure. The plan is administered by Quantis Hall, with Chris Langan serving as plan sponsor. As a premium-paying participant in the Pension Benefit Guaranty Corporation's multi-employer insurance program, the plan submits to PBGC oversight and annual monitoring. No additional offices, affiliated philanthropic vehicles, or co-investment club memberships have been publicly disclosed. The plan's structural reality is defined by its Rehabilitation Plan status and PBGC participation — a regulatory framework that constrains risk-taking and governs every allocation decision. This is not a discretionary, dynastic family office or a nimble endowment. It is a distressed multi-employer pension fighting to meet its obligations, with its investment choices shaped by statutory funding-ratio targets, employer withdrawal liability, and the ongoing requirement to satisfy an actuarial improvement schedule.
General information
Firm type
Pension Fund
Year founded
1953
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Atlanta
Corporate office
Atlanta, GA, United States
Principals
Quantis Hall
Plan Administrator
Chris Langan
Plan Sponsor
Sector focus
Frequently asked questions
What is meant by the plan's 'critical status' designation?
Under the Pension Protection Act of 2006, a multi-employer plan enters critical status — often called the 'red zone' — when it faces severe funding or liquidity problems. For this plan, trustees certified the designation in 2013. Critical status requires trustees to adopt a Rehabilitation Plan that specifies contribution increases, benefit adjustments, or both, to restore the plan to financial health over a prescribed period.
How does the Pension Benefit Guaranty Corporation relate to this plan?
The plan is a premium-paying participant in the PBGC's multi-employer insurance program. PBGC provides financial assistance in the form of loans if a plan becomes insolvent and cannot pay guaranteed benefits. PBGC oversight adds a layer of regulatory scrutiny and requires compliance with annual reporting and actuarial standards.
What asset classes does the plan invest in?
Based on available disclosure, confirmed allocations include commercial real estate credit via institutional fund structures. The plan has committed capital to Blackstone Real Estate Debt Strategies IV and to KKR Real Estate Stabilized Credit Partners. No public equity, venture capital, or hedge fund commitments have been surfaced.
Who runs investment decisions at the plan?
The plan is administered by Quantis Hall. Chris Langan serves in a plan sponsor capacity. Specific names of the board of trustees or any external investment consultant are not publicly reported. Investment decisions are ultimately governed by the trustees within the constraints of the Rehabilitation Plan and PBGC oversight.
Does the plan participate in fund commitments or only direct deals?
Confirmed investment activity shows participation in commingled real estate credit funds managed by large institutional alternative asset managers, specifically Blackstone and KKR. There is no public evidence of direct co-investment, separate account mandates, or direct property ownership.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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