# Perini Corporation Pension Plan

Perini Corporation Pension Plan is a Pension Fund based in Sylmar, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sylmar, United States
- **Region:** North America
- **Address:** Sylmar, CA, United States
- **Founded:** 1963
- **Assets under management:** Undisclosed
- **Website:** www.tutorperini.com
- **LinkedIn:** https://www.linkedin.com/company/tutor-perini-corporation

## Regulatory record

- **Reports private funds:** No

## About

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 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. 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.

## Sectors

- Infrastructure
- Real Estate

## People

- Ronald N. Tutor — Chairman and CEO, Tutor Perini Corporation

## 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.

### 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.

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- [Perigon Wealth Management](https://altss.com/profile/perigon-wealth-management)
- [Perion](https://altss.com/profile/perion)

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Last updated: 2026-08-11T02:43:31.692Z

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