UFCW 360 Shop Rite Pension Fund

UFCW 360 Shop Rite Pension Fund

The UFCW 360 Shop Rite Pension Fund operates as a multi-employer defined-benefit plan administered by UFCW Local 360, a labor union representing retail, food-processing, and healthcare workers. The fund's primary purpose is to collect employer contributions from participating companies — most prominently the ShopRite supermarket chain — and invest those assets to meet guaranteed retirement obligations for vested union members. Sam Ferraino serves as President of the local and Plan Administrator, placing ultimate fiduciary oversight in his office. The fund's investment strategy is conservative by mandate, typical of small multi-employer Taft-Hartley plans: fixed income, public equities, and potentially a modest allocation to real estate or private credit. The portfolio must maintain sufficient liquidity to service monthly retiree checks while generating enough return to keep pace with actuarial assumptions. Geographic footprint follows the union's membership base — concentrated in the Northeast, with participating employers operating stores and facilities across New York, New Jersey, and Pennsylvania. The fund's estimated $29 million pool (Altss estimate) places it among the smaller plans in the US labor-pension ecosystem. Team structure likely relies on a board of trustees split evenly between union and employer representatives, as mandated by the Taft-Hartley Act, with day-to-day investment management outsourced to one or more external institutional asset managers. Adjacent vehicles are limited; the same union local also administers health and welfare benefits, but the pension fund is legally walled off from those assets. Recent activity data is unavailable given the fund's low public profile. This fund's structural differentiator is its classic Taft-Hartley governance model — joint trusteeship with equal union and employer board seats creates a built-in checks-and-balances system absent from single-employer corporate plans. For a fund this size, the key governance question is succession depth: the plan relies heavily on Ferraino's long tenure and institutional memory, a concentration common in small multi-employer plans where a single union officer holds multiple fiduciary roles.