# Teamsters Health & Welfare and Pension Funds of Philadelphia and Vicinity

Teamsters Health & Welfare and Pension Funds of Philadelphia and Vicinity is a Pension Fund based in Pennsauken, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Pennsauken, United States
- **Region:** North America
- **Address:** Pennsauken, NJ, United States
- **Founded:** 1967
- **Assets under management:** Undisclosed
- **Website:** teamsterfunds.com

## Regulatory record

- **Reports private funds:** No

## About

The Teamsters Health & Welfare and Pension Funds of Philadelphia and Vicinity trace their origins to 1967, when the International Brotherhood of Teamsters Local 560 established a multiemployer defined-benefit plan for members across New Jersey and southeastern Pennsylvania. The funds operate from a single headquarters in Pennsauken, New Jersey, serving the union's rank-and-file across participating employers in the trucking, logistics, and warehousing sectors. Union trustees and employer representatives jointly govern the board — standard Taft-Hartley architecture for collectively bargained benefit funds — ensuring labor and management share fiduciary responsibility. On the pension side, the fund deploys capital across a diversified institutional portfolio spanning real estate, public equities, and fixed income, with allocations to private markets through co-investments, buyouts, distressed debt, and venture capital vehicles. Confirmed contributing employers include UPS, Sysco Corporation, and Republic Services, with the plan's investment posture reflecting the long-duration liabilities typical of a mature defined-benefit multiemployer plan. The pension fund holds a global real estate portfolio that encompasses both domestic and international mixed-use assets alongside separate accounts in government and corporate bonds, mutual funds, and direct corporate stocks. The fund covers approximately 6,000 participants and beneficiaries, making it a mid-sized multiemployer plan by regional standards. While its operational scale is modest relative to national Teamsters plans, the Philadelphia-area fund maintains relationships with three participating locals — 107, 929, and 676 — aggregating bargaining units beyond the founding Local 560. Investment oversight leans heavily on external consultants and fund-of-funds structures, typical for plans of this size that lack large in-house investment staffs. The structural distinction lies in the multiemployer model itself: unlike a corporate single-sponsor plan, the fund pools obligations from multiple unrelated employers connected only through their union contracts, creating shared longevity risk across a fragmented contribution base. If a contributing employer withdraws, the remaining employers carry the unfunded liability, which can increase funding volatility during sector-specific downturns. This architecture gives the fund a different risk profile from single-employer plans — more diversified on the contribution side, but structurally exposed to the financial health of the Teamsters' jurisdictional employer base.

## Sectors

- Real Estate
- Private Equity
- Private Credit
- Natural Resources
- Venture Capital

## Questions

### 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.

### 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.

## Related profiles

- [Speed Art Museum](https://altss.com/profile/speed-art-museum)
- [The Burke Rehabilitation Hospital Retirement Plan](https://altss.com/profile/the-burke-rehabilitation-hospital-retirement-plan)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/teamsters-health-welfare-and-pension-funds-of-philadelphia-and-vicinity

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology