# Teamsters Local 814 Pension Fund

Teamsters Local 814 Pension Fund is a Pension Fund based in North Haledon, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** North Haledon, United States
- **Region:** North America
- **Address:** North Haledon, NJ, United States
- **Assets under management:** Undisclosed
- **Website:** teamstershealthfund.org

## Regulatory record

- **Reports private funds:** No

## About

The Teamsters Local 814 Pension Fund operates as a multiemployer defined-benefit plan covering union members in the New York metropolitan area. Established to support workers in sectors including construction supply and welding, the fund fell into critical and declining status by 2010, triggering federally mandated rehabilitation measures overseen by a board of union and employer trustees — including John Zak of Airweld, Inc., Anthony Zapulla of McKinney Welding Supply Co., and Allen Swerdlick of Kamco Supply Corporation. The fund maintains a compact portfolio with a documented tilt toward real assets and private markets. Geographic focus is regional, centered on the Tri-State area where contributing employers operate, though the underlying fund managers deploy nationally. The pension fund is governed by a joint board of union and employer representatives, with trustees drawn directly from the bargaining-unit companies. Vice President Edward Freyta oversees board functions alongside trustees Phil Puma and Adam Garcia, with Dan Belmonte serving as plan sponsor. The fund operates under a rehabilitation plan filed with the U.S. Department of Labor, which as of 2010 projected a funding deficiency within five years absent corrective action — a status that shapes every allocation decision and limits appetite for uncorrelated risk. The fund's most telling structural feature is its survival posture. Unlike well-funded corporate or public plans that pursue alpha through venture and aggressive private credit, Teamsters Local 814 allocates within the constraints of a rehabilitation schedule. That means every commitment is stress-tested against statutory funding improvement targets, and the trustee roster — populated by operating executives from contributing employers — anchors investment decisions in the practical economics of the local businesses whose workers depend on the plan.

## Sectors

- Real Estate
- Private Equity
- Mixed-Use

## People

- John Zak — Employer Trustee
- Anthony Zapulla — Employer Trustee
- Allen Swerdlick — Employer Trustee
- Adam Garcia — Trustee
- Phil Puma — Trustee
- Edward Freyta — Vice President and Board Member
- Dan Belmonte — Plan Sponsor and Representative

## Questions

### What is the current funding status of the Teamsters Local 814 Pension Fund?

The fund was placed in critical and declining status as of 2010, with less than 65% funding and a projected deficiency within five years. A rehabilitation plan was adopted including adjustable benefit reductions and employer surcharges. Current funding status is not publicly reported, and the fund does not appear in recent Multiemployer Pension Reform Act (MPRA) application filings.

### Who controls investment decisions for the fund?

Investment decisions are governed by a joint board of trustees with equal union and employer representation. Known employer trustees include John Zak (CEO of Airweld, Inc.), Anthony Zapulla (McKinney Welding Supply Co.), and Allen Swerdlick (Kamco Supply Corporation). All trustees are named fiduciaries under ERISA, and the board structure means investment policy requires consensus across labor and management appointees.

### Is the fund eligible for PBGC multiemployer financial assistance?

The Pension Benefit Guaranty Corporation's multiemployer program provides assistance to insolvent plans, but the Teamsters Local 814 plan has not been reported as receiving PBGC financial assistance. MPRA allows deeply underfunded plans to apply for benefit suspension approval or partition; the fund does not appear in public MPRA application records as of the most recent reporting cycle.

### How are contributing employers connected to the fund's governance?

Employer trustees are drawn from companies that contribute to the plan under collective bargaining agreements with Teamsters Local 814. Airweld, Inc., McKinney Welding Supply Co., and Kamco Supply Corporation each place a senior executive on the board. This structure aligns fiduciary oversight with the financial health of the employers ultimately responsible for funding the plan.

## Related profiles

- [Teamsters Local 786 Building Material Pension Fund](https://altss.com/profile/teamsters-local-786-building-material-pension-fund)
- [Teamsters Local 830](https://altss.com/profile/teamsters-local-830)

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

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