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RWDSU/UFCW Local #338
RWDSU/UFCW Local #338 operates the Local 338 Retirement Fund as a multi-employer defined benefit pension plan. John R. Durso serves as president alongside...
RWDSU/UFCW Local #338
RWDSU/UFCW Local #338 operates the Local 338 Retirement Fund as a multi-employer defined benefit pension plan. John R. Durso serves as president alongside Joseph Fontano as secretary-treasurer. The structure includes separate vehicles for health and welfare benefits, annuities, and a benefits trust fund, all based in Mineola, New York. The retirement fund reports $563 million in assets. Strategy records indicate repeated focus on secondaries. Geographic activity centers on New York with national affiliations through the parent RWDSU and UFCW unions. The plan also holds direct ownership of its headquarters building through Local 338 Real Estate Corp. The organization maintains Local 338 Charities Inc., established in 2015, which distributes scholarships and hardship grants. John R. Durso holds leadership roles in the Long Island Federation of Labor and New York City Central Labor Council. In October 2025 the fund participated as a speaker at the 71st Annual Employee Benefits Conference. Governance ties the investment program directly to union leadership and member benefit obligations rather than external LP mandates.
General information
Firm type
Pension Fund
Year founded
—
AUM
563 (Altss estimate)
Location
Region
North America
Country
United States
City
Mineola
Corporate office
—
Principals
John R. Durso
President
Joseph Fontano
Secretary-Treasurer
Sector focus
Frequently asked questions
Who runs investment decisions at RWDSU/UFCW Local #338?
John R. Durso as president oversees the fund alongside Joseph Fontano as secretary-treasurer. Earl Mathurin serves as funds administrator. External advisors include Segal Marco Advisors.
Does RWDSU/UFCW Local #338 participate in fund commitments or only direct deals?
Records show a focus on secondaries strategies. The fund also holds direct real estate ownership through Local 338 Real Estate Corp.
Where does the underlying wealth come from?
Contributions from multi-employer defined benefit pension arrangements covering RWDSU/UFCW union members in retail and wholesale sectors.
Does RWDSU/UFCW Local #338 maintain philanthropic structures?
Yes. Local 338 Charities Inc. was established in 2015 and provides scholarships plus hardship grants. It has supported United Way of Long Island and AFL-CIO affiliates.
What investment stages does RWDSU/UFCW Local #338 typically target?
Secondaries transactions form the documented strategy focus.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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