# Operating Engineers Trust Fund Office

Operating Engineers Trust Fund Office is a Pension Fund based in Alameda, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Alameda, United States
- **Region:** North America
- **Address:** 1141 Harbor Bay Parkway Suite 100, Alameda, CA 94502, United States
- **Founded:** 1959
- **Assets under management:** Undisclosed
- **Website:** oe3trustfunds.org

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Dan Reding — Business Manager and Trustee
- Steve Ingersoll — President and Trustee
- Dave Harrison — Recording-Corresponding Secretary and Trustee

## 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.

### 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.

### 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.

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Last updated: 2026-06-03T20:00:00.000Z

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