# Teamsters Local 301 Pension Plan

Teamsters Local 301 Pension Plan is a Pension Fund based in Waukegan, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Waukegan, United States
- **Region:** North America
- **Address:** Waukegan, IL, United States
- **Founded:** 1958
- **Assets under management:** Undisclosed
- **Website:** www.teamsters301.org

## Regulatory record

- **Reports private funds:** No

## About

The Teamsters Local 301 Pension Plan operates as a multi-employer defined-benefit fund for members of Teamsters Local 301, which has represented workers across Lake and McHenry counties for over a century. The plan draws contributions through collective bargaining agreements, with Waste Management, Inc. and Waste Connections, Inc. named as participating employers. The fund's investment posture reflects the long-duration liabilities of a mature Taft-Hartley plan, prioritizing stable, income-producing assets. The portfolio is anchored by direct commercial real estate holdings in North America, concentrated in two distinct mandates. The Core Real Estate Portfolio targets traditional commercial properties, while a dedicated Healthcare Real Estate Portfolio focuses on medical office and related facilities. The plan also maintains a reciprocal co-investment arrangement with the Teamsters Local 705 Pension Plan, allowing for shared exposure and potentially reduced administrative burden on select investments. The fund is administered from the union hall in Waukegan, Illinois, and its governance follows the joint board of trustees model standard for Taft-Hartley plans, with equal representation from union and employer appointees. While total asset and deployment figures are not publicly disclosed by the plan, its construction aligns with regional mid-size pension funds that prioritize direct property ownership and inter-plan relationships over external fund commitments. No separate foundation or adjacent investment vehicles are known to operate alongside the plan. The plan's structural differentiator lies in its hyper-local asset base paired with reciprocal multi-plan co-investment. Rather than competing for institutional mandates, Local 301 pools resources with Local 705, creating an alliance between two distinct Northern Illinois Teamsters plans that can share due diligence and achieve scale in property acquisitions neither could support individually.

## Sectors

- Real Estate
- Infrastructure

## Questions

### What is the plan's primary investment focus?

The plan maintains a heavy allocation to direct real estate, divided between a Core Real Estate Portfolio of general commercial properties and a Healthcare Real Estate Portfolio targeting medical office and related facilities. Both portfolios are concentrated in North America. The emphasis on direct property ownership aligns with the fund's long-dated liability stream and a preference for tangible, income-generating hard assets.

## Related profiles

- [Teamsters Local 2727 Retiree Medical Benefits Trust](https://altss.com/profile/teamsters-local-2727-retiree-medical-benefits-trust)
- [Teamsters Local 639-Employers Pension Trust Fund](https://altss.com/profile/teamsters-local-639-employers-pension-trust-fund)

---

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

Canonical page: https://altss.com/profile/teamsters-local-301-pension-plan

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