# Plymouth Retirement System

Plymouth Retirement System is a Pension Fund based in Plymouth, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Plymouth, United States
- **Region:** North America
- **Address:** 212 South Meadow Road Unit 3 Plymouth, MA 02360
- **Assets under management:** 284 (Altss estimate)
- **Website:** plymouthretirement.com
- **LinkedIn:** https://plymouthretirement.com/

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Private Equity
- Real Estate
- Hedge Funds

## People

- Thomas M. Kelley — Chairperson of the Plymouth Retirement Board
- Wendy Cherry — Board Administrator

## 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.

### 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.

## Related profiles

- [Signify Wealth](https://altss.com/profile/signify-wealth-llc)
- [Sumitomo Riko Pension Fund](https://altss.com/profile/sumitomo-riko-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/plymouth-retirement-system

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