Roofers Local 30 Pension Fund Investor Profile
The Roofers Local 30 Pension Fund is a multi-employer pension plan that provides retirement benefits to members of Roofers Local 30, a labor union representing roofers and waterproofers in the Philadelphia area. As a pension fund, it plays a critical role in managing assets to ensure defined benefit pensions for eligible participants. Its headquarters are located in Philadelphia, Pennsylvania, United States. The fund’s assets under management (AUM) are not specified in available information, so details on its size remain unclear. Operating under Taft-Hartley regulations and the Employee Retirement Income Security Act (ERISA), the fund focuses on serving union members affiliated with the United Union of Roofers, Waterproofers and Allied Workers.
Investment Strategy
As a multi-employer pension plan, the Roofers Local 30 Pension Fund is structured to provide defined benefit pensions to its participants. It operates under ERISA guidelines, which require prudent management of assets to secure retirement benefits. Specific details on asset classes or investment allocations are not available. The fund’s approach is governed by its status as a Taft-Hartley plan, emphasizing stability and long-term growth to meet pension obligations. Without further information on specific strategies, it aligns with the regulatory framework designed for multi-employer plans to protect participant interests.
Private Markets Approach
Information on the Roofers Local 30 Pension Fund’s approach to private markets is not available. The alternatives allocation is unspecified, indicating that details regarding investments in areas such as private equity or other alternative assets are not provided. As a pension fund focused on retirement benefits, any private markets involvement would be subject to ERISA and Taft-Hartley regulations, but no specific facts are available to elaborate further.
How Fund Managers Should Approach
Fund managers approaching the Roofers Local 30 Pension Fund should recognize its identity as a multi-employer pension plan governed by Taft-Hartley regulations and ERISA. It serves members of a labor union in the Philadelphia area, focusing on providing defined benefit pensions. Given its structure, managers should consider the fund’s commitment to regulatory compliance and participant benefits. No additional details on preferences or notable investments are available, so approaches should align with standard practices for union-affiliated pension funds.
In summary, the Roofers Local 30 Pension Fund exemplifies a traditional multi-employer pension plan dedicated to supporting its members’ retirement needs. Based in Philadelphia, it operates within a framework that prioritizes security and adherence to federal regulations. While specific investment details are limited, its role in the broader landscape of pension funds highlights the importance of such entities in providing financial stability for workers in specialized trades like roofing and waterproofing. The fund’s affiliation with a labor union underscores its community-focused mission, ensuring benefits for participants in the Philadelphia region. As with many pension plans, its operations are designed to balance risk and return under strict oversight, though exact strategies remain undefined based on available information. This profile underscores the fund’s foundational purpose without speculating on unverified aspects, maintaining a focus on verified facts.
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Frequently Asked Questions
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What is the Roofers Local 30 Pension Fund?
It is a multi-employer pension plan that provides retirement benefits to members of Roofers Local 30, a labor union representing roofers and waterproofers in the Philadelphia area. -
Who does the fund serve?
The fund serves members of Roofers Local 30, which is affiliated with the United Union of Roofers, Waterproofers and Allied Workers. -
What regulations govern the fund?
It is governed by Taft-Hartley regulations and operates under the Employee Retirement Income Security Act (ERISA) as a multi-employer pension plan.
Frequently Asked Questions
What is the Roofers Local 30 Pension Fund?
It is a multi-employer pension plan that provides retirement benefits to members of Roofers Local 30, a labor union representing roofers and waterproofers in the Philadelphia area.
Who does the fund serve?
The fund serves members of Roofers Local 30, which is affiliated with the United Union of Roofers, Waterproofers and Allied Workers.
What regulations govern the fund?
It is governed by Taft-Hartley regulations and operates under the Employee Retirement Income Security Act (ERISA) as a multi-employer pension plan.
