# Warehouse Employees Local 570

Warehouse Employees Local 570 is a Pension Fund based in Baltimore, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Address:** Baltimore, MD, United States
- **Founded:** 1963
- **Assets under management:** Undisclosed
- **Website:** https://team570.org
- **LinkedIn:** https://linkedin.com/company/warehouse-employees-local-570

## Regulatory record

- **Reports private funds:** No

## About

Warehouse Employees Local 570 operates as the pension and benefits vehicle for the Baltimore-area Teamsters local, a chapter of the International Brotherhood of Teamsters. The fund is led by Secretary-Treasurer Sean Cedenio and President Richard Brown, who manage the assets alongside the local's broader labor representation work. Its trust fund structure is typical of collectively bargained union plans, separating retirement and welfare allocations from the union's general operating treasury. The fund's real asset footprint in Baltimore includes ownership of the Local 570 headquarters on Eastern Avenue and a Benefit Funds Office on North Point Boulevard, reflective of a strategy that occasionally incorporates property holdings alongside partnership investments. The local's bargaining relationship with employers such as the Toyota Distribution Center in Glen Burnie provides the contribution base that funds the plan. Team size, total assets, and specific partner relationships remain undisclosed. The fund operates within the broader Teamsters Joint Council 62 network, a regional body that coordinates activity among Maryland Teamsters locals, but no public investment committee roster or external consultant mandate is identifiable. The lack of a public-facing investment website or allocator conference presence reinforces an internally managed, relationship-driven deployment process common to smaller union plans.

## Sectors

- Real Estate

## People

- Sean Cedenio — Secretary-Treasurer and Principal Officer
- Richard Brown — President

## Questions

### What is the relationship between Local 570 and the International Brotherhood of Teamsters?

Local 570 is an affiliated chapter of the International Brotherhood of Teamsters and participates in Teamsters Joint Council 62, the regional body that coordinates Maryland-area locals. The benefit and pension funds are maintained separately from the IBT's central organizations, under the local's own named trustees.

### Does the fund own real estate directly?

Yes. Public records show the fund holds commercial properties in Baltimore including the Local 570 headquarters at 6910 Eastern Avenue and a Benefit Funds Office at 1005 North Point Boulevard. These appear as balance-sheet assets rather than limited-partner fund stakes.

### How is the pension funded?

The plan is funded through employer contributions negotiated under collective bargaining agreements. A known contributing employer is the Toyota Distribution Center in Glen Burnie, Maryland, which has a bargaining relationship with Local 570.

## Related profiles

- [Wardle Family Foundation](https://altss.com/profile/wardle-family-foundation)
- [Warehouse Employees Local No. 570 Pension Fund](https://altss.com/profile/warehouse-employees-local-no-570-pension-fund)

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Last updated: 2026-08-11T02:43:31.692Z

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