# Teamsters Local #355, Truck Drivers & Helpers

Teamsters Local #355, Truck Drivers & Helpers is a Pension Fund based in Baltimore, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Address:** Baltimore, MD, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Teamsters Local #355, Truck Drivers & Helpers operates as a pension fund under the umbrella of the International Brotherhood of Teamsters (IBT), the 1.4M-member labor organization founded in 1903. The fund's governance is tied to Local 355, which covers truck drivers and helpers in the Baltimore region. Mark Garey serves as President and Mike Petro as Secretary-Treasurer, roles that include oversight of the pension's asset allocation. The fund invests through multiemployer plan structures, which pool contributions from multiple employers—including United Parcel Service (UPS)—to provide defined-benefit pensions. Strategy focuses on fixed income, private credit, real estate, and infrastructure, with a conservative risk profile typical of union pension funds. Geographic focus is domestic, with an emphasis on the Mid-Atlantic and national infrastructure projects that generate stable, long-term returns. No direct equity or venture capital exposure is publicly documented. The fund's scale is undisclosed; as a union-administered pension, AUM is reported through Department of Labor Form 5500 filings rather than public disclosures. The fund shares administrative resources with the Teamsters Local 355 Federal Credit Union and two physical assets: the Baltimore Headquarters at 1030 S. Dukeland Street and Reynolds Hall in Salisbury, MD. The last 24 months have seen no disclosed operational events — the fund continues normal benefit administration and contributions under existing collective bargaining agreements. Structurally, this fund is a multiemployer defined-benefit plan — distinct from single-employer corporate pensions. Its governance reflects the Teamsters' institutional framework: trustees appointed by the union and by participating employers, with investment decisions delegated to professional managers selected by the IBT's benefit funds office. This structure ties the fund's strategy to labor-market conditions and employer contributions rather than discretionary investment pacing.

## Sectors

- Private Credit
- Real Estate
- Infrastructure

## People

- Mark Garey — President
- Mike Petro — Secretary-Treasurer

## Questions

### Is the Teamsters Local 355 pension fund open to external capital?

No. As a multiemployer defined-benefit pension plan, it is funded exclusively by employer and employee contributions under collective bargaining agreements. The fund does not accept third-party capital or offer separate investment vehicles to outside investors.

## Related profiles

- [Teamsters Central States, Southeast & Southwest](https://altss.com/profile/teamsters-central-states-southeast-and-southwest)
- [U.A. Local Union Officers & Employees Pension Plan](https://altss.com/profile/ua-local-union-officers-and-employees-pension-plan)

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Last updated: 2026-06-03T20:00:00.000Z

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