# Operating Engineers Local #57

Operating Engineers Local #57 is a Pension Fund based in Johnston, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Johnston, United States
- **Region:** North America
- **Address:** 857 Central Avenue, Johnston, RI 02919, United States
- **Assets under management:** 227 (Altss estimate)
- **LinkedIn:** linkedin.com/company/operating-engineers-local-57

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Infrastructure

## People

- James J. White — Business Manager and President; Co-Chairman of the Board of Trustees
- Michael A. Gammino III — Co-Chairman of the Board of Trustees
- Antonio B. Cardi — Employer Trustee
- Steven M. Rogers — Secretary-Treasurer and Union Trustee
- Shawn A. Houlihan — Fund Administrator

## Questions

### Who runs investment decisions at Operating Engineers Local #57?

James J. White as Business Manager and President shares oversight with employer and union trustees including Michael A. Gammino III and Antonio B. Cardi.

### What asset classes does the fund use?

The plan invests in secondaries and short-term investment funds, supplemented by direct ownership of two commercial properties in Johnston, Rhode Island.

### How is the fund governed?

A joint board of trustees with equal representation from the union and employer associations such as the Construction Employers Association sets policy.

### Where does the underlying capital originate?

Contributions arrive through collective bargaining agreements covering operating engineers employed by contractors in Rhode Island.

### Does the fund maintain separate vehicles for health and annuity benefits?

Yes. Shawn A. Houlihan administers the Pension, Health & Welfare, and Annuity funds alongside the core defined-benefit plan.

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- [Homaer Financial](https://altss.com/profile/homaer-financial)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/operating-engineers-local-57

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology