Brick Masons' Pension Trust Fund

Plan Sponsor Casey Ricks and Union Trustee Frank Smith are the named fiduciaries on public records. Investment policy is formally set by a board of trustees split evenly between union-appointed and employer-appointed representatives, as required under the Taft-Hartley Act. The fund outsources day-to-day asset management to external managers, including Morgan Stanley for core real estate and AFL-CIO Investment Trust Corporation for construction-related property.

The fund receives contributions directly from signatory construction employers under collective bargaining agreements with Bricklayers Local Union No. 4 Southern California. Contribution rates are negotiated as a fixed dollar amount per hour worked by covered union members. No employee salary deferrals or taxpayer funds flow into the trust.

Real estate is a meaningful sleeve, executed primarily through commingled fund commitments rather than direct property acquisitions. Confirmed holdings include the Morgan Stanley Prime Property Fund, a core diversified portfolio of US office, industrial, retail, and multifamily assets, and the AFL-CIO Investment Trust Corporation, which focuses on union-built construction projects.

High-yield debt is a named allocation within the fund's fixed-income portfolio, suggesting credit risk appetite beyond investment-grade corporates and Treasuries. There is no public evidence of commitments to private equity, venture capital, or hedge fund strategies. The fund appears to keep its alternative exposure concentrated in credit and property.

The Brick Masons' Pension Trust Fund operates alongside the Bricklayers Local Union No. 4 of California Money Purchase Pension Plan and the Brick and Tile Pension Trust of the Inland Empire. Each covers a distinct segment of the local's membership or employer base. Public records do not indicate any formal consolidation or shared investment vehicle across the three trusts.