# San Mateo Hotel Employees & Restaurant Employees Pension Fund San Mateo Hotel Employees & Restaurant Employees Pension Fund is a Pension Fund based in San Jose, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** San Jose, United States - **Region:** North America - **Address:** San Jose, CA, United States - **Founded:** 1971 - **Assets under management:** Undisclosed ## Regulatory record - **Reports private funds:** No ## About The San Mateo Hotel Employees & Restaurant Employees Pension Fund is a Taft-Hartley multiemployer defined-benefit plan serving unionized hotel and restaurant workers in San Mateo County. Like other hospitality-sector pension funds in Northern California, the plan aggregates contributions from multiple contributing employers under collective bargaining agreements. The fund's fiduciary duty runs to participants who earn pension credits through years of service in hotel housekeeping, restaurant kitchens, banquet halls, and related occupations. As a defined-benefit plan, the fund must generate returns sufficient to meet future liabilities that stretch decades into the future. This liability-driven investing posture typically translates into an asset allocation spanning public equities, fixed income, real estate, and alternative investments including private equity and private credit. Multiemployer plans of this type commonly access alternatives through fund-of-funds structures or direct commitments to middle-market managers. Without public-facing disclosures, the specific manager roster and current allocation weights remain opaque to outside observers. The plan operates from San Jose, California, placing its board within physical proximity to one of the world's densest concentrations of venture capital and private equity general partners. Multiemployer pension plans in this geography can theoretically access manager relationships that more remote institutional investors would travel for — though smaller plans often lack the internal staff to diligence direct commitments at scale. The fund's board of trustees, drawn equally from union and employer representatives, governs investment policy, hires investment consultants, and retains outside counsel and actuaries in compliance with ERISA and California law. Structurally, the fund's key differentiator is its multiemployer character: a single plan covers workers across multiple independent employers, creating portability of pension benefits for workers who move between different hotels or restaurants within the contributing employer pool. This architecture protects workers but concentrates funding risk when contributing employers exit the plan, withdraw, or go out of business. The plan's long-term health depends on both contribution levels and investment performance — a dual variable that makes the investment committee's decisions directly consequential for the retirement security of thousands of Bay Area hospitality workers. ## Questions ### What type of plan is the San Mateo Hotel Employees & Restaurant Employees Pension Fund? It is a Taft-Hartley multiemployer defined-benefit pension plan. This means multiple employers contribute to a single plan under collective bargaining agreements, and participants receive a predetermined monthly benefit at retirement based on years of service and salary history rather than individual account balances. The plan does not operate defined-contribution accounts for employees. ### Where does the plan's funding come from? The plan is funded entirely by employer contributions negotiated through collective bargaining agreements with participating hotels, restaurants, and related hospitality employers in San Mateo County. Employees generally do not contribute to the plan. Contribution rates are set in union contracts and paid directly by employers to the pension trust. ### How does a multiemployer plan differ from a single-employer pension fund? A multiemployer plan covers workers across many independent employers, which provides portability — a hotel worker can change employers within the contributing pool and continue accruing benefits in the same plan. The tradeoff is funding interdependence: if one employer withdraws or goes bankrupt, remaining employers must absorb the unfunded liability through higher contributions, a dynamic that has created funding stress for some multiemployer plans nationally. ## Related profiles - [San Manuel Band of Mission Indians](https://altss.com/profile/san-manuel-band-of-mission-indians) - [Sanchez Wealth Management Group](https://altss.com/profile/sanchez-wealth-management-group) --- Last updated: 2026-07-06T00:38:06.799Z Canonical page: https://altss.com/profile/san-mateo-hotel-employees-restaurant-employees-pension-fund Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology