Motion Picture Industry Pension & Health Plans

Investment decisions are made under the authority of a Board of Trustees split evenly between union-appointed and employer-appointed directors. The board governs asset allocation targets, hires third-party investment consultants per public record, and selects external fund managers across asset classes. No single trustee or staff member has unilateral investment authority — all strategic moves require parity approval as mandated by Taft-Hartley governance rules.

MPIPHP is a multi-employer Taft-Hartley plan, not a single-employer corporate pension. Contributions come from more than 400 production companies, studios, and commercial employers at collectively bargained hourly rates. The Plans cover participants across multiple union locals — primarily IATSE, the Editors Guild, and the Animation Guild — each with separate participation agreements. This structure means employer liability is shared across the industry rather than concentrated in one balance sheet.

The Plans source investments almost exclusively through institutional intermediates — fund commitments, separate account mandates, and consultant-driven manager searches. There is no internal direct-deal team. Real estate commitments have included specialist managers like Siguler Guff for distressed opportunities. Growth capital exposure is accessed via commingled funds rather than proprietary deal flow. The Plans prioritize diversification and fiduciary oversight over first-look co-investment rights.

Primary participation comes through IATSE, which represents craftspeople including camera operators, grips, editors, costumers, and technicians. The Motion Picture Editors Guild (IATSE Local 700) and the Animation Guild (IATSE Local 839) also have plan participation agreements. The Producers Guild of America has separately negotiated access to MPIPHP health and pension benefits for qualifying producer members.

The Motion Picture & Television Fund is a related charitable organization that provides wellness services, childcare, assisted living, and retirement housing to entertainment-industry members. While organizationally distinct from the Plans, MPTF serves the same participant base and maintains formal operational ties. It is not an investment vehicle of MPIPHP but a beneficiary-services partner.

Growth capital commitments are made selectively through fund vehicles rather than direct equity co-investments. The Plans have categorized growth capital as a strategy within their portfolio but do not operate a venture arm. Allocations are sized relative to the total Plan corpus and subject to the same fiduciary governance as real estate and public-market investments.

The Plans own their administrative headquarters at 11365 Ventura Boulevard in Studio City — a commercial property that houses benefit processing operations. Beyond the self-owned facility, real estate commitments have included participation in distressed real estate opportunity funds, per public record, selected as part of the broader asset allocation strategy.

Contributions are calculated as an hourly rate negotiated through collective bargaining agreements between the AMPTP and participating unions. Each union local may have a different contribution rate, and those rates are multiplied by the hours worked by covered employees on signatory productions. Contribution volume therefore scales directly with industry production activity rather than Plan investment returns.