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Plymouth Retirement System
The Plymouth Retirement System was established to administer benefits and invest assets for town and housing authority employees. Thomas M. Kelley serves as...
Plymouth Retirement System
The Plymouth Retirement System was established to administer benefits and invest assets for town and housing authority employees. Thomas M. Kelley serves as board chair. Wendy Cherry acts as board administrator. The system targets a 12.5 percent allocation to private equity and holds 13.51 percent currently. Confirmed positions include PRIT Private Equity Fund, PRIT Real Estate Fund, PRIT Hedge Funds, PRIT Timberland and Babson Floating Rate Income Fund. Geographic exposure centers on the United States with additional global private equity and hedge fund commitments through Mass PRIM. The board retains Fiducient Advisors as investment consultant and Northern Trust as custodian. It participates in the Massachusetts Association of Contributory Retirement Systems. Boston Trust Small Cap Core Fund was retained as a manager in 2024. The system operates under oversight from the Public Employee Retirement Administration Commission and channels the majority of assets through the PRIM-managed PRIT fund rather than direct external mandates.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Plymouth
Corporate office
212 South Meadow Road Unit 3 Plymouth, MA 02360
Principals
Thomas M. Kelley
Chairperson of the Plymouth Retirement Board
Wendy Cherry
Board Administrator
Sector focus
Frequently asked questions
Who runs investment decisions at Plymouth Retirement System?
Thomas M. Kelley chairs the Plymouth Retirement Board. The board sets policy and selects external managers through the PRIT platform.
Does Plymouth Retirement System participate in fund commitments or only direct deals?
The system invests almost exclusively through the PRIT fund managed by Mass PRIM. It holds limited partner interests in PRIT private equity, real estate and hedge fund vehicles.
What investment stages does Plymouth Retirement System typically target?
The system targets mature private equity and real estate funds via PRIT vintage-year programs. It maintains no direct early-stage or venture allocation.
Where does the underlying wealth come from?
Assets derive from employer and employee contributions to the contributory retirement plan for Town of Plymouth and Housing Authority employees.
How is Plymouth Retirement System related to the Town of Plymouth?
The town is the plan sponsor. The retirement system remains a legally separate entity governed by its own board under state statute.
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