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Minneapolis Retail Meat Cutters & Food Handlers Pension Fund
Matthew Utecht chairs the Minneapolis Retail Meat Cutters & Food Handlers Pension Fund, a union pension with private equity and real estate holdings.
Minneapolis Retail Meat Cutters & Food Handlers Pension Fund
The Minneapolis Retail Meat Cutters & Food Handlers Pension Fund (MRMC) was established through collective bargaining with UFCW Local 663, a union representing workers in retail meat and food processing. The fund's board, chaired by Matthew Utecht, oversees the collection and deployment of contributions from employers including United Natural Foods Inc (UNFI) and former Supervalu operations. The fund maintains a diversified investment approach, holding positions in private equity partnerships and real estate. Among its real estate holdings are parcels in Eden Prairie, Minnesota. The pension's strategy emphasizes long-term capital appreciation to meet defined-benefit obligations to its participants. MRMC operates with a lean administrative structure, with no publicly listed investment team size or additional offices. The fund is associated with UFCW Local 663 and the broader UFCW professional network. No recent operational events beyond standard pension activities were publicly documented. The fund's structural differentiator is its industry-specific union origin—it serves a narrow trade group, which concentrates risk but also aligns the fund's health directly with the performance of local food retail and distribution employers. This contrasts with broader multi-employer plans.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Bloomington
Corporate office
Bloomington, United States
Principals
Matthew Utecht
Chairman of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at the Minneapolis Retail Meat Cutters & Food Handlers Pension Fund?
The fund is overseen by a Board of Trustees, chaired by Matthew Utecht, who also serves as President of UFCW Local 663 (public record). Investment decisions are made by the board, which likely delegates asset allocation to external managers for its private equity and real estate partnerships.
How is the fund related to UFCW Local 663?
The fund was established through collective bargaining with UFCW Local 663 (formerly Local 653), which represents the participating workers. Matthew Utecht, as chair, leads both the fund's board and the local union, creating a direct governance link.
Does the fund only invest in private equity and real estate?
Yes, based on available public records, the fund's known holdings include private equity partnerships and real estate parcels in Eden Prairie, Minnesota. It may also maintain other asset classes like fixed income, but those were not disclosed.
Which employers contribute to the pension fund?
Contributing employers include United Natural Foods Inc (UNFI) and former Supervalu operations, which employ meat cutters and food handlers under UFCW contracts. These contributions fund the defined-benefit plan.
What is the fund's geographic focus?
The fund serves the Minneapolis retail meat and food handler industry, centered in Minnesota. Its real estate holdings are also in the state, suggesting a regional investment bias.
Is the fund open to new participants from other unions?
No, the fund is a single-employer or multi-employer pension plan specific to meat cutters and food handlers under UFCW Local 663. Its membership is tied to that union's jurisdiction.
How does the fund manage beneficiary payouts?
As a defined-benefit pension, the fund pays retirees a predetermined monthly benefit based on years of service and earnings. Investment returns from private equity and real estate help support these liabilities.
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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