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Roofers Local 149 Pension Fund
The fund operates as the pension vehicle for the United Union of Roofers, Waterproofers and Allied Workers Local No. 149, serving members in Detroit and...
Roofers Local 149 Pension Fund
The fund operates as the pension vehicle for the United Union of Roofers, Waterproofers and Allied Workers Local No. 149, serving members in Detroit and Mid-Michigan. It was established through collective bargaining agreements with contributing employers, primarily coordinated through the Southeastern Michigan Roofing Contractors Association (SMRCA). The union and SMRCA jointly appoint trustees to oversee plan administration. Asset allocation data is not publicly disclosed, but the fund's known investment portfolio includes a commercial real estate portfolio within the United States. Fixed-income exposure consists of investment-grade debt instruments. It is unclear what percentage of the fund is deployed via direct ownership versus external fund commitments. The plan's geographic heartland is Michigan, where the local union represents roofing and waterproofing workers. The fund is administered from offices in Troy, Michigan, under the leadership of Chairman Brian Moore and Chairman and Employer Trustee Roger LaDuke of the SMRCA. Adjacent to the pension fund, the Roofing Industry Promotion Fund (RIPF) operates as a related industry fund that co-sponsors scholarship programs. The union is affiliated with the Michigan State Building and Construction Trades Council of the AFL-CIO and participates in the Michigan Roofing Contractors Association. The fund's architecture reflects a classic Taft-Hartley multi-employer model, where risk is pooled across many small contractors. This governance structure separates it from corporate or public pension plans, with investment decisions ultimately accountable to a board of union and employer representatives. Its secondary role as a plaintiff in securities litigation reveals an active posture on shareholder rights, though the scope of this activity is not detailed.
General information
Firm type
Pension Fund
Year founded
1968
Location
Region
North America
Country
United States
City
Troy
Corporate office
Troy, MI, United States
Principals
Brian Moore
Chairman
Roger LaDuke
Chairman and Employer Trustee
Sector focus
Frequently asked questions
What is the governance structure of the Roofers Local 149 Pension Fund?
The fund is a multi-employer Taft-Hartley plan governed by a joint board of trustees. Trustees are appointed by both the United Union of Roofers, Waterproofers and Allied Workers Local 149 and the Southeastern Michigan Roofing Contractors Association (SMRCA). The board includes union and employer representatives, with Chairman Brian Moore and Chairman and Employer Trustee Roger LaDuke currently identified in leadership roles.
Which employers contribute to the fund?
Contributing employers are roofing and waterproofing contractors signatory to collective bargaining agreements with Local 149. The Southeastern Michigan Roofing Contractors Association (SMRCA) acts as the multi-employer bargaining representative and appoints the employer trustees. Individual contractor names are not posted publicly by the fund.
What is the known asset allocation of the fund?
The fund does not publish a detailed asset allocation breakdown. Known positions include a US commercial real estate portfolio and investment-grade debt instruments. There is no disclosed allocation to private equity, venture capital, or hedge funds, though the absence of disclosure does not confirm an absence of exposure.
Is the Roofing Industry Promotion Fund the same entity as the pension fund?
No. The Roofing Industry Promotion Fund (RIPF) is a separate industry fund that co-sponsors scholarship programs alongside the Local 149 union. It is a related party but does not provide pension benefits; contributions to RIPF are governed separately from the pension plan.
Has the fund been involved in shareholder litigation?
Yes. The Roofers Local 149 Pension Fund has been identified as a stockholder plaintiff in at least one securities case. The nature and outcome of the specific litigation are not detailed in available public materials, but it signals an active, though likely opportunistic, posture on corporate governance and shareholder rights.
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