United Parcel Service, Inc. Local 177, I.B.T Multi-Employer Retirement Plan

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. 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.