Teamsters Union No. 142 Pension Trust Fund

Investment decisions are overseen by a joint board of trustees composed of equal numbers of union-appointed and employer-appointed representatives from Teamsters Local 142. Harvey Jackson, President of Local 142, and Mike Toth, Secretary-Treasurer, are identified trustees. Like most Taft-Hartley plans, the board likely delegates day-to-day portfolio management to external investment consultants or OCIO providers, though no specific consultant has been publicly disclosed. All decisions must comply with ERISA fiduciary standards and any applicable funding improvement or rehabilitation plans filed with the Department of Labor.

The disclosed portfolio shows a reliance on passive index strategies through BNY Mellon vehicles — the S&P 500 Index Fund and the Aggregate Bond Index Fund — indicating a traditional equity-fixed income allocation designed for capital preservation and actuarial matching. There is no public evidence of allocations to private equity, hedge funds, or other alternative assets. This conservative posture is consistent with mature multi-employer plans prioritizing liquidity and minimizing fee drag against their discount rate assumptions.

Teamsters Union No. 142 Pension Trust Fund is established and sponsored directly by Teamsters Local 142, which is itself an affiliate of the International Brotherhood of Teamsters. However, the Fund is a separate legal trust, not an asset of the International union. Local 142's officers serve as trustees, but the trust's assets are held exclusively for the benefit of participants and beneficiaries under ERISA. The International Brotherhood of Teamsters has no direct governance authority over the Fund.

No. As a non-public ERISA plan, the Fund files annual reports — including Form 5500 — with the U.S. Department of Labor, which can provide asset and liability data. However, the Fund does not voluntarily publish its AUM or detailed investment holdings on its website. The specific allocation to BNY Mellon index funds is drawn from Altss research records, but total plan assets have not been disclosed publicly by the Fund.

The Fund's participant base reflects the jurisdiction of Teamsters Local 142, which represents workers primarily in Northwest Indiana and the greater Chicago metropolitan area. Covered industries include freight trucking, warehousing, construction materials delivery, and logistics support. The local union's strength in these sectors means the Fund's contribution base is substantially tied to the industrial and supply-chain economy of the Calumet Region.

Yes. The Fund operates alongside the Teamsters Union No. 142 Health & Welfare Trust Fund, which provides medical, dental, vision, and disability benefits to the same participant population. Both trusts share administrative offices at the Local 142 headquarters in Gary and are governed by overlapping trustee boards. This shared-services model is common among multi-employer plans seeking administrative efficiency.

The Fund operates under the Employee Retirement Income Security Act of 1974, Title IV of which provides for Pension Benefit Guaranty Corporation oversight. Because the Fund is a multi-employer plan in a declining-industry sector, it is subject to special funding rules under the Multiemployer Pension Reform Act of 2014, including potential zone status certification and, in severe cases, application for benefit suspension or partition from the PBGC. The Fund's zone status is not currently public.