# Bricklayers, Tilesetters and Allied Craftworkers Local 3

Bricklayers, Tilesetters and Allied Craftworkers Local 3 is a Pension Fund based in Pleasanton, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Pleasanton, United States
- **Region:** North America
- **Address:** Pleasanton, CA, United States
- **Founded:** 1981
- **Assets under management:** Under $100M (Altss estimate)
- **Website:** www.bac3-ca.org

## Regulatory record

- **Reports private funds:** No

## About

BAC Local 3 California operates a multiemployer defined-benefit plan established in 1981 to cover bricklayers, tilesetters, and allied craftworkers across Northern California. Troy Garland, Secretary-Treasurer, and David Jackson, President, serve as the plan's named fiduciaries. The pension's assets originate from employer contributions negotiated through collective-bargaining agreements tied to BAC Local 3, whose members work on commercial and residential masonry projects throughout the Bay Area and Central Valley. Investment policy is secondary-market focused. The plan's administrator, BeneSys, Inc., manages day-to-day operations, but ultimate authority sits with a board of union and contributing-employer trustees. While individual portfolio holdings are not publicly disclosed, the approach aligns with the long-duration liabilities of a building-trades workforce where retirement payouts stretch 30 years. The plan maintains close structural ties to BAC Local 3's real asset holdings — including a San Leandro headquarters, two apprenticeship centers in West Sacramento and San Leandro, and the Masonry Development Center in Tracy. It operates alongside the Northern California Tile Industry Health and Welfare Trust Fund and the Bricklayers and Allied Crafts Local No 3 Apprentice Training Trust. These separate trust entities, while legally distinct, create an interlocking set of fiduciary obligations managed by overlapping officer-slate that includes Garland and Jackson. What separates this fund from larger public plans is its dual identity. It functions as a retirement vehicle while remaining embedded inside a collective-bargaining ecosystem where the same union officers who negotiate wages and apprentice training also oversee pension investment decisions. That governance structure — common among building-trades multiemployer plans — binds investment performance directly to the health of a single skilled-labor market in Northern California.

## Sectors

- Real Estate
- Infrastructure
- Secondaries & Special Situations

## Offices

- San Leandro, CA
- Tracy, CA
- West Sacramento, CA

## People

- Troy Garland — Secretary-Treasurer
- David Jackson — President

## Questions

### Who runs investment decisions for the BAC Local 3 pension plan?

The plan operates under a joint board of union and contributing-employer trustees. Troy Garland, Secretary-Treasurer of BAC Local 3, and David Jackson, President, are the named union-side fiduciaries. An employer trustee caucus provides the management-side representation, with contract administrator BeneSys, Inc. handling operational administration.

### How large is the BAC Local 3 pension plan's asset pool?

The plan does not publicly disclose AUM. Altss research estimates the plan holds approximately $52 million in assets. The number places it among the smaller multiemployer defined-benefit plans in California's building trades, where larger funds like the Carpenters or Operating Engineers can run into the billions.

### How does this fund relate to the other BAC Local 3 trusts?

BAC Local 3 California operates multiple trust funds under the same union roof: the pension plan, a health and welfare trust, and an apprenticeship training trust. The pension plan shares fiduciary leadership with the training trust, where Troy Garland serves as President. While legally separate ERISA vehicles, the trusts coordinate through the same local union officers, creating an integrated benefit package for BAC Local 3's craftworkers.

### What role does the International Union of Bricklayers and Allied Craftworkers play?

BAC Local 3 is a chartered local of the International Union of Bricklayers and Allied Craftworkers (BAC). The international provides organizing support, national collective-bargaining templates, and training standards, but does not directly manage or backstop the local's pension plan. The plan's funding and investment governance remain entirely local, contingent on the collective-bargaining strength of BAC Local 3 vis-a-vis Northern California masonry contractors.

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- [Aspen Community Foundation](https://altss.com/profile/aspen-community-foundation)
- [Geneva College](https://altss.com/profile/geneva-college)

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Last updated: 2026-08-11T02:43:31.692Z

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

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