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United Parcel Service, Inc. Local 177, I.B.T Multi-Employer Retirement Plan
The UPS Local 177 Teamsters multi-employer plan deploys $1.8B in venture, buyout, and special situations despite its 2013 Critical Status certification.
United Parcel Service, Inc. Local 177, I.B.T Multi-Employer Retirement Plan
The United Parcel Service, Inc. Local 177, I.B.T. Multi-Employer Retirement Plan covers Teamsters in the Hillside, Georgia area whose contributing employer is UPS. It operates as a multi-employer Taft-Hartley fund, a structure common in unionized industries where multiple employers contribute to a single plan for a mobile workforce. In March 2013, the plan's actuary certified it was in "Critical Status" under the Pension Protection Act, triggering a mandatory Rehabilitation Plan that could include benefit adjustments and employer surcharges to restore solvency. The plan allocates across an unusually broad mandate for a union pension. Confirmed holdings include positions in BlackRock Institutional Trust Company index funds and Prudential annuity contracts, anchoring a hybrid portfolio that also reaches into buyout funds, early-stage and late-stage venture capital, fund-of-funds vehicles, mezzanine debt, and special situations. This suggests a deliberate risk-on posture within ERISA constraints, using commingled institutional vehicles for access. The strategy spans domestic North American markets, with a focus on private equity and credit managers. Total assets are estimated at $1.8 billion. Administration sits with a small team led by Jarett Hinson and Sara Him, operating from Hillside, Georgia. The plan is affiliated with the national International Brotherhood of Teamsters. It does not list a separate website, nor does it maintain a LinkedIn presence, communicating primarily through regulatory filings and union channels. Its structural differentiator is the gulf between its regulatory status and its investment behavior. Most Critical Status plans retreat to a fixed-income-heavy liability-matching posture. This one competes alongside institutional limited partners in venture capital and buyout funds, running a portfolio that more closely resembles a mid-sized foundation's than a distressed union plan's — a configuration that likely reflects a long-duration liability profile and an aggressive rehabilitation target.
General information
Firm type
Pension Fund
Year founded
—
AUM
$1.8B (Altss estimate)
Location
Region
North America
Country
United States
City
Hillside
Corporate office
Hillside, GA, United States
Principals
Jarett Hinson
Administrative Secretary and Plan Administration contact
Sara Him
Plan Administration contact
Sector focus
Frequently asked questions
What is the plan's current regulatory status under the Pension Protection Act?
The plan was certified in "Critical Status" as of March 29, 2013, by its actuary due to funding or liquidity shortfalls. This status requires the plan to adopt a Rehabilitation Plan designed to improve its financial health, which may include reductions in adjustable benefits and mandatory employer surcharges. As a multi-employer plan, it must file annual funding notices with participants and the Department of Labor. Updates to its zone status are determined annually by the plan's enrolled actuary.
How does the plan allocate its $1.8 billion in assets?
The plan allocates across a broad array of strategies including buyout, early-stage and seed venture capital, expansion and late-stage venture, fund-of-funds, growth equity, mezzanine debt, special situations, and a short-term investment fund. Core positions include holdings in BlackRock Institutional Trust Company index funds and Prudential annuity contracts. The mix suggests a hybrid approach combining passive public equity-like exposure with actively managed private market commitments, all within ERISA's prudent-investor framework.
Who are the primary contributing employers to the plan?
United Parcel Service, Inc. is the primary contributing employer to the plan. As with all multi-employer Taft-Hartley plans, UPS makes contributions under the terms of a collective bargaining agreement with the International Brotherhood of Teamsters. If UPS were to withdraw from the plan, it could incur withdrawal liability proportional to its share of the plan's unfunded vested benefits.
How is the plan administered?
Day-to-day administration is handled by Jarett Hinson, who serves as Administrative Secretary, and Sara Him, who works in plan administration. The plan's board of trustees, as required under ERISA for Taft-Hartley plans, includes an equal number of union and employer representatives. Investment decisions are typically made by the board or delegated to investment consultants, though no specific advisor has been publicly identified.
Does the plan belong to any broader union investment networks?
The plan is affiliated with the International Brotherhood of Teamsters, the national union. Many Teamsters-affiliated plans participate in the Teamsters' national resources for trustee education and investment monitoring, though specific participation has not been disclosed. The plan does not maintain a standalone public website, relying instead on union channels and Department of Labor filings for participant communications.
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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