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UFCW Local 75
UFCW Local 75 administers retirement benefits through the UFCW Health and Welfare and Pension Funds, with President Kevin Garvey and Secretary-Treasurer Bryon...
UFCW Local 75
UFCW Local 75 administers retirement benefits through the UFCW Health and Welfare and Pension Funds, with President Kevin Garvey and Secretary-Treasurer Bryon O'Neal serving as trustees. The plan covers members from the United Food and Commercial Workers union predominantly across Ohio's retail, food processing, and healthcare sectors from its Dayton headquarters with additional offices in Cincinnati, Napoleon, and Toledo. The pension fund allocates across a conventional mix of public equities, fixed income, and real assets including direct commercial property holdings in Ohio. Known commitments extend into private credit and infrastructure vehicles, consistent with the liability-driven strategies common among Taft-Hartley multi-employer plans. The fund participates in the Heartland Pension Fund network, which aggregates assets from multiple local UFCW plans to achieve scale and reduce costs. Real estate holdings include plus offices in Forest Park, Napoleon, Holland and Ohio. The fund's trustees also steward assets through the UFCW International Union's shared-benefit infrastructure, aligning roughly 27,000 local members with broader national resources. Garvey and O'Neal maintain fiduciary oversight while engaging with CORPaTH, an international pension alliance that facilitates trustee education and co-investment sourcing for labor-affiliated funds. In 2024, the fund continued its pattern of maintaining a diversified portfolio centered on capital preservation and consistent actuarial returns without large-open mandates requiring external consultant-led searches. Multi-employer Taft-Hartley plans face distinct governance constraints: labor and management trustees share fiduciary authority equally, requiring bilateral agreement on every allocation decision. This structure slows decision velocity compared to single-sponsor corporate plans but provides built-in oversight that can reduce tail risk. For UFCW Local 75, the trustee-led model — with career union officers serving alongside employer representatives — channels capital toward investments with predictable cash flows aligned to the plan's benefit payment schedule.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Dayton
Corporate office
7250 Poe Avenue, Suite 400, Dayton, OH 45414, United States
Additional offices
Cincinnati, OH · Napoleon, OH · Toledo, OH
Principals
Kevin Garvey
President
Bryon O'Neal
Secretary-Treasurer
Sector focus
Frequently asked questions
Who runs investment decisions at UFCW Local 75's pension fund?
Investment and fiduciary decisions rest with the Board of Trustees, which includes President Kevin Garvey and Secretary-Treasurer Bryon O'Neal alongside employer representatives. As a Taft-Hartley multi-employer plan, trusteeship is equally divided between labor and management appointees. Day-to-day manager selection and asset allocation are typically supported by an external investment consultant, though the fund has not publicly disclosed its current advisor.
How does UFCW Local 75's pension fund differ from a corporate single-employer plan?
The fund operates under the Taft-Hartley Act, meaning multiple employers contribute under collective bargaining agreements and governance is shared between union and employer trustees. This structure pools assets across employers, reducing individual withdrawal liability risk and centralizing investment management. Corporate single-sponsor plans, by contrast, carry the entire liability on one balance sheet and answer to a single fiduciary committee appointed by the company.
What is the Heartland Pension Fund, and how is it related to UFCW Local 75?
The Heartland Pension Fund is a consolidated multi-employer pension plan that serves UFCW members across several local unions, potentially including Local 75 participants. It was created to pool assets from smaller local plans to improve investment diversification and administrative efficiency. Eligible Local 75 members may receive benefits through this vehicle, though the exact relationship has not been detailed in recent public filings.
Does UFCW Local 75 invest directly in real estate?
Yes, the fund holds direct commercial real estate across Ohio, including its Dayton headquarters at 7250 Poe Avenue and satellite offices in Cincinnati, Napoleon, and Toledo. These properties serve dual purposes: operational bases for union activities and income-generating assets within the pension portfolio. The fund may also hold indirect real estate exposure through commingled vehicles and REIT allocations.
What role does CORPaTH play in the fund's investment strategy?
CORPaTH is an international pension alliance that provides trustee education, fiduciary training, and co-investment networking for labor-affiliated funds. President Kevin Garvey's participation connects UFCW Local 75 to a peer network of Taft-Hartley plans that share due diligence resources and occasionally originate private-market investment opportunities. It functions as a sourcing channel, not as an advisor or manager.
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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