Teamsters, Philadelphia & Vicinity

Teamsters, Philadelphia & Vicinity

The Teamsters Philadelphia & Vicinity Pension Fund is a multi-employer defined-benefit pension plan based in Pennsauken, New Jersey. Founded through collective bargaining agreements between the International Brotherhood of Teamsters and local employers, the fund provides retirement benefits to union members in the Philadelphia region. Maria Scheeler serves as Executive Director and Administrator of the fund. William J. Einhorn, the former Administrator, now runs Administrative Service Professionals, Inc. (ASP), which handles administrative services for the fund. Vito Dragone, Jr. chairs the Board of Trustees and also serves as Secretary-Treasurer of participating local unions. The fund's investment strategy spans venture capital and real estate, as tracked by public filings. Known asset allocations include institutional-quality multifamily communities and core-style multifamily properties in the United States. Venture capital exposure is marked as a 'General' strategy, indicating broad sector coverage. The fund co-invests through employer relationships — Sysco Corporation is a named contributing employer. Geographic focus is primarily domestic, within the U.S. residential real estate market. Team counts and total AUM are not publicly disclosed. The fund maintains ties with Teamsters Joint Council 53, a regional labor body. Administrative Service Professionals, Inc. (ASP), based in Pennsauken, provides operational support. No recent operational events from the last 24 months are verifiable from publicly available sources. The fund's structure as a multi-employer, union-defined-benefit plan distinguishes it from corporate or public pension funds. Its investment posture — combining venture capital with direct multifamily real estate — reflects a private-asset tilt atypical for small pension funds, which often rely more on liquid public markets. Governance is handled through a board of trustees drawn from union leadership.