St. Paul (Minn.) Electrical Construction hired ASB Capital Management for its $100 million pension plan and $90 million money-purchase plan; ASB will run up to $5 million for each plan in a new pooled real estate equity fund, said Donald Callies, plan administrator. Each plan has 5% a target allocation to real estate. The pooled fund will primarily consist of commercial real estate, said Mr. Callies. ASB runs $13.8 million in an S&P 500 index fund for the pension plan and $9.7 million in an S&P 500 index fund for the money-purchase plan. Alpha Investment Consulting Group assisted.