# Sign Pictorial & Display Industry Pension Plan

Sign Pictorial & Display Industry Pension Plan is a Pension Fund based in Pleasanton, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Pleasanton, United States
- **Region:** North America
- **Address:** Pleasanton, CA, United States
- **Founded:** 1974
- **Assets under management:** $17M (Altss estimate)
- **Website:** www.benesys.com

## Regulatory record

- **Reports private funds:** No

## About

The Sign Pictorial & Display Industry Pension Plan was established in 1974 as a multiemployer defined-benefit plan serving workers represented by IBEW Local 1710 and the Western Conference of Sign, Pictorial, and Display Artists. The plan operates out of Pleasanton, California, with day-to-day administration handled by BeneSys, a Taft-Hartley specialist that manages over 500 trust funds. BeneSys plan administrator Morgan Worth and the Board of Trustees, contacted through Nancy Horner, oversee governance. The plan's investment footprint is slim and pragmatic. It participates in the PGIM Real Estate US Debt Fund, a vehicle targeting commercial real estate lending, which represents a direct credit exposure rather than traditional equity or public fixed-income allocations. No other publicly disclosed portfolio positions are identifiable. The plan does not advertise a venture capital, private equity, or hedge fund program — its deployment appears limited to this single named relationship and the associated commercial real estate debt strategy, concentrated in the United States. The trust falls under BeneSys administration alongside over 500 other Taft-Hartley plans, giving it access to the administrator's software platform BenefitDriven for recordkeeping and member self-service. BeneSys has operated since 1979 and has over 900 professionals across more than 30 US offices. The pension plan itself is tightly linked to the Western Conference of Sign, Pictorial, and Display Artists, a regional trade body whose participants' contributions fund the plan. No direct team size, board composition, or professional staff count specific to the plan is publicly disclosed. What separates this plan from larger public pensions or union-wide superfunds is its structural simplicity: a single named credit commitment, a specialized Taft-Hartley administrator, and a narrow participant base drawn from a single trade. The plan does not pursue direct investing, co-investments, or fund-of-funds allocations, and it carries no foundation or adjacent philanthropic vehicle. Its posture is that of a small, self-contained defined-benefit trust where the investment program is outsourced to a single manager relationship and the governance layer is embedded within the benefits administration firm rather than a standalone investment office.

## Sectors

- Real Estate
- Private Credit

## People

- Nancy Horner — Plan Sponsor, Board of Trustees
- Morgan Worth — Plan Administrator, BeneSys, Inc.

## Questions

### How is this plan structured, and who are its participants?

It is a multi-employer defined-benefit plan established under the Taft-Hartley Act. Participants are union members of the Western Conference of Sign, Pictorial, and Display Artists, an industry association linked to IBEW Local 510. Multiple sign and display employers contribute to the plan on behalf of their covered workers, and benefits are determined by a formula rather than individual account balances.

### Does the plan invest directly or primarily through fund commitments?

Given its estimated $17 million in assets, the plan almost certainly invests exclusively through commingled funds and institutional separate accounts rather than making direct private investments. A known commitment to a PGIM-managed real estate debt fund supports this fund-of-funds and pooled-vehicle posture.

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Last updated: 2026-07-06T00:38:19.585Z

Canonical page: https://altss.com/profile/sign-pictorial-display-industry-pension-plan

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