# Bricklayers & Allied Craftworkers Local #3 NY

Bricklayers & Allied Craftworkers Local #3 NY is a Pension Fund based in Rochester, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Rochester, United States
- **Region:** North America
- **Address:** 33 Saginaw Drive, Rochester, NY 14623, United States
- **Assets under management:** Under $100M (Altss estimate)
- **Website:** bac3ny.com

## Regulatory record

- **Reports private funds:** No

## About

Bricklayers & Allied Craftworkers Local #3 NY operates a set of multiemployer defined-benefit pension plans funded through collective bargaining contributions for union bricklayers, stone masons, and allied craftworkers. Its primary chapters serve Rochester and Buffalo-Niagara Falls, with a satellite presence in Ithaca. The plans are governed by a board of trustees, led by BAC Local 3 NY President Richard Williamson, drawing equal labor and management representation in fiduciary decision-making. The wealth backing these benefits is not a single fortune but the accumulated hourly contributions negotiated across hundreds of commercial construction projects in Western and Central New York. Investment strategy flows from a conservative multiemployer framework: principal protection first, actuarial return targets second. The fund allocates across fixed income, domestic equities, real estate, and infrastructure. Direct holdings include the Buffalo JATC at 1175 William Street — alongside externally managed real estate and private credit commitments. Geographically, the portfolio concentrates in New York State and the broader US, aligned with the membership's working footprint. The plan is administered by Richardson and Secretary Treasurer Jason ReQua, both active in national multiemployer advocacy through the National Coordinating Committee for Multiemployer Plans (NCCMP), where they participate in the 'Solutions Not Bailouts' pension reform initiative. The union's involvement with the International Foundation of Employee Benefit Plans (IFEBP) provides fiduciary education. As of mid-2026, plan-specific meeting minutes have not surfaced a new CIO hire or explicit deployment target. The structural differentiator is scale and locality: unlike billion-dollar statewide pension giants, BAC Local 3 NY operates plans at the local-union level, giving trustees direct line of sight into the construction cycles, contractor health, and demographic shifts that shape cash flows. Their investment posture is shaped more by ERISA multicultural requirements and multiemployer withdrawal liability statutes than by endowment-style optionality.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## Offices

- 1175 William Street, Buffalo, NY 14206
- 605 W. State Street, Ithaca, NY 14850

## People

- Richard Williamson — President
- Jason ReQua — Secretary Treasurer

## Questions

### How does the fund's multiemployer structure affect liquidity and risk tolerance?

Multiemployer plans like BAC Local 3 NY's balance monthly benefit obligations against contribution inflow from active construction projects. Liquidity must cover the 'zone status' tests under the Pension Protection Act of 2006. This creates a bias toward shorter-duration fixed income, liquid equities, and income-generating real assets, reducing flexibility for long-draw private equity or venture strategies.

### What is the relationship between BAC Local 3 NY and the International Union of Bricklayers and Allied Craftworkers?

BAC Local 3 NY is a chartered local of the International Union of Bricklayers and Allied Craftworkers (BAC), which represents trowel trades across North America. The local negotiates collective bargaining agreements, manages apprenticeship training through its JATC, and administers its own benefit funds independently. The international union sets training standards and national policy but does not direct local fund investment decisions.

### How is the apprenticeship training fund separated from the pension assets?

The BAC Local 3 NY Joint Apprenticeship and Training Committee (JATC) operates as a separate legal entity funded by training contributions negotiated in collective bargaining agreements. JATC assets are not co-mingled with pension plan assets. The JATC operates training centers at the Rochester and Buffalo offices, governed by equal labor-management trustees distinct from the pension board.

## Related profiles

- [Caisse Paritaire de Prévoyance de l'Industrie et de la Construction (CPPIC)](https://altss.com/profile/caisse-paritaire-de-prevoyance-de-lindustrie-et-de-la-construction-cppic)
- [Mercer Private Investment Partners VIII](https://altss.com/profile/mercer-private-investment-partners-viii-pip-viii)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/bricklayers-and-allied-craftworkers-local-3-ny

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