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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.
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. The fund is distinct from the National Electrical Benefit Fund and the IBEW International Pension, and also maintains a connection to Vanguard, likely for record-keeping or investment-administration purposes. 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 sole visible operational detail is a listing alongside other IBEW-affiliated benefits — Local 313 Pension, NEBF, IBEW International Pension, and Vanguard — on the local union's website, suggesting administrative coordination rather than consolidation. The Plan does not appear to have public-facing investment reports, third-party performance comparisons, or a separate web presence beyond a dedicated pension subsection on the local union site. 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. For an external capital partner, this means the Plan operates as a small, interlocking piece of a larger fiduciary machinery — one that likely delegates investment discretion and values stability and steady retirement disbursements over aggressive mandate innovation.
General information
Firm type
Pension Fund
Year founded
1968
Location
Region
North America
Country
United States
City
Pittsburgh
Corporate office
Pittsburgh, DE, United States
Frequently asked questions
How does the NECA Local Union No 313 IBEW Pension Plan differ from the National Electrical Benefit Fund or the IBEW International Pension?
The Local 313 Plan is a separate trust fund established through collective bargaining between IBEW Local 313 and contributing employers in Delaware. The NEBF is a national defined-contribution plan for IBEW members, and the IBEW International Pension is another supplementary benefit. Each has its own trustees, funding sources, and benefit formulas. The Local 313 Plan's website lists all three as distinct retirement resources, implying members may participate in multiple plans depending on their work classification and hours.
Who makes investment decisions for the Plan?
Public sources do not name specific trustees or an investment committee. As a Taft-Hartley multiemployer plan, governance is shared equally by union-appointed and employer-appointed trustees, who are jointly liable under ERISA standards. The Plan's fund-of-funds structure likely means most asset-allocation and manager-selection decisions are made by this board with advice from an unnamed investment consultant or fiduciary adviser.
What role does Vanguard play in the Plan?
The local union's pension page lists Vanguard alongside the Local 313 Pension, NEBF, and IBEW International Pension as a retirement resource. This likely indicates Vanguard serves as a record-keeper, third-party administrator, or investment platform for participant-directed accounts — but the Plan does not disclose whether Vanguard manages any of its commingled trust assets or simply provides participant services.
Does the Plan make direct investments or only fund commitments?
Altss research indicates the Plan's strategy is exclusively fund-of-funds. No direct deals, co-investments, or separate accounts are publicly referenced. This structure limits the Plan's ability to engage with direct managers or GPs directly, placing it one step removed from underlying portfolio-company decisions — a common posture for smaller multiemployer plans seeking diversification without the overhead of an internal investment team.
Is there any way to see the Plan's asset allocation or external managers?
The Plan does not publish investment policies, actuarial reports, or manager names on its website or in accessible public filings. Most multiemployer plans of this size simply summarize assets in their annual Form 5500 filings, which were not directly reviewed for this profile. Without that filing, the specific mix of equity, fixed-income, real estate, and alternative fund exposures remains undisclosed.
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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