Updated:
Steamship Trade Association of Baltimore - International Longshoremen's Association Pension Fund
Founded in 1950, the Steamship Trade Association of Baltimore - International Longshoremen's Association Pension Fund emerged from post-war labor negotiations...
Steamship Trade Association of Baltimore - International Longshoremen's Association Pension Fund
Founded in 1950, the Steamship Trade Association of Baltimore - International Longshoremen's Association Pension Fund emerged from post-war labor negotiations to provide retirement, death, and disability benefits to ILA-affiliated longshoremen in the Port of Baltimore. Co-Administrators Richard P. Wohlfort, Jr. and Richard P. Krueger, III oversee a joint labor-management trust between the International Longshoremen's Association (ILA) and the Steamship Trade Association, binding the fund's governance directly to the waterfront employers and union locals it serves. The fund operates as a defined benefit plan within the broader United States Maritime Alliance (USMX) network, meaning its investment posture is shaped by actuarial liability targets rather than market-cycle opportunism. Asset-class detail is not publicly disclosed, though the fund's few visible holdings suggest a mix of commercial real estate, industrial property, and passive equity exposure — including a dispatch center at 8615 Ridgelys Choice Drive in Baltimore, a former I.C. Isaacs & Company facility in Baltimore, and a settlement fund tied to Olo Inc. in New York. Team size and total assets are not reported. The fund's physical footprint is concentrated in the Mid-Atlantic, with no additional offices beyond Baltimore. Adjacent structures include the International Longshoremen's Association Children's Fund, a philanthropic vehicle, and membership in the Baltimore Port Alliance, which anchors the fund in regional maritime advocacy rather than institutional-investor peer networks. No recent operational announcements have been publicly recorded. The pension fund's structural differentiator is its embeddedness in the Port of Baltimore's collective bargaining framework. Unlike most institutional allocators, its governance, beneficiary base, and capital flows are inseparable from the commercial rhythms and labor agreements of a single US port — making its investment horizon indistinguishable from the long-term viability of the ILA workforce on the Chesapeake.
General information
Firm type
Pension Fund
Year founded
1950
Location
Region
North America
Country
United States
City
Baltimore
Corporate office
Baltimore, Maryland, United States
Principals
Richard P. Wohlfort, Jr.
Co-Administrator
Richard P. Krueger, III
Co-Administrator
Frequently asked questions
Who runs investment decisions at the STA-ILA Pension Fund?
Day-to-day administration rests with Co-Administrators Richard P. Wohlfort, Jr. and Richard P. Krueger, III. The fund's governance is split between the Steamship Trade Association and the International Longshoremen's Association, meaning investment policy is ultimately overseen by a board of trustees drawn from both labor and management. Specific investment committee members or outside advisors are not publicly identified.
How is the STA-ILA Pension Fund related to the United States Maritime Alliance?
The fund operates within the USMX network of multi-employer benefit plans that cover ILA longshoremen across East and Gulf Coast ports. Its assets are pooled separately from other USMX-affiliated funds, but the fund's structure and benefit obligations follow the pattern set by coastwide collective bargaining agreements between USMX and the ILA.
Is the STA-ILA Pension Fund open to co-investments alongside external GPs?
There is no public record of the fund participating in direct co-investments or GP-stakes alongside external managers. Its known holdings — a dispatch center, a legacy industrial facility, and a settlement fund position — suggest internally managed or trustee-directed allocations rather than a program of partner-driven private market commitments.
What investment stages does the STA-ILA Pension Fund target?
The fund does not publicly disclose an asset allocation policy. Its few visible portfolio holdings include direct commercial and industrial real estate in the Baltimore area and a passive equity position via a settlement fund, which implies a focus on capital preservation and income generation appropriate to a mature defined benefit plan with ongoing beneficiary payouts.
How is the STA-ILA Pension Fund different from the ILA's national pension plan?
The STA-ILA fund is a local plan specific to the Port of Baltimore, distinct from the national ILA pension master plan that covers longshoremen in other ports. It is jointly administered by the Baltimore Steamship Trade Association and the local ILA, giving it a governance structure tailored to a single port's labor-management relationship rather than a coastwide scale.
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.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: