# OCU Health and Welfare Trust

OCU Health and Welfare Trust is a Pension Fund based in Covina, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Covina, United States
- **Region:** North America
- **Address:** Covina, CA, United States
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** https://ocutrustfunds.com
- **LinkedIn:** linkedin.com/company/ocu-health-and-welfare-trust

## Regulatory record

- **Reports private funds:** No

## About

The OCU Health and Welfare Trust provides pension plans and benefit programs for California-based employees in the biotech and life science sectors. It offers private health services. The trust serves employees in the PE sector.

## Sectors

- Healthcare Services

## People

- Rex McNamara — Plan Administrator and Principal Officer
- Robert O. Glaza — Trust Contact and Representative
- John Ochs — Trustee/Officer
- Steve Schwab — Trustee/Officer
- Lisa Lynch — Trustee/Officer
- John Fageaux — Trustee/Officer
- Christopher Rapp — Trustee/Officer

## Questions

### Who runs investment decisions at the 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.

### What is the relationship between the OCU Health and Welfare Trust and the OCU Pension Trust?

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.

### How is the OCU Health and Welfare Trust funded?

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.

### Does the trust accept third-party capital or co-invest alongside other institutions?

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.

### Where does the trust's funding ultimately come from?

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.

### How transparent is the OCU Health and Welfare Trust's financial position?

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.

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- [OCIRP](https://altss.com/profile/ocirp)
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Last updated: 2026-06-03T20:00:00.000Z

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