Bricklayers & Allied Craftworkers, Local #1, Minnesota & North Dakota

Bricklayers & Allied Craftworkers, Local #1, Minnesota & North Dakota

Bricklayers & Allied Craftworkers, Local #1, Minnesota & North Dakota operates as a pension fund for union members in the region. Douglas Schroeder has led the fund as President and Secretary-Treasurer, overseeing its operations and investments. The fund is part of the broader International Union of Bricklayers and Allied Craftworkers (IUBAC) structure, with ties to the International Masonry Institute (IMI) for training and technical assistance. The fund maintains a diversified investment strategy, allocating capital across infrastructure, real estate, and private credit. It holds commercial property at 312 Central Avenue SE, Suite 328, Minneapolis, and an industrial training center at 5420 International Parkway, New Hope, Minnesota. The fund's portfolio includes the Minnesota and North Dakota Bricklayers and Allied Craftworkers Health Fund, Vacation Fund, and Pension Fund, all based in Mendota Heights, Minnesota. The fund supports the Bricklayers and Allied Craft Workers Local 1 Scholarship and Charitable Fund for member education and charitable initiatives. It is affiliated with the Minnesota Structural Coalition and the AFL-CIO through the international union. No recent operational events are publicly recorded for this fund. The fund's structure as a union-sponsored pension fund provides a distinct framework — it serves a defined membership base across two states, with assets managed to meet long-term benefit obligations. Unlike multi-employer plans covering broader industries, this fund is narrowly focused on bricklayers and allied craftworkers.