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UFCW Local 711 Pension
The Retail Food Employers & UFCW Local 711 Pension Trust is a multiemployer defined-benefit plan founded in 1968, serving unionized grocery and food-industry...
UFCW Local 711 Pension
The Retail Food Employers & UFCW Local 711 Pension Trust is a multiemployer defined-benefit plan founded in 1968, serving unionized grocery and food-industry workers predominantly at Kroger and Albertsons locations. Michael Gittings acts as Plan Administrator and Trustee, overseeing a capital pool built from collectively bargained employer contributions. Southwest Service Administrators, a third-party administrator based in Arizona, handles the daily benefit-processing operations. The fund pursues an eclectic, multi-manager strategy across private markets. Its investment menu spans venture capital, growth equity, buyout funds, distressed debt, and special situations, along with direct co-investments. Real estate exposure runs through fund commitments and direct ownership of office properties in Murray, Utah and Las Vegas, Nevada. The plan deploys capital nationally but bears a geographic tilt toward the Intermountain West and the Southwest, reflecting its beneficiary base in Nevada and Utah. The pension operates from a functional headquarters at 5251 Green Street in Murray, with a satellite trustee office in Las Vegas. It belongs to two professional networks focused on multiemployer plan governance: CORPaTH, an international defined-benefit alliance, and the National Coordinating Committee for Multiemployer Plans. Bill Lathrop serves as a trustee alongside his role as CEO of Southwest Service Administrators, the plan's long-time administrative partner. The plan's architecture reflects the multiemployer model in its purest form — a jointly trusteed fund where union representatives and contributing employers share fiduciary responsibility. Unlike a single-family office or corporate pension, the UFCW Local 711 Pension cannot pivot rapidly on individual conviction. Its capital base is locked into an actuarial glidepath, making the secondary and co-investment emphasis a structural response to the need for both liquidity management and return enhancement within a mature, benefit-paying plan.
General information
Firm type
Pension Fund
Year founded
1968
Location
Region
North America
Country
United States
City
Murray
Corporate office
Murray, UT, United States
Additional offices
Las Vegas, NV, United States
Principals
Michael Gittings
Plan Administrator and Trustee
Bill Lathrop
Trustee and CEO of Southwest Service Administrators
Sector focus
Frequently asked questions
Who runs investment decisions at UFCW Local 711 Pension?
Michael Gittings serves as Plan Administrator and Trustee, a role that includes fiduciary oversight of the investment program. The plan is jointly trusteed, meaning both union and employer representatives participate in governance. Day-to-day asset management is executed through external fund managers and co-investment partners rather than an in-house investment team.
How does the fund source its investment opportunities?
The plan sources through relationships with private equity and venture capital fund managers, likely cultivated through its multi-manager program and professional network memberships. Its participation in CORPaTH and the National Coordinating Committee for Multiemployer Plans grants access to a community of similarly structured pension funds, which can facilitate co-investment introductions and manager referrals.
Is UFCW Local 711 Pension a single family office or a union pension?
It is a union pension — a multiemployer defined-benefit plan created under the Taft-Hartley Act. Contributing employers, including Kroger and Albertsons, are contractually bound to fund the plan through collective bargaining agreements. It provides retirement, disability, and death benefits to eligible members of UFCW Local 711.
Does the plan invest directly in companies or only through funds?
The plan uses a hybrid approach. It commits to buyout, venture, growth, and distressed-debt funds as a limited partner, and also participates in direct co-investments alongside those managers. It additionally holds direct real estate in the form of office properties in Murray, Utah and Las Vegas, Nevada.
What is the relationship between UFCW Local 711 Pension and Southwest Service Administrators?
Southwest Service Administrators is the third-party administrator for the plan, handling benefit calculations, disbursements, and operational recordkeeping. Bill Lathrop, the CEO of Southwest Service Administrators, also serves as a trustee of the pension fund — a structural overlap common in multiemployer Taft-Hartley plans where administrative and fiduciary roles can intersect.
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