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The Legacy Plan of the Unite Here Retirement Fund
The Legacy Plan of the Unite Here Retirement Fund operates as the defined-benefit pension vehicle for participants in the UNITE HERE labor union.
The Legacy Plan of the Unite Here Retirement Fund
The Legacy Plan of the Unite Here Retirement Fund operates as the defined-benefit pension vehicle for participants in the UNITE HERE labor union. It collects contributions from multiple employers in the hospitality sector. The fund's assets are managed from New York. Capital is allocated to venture capital strategies. Contributing employers include MGM Resorts International through its Borgata property, Bally's Corporation properties in Rhode Island and Atlantic City, The TJX Companies, and Caesars Entertainment. Allocations remain focused on the United States. The plan received $868.6 million in Special Financial Assistance from the Pension Benefit Guaranty Corporation in January 2025. It maintains a money market relationship with Amalgamated Bank in New York. No additional offices or professional headcount figures are recorded. The fund's structure is defined by its direct tie to a single labor union and its receipt of federal assistance, which alters its contribution and investment posture relative to standard multi-employer plans.
General information
Firm type
Pension Fund
Year founded
2018
AUM
579 (Altss estimate)
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, United States
Sector focus
Frequently asked questions
Who sponsors the Legacy Plan of the Unite Here Retirement Fund?
The plan is sponsored by the UNITE HERE labor union, whose members constitute the primary participants.
Which employers contribute to the Legacy Plan?
Contributing employers include MGM Resorts International, Bally's Corporation, The TJX Companies, and Caesars Entertainment.
What asset classes does the Legacy Plan target?
The plan allocates to venture capital strategies.
Did the Legacy Plan receive federal assistance recently?
The Pension Benefit Guaranty Corporation provided $868.6 million in Special Financial Assistance in January 2025.
Where is the Legacy Plan based?
The plan is headquartered in New York.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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