Suburban Teamsters of Northern Illinois Pension Plan

Suburban Teamsters of Northern Illinois Pension Plan

Suburban Teamsters of Northern Illinois Pension Plan was established in 1988 as a defined-benefit multi-employer plan under the Taft-Hartley Act, covering members of International Brotherhood of Teamsters Locals 179, 330, and 673. Trustees include union-side chairs Dominic Romanazzi of Local 330 and employer-side chairs Mark Kennedy of Mark Kennedy Trucking, with contributing employers spanning solid-waste logistics and aggregates transport. The plan is administered from a shared office at 1171 Commerce Drive in West Chicago, Illinois, alongside the affiliated Suburban Teamsters of Northern Illinois Welfare Fund. The fund's investment posture reflects its contributing base, with a heavy emphasis on natural-resources and infrastructure-linked allocations. Participating employers providing more than 5% of total contributions include Waste Management, Republic Services, and Waste Connections — three of the largest publicly traded waste-hauling and environmental-services operators in North America. Vulcan Materials Company and Roadway Express also serve as participating employers, anchoring the plan's credit exposure to construction-materials production and freight. The fund's structure as a pooled multi-employer plan means contributions are negotiated through collective bargaining agreements, with assets managed in trust for participants across multiple employers. Total assets are estimated at $25–$50 million, placing the plan among smaller Taft-Hartley funds in the Midwest. The plan's administration is integrally tied to its employer base, with Phillip Stanoch representing Roadway Express and William Brach representing LRM Materials on the employer trustee slate. Union trustees Tom Flynn of Local 179 and Tim Custer of Local 673 complete the board. The plan's asset deployment remains closely aligned with the industries that fund it — a posture typical of multi-employer plans where contribution risk and investment risk are tightly coupled. Structurally, the plan differs from corporate or public pension funds in its collective-bargaining governance and narrow employer concentration. Its investment policy is shaped by a joint board of union and employer trustees rather than a single sponsor, creating a built-in fiduciary check but also limiting flexibility. Despite its small asset base, the plan's stability depends on the financial health of its five largest contributing employers — a distinctive risk profile that institutional allocators tracking multi-employer fund stress tests would recognize.