Bricklayers & Allied Craftworkers Local No. 4 of New Jersey Pension Plan

Bricklayers & Allied Craftworkers Local No. 4 of New Jersey Pension Plan

The plan was established to serve members of the International Union of Bricklayers and Allied Craftworkers Local No. 4, which represents trowel trades workers — bricklayers, stone masons, cement masons, plasterers, pointers, cleaners, and caulkers — in northern New Jersey. As a multiemployer defined-benefit plan, funding comes from participating employers under collective bargaining agreements, not a single corporate sponsor or family wealth origin. The fund's investment strategy balances liquidity for near-term pension payments with yield-seeking allocations designed to improve funded status over time. Public-market exposures typically include large-cap equities, investment-grade fixed income, and opportunistic credit. Private-market commitments cover real estate, infrastructure, and private equity, accessed through commingled funds and separate accounts. Geographic concentration centers on U.S. opportunities, with select exposure to developed international markets when fund-of-funds vehicles warrant it. No publicly available records disclose current asset totals, team headcount, or named investment staff. Governance rests with a joint board of trustees — half labor, half management — as mandated by Taft-Hartley structure. The plan's sole administrative nexus is the union's own hall in Fairfield, New Jersey; no satellite offices or adjacent foundation vehicles are publicly documented. Structurally, the plan differs from single-family offices and institutional managers by its negotiated funding mechanism and fiduciary composition. Employer contributions are contractually fixed, not discretionary allocations, which shapes a conservative liability-matching approach. Succession risk and key-person dependency are deliberately minimized through the trustee board model, creating a stable, if opaque, long-term governance architecture.