Michiana Area Electrical Workers Pension Fund

Michiana Area Electrical Workers Pension Fund

The Michiana Area Electrical Workers Pension Fund launched in 1972 as a defined-benefit Taft-Hartley multi-employer plan, formed through agreements between IBEW Local 153 and the Northern Indiana Chapter of the National Electrical Contractors Association (NECA). Trustees are split between labor and management — Roger Dosmann of Herrman & Goetz and Eric Grounds serve as chairmen, while Corey Noland of IBEW Local 153 and Kevin Stewart act as secretaries. Participating employers, such as EMCOR Group, contribute to the pooled assets that underwrite retirement, disability, and death benefits for career electrical workers in northern Indiana and southern Michigan. The fund deploys capital across four primary sleeves: private equity through fund-of-funds and buyout strategies, commercial real estate funds, investment-grade debt instruments, and high-yield debt instruments alongside cash equivalents. Geographic exposure sits entirely within the United States. The private equity program emphasizes buyout funds, and the real estate allocation focuses on US commercial properties. No direct co-investment or SPV activity is disclosed. The plan's total assets are estimated at $186M (Altss estimate), but the fund does not publicly disclose its AUM, nor the size of its internal investment team. The board of trustees — comprised of both union and management representatives — governs all investment decisions. No separate investment committee, CIO, or dedicated internal staff is identified. The fund's only public digital presence is a basic informational site at ibew153benefits.org, which houses plan documents rather than performance or allocation detail. Structurally, this is a classic jointly-trusteed plan where fiduciary responsibility is divided between labor and management appointees. The board composition — chairs from both a signatory contractor (Herrman & Goetz) and the union, with NECA and IBEW 153 secretaries — ensures parity governance. Unlike corporate pensions that report through a CFO or risk committee, this fund's oversight lives entirely within the collective-bargaining ecosystem, tying its investment posture directly to the electrical contracting industry's fortunes in the Great Lakes region.