Pension Plan for Employees of HNS Management Co Inc Represented by the ATU

The plan operates under joint trusteeship between HNS Management and the Amalgamated Transit Union — a governance structure typical of Taft-Hartley pension funds where labor and management appoint an equal number of trustees to the board. Those trustees set investment policy and ratify commitments, but the names of individual trustees and any investment staff or consultant are not public record.

HNS Management is the private contractor running CTtransit's Hartford Division, not a state agency. The pension plan covers ATU-represented employees of this private contractor, making it a single-employer plan under ERISA rather than part of the Connecticut State Employees Retirement System. Its asset pool, governance, and benefit formula are negotiated between HNS and the union, not set by the state legislature.

Altss research indicates a fund-of-funds approach across private markets — the plan commits to external private equity and venture capital fund managers rather than taking direct equity stakes or leading co-investment rounds. There is no evidence of a direct-investment or separate-account program.

The private-equity allocation spans the full lifecycle: early-stage seed and startup venture, growth equity, expansion and late-stage, buyout, distressed debt, and special situations. A timber allocation rounds out the private-markets book, providing natural-resource exposure with a long-duration inflation-hedge profile.

The ATU represents the workforce — drivers, mechanics, and other bargaining-unit employees — whose retirement benefits the plan funds. The plan name itself establishes that ATU acts as the employees' representative in the trust structure, consistent with jointly-trusteed plans where the union co-governs investment decisions alongside the employer.