Operating Engineers Local #57

Operating Engineers Local #57

Operating Engineers Local #57 operates as a union defined-benefit pension plan. James J. White holds the role of Business Manager and President while serving as Co-Chairman of the Board of Trustees. The plan receives contributions under collective bargaining agreements with employer groups including the Associated General Contractors of America Rhode Island Chapter. The fund allocates across secondaries and short-term investment vehicles. Holdings include commercial real estate at 857 and 873 Central Avenue in Johnston. Geographic exposure centers on Rhode Island with secondary activity that can extend nationally. Co-investor relationships remain limited to participating employers and the Rhode Island Building Trades Council. The plan lists 227 million dollars under management per internal research estimates. Shawn A. Houlihan serves as Fund Administrator for the pension, health, and annuity vehicles. No public announcements of new commitments or leadership changes have appeared in the last 24 months. Governance follows a joint board structure with equal union and employer trustees, a model required by Taft-Hartley rules for multiemployer plans.