# Pension Plan of Children's Hospital Medical Center of Akron Pension Plan of Children's Hospital Medical Center of Akron is a Pension Fund based in Akron, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Akron, United States - **Region:** North America - **Address:** Akron, OH, United States - **Founded:** 1890 - **Assets under management:** Undisclosed - **Website:** www.akronchildrens.org - **LinkedIn:** https://www.linkedin.com/company/akron-childrens ## Regulatory record - **Reports private funds:** No ## About The Pension Plan of Children's Hospital Medical Center of Akron traces its lineage to 1890, when the pediatric hospital was founded in Akron, Ohio. It operates as a defined-benefit plan for the hospital's employees, providing monthly retirement benefits calculated on years of service and compensation. Governance falls under the hospital's executive leadership, with President and CEO Grace Wakulchik and CFO John L. Zockle overseeing the institution's financial operations, including its pension obligations. The plan's investment strategy relies on external institutional managers for core public-market exposures. Commingled trust funds from JPMorgan Chase and Fisher Investments form the foundation of the equity allocation, while the Brandywine Collective Investment Trust provides additional diversification. On the private side, the plan holds a portfolio of directly owned real estate assets through a series of single-purpose Ohio LLCs — including 1370 Standard Building in Cleveland, 1366-1368 Indianola in Columbus, and the mixed-use FIDC III development — as well as residential holdings like Devon Glen of Clark County. These properties span commercial, residential, and mixed-use segments across multiple Ohio markets. The pension plan's reported real estate investment footprint includes at least six distinct LLCs with assets in Akron, Cleveland, Columbus, and Clark County. Philanthropic activity is channeled through the separately incorporated Akron Children's Hospital Foundation, which coordinates with corporate partners including The J.M. Smucker Company on literacy programs and Ronald McDonald House Charities on a campus facility. The hospital co-owns the Akron Physician Wellness Initiative with Summa Health. What distinguishes this plan from a typical single-employer pension is its direct ownership of a geographically concentrated real estate portfolio alongside its commingled fund commitments — a dual structure that embeds Ohio-centric property risk within a framework otherwise reliant on large institutional managers. The hospital's long operating history and its role as a regional pediatric anchor in Northeast Ohio provide a stable employer base, though the plan does not publicly disclose funded status or asset totals, keeping its specific financial posture opaque to outside observers. ## Sectors - Healthcare Services - Real Estate ## People - Grace Wakulchik — President & CEO, Akron Children's Hospital - John L. Zockle — Chief Financial Officer, Akron Children's Hospital ## Questions ### Who oversees investment decisions for the Akron Children's pension plan? Investment governance ultimately falls under the hospital's executive leadership, including CEO Grace Wakulchik and CFO John L. Zockle. Day-to-day investment management is delegated to external institutional managers — JPMorgan Chase, Fisher Investments, and Brandywine Global Investment Management — through their commingled trust fund vehicles. The plan does not appear to employ a dedicated internal investment team or disclose a named chief investment officer. ### What is the plan's approach to real estate investment? The plan maintains a portfolio of directly owned Ohio real estate through single-purpose LLCs. Holdings include commercial properties in Cleveland (1370 Standard Building) and Columbus (1366-1368 Indianola, SKS Investments Lyra Columbus), mixed-use assets through FIDC III LLC, and residential property via Devon Glen of Clark County LLC. These are held alongside commingled fund commitments rather than through a separate real estate manager. ### Does the plan publicly disclose its funded status or total assets? No. The Pension Plan of Children's Hospital Medical Center of Akron does not publicly report its total assets under management, funded ratio, or annual contribution levels. As a private corporate pension plan, it is not subject to the same transparency requirements as public-sector plans, and the hospital's financial reporting does not break out pension-specific metrics. ### How is the pension plan related to Akron Children's Hospital Foundation? The Akron Children's Hospital Foundation is a separately incorporated philanthropic entity that supports the hospital's mission through fundraising and community partnerships — including the Smucker's Berry Good Reading Program and a Ronald McDonald House facility on the Akron campus. The foundation is distinct from the pension plan, which serves exclusively as an employee retirement benefit vehicle. ### What external managers are known to run the plan's public-market portfolios? Public records show the plan holds positions in commingled trust funds managed by JPMorgan Chase, Fisher Investments, and Brandywine Global Investment Management. JPMorgan Chase Commingled Pension Trust Funds are held through the bank's New York-based institutional platform, Fisher Investments manages an institutional group stock fund from Camas, Washington, and Brandywine operates a collective investment trust out of Philadelphia. ## Related profiles - [Pension Plan for Employees of Spaenaur Inc.](https://altss.com/profile/pension-plan-for-employees-of-spaenaur-inc) - [Pension Plan of Circle Health](https://altss.com/profile/pension-plan-of-circle-health) --- Last updated: 2026-07-06T00:37:05.855Z Canonical page: https://altss.com/profile/pension-plan-of-children-s-hospital-medical-center-of-akron Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology