Updated:
Mo-Kan Iron Workers Pension Plan
The Mo-Kan Iron Workers Pension Plan operates as a Taft-Hartley multiemployer defined-benefit fund, established to provide retirement income for union...
Mo-Kan Iron Workers Pension Plan
The Mo-Kan Iron Workers Pension Plan operates as a Taft-Hartley multiemployer defined-benefit fund, established to provide retirement income for union ironworkers throughout Missouri and Kansas. John S. Modlin serves as Executive Director, overseeing day-to-day administration alongside a board of trustees chaired by John J. Phillips. The plan's assets are built from contributions negotiated through collective bargaining agreements with regional contractors, creating a shared retirement pool that follows participants across employers. The plan maintains a conservative asset allocation consistent with its fiduciary obligations under ERISA. While specific portfolio holdings remain private, multiemployer pension plans of this scale typically allocate across domestic public equities, investment-grade fixed income, commercial real estate, and limited allocations to private markets vehicles. The fund participates in the Ironworker Management Progressive Action Cooperative Trust (IMPACT), a labor-management partnership that shapes workforce development and investment policy across the ironworker union network nationally. The Mo-Kan plan shares administrative oversight and addresses with two related employee benefit vehicles — the Mo-Kan Iron Workers Annuity Plan and the Mo-Kan Iron Workers Welfare Fund — forming a coordinated benefits ecosystem for participating members. The plans operate from a single administrative office in Kansas City, Missouri, spanning the geographic jurisdiction that covers western Missouri and Kansas construction markets. The plan's structural differentiator is its multiemployer architecture: no single employer bears the full liability, and the fund's investment posture reflects the shared-risk, long-duration nature of its promised benefits. This creates a governance model where labor and management trustees jointly oversee asset allocation, a departure from single-sponsor corporate plans where the employer unilaterally controls investment policy.
General information
Firm type
Pension Fund
Year founded
1970
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Kansas City
Corporate office
Kansas City, Missouri, United States
Principals
John J. Phillips
Chairman of the Board of Trustees
John S. Modlin
Executive Director
Frequently asked questions
Who oversees investment decisions at the Mo-Kan Iron Workers Pension Plan?
A board of trustees, chaired by John J. Phillips, jointly governs the plan alongside Executive Director John S. Modlin. The board includes both union and management representatives, consistent with Taft-Hartley multiemployer plan governance requirements. Specific investment committee members or external consultant relationships are not publicly disclosed.
How is this pension plan structured differently from a corporate pension?
The plan is a Taft-Hartley multiemployer fund, meaning multiple contributing employers — typically regional ironworking contractors — make contributions under collective bargaining agreements. Benefits follow the worker across employers, and no single sponsoring company bears the full funding liability. This shared architecture requires joint labor-management board oversight rather than unilateral corporate control.
What is the plan's relationship to the Iron Workers union?
The plan covers members of the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers union in the Missouri-Kansas jurisdiction. It participates in IMPACT, the ironworker union's national labor-management cooperative trust, which coordinates workforce training and investment policy across regional plans and local unions.
Does the plan work with external investment consultants or OCIOs?
Specific consultant or outsourced chief investment officer relationships are not publicly disclosed. Multiemployer plans of this profile frequently engage institutional investment consultants for asset allocation guidance, manager selection, and actuarial coordination, but no named provider relationship has been confirmed for this plan.
How is the plan's funded status reported?
As an ERISA-governed defined-benefit plan, the Mo-Kan plan files annual Form 5500 reports with the Department of Labor disclosing assets, liabilities, and funded ratios. Those public filings provide the primary window into the plan's financial health, though specific recent funded-status percentages require direct retrieval from the latest filing.
What other benefit plans operate alongside the pension fund?
Two related plans share the same Kansas City administrative address: the Mo-Kan Iron Workers Annuity Plan and the Mo-Kan Iron Workers Welfare Fund. The annuity plan provides supplemental retirement savings, while the welfare fund covers health and other benefits for participating members and their families.
Which geographic region does the plan cover?
The plan serves ironworkers in the Missouri-Kansas jurisdiction, primarily western Missouri and Kansas, administered from a single office in Kansas City. This regional scope reflects the collective bargaining territory negotiated between local ironworker union affiliates and signatory contractors.
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.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: