Carpenters and Joiners Benefit Funds

Carpenters and Joiners Benefit Funds

The plan was established in 1964 as a non-contributory defined benefit pension for Twin City carpenters and joiners. It operates under a multi-employer Taft-Hartley trust structure with the North Central States Regional Council of Carpenters as the primary labor sponsor and several Minnesota employer associations as contributing parties. Allocations include commitments to private equity vehicles such as NB Crossroads Fund 24 and North Sky Capital funds. Real estate exposure runs through American Realty Advisors and direct holdings including the Dublin Corporate Center office complex in California. Infrastructure and private debt placements supplement the portfolio. Geographic focus centers on the United States with limited international equity via index vehicles. Wilson-McShane Corporation has served as plan administrator and depository since inception. Segal provides actuarial services. PNC Realty Investors and Neuberger Berman act as investment advisors. No operational events from the last 24 months appear in available records. The fund maintains a scholarship program through the North Central States Regional Council of Carpenters that awards annual grants to children of members in good standing.