Pension Fund

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United Food & Commercial Workers, Local #655

The United Food and Commercial Workers Local #655 pension fund operates out of Ballwin, Missouri, serving grocery and retail workers since the local's...

United Food & Commercial Workers, Local #655

The United Food and Commercial Workers Local #655 pension fund operates out of Ballwin, Missouri, serving grocery and retail workers since the local's founding year is not publicly disclosed. President David A. Cook and Secretary-Treasurer Robert Spence oversee the fund, which derives capital from employer collective-bargaining agreements and member contributions across chains like Schnucks, Dierbergs, and Walmart (per public records). The fund allocates primarily to buyout strategies across private equity, infrastructure, and real estate — with confirmed physical assets including its headquarters at 300 Weidman Road, Ballwin, and the UFCW Local 655 Welfare Fund office at 13537 Barrett Parkway Drive in Manchester, MO (per public record). The welfare fund's separate asset base indicates a multi-vehicle structure common among union pension plans. Geographic focus is US-centric, with all known portfolio assets located in Missouri and Illinois. Team size and total AUM are not publicly disclosed, though the fund manages retirement benefits for roughly 8,000 active and retired members. The local maintains a welfare fund office in Manchester and political and charitable arms including the UFCW Local 655 Political Action Fund and the UFCW Local 655 Leukemia and Lymphoma Fund. David A. Cook has led the local as president since at least the early 2000s, with Robert Spence as secretary-treasurer. As a Taft-Hartley pension fund, UFCW Local #655 is jointly trusteed by union leadership and employer representatives — a governance structure that shapes its investment strategy toward stable, long-duration assets aligned with member benefit obligations. The fund's participation in coalitions like Missouri Jobs With Justice and We Are Missouri reflects an active political posture within the state's labor landscape.

General information

Firm type

Pension Fund

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Ballwin

Corporate office

Ballwin, MO, United States

Principals

David A. Cook

President

Robert Spence

Secretary-Treasurer

Sector focus

Real EstateInfrastructurePrivate CreditHealthcare Services

Frequently asked questions

Who runs investment decisions at UFCW Local #655 pension fund?

President David A. Cook and Secretary-Treasurer Robert Spence oversee the fund's investment strategy, as documented in public records from the U.S. Department of Labor and Missouri Secretary of State. The fund operates under a Taft-Hartley structure with joint labor-management trustees.

What investment strategy does UFCW Local #655 pension fund use?

The fund allocates to buyout strategies, infrastructure, and real estate — with confirmed owned real estate including the union's headquarters in Ballwin, MO and a welfare fund office in Manchester, MO (per public records).

How large is UFCW Local #655 pension fund?

Total AUM is not publicly disclosed. The fund serves roughly 8,000 active and retired members across grocery and retail chains in Missouri and Illinois, per U.S. Department of Labor filings.

Is UFCW Local #655 pension fund a single-family office or a multi-employer fund?

Neither. The fund is a Taft-Hartley pension plan — a multi-employer, jointly trusteed vehicle governed by the Labor-Management Relations Act. It pools contributions from multiple employers under collective bargaining agreements with UFCW Local #655.

How does UFCW Local #655 source proprietary deal flow?

As a union pension fund, it primarily invests through external private equity and infrastructure managers. Direct holdings are limited to union-owned real estate assets like its headquarters and welfare fund properties (per public records).

Does UFCW Local #655 maintain philanthropic structures separate from the pension fund?

Yes. The union operates the UFCW Local 655 Political Action Fund for political advocacy and the UFCW Local 655 Leukemia and Lymphoma Fund for charitable giving. Both are legally distinct from the pension fund (per IRS filings).

Which sectors does UFCW Local #655 pension fund explicitly avoid?

Public records do not detail explicit sector exclusions. As a union pension fund, it likely avoids investments antithetical to labor interests, though this is not formally documented.

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