# Western Glaziers Retirement Plan Western Glaziers Retirement Plan is a Pension Fund based in Portland, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Portland, United States - **Region:** North America - **Address:** Tukwila, Oregon, United States - **Founded:** 1962 - **Assets under management:** Undisclosed - **Website:** glazierslocal740.org ## Regulatory record - **Reports private funds:** No ## About The Western Glaziers Retirement Plan operates as a defined-benefit pension fund for members of IUPAT Local 740, the union representing glaziers and architectural glassworkers in the Pacific Northwest. Governed by a Board of Trustees evenly split between union and employer association representatives — the Mt. Hood Glass Management Association — the fund collects contributions through collective bargaining agreements. Apogee Enterprises, a Minnesota-based commercial glass and architectural framing company with significant regional operations, acts as a major contributing employer. The board maintains a traditional asset-management posture for a plan of its structure, with known allocations to public equity and investment-grade fixed income. Specific direct holdings, fund commitments, and custodian relationships are not publicly detailed. The plan participates in the IUPAT Western Benefits network, a coalition of regional International Union of Painters and Allied Trades benefit funds that shares administrative infrastructure and actuarial oversight for affiliated pension plans in the Western United States. Operational and investment decisions are executed by the board, chaired by Michael Worthington, with trustee oversight from union and management representatives. The administrative office in Tukwila, Oregon handles participant relations, annuity calculations, and contributions. While Apogee Enterprises is the only disclosed significant contributor, the plan’s funding base extends to numerous regional glazing contractors bound by the union master agreement. The plan’s structural identity resides entirely within the multiemployer Taft-Hartley framework. Unlike single-employer corporate pensions that consolidate assets under a central CIO, Western Glaziers pools collectively bargained contributions across competing employers, with board-governed fiduciary duties to participants. The resulting governance model disperses authority across union and management trustees, making investment strategy a consensus-driven exercise durable across contractor cycles. ## Sectors - Real Estate ## People - Michael Worthington — Chair of the Board of Trustees - Jerry Fisher — Member of the Board of Trustees - Kevin Gjesdal — Member of the Board of Trustees - William Vonderohe — Member of the Board of Trustees - Todd Springer — Member of the Board of Trustees - Bruce Neelands — Member of the Board of Trustees ## Questions ### Who runs investment decisions at Western Glaziers Retirement Plan? Investment oversight is the collective responsibility of the Board of Trustees, chaired by Michael Worthington. The board includes an equal number of union and employer representatives as required by Taft-Hartley governance rules. Specific investment consultants or outsourced CIO relationships are not publicly disclosed. ### Is this a single-employer or multiemployer pension plan? It is a multiemployer Taft-Hartley pension plan. Contributions come from multiple glazing contractors bound by collective bargaining agreements with Local Union 740 — not from a single corporate sponsor. Apogee Enterprises represents one disclosed major contributing employer. ### How is Western Glaziers related to IUPAT and Local 740? The plan provides retirement benefits for members of the Glaziers, Architectural Metal and Glassworkers Local Union 740, which is part of the International Union of Painters and Allied Trades. The administrative office handles annuity and pension disbursements for covered participants in the Pacific Northwest. ### Who are the contributing employers, and what happens if one withdraws? Signatory glazing contractors include Apogee Enterprises — a publicly traded architectural glass company — plus smaller regional firms organized through the Mt. Hood Glass Management Association. Under multiemployer rules, contributing employers that withdraw before full funding face withdrawal liability proportionate to the plan's underfunding. ## Related profiles - [Western Conference of Teamsters Pension Trust Fund](https://altss.com/profile/western-conference-of-teamsters-pension-trust-fund-wctpt) - [Western Growers Financial Services](https://altss.com/profile/western-growers-financial-services) --- Last updated: 2026-07-08T22:38:34.000Z Canonical page: https://altss.com/profile/western-glaziers-retirement-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology