# The Legacy Plan of the Unite Here Retirement Fund

The Legacy Plan of the Unite Here Retirement Fund is a Pension Fund based in New York, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, United States
- **Founded:** 2018
- **Assets under management:** 579 (Altss estimate)
- **Website:** unitehere.org

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Venture Capital

## 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.

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Last updated: 2026-07-11T13:28:50.000Z

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