Updated:
Teamsters Health & Welfare and Pension Funds of Philadelphia and Vicinity
The Teamsters Health & Welfare and Pension Funds of Philadelphia and Vicinity was established in 1967 as a multiemployer defined-benefit plan for eligible...
Teamsters Health & Welfare and Pension Funds of Philadelphia and Vicinity
The Teamsters Health & Welfare and Pension Funds of Philadelphia and Vicinity was established in 1967 as a multiemployer defined-benefit plan for eligible Teamsters Local 560 members and their families. The fund provides retirement, disability, and death benefits, operating under a board of trustees that oversees both health-and-welfare and pension assets for workers covered by collective bargaining agreements with employers including UPS, Sysco, and Republic Services. Asset-class coverage reaches well beyond core fixed income. The fund maintains a direct global real estate portfolio alongside positions in corporate stocks, government bonds, corporate bonds, and mutual funds. Its private-capital program is notably wide for a mid-sized Taft-Hartley plan: strategy tags span co-investments, buyouts, distressed debt, early-stage venture, growth equity, mezzanine, natural resources, secondaries, and special situations — with stage coverage from seed to expansion. While individual manager commitments or direct deal names are not publicly disclosed, the strategy list implies both fund-of-funds relationships and direct co-investment activity across venture, private credit, and real assets. The fund's operations run out of a single office in Pennsauken, New Jersey — just across the river from Philadelphia — with no additional offices disclosed. Participating locals include Teamsters Local 107, Local 929, and Local 676, all tied to the contributing employers through standing labor agreements. The fund maintains membership in the National Alliance of Healthcare Purchaser Coalitions, reflecting its dual role as a purchaser of health benefits for covered participants. As of mid-2026, the fund had launched a mobile app giving members portal access to work history, census data, and pension calculators. The structural differentiator is a paired health-and-welfare and pension mandate that forces integrated asset-liability thinking unusual for a standalone defined-benefit plan. The fund must balance long-duration pension obligations with the liquidity demands of current healthcare claims — a tension that likely shapes its heavy allocation to both real assets and a diversified private-markets program. The governance layer sits with a trustee board representing labor and contributing employers, a classic Taft-Hartley structure that makes investment decisions inherently collaborative.
General information
Firm type
Pension Fund
Year founded
1967
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Pennsauken
Corporate office
2500 McClellan Ave, Suite 140, Pennsauken, NJ 08109, United States
Sector focus
Frequently asked questions
Who runs investment decisions at the fund?
Investment decisions are overseen by a board of trustees composed of representatives from both the union and contributing employers, following the standard Taft-Hartley multiemployer governance model. The fund does not publicly name individual investment staff or a CIO. Day-to-day investment management is likely delegated to external managers given the breadth of strategy tags.
Does the fund manage assets internally or through external managers?
The fund does not disclose its specific manager line-up, but the wide range of private-market strategies — including venture capital, distressed debt, secondaries, and natural resources — strongly suggests use of external fund managers and possibly discretionary separate accounts. The global real estate portfolio may include both direct holdings and commingled fund investments.
How is this fund different from a typical corporate pension plan?
As a Taft-Hartley multiemployer plan, it is jointly governed by union and employer trustees rather than a single corporate sponsor, and it covers workers across multiple employers within a specific geographic area and local union. It also administers both pension and active health-and-welfare benefits, which creates a unique need to balance long-term retirement liabilities with near-term healthcare claim payments.
What investment stages does the fund target in private markets?
Strategy tags indicate the full spectrum: early-stage venture (including seed and start-up), growth equity, expansion and late-stage venture, buyouts, mezzanine, distressed debt, secondaries, and special situations. This suggests a multi-manager approach rather than a concentrated stage focus.
Which sectors does the fund explicitly avoid?
The fund does not publish an explicit exclusion list. Like many Taft-Hartley plans, it may apply responsible-contractor or labor-peace screens given its union affiliation, but no public policy documents confirm formal ESG or sector-based exclusions.
Does the fund maintain philanthropic structures separate from its pension assets?
There is no evidence of a separate philanthropic foundation. The fund's mission centers on providing health and retirement benefits to participants, not grant-making. Membership in the National Alliance of Healthcare Purchaser Coalitions reflects its benefits-purchasing role rather than charitable activity.
Where does the underlying capital come from?
Contributions come from employers under collective bargaining agreements with Teamsters Local 560 and affiliated locals, including UPS, Sysco, and Republic Services. The assets represent deferred compensation and health premiums for covered workers, not a single-family wealth source.
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 family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: