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United Wire, Metal & Machine H & W FD
The United Wire, Metal & Machine Health & Welfare Fund was established through collective bargaining between Teamsters Local Union No. 810 and multiple...
United Wire, Metal & Machine H & W FD
The United Wire, Metal & Machine Health & Welfare Fund was established through collective bargaining between Teamsters Local Union No. 810 and multiple employers, functioning as a multiemployer Taft-Hartley benefit plan. Chairman Mike Smith, who also serves as President of Local 810, and Fund Administrator Harvey Morgan oversee the fund's operations. The plan provides comprehensive medical coverage, optical benefits, and pension support to eligible participants and their dependents. The fund pools contributions from a concentrated employer base anchored by NYU Langone Hospitals and United Natural Foods, Inc. (UNFI). Investment strategy draws on a dual-asset approach that combines a standard portfolio allocation with direct real estate exposure. The fund holds mixed-use real estate investments and maintains an investment portfolio from its headquarters in Long Island City, New York. The fund shares administrative infrastructure and leadership with its sister entity, the United Wire, Metal & Machine Pension Fund, with both operating out of the same Long Island City offices. Together, these vehicles support the retirement and health security of Local 810's membership. The fund also administers the United Wire, Metal & Machine Health & Welfare Fund Scholarship, an educational grant program for members' families. The fund's structural distinction lies in its concentrated employer-contributor base rather than the broad multi-employer pools typical of national Taft-Hartley plans. With NYU Langone Hospitals and UNFI as its named contributing employers, the fund's funding stability is tied to the collective bargaining cycles of a small number of large institutions — an architecture that concentrates both contribution risk and the leverage to negotiate benefit terms.
General information
Firm type
Pension Fund
Year founded
1953
Location
Region
North America
Country
United States
City
Long Island City
Corporate office
Long Island City, NY, United States
Principals
Mike Smith
Chairman
Harvey Morgan
Fund Administrator
Sector focus
Frequently asked questions
Who controls investment decisions at the United Wire, Metal & Machine H & W Fund?
The fund is overseen by a board of trustees composed of union and employer representatives, as required under Taft-Hartley multiemployer plan rules. Mike Smith serves as Chairman of the Fund and President of Teamsters Local Union No. 810. Day-to-day administration is handled by Fund Administrator Harvey Morgan. Specific investment committee composition or the use of external investment consultants is not publicly disclosed.
How is the fund funded?
The fund is a multiemployer Taft-Hartley plan funded entirely by employer contributions negotiated through collective bargaining agreements. Contributions come from employers who have signed agreements with Teamsters Local Union No. 810. Disclosed contributing employers include NYU Langone Hospitals and United Natural Foods, Inc. (UNFI). No employee contributions are made to the health and welfare fund itself, consistent with the collectively bargained structure.
What relationship does this fund have with the United Wire, Metal & Machine Pension Fund?
The Health & Welfare Fund and the United Wire, Metal & Machine Pension Fund are sister entities operating from the same administrative offices in Long Island City, New York. They share leadership and administrative staff, including Chairman Mike Smith and Fund Administrator Harvey Morgan. While legally distinct trusts with separate plan documents, they function as parallel vehicles serving the same Teamsters Local 810 member population — one delivering health and welfare benefits, the other retirement income.
What types of assets does the fund invest in?
Public record indicates the fund holds a diversified investment portfolio and has committed capital to mixed-use real estate investments. The specific allocation between public equities, fixed income, alternatives, and real estate is not publicly disclosed. Like most Taft-Hartley health and welfare funds, the portfolio is likely oriented toward shorter-duration, higher-liquidity assets relative to its sister pension fund, reflecting the near-term liability profile of health benefit obligations.
How large is the United Wire, Metal & Machine H & W Fund?
The fund does not publicly disclose its asset size. As a single-local health and welfare fund tied to Teamsters Local Union No. 810, its scale is likely calibrated to the active and retired membership of one New York-based local union rather than a national pool. AUM is not reported on the fund's website or in accessible public filings.
Is the fund affiliated with a larger Teamsters national plan?
No. The fund is a local plan established under an agreement between Local 810 I.B.T. and its contributing employers. It is not part of the Teamsters Central States or any other national multi-employer plan. The fund's governance and assets are independent, serving only the participants of Local 810 and their dependents, with governance seated in Long Island City.
Does the fund co-invest with other Taft-Hartley plans or institutional investors?
There is no public evidence of co-investment activity with external institutional partners. The fund's real estate exposure is described as direct mixed-use investments, which may be made through pooled real estate funds or separate accounts. The fund's investment strategy, manager selection process, and any use of funds-of-funds or direct co-investment programs are not publicly disclosed.
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