# National Retirement Fund National Retirement Fund is a Pension Fund based in White Plains, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** White Plains, United States - **Region:** North America - **Address:** 333 Westchester Ave, White Plains, NY 10604, United States - **Assets under management:** Undisclosed - **Website:** nationalretirementfund.org - **LinkedIn:** https://www.linkedin.com/company/national-retirement-benefit-fund ## Regulatory record - **Reports private funds:** No ## About The National Retirement Fund was established as a multi-employer defined benefit pension plan under ERISA. Its governance reflects a joint labor-management structure: an 18-member board of trustees splits responsibility equally between nine trustees appointed by Workers United and nine selected by contributing employers. Chairperson Lynne Fox also serves as International President of Workers United, embedding the fund deeply within union operations. The participant base exceeds 245,000 individuals, spanning active workers, terminated vested participants, and retirees. Over 450 employers contribute under collective bargaining agreements, primarily from food service, commercial laundry, textiles, distribution, and manufacturing sectors. Investment strategy is executed through an institutional asset-owner framework rather than direct operating investments. The fund maintains a real estate portfolio through vehicles like Local 169 Realty Corporation in New York and ALICO Services Corporation in White Plains. Service agreements create operational ties to Amalgamated Employee Benefits Administrators (AEBA), which handles day-to-day administration including benefit calculations, eligibility tracking, and payment processing. The fund holds common stock in AEBA's parent company, aligning its administrative interests with its investment portfolio. The fund operates from a headquarters in White Plains, New York, with additional presence in Seattle and New York City. Bruce Raynor, a former fund affiliate, served as co-chair of the Council of Institutional Investors. Philanthropic linkages include the Sidney Hillman Foundation, which operates independently from pension assets. No publicly disclosed AUM or deployment figures exist. The fund's structure distinguishes it from single-employer or public pension plans. Its multi-employer trust status means contribution rates are negotiated through collective bargaining, making funding flows directly dependent on labor agreements. Unlike corporate plans that can terminate with PBGC backing, multi-employer plans face distinct insolvency rules. The equal labor-management governance model gives Workers United substantive fiduciary authority over investment policy alongside employer representatives, a structural feature that embeds worker interests at the governance level rather than through external advocacy. ## Sectors - Food Service - Manufacturing - Textiles - Laundry Services - Distribution ## Offices - Seattle, WA - New York, NY ## People - Lynne Fox — Chairperson of the Board - Edgar Romney Sr. — Trustee - Julie Kelly — Trustee ## Questions ### Who runs investment decisions at the National Retirement Fund? The 18-member Board of Trustees holds ultimate fiduciary authority over investment policy. Nine trustees represent Workers United and nine represent contributing employers. The board meets several times per year to review investment strategy, financial reports, and legal matters. Day-to-day administration — including benefit calculations and record-keeping — is delegated to Amalgamated Employee Benefits Administrators, in which the fund holds a common stock position. ### How is the National Retirement Fund governed? Governance follows a joint labor-management model under ERISA. The board splits evenly between union-appointed and employer-appointed trustees who serve without pay. This structure gives Workers United and contributing businesses equal voting power over investments, actuarial assumptions, and plan design. Chairperson Lynne Fox simultaneously leads Workers United as International President, concentrating significant influence at the intersection of labor leadership and fiduciary duty. ### How does the fund relate to Workers United and UNITE HERE? Workers United is the primary union whose members participate in the fund; the union appoints half the board. UNITE HERE is a related labor organization with historical ties to the fund's participant base. Workers United operates as an affiliate of SEIU. The fund's governance explicitly reserves nine trustee seats for Workers United, embedding the union in investment oversight rather than treating it as an external stakeholder. ### Does the National Retirement Fund disclose its assets under management? No. The fund does not publicly disclose AUM or detailed deployment figures. As a private-sector multi-employer ERISA plan, it files Form 5500 annually, which includes limited financial data, but does not proactively publish AUM figures through its website or public statements. ### What real estate assets does the fund hold directly? Two entities are documented: Local 169 Realty Corporation, a commercial property vehicle based in New York, NY, and ALICO Services Corporation in White Plains, NY. The fund holds common stock in the parent company of Amalgamated Employee Benefits Administrators, creating an additional equity holding linked to its third-party administrator. Beyond these disclosed interests, specific real estate allocations or performance figures are not publicly available. ## Related profiles - [National Research Council of Canada Industrial Research Assistance](https://altss.com/profile/national-research-council-of-canada-industrial-research-assistance) - [National Search Fund](https://altss.com/profile/national-search-fund) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/national-retirement-fund Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology