NECA Local Union No 313 IBEW Pension Plan

NECA Local Union No 313 IBEW Pension Plan

The Pension Plan is one of several retirement benefits available to members of IBEW Local 313, a union representing electricians in Delaware. Its member-facing website sits alongside a separate local credit union, a healthcare plan, and an apprenticeship program — a dense ecosystem of labor-capital supports built over decades. The Plan's investment approach is entirely fund-of-funds, channeling assets through external managers rather than building direct portfolio-company exposure. No asset-class breakdown, manager roster, or target allocation appears in public materials. The stewardhip model is the classic Taft-Hartley joint board — an equal number of union and employer trustees — which tends to produce consensus-driven, risk-averse portfolio construction. Without disclosure of underlying fund names, the exact deployment pattern remains opaque, though the structure implies broad diversification across traditional and alternative fund categories common to union pension plans. No total AUM, professional headcount, or named investment committee member is publicly disclosed by the Plan. The Plan's structural differentiator is its embeddedness in a multi-layered labor-capital network: a local credit union for members, an in-house Member Assistance Program, and a direct line to the international union's pension and the NEBF.