Minneapolis Retail Meat Cutters and Food Handlers Fringe Funds

Minneapolis Retail Meat Cutters and Food Handlers Fringe Funds

The Minneapolis Retail Meat Cutters and Food Handlers Fringe Funds was created in 1960 through collective bargaining between UFCW Local 663 and contributing employers in the Minneapolis retail food sector. Matthew Utecht, president of the local, serves as board chairman alongside employer trustees from firms such as Lund Food Holdings and UNFI. The plan remains jointly administered and covers active and retired meat cutters and food handlers. Investment allocations include a 6.5 percent target to private equity executed through fund commitments and limited partnerships. Confirmed holdings encompass positions in Hamilton Lane, TPG Angelo Gordon, Tennenbaum Capital Partners, and Crescent Capital Group vehicles. Real estate exposure occurs via commingled partnerships valued on NAV. Public equity and fixed income sit in collective trusts managed by State Street Global Advisors and JPMorgan. Geographic reach centers on U.S. markets with some international equity through commingled vehicles. The fund reports 631 million dollars in assets. Wilson-McShane Corporation has served as plan administrator since inception. Additional service providers include Legacy Professionals for audit and counsel, Segal Consulting for actuarial work, and multiple insurance carriers for ancillary benefits. No new office locations or staff expansions have been recorded in the past 24 months. Governance follows a joint board structure mandated by multiemployer plan rules, with trustees drawn equally from the union and contributing employers. This architecture ties investment policy directly to ongoing collective bargaining outcomes rather than a single-family mandate or external asset manager platform.