Bakery and Confectionery Union and Industry International Pension Fund

Bakery and Confectionery Union and Industry International Pension Fund

The Bakery and Confectionery Union and Industry International Pension Fund was established in 1955 to deliver retirement, disability, and death benefits to participants in locals affiliated with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. Anthony Shelton serves as chairman while David Woods holds the secretary-treasurer role on the board of trustees. The plan maintains close ties to contributing employers including Bimbo Bakeries USA, Kellogg Company, The Kroger Company, Albertsons Companies, and Mondelēz International. Allocation records show a 3.12 percent commitment to private equity alongside public market and real-asset exposures. Confirmed vehicles include Bregal Sagemount and TPG Partners as limited-partner holdings plus mutual-fund and collective-trust positions through Wellington and Lazard. Geographic reach centers on the United States with additional international equity exposure. PIMCO manages certain debt holdings including Carvana notes. The fund lists 25 service providers and relationships, including The Segal Company as actuary since 2010, Bredhoff & Kaiser as legal counsel since 1997, BNY Mellon as custodian since 2025, and Meketa Investment Group as investment consultant. It participates in the National Coordinating Committee for Multiemployer Plans. A 2025 conference appearance addressed pension solvency and member benefits. The plan operates under a multiemployer governance structure in which trustees drawn from the BCTGM union and major contributing employers jointly oversee investment policy and benefit administration, separating it from single-sponsor corporate plans.