# Teamsters National Pipe Line Pension Plan Teamsters National Pipe Line Pension Plan is a Pension Fund based in Mendota Heights, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Mendota Heights, United States - **Region:** North America - **Address:** Mendota Heights, MN, United States - **Assets under management:** Undisclosed - **Website:** teamsterspipeline.com ## Regulatory record - **Reports private funds:** No ## About The Teamsters National Pipe Line Pension Plan operates as a defined-benefit plan serving a mobile workforce of pipeline construction laborers whose careers span multiple employers and geographies. Founded through collective bargaining between the International Brotherhood of Teamsters and signatory contractors, the plan solves the portability problem for workers who shift between job sites and companies by aggregating contributions into a single pension vehicle. Robert Riess Sr. and David LaBorde act as Co-Chairmen of the Board of Trustees, representing the union and employer sides of the governance structure, while Thomas Gesualdi serves as Plan Sponsor. The fund allocates across a mix of real estate, infrastructure, and energy-transition assets—sectors with direct operational overlap to the pipeline construction industry that generates its contributions. A known commitment is the ARA Core Property Fund, a diversified core real estate vehicle, reflecting the plan's preference for steady, yield-generating property exposure. Employer sponsors include Quanta Services, MasTec, and Precision Pipeline, publicly traded infrastructure contractors whose project pipelines in transmission, renewables, and oil and gas provide the contribution base that determines the plan's cash-flow profile. The investment posture skews toward direct alignment with the built-environment sectors employing its participants. The Board of Trustees governs the plan under the Taft-Hartley framework, with equal union and employer representation—a structure that constrains investment flexibility but preserves stakeholder alignment. As of the most recent publicly available filings, the plan maintains a small administrative footprint and does not disclose total assets, headcount, or targeted returns. The plan's website confirms its sole focus on pipeline-industry participants, with no adjacent philanthropic foundations, co-investment vehicles, or external club memberships beyond its International Brotherhood of Teamsters affiliation. The plan's structural differentiator lies in its narrow, single-industry participant base. Unlike large state pension systems that must balance retiree liabilities against politically influenced mandates, the Teamsters National Pipe Line Pension Plan concentrates both its contribution stream and its investment focus within pipeline-related infrastructure. This gives the Board a rare, if constrained, ability to match assets with the industry cycle of its own members—deploying into real assets when pipeline construction accelerates and drawing down during down-cycles. ## Sectors - Real Estate - Infrastructure - Energy Transition & Renewables ## People - Robert A. Riess Sr. — Co-Chairman of the Board of Trustees - David LaBorde — Co-Chairman of the Board of Trustees and Director - Thomas Gesualdi — Plan Sponsor and Trustee ## Questions ### Who runs investment decisions at the Teamsters National Pipe Line Pension Plan? The Board of Trustees holds investment authority. The board operates under the Taft-Hartley framework, with Co-Chairmen Robert Riess Sr. and David LaBorde representing the union and employer sides respectively. Thomas Gesualdi serves as Plan Sponsor and Trustee. The plan has not disclosed an internal CIO or external OCIO relationship in public filings. ### Which employers contribute to the pension plan? Quanta Services and MasTec are major contributing employers, both publicly traded infrastructure contractors active in electric power, oil and gas, and communications construction. Precision Pipeline is also a contributing employer. These companies provide the contribution base that funds plan benefits and determines the pool of capital available for investment. ### Who are the covered participants in this pension plan? The plan exclusively serves Teamster members working in the pipeline construction industry—workers who move between job sites and employers across the United States. By centralizing contributions from multiple signatory contractors, the plan allows these mobile employees to accumulate continuous pension credits regardless of which contributing employer they work for on a given project. ### How is the plan governed? The plan operates under the Taft-Hartley Act, requiring equal representation from the International Brotherhood of Teamsters (union trustees) and the contributing employers (management trustees) on the Board. This joint trusteeship structure means investment and benefit decisions require consensus across both sides, creating a governance dynamic distinct from single-sponsor corporate pension plans or public systems. ## Related profiles - [Teamsters Local Union No. 73 Pension Plan](https://altss.com/profile/teamsters-local-union-no-73-pension-plan) - [Teamsters Pension Plan of Philadelphia & Vicinity](https://altss.com/profile/teamsters-pension-plan-of-philadelphia-vicinity) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/teamsters-national-pipe-line-pension-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology