OCU Health and Welfare Trust

The trust is governed by a joint board of trustees with equal representation from ILWU Local 63 and contributing employers. The board sets investment policy and selects managers. Plan Administrator Rex McNamara handles day-to-day administration. Specific investment consultants or outsourced chief investment officer relationships, if any, are not publicly disclosed.

Both trusts serve the same member base — clerical workers represented by ILWU Local 63. The Health and Welfare Trust provides medical, dental, vision, and other welfare benefits, while the OCU Pension Trust handles retirement benefits. They are separate legal entities with distinct funding, governance, and investment portfolios, though they share overlapping trustee representation.

Contributions are made by participating employers under the terms of collective bargaining agreements with ILWU Local 63. Contribution rates are negotiated and specified in the labor contracts. As a Taft-Hartley multi-employer plan, no single employer controls the trust — assets are held for the exclusive benefit of participating workers and their dependents.

The trust's specific asset allocation is not publicly disclosed beyond what appears in Department of Labor Form 5500 filings. Welfare trusts typically maintain significant liquidity to meet ongoing benefit claims and often hold portfolios weighted toward fixed income, short-duration instruments, and conservative equity mandates. The OCU Pension Trust's allocation may be more growth-oriented given its longer liability horizon.

No. As a Taft-Hartley welfare trust, it is funded exclusively by employer contributions under collective bargaining agreements. It does not accept outside investor capital, nor does it operate as an investment manager for other entities. Its entire asset base is committed to providing benefits for ILWU Local 63 members.

The economic source is the maritime and logistics employers who contribute under ILWU Local 63 agreements. These contributions are negotiated as part of total compensation for office clerical workers at ports and related facilities along the US West Coast. The trust itself has no wealth-origin story in the family-office sense — it is a pooled, collectively bargained welfare vehicle.

Transparency is governed by ERISA and the Labor Management Relations Act. The trust files annual Form 5500 returns with the Department of Labor, which are publicly available. These filings include financial statements, service provider relationships, and participant counts. The trust does not publish investor letters or maintain a public-facing investment website.