# Minneapolis Retail Meat Cutters & Food Handlers Pension Fund

Minneapolis Retail Meat Cutters & Food Handlers Pension Fund is a Pension Fund based in Bloomington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Bloomington, United States
- **Region:** North America
- **Address:** Bloomington, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Private Equity
- Real Estate

## People

- Matthew Utecht — Chairman of the Board of Trustees

## Questions

### 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.

### 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.

### 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.

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Last updated: 2026-06-03T20:00:00.000Z

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