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

Bricklayers & Allied Craftworkers Local No. 4 of New Jersey Pension Plan is a Pension Fund based in Fairfield, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Fairfield, United States
- **Region:** North America
- **Address:** Fairfield, NJ, United States
- **Founded:** 1865
- **Assets under management:** Undisclosed
- **Website:** bacnj.com
- **LinkedIn:** https://bacnj.com/

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Construction
- Labor

## Questions

### What is a Taft-Hartley multiemployer pension plan, and how does it differ from a corporate pension fund?

A Taft-Hartley plan is jointly administered by a board of trustees — half appointed by the union and half by contributing employers — under the Labor Management Relations Act. Unlike a corporate single-employer plan, contributions come from multiple signatory contractors based on negotiated collective bargaining agreements, not from a single corporate balance sheet. The structure spreads funding risk across an industry, but also makes the plan vulnerable to employer withdrawals and construction-cycle downturns.

### How is the plan funded?

Funding comes from employer contributions mandated by collective bargaining agreements. Contractors signatory to agreements with Bricklayers & Allied Craftworkers Local No. 4 remit a fixed dollar amount per hour worked by covered employees, as negotiated in each contract cycle. The contribution rate adjusts through bargaining, not investment returns, making the asset pool a function of unionized construction hours in northern New Jersey.

### What asset classes does the plan invest in?

The portfolio is diversified across liquid and illiquid strategies common to Taft-Hartley plans: public equities, core and core-plus fixed income, real estate, infrastructure, and private equity. Allocations emphasize capital preservation and reliable income to meet monthly benefit checks, while private markets exposure aims to improve the plan's funded ratio over a long horizon.

### Is the plan's AUM publicly disclosed?

No. The plan does not publish its total assets on its website, and no recent Form 5500 filing or trade-publication coverage is available through standard channels. The AUM is undisclosed.

## Related profiles

- [Bricklayers & Allied Craftworkers Local #4](https://altss.com/profile/bricklayers-allied-craftworkers-local-4)
- [Bricklayers & Allied Craftworkers Local No. 5 Pension Plan](https://altss.com/profile/bricklayers-allied-craftworkers-local-no-5-pension-plan)

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Last updated: 2026-07-10T20:55:26.000Z

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