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Operating Engineers Trust Fund Office
The Operating Engineers Trust Fund Office was established in 1959 to manage retirement benefits for members of Operating Engineers Local 3. The plan operates...
Operating Engineers Trust Fund Office
The Operating Engineers Trust Fund Office was established in 1959 to manage retirement benefits for members of Operating Engineers Local 3. The plan operates as a multiemployer defined-benefit vehicle tied directly to the union's workforce in construction and related trades. The fund allocates across public equities, private equity at 5.45 percent, real estate, and infrastructure. Confirmed holdings include positions through McMorgan Infrastructure Fund and real estate assets such as 600 National Avenue in Mountain View financed via mezzanine debt and land in Riverside. Geographic exposure centers on the western United States with additional international equity holdings. Assets under management reached $4.992 billion as of the latest internal record. The organization maintains a headquarters in Alameda and operates district offices in Concord, Hawaii, and Nevada. It participates in the OE3 Semi-Annual Event in September 2024 and the NABTU Legislative Conference in April 2025. Adjacent vehicles include the Operating Engineers Local 3 Scholarship Foundation and the Community Service Fund. The fund's structure links investment decisions to the International Union of Operating Engineers Local 3 through trustee oversight and service providers such as McMorgan & Company and Zenith American Solutions. This creates a direct governance tie between benefit administration and capital deployment.
General information
Firm type
Pension Fund
Year founded
1959
Location
Region
North America
Country
United States
City
Alameda
Corporate office
1141 Harbor Bay Parkway Suite 100, Alameda, CA 94502, United States
Principals
Dan Reding
Business Manager and Trustee
Steve Ingersoll
President and Trustee
Dave Harrison
Recording-Corresponding Secretary and Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at Operating Engineers Trust Fund Office?
Trustees including Dan Reding, Steve Ingersoll, and Dave Harrison oversee the plan alongside service providers McMorgan & Company for investment advice and Zenith American Solutions for administration.
Does Operating Engineers Trust Fund Office participate in fund commitments or only direct deals?
The fund commits to vehicles such as McMorgan Infrastructure Fund and maintains direct real estate holdings including land in Riverside and a minority interest in 600 National Avenue.
What asset classes does Operating Engineers Trust Fund Office hold?
Holdings include domestic and international public equities, private equity at 5.45 percent, real estate, and infrastructure assets.
Where does the underlying wealth come from?
Contributions come from employers under collective bargaining agreements covering Operating Engineers Local 3 members in construction and related industries.
How is Operating Engineers Trust Fund Office related to Local 3?
The pension trust was established for the benefit of Local 3 members, with trustees drawn from union leadership and a direct business-partner relationship to the International Union of Operating Engineers Local 3.
Does Operating Engineers Trust Fund Office maintain philanthropic structures?
Yes. It supports the Operating Engineers Local 3 Scholarship Foundation and the Community Service Fund, which provide education awards and disaster relief.
What geographic regions does the plan cover?
Benefits and investments focus on California, Hawaii, Nevada, and Utah, with additional public equity exposure on global exchanges.
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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