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

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

The plan operates as a Taft-Hartley multiemployer pension fund, serving members of the International Union of Bricklayers and Allied Craftworkers Local 4 across New Jersey. It pools collectively bargained contributions from signatory contractors to fund retirement benefits — a structure rooted in the same century-and-a-half union history that BAC Local 4 traces back to 1865. Though precise asset totals are not publicly disclosed, the fund functions within the regulated framework of ERISA, with its board split evenly between labor and management trustees. The pension fund invests across a diversified institutional portfolio typical of mid-sized Taft-Hartley plans, with allocations likely spanning public equities, fixed income, real estate, and private markets vehicles. Direct transparency into specific asset managers, fund commitments, or direct holdings is not publicly available. The plan's primary governance information is captured in annual Form 5500 filings with the Department of Labor; these filings provide a window into the fund's financial health and service providers but are not actively published on the union's website. The fund is administered from union offices in Fairfield and Bordentown, New Jersey. BACNJ's broader organization represents thousands of skilled tradespeople, with the pension plan existing alongside health and welfare benefits designed to support member well-being. No additional investment vehicles, foundation structures, or co-investment clubs are visible in the public domain. Recent operational events in the last 24 months are not publicly documented. The structural distinction of this fund is its Taft-Hartley governance model. Unlike a corporate or public pension, the plan is jointly governed by union and contractor trustees, legally required to manage assets solely in the interest of participants. This creates an inherent insulation from single-sponsor risk and embeds a fiduciary duty that drives conservative, tortoise-paced portfolio construction relative to pure return-maximizing pools.