Teamsters Local 945

Teamsters Local 945

Teamsters Local 945 operates the pension fund for its members from a building it owns at 585 Hamburg Turnpike in Wayne, New Jersey. The fund is a defined-benefit plan affiliated with the International Brotherhood of Teamsters, the 1.3-million-member labor union. Paxton Ryan serves as both Plan Administrator and Principal Officer for the pension fund and its related building corporation, according to public filings. The fund's investment strategy is overwhelmingly concentrated in secondaries transactions — an unusual level of specialization for a union pension plan of this size. Most Taft-Hartley plans spread commitments across real estate, private credit, and traditional private equity fund investments. The fund maintains a direct business relationship with Republic Services, Inc., a waste-disposal and environmental-services company, through credit and investment agreements. Teamsters Local 945 operates from a single office building in Wayne, which the pension fund owns through its building corporation. No satellite offices or external investment consultants are publicly identified. The fund does not disclose its total assets or annual deployment figures. It participates in the broader International Brotherhood of Teamsters network but is not known to maintain independent philanthropic vehicles, though the organization is associated with the Teamsters Local 25 Autism Fund. The fund's structural differentiator is its concentration risk: rather than building a broad alternatives portfolio, Local 945 has chosen to allocate nearly its entire investment program to secondaries.