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Perini Corporation Pension Plan
The Perini Corporation Pension Plan is a noncontributory, defined-benefit plan administered in connection with Tutor Perini Corporation, the publicly traded...
Perini Corporation Pension Plan
The Perini Corporation Pension Plan is a noncontributory, defined-benefit plan administered in connection with Tutor Perini Corporation, the publicly traded civil, building, and specialty construction firm with more than a century of operating history. Ronald N. Tutor, Chairman and CEO, sits at the top of the corporate structure that oversees the plan, alongside Lead Independent Director Michael R. Klein and President Robert Band — both of whom serve on the Compensation Committee with pension oversight duties. Raymond R. Oneglia, Vice Chairman of O&G Industries, also holds a committee seat. The pension portfolio's construction-defensive posture surfaces in the parent company's project book: civil infrastructure (the $1.4B SR 99 Tunnel in Seattle, the $1.2B Third Street Light Rail Central Subway in San Francisco), large-scale building (Hudson Yards, the $6.4B CityCenter Las Vegas), and specialty contracting across US urban markets. The asset allocation is not publicly disclosed, but the plan's liability profile suggests a heavy weighting toward fixed-income instruments calibrated to union wage-replacement obligations and multiemployer reciprocity norms, complemented by alternatives and potential direct real estate exposure through the parent's development pipeline. The plan operates from Sylmar, California, without separate investment staff visibility. Governance runs through the corporate board, with Klein and Oneglia on the Compensation Committee providing oversight. Ronald Tutor's external ties include a seat on the USC Board of Trustees; Director Stephen Lieber's Urban Land Institute Secretary and Trustee role signals a real-asset network relevant to the plan's home-market orientation. The plan's size and deployment figures remain undisclosed. Its structural differentiator is its tight coupling to an active construction enterprise. Rather than insulating assets in a diversified fund-of-funds structure, the plan's fortunes are bound to the credit quality and project backlog of a single operating company — a posture more common among old-line industrial pension plans than modern institutional allocators. This link means plan health is directly exposed to Tutor Perini's project execution, bonding capacity, and the US infrastructure spending cycle.
General information
Firm type
Pension Fund
Year founded
1963
Location
Region
North America
Country
United States
City
Sylmar
Corporate office
Sylmar, CA, United States
Principals
Ronald N. Tutor
Chairman and CEO, Tutor Perini Corporation
Altss tracks 3 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who oversees investment decisions for the Perini Corporation Pension Plan?
The Tutor Perini Corporation board provides governance through its Compensation Committee, which includes Lead Independent Director Michael R. Klein and Director Raymond R. Oneglia. Ronald N. Tutor, as Chairman and CEO, holds ultimate influence over corporate treasury and pension-related decisions. No dedicated internal investment office or CIO is identified.
Is the pension plan's asset allocation publicly available?
No. The plan does not publish a breakdown of its asset allocation, and Tutor Perini's corporate disclosures are not detailed at the pension level. Given its defined-benefit structure, institutional allocators can infer a conventional liability-driven mix with a probable emphasis on fixed income and, potentially, direct real estate held through the parent's construction and development activities.
How does the plan's connection to Tutor Perini influence its investment posture?
The plan operates inside a single operating company, so its funding health is directly linked to Tutor Perini's project execution, bonding capacity, and cash flow from heavy-civil contracts. This is different from plans that have been separated from their corporate sponsors or pooled into multiemployer funds, making the plan's risk profile a close reflection of the construction cycle and US infrastructure spending.
What is the size of the Perini Corporation Pension Plan?
The plan has not publicly disclosed its asset size or total deployment. No credible source — including Tutor Perini's public filings — provides a specific AUM or liability figure for the pension vehicle.
Does the plan maintain any philanthropic or separate investment structures?
Corporate philanthropy runs separately through Ronald N. Tutor's personal board involvement (USC Board of Trustees) and through employee-linked giving. No dedicated foundation or donor-advised fund sits inside the pension plan. References to Gun Violence Archive and Sunlight Foundation suggest personal or corporate contributions unrelated to plan assets.
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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