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Roofers, Local #20
Roofers Local #20 operates as a Taft-Hartley multiemployer pension fund and welfare plan sponsored by the United Union of Roofers, Waterproofers and Allied...
Roofers, Local #20
Roofers Local #20 operates as a Taft-Hartley multiemployer pension fund and welfare plan sponsored by the United Union of Roofers, Waterproofers and Allied Workers. Local #20 represents roofing professionals across the Kansas City metropolitan area. The fund's primary governance sits with Business Manager Steve Gercone and President Brent Parris, who oversee both the union's bargaining activity and the administration of its benefits apparatus. The fund's deployment strategy centers almost entirely on direct real estate ownership tied to union operations. Portfolio assets include the union hall at 6321 Blue Ridge Boulevard in Raytown, a dedicated training center at 5100 East 59th Street in Kansas City, Missouri, and a former training facility at 10 South James Street in Kansas City, Kansas. The James Street property — a commercial building in Kansas City, Kansas — was sold to Quality Roofing Company, a signatory contractor, keeping a transactional relationship within the roofers' ecosystem. The fund also maintains the Roofers Local 20 Health and Welfare Fund, which is legally separate from the pension plan but administered concurrently. Team and governance sit within the local union's executive board. The fund participates in regional labor coordination through the Greater Kansas City Building and Construction Trades Council and the North Central States Roofers District Council, which provide collective bargaining and jurisdictional alignment. Training pipeline investment runs through the Roofers Local 20 Joint Apprenticeship and Training Committee, which operates the 59th Street facility and supplies skilled roofers to signatory contractors — a labor-acquisition moat that drives employer contributions into the multiemployer plan. The fund's structural distinction is not scale — it is concentration and correlation. The pension's real estate holdings serve as both operational infrastructure for the union and investment principal. This arrangement ties asset performance to local construction cycles and creates a pension liability that moves with the health of the very contractors making contributions. Few institutional investors operate with this degree of geographic and sectoral lock.
General information
Firm type
Pension Fund
Year founded
1966
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Raytown
Corporate office
6321 Blue Ridge Blvd, Suite 202, Raytown, MO 64133
Additional offices
Kansas City, KS
Principals
Steve Gercone
Business Manager
Brent Parris
President
Sector focus
Frequently asked questions
Who runs investment decisions at Roofers Local #20?
The union's executive board, led by Business Manager Steve Gercone and President Brent Parris, governs both the pension plan and welfare fund. As a Taft-Hartley multiemployer plan, trustees — split evenly between labor and management representatives — oversee asset allocation. Day-to-day administration typically falls under the business manager's office at the Raytown union hall.
What assets does the fund directly own?
The fund owns the Local #20 union hall at 6321 Blue Ridge Boulevard in Raytown, Missouri, a training center at 5100 East 59th Street in Kansas City, Missouri, and previously held a training facility at 10 South James Street in Kansas City, Kansas, which was sold to Quality Roofing Company. These are mission-adjacent commercial and industrial properties serving union operations.
How is the pension plan funded?
As a multiemployer Taft-Hartley defined-benefit plan, contributions come from signatory roofing contractors in the Kansas City area per collective bargaining agreements. Employer contribution rates are negotiated by the local union, and the flow of contributions depends directly on hours worked by Local #20 members on job sites around the metro.
Is the Health and Welfare Fund separate from the pension?
Yes. The Roofers Local 20 Health and Welfare Fund is a legally distinct vehicle from the pension plan, though both are administered through the same union leadership in Raytown. Welfare funds cover medical, dental, and other benefits, while pension assets are reserved exclusively for retiree obligations.
What is the relationship between the union and the apprenticeship program?
The Roofers Local 20 Joint Apprenticeship and Training Committee operates the 59th Street training center and runs the pipeline of skilled roofers into signatory contractors. This supply of qualified labor drives employer contributions into the multiemployer plans, linking training investment directly to fund inflows.
Does the fund co-invest with external parties?
The fund has transacted with signatory contractors directly — Quality Roofing Company purchased the former James Street training facility. Beyond this ecosystem-adjacent deal, there is no public evidence of co-investment partnerships with outside GPs or institutional investors.
What regulatory framework governs the pension plan?
The plan operates under ERISA as a Taft-Hartley multiemployer pension fund. It files Form 5500 annually with the Department of Labor and conforms to minimum funding standards set by the Pension Protection Act. The multiemployer structure means withdrawal liability can attach to any signatory employer that exits the plan.
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