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National Roofing Industry Pension Fund
The National Roofing Industry Pension Fund was established in 1966 as the National Roofing Industry Pension Plan, with a supplemental plan added later.
National Roofing Industry Pension Fund
The National Roofing Industry Pension Fund was established in 1966 as the National Roofing Industry Pension Plan, with a supplemental plan added later. Kinsey Robinson, now International President Emeritus, shaped the fund during his tenure as a trustee for the United Union of Roofers, Waterproofers & Allied Workers, which sponsors the plan. The fund provides defined-benefit retirement security for union roofers, drawing contributions from signatory contractors under collective bargaining agreements. The fund allocates predominantly to real estate and fixed income, channeling commitments through the AFL-CIO Investment Trust program. Real asset holdings include the 888 San Mateo Apartments in San Mateo, California, the Dublin Corporate Center in Dublin, California, and two Washington, DC properties — Portner Flats and the Executive Building. The fund also holds positions in the AFL-CIO Building Investment Trust and the AFL-CIO Housing Investment Trust. This centralized trust structure is characteristic of Taft-Hartley plans, which pool capital from multiple local union plans to access institutional real estate and infrastructure at scale. The fund operates from Bloomington, Minnesota, with James A. Hadel and Mitchell Terhaar serving as trustees alongside their union leadership roles. Professional network affiliations include the AFL-CIO, North America's Building Trades Unions, and Helmets to Hardhats, a program connecting military veterans to construction careers. May 2026: The fund's AUM is estimated at roughly $134 million based on available public record and structural comparables to peer Taft-Hartley plans of similar participant size (Altss estimate). A defining structural feature is the fund's complete integration with the AFL-CIO's collective investment architecture. Unlike corporate pension plans that build internal investment teams, the National Roofing Industry Pension Fund outsources asset management to the AFL-CIO's trust platform, a model that reduces administrative overhead but limits the fund's ability to customize strategy or pursue direct co-investments outside that vehicle set. This makes the fund's return profile substantially correlated with the AFL-CIO trust portfolios rather than reflecting independent investment-committee decision-making.
General information
Firm type
Pension Fund
Year founded
1966
Location
Region
North America
Country
United States
City
Bloomington
Corporate office
Bloomington, MN, United States
Principals
James A. Hadel
International President and Trustee
Mitchell Terhaar
International Secretary-Treasurer and Trustee
Kinsey Robinson
International President Emeritus and former Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at the National Roofing Industry Pension Fund?
The fund is governed by a board of trustees drawn from the United Union of Roofers, Waterproofers & Allied Workers. James A. Hadel, International President, and Mitchell Terhaar, International Secretary-Treasurer, serve as trustees. Investment management is outsourced to the AFL-CIO Investment Trust program, meaning the trustees oversee allocation policy while the AFL-CIO trust managers execute individual real estate and fixed-income investments.
How does the fund source its real estate investments?
The fund invests through the AFL-CIO Building Investment Trust and AFL-CIO Housing Investment Trust, which pool capital from multiple Taft-Hartley plans to acquire and develop commercial and residential properties. Known direct holdings include 888 San Mateo Apartments in San Mateo, California, Dublin Corporate Center in Dublin, California, and two Washington, DC properties — Portner Flats and the Executive Building.
Is the National Roofing Industry Pension Fund a single plan or multiple plans?
The fund consists of two plans: the National Roofing Industry Pension Plan, established in 1966, and the National Roofing Industry Supplemental Pension Plan. Together they cover approximately 75% of union roofers in the United States, with contributions mandated under collective bargaining agreements with signatory roofing contractors.
Does the fund make direct investments or only fund commitments?
The fund's primary investment vehicle is the AFL-CIO Investment Trust program, which functions as a pooled fund-of-funds structure for real estate and fixed income. While the fund holds identifiable individual properties, those were acquired through the AFL-CIO trust platform rather than through direct, independent deal sourcing by the fund's trustees.
What is the fund's relationship with the AFL-CIO?
The National Roofing Industry Pension Fund participates in the AFL-CIO Investment Trust Program, which serves as the primary investment platform for the fund's real estate and index investments. The United Union of Roofers, the fund's sponsoring labor organization, is itself affiliated with the AFL-CIO. The fund also belongs to the AFL-CIO's professional network.
What philanthropic or ancillary structures does the fund maintain?
The fund supports several related entities, including the Burial Benefit Fund, the Roofers and Waterproofers Research and Education Joint Trust Fund, and the Roofers Political Education and Legislative Fund. These are separate from the pension assets and serve member welfare, training, and advocacy purposes respectively.
How large is the National Roofing Industry Pension Fund?
The fund does not publicly disclose its assets under management. Based on available public record and structural comparables to peer Taft-Hartley plans covering similar participant populations, Altss estimates the fund holds roughly $134 million in total assets. This figure has not been confirmed by the fund.
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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