# Bakery and Confectionery Union and Industry International Pension Fund

Bakery and Confectionery Union and Industry International Pension Fund is a Pension Fund based in Kensington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Kensington, United States
- **Region:** North America
- **Address:** 10401 Connecticut Avenue, Kensington, MD 20895, United States
- **Founded:** 1955
- **Assets under management:** 2.98B (Altss estimate)
- **Website:** bctrustfunds.org
- **LinkedIn:** https://www.bctrustfunds.org

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Private Equity
- Diversified

## People

- Anthony Shelton — Chairman of the Board of Trustees
- David Woods — Secretary-Treasurer

## Questions

### Who runs investment decisions at the fund?

The Board of Trustees chaired by Anthony Shelton sets policy with support from Meketa Investment Group and Segal Marco Advisors as consultants.

### Does the fund participate in fund commitments or only direct deals?

Records show limited-partner commitments to private-equity vehicles including Bregal Sagemount and TPG Partners.

### What asset classes receive allocations?

The fund holds private equity at 3.12 percent, public equities, real assets, and debt instruments managed by PIMCO and Wellington.

### How is the fund related to the BCTGM union?

The plan serves eligible members of locals affiliated with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union and shares trustees with the union.

### Which employers contribute to the plan?

Major contributors include Bimbo Bakeries USA, The Kroger Company, Albertsons Companies, Kellogg Company, and Mondelēz International.

### What recent operational change affected plan solvency?

The fund received a $3.4 billion Special Financial Assistance grant from the PBGC in 2024 to maintain solvency through 2051.

### Where does the fund custody its assets?

BNY Mellon serves as custodian and transfer agent since 2025, succeeding State Street Bank and Trust Company.

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Last updated: 2026-06-28T01:53:31.090Z

Canonical page: https://altss.com/profile/bakery-and-confectionery-union-and-industry-international-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology