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National Rural Electric Cooperative Association Retirement Plan
The National Rural Electric Cooperative Association Retirement Plan was established to deliver retirement benefits to employees of rural electric cooperatives.
National Rural Electric Cooperative Association Retirement Plan
The National Rural Electric Cooperative Association Retirement Plan was established to deliver retirement benefits to employees of rural electric cooperatives. Jim Matheson leads NRECA as CEO while Corey Amon directs investment strategy and performance. The plan allocates across public equities, hedge funds, commodities, real estate, and infrastructure. Homestead Funds Trust, valued at $8.4 billion, holds positions including JPMorgan Chase, Goldman Sachs, Alphabet, and AbbVie. Geographic exposure centers on the United States with additional allocations to global alternative mandates. Ticket sizes for alternatives range from $50 million to $250 million. The plan employs RE Advisers Corp as its primary investment advisor since 1990. It maintains the NRECA International Foundation, established in 1985, which funds electrification projects in Bolivia, Bangladesh, and Liberia. In March 2024 the plan sponsored NRECA PowerXchange in San Antonio, Texas. Ownership of RE Advisers Corp and RE Investment Corporation provides direct control over mutual fund operations and investment advisory services. This integrated structure separates plan governance from external managers while retaining operational oversight of core vehicles.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Arlington
Corporate office
4301 Wilson Boulevard, Arlington, VA, United States
Principals
Jim Matheson
CEO
Corey Amon
CIO
Jeffrey Connor
COO
Sector focus
Frequently asked questions
Who runs investment decisions at the National Rural Electric Cooperative Association Retirement Plan?
Corey Amon serves as VP of Investment Strategy & Performance and Chief Investment Officer. Jim Matheson acts as CEO of NRECA. Jeffrey Connor holds the COO role.
Does the plan participate in fund commitments or only direct deals?
The plan commits to alternative investment mandates in hedge funds, real estate, and infrastructure. It also maintains full ownership of RE Advisers Corp and Homestead Funds.
What investment stages or horizons does the plan target?
The plan maintains an investment horizon between 10 and 30 years. Alternative investments carry long-term lock-up periods.
Where does the underlying capital originate?
Assets come from contributions by rural electric cooperatives that participate in the multiple-employer 401(k) and Retirement Security Plans.
How is the plan related to Homestead Funds and RE Advisers?
The plan owns RE Advisers Corp through RE Investment Corporation. Homestead Funds Trust, valued at $8.4 billion, operates as the plan's family of mutual funds.
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