# Florida UBC Supplemental Pension Plan

Florida UBC Supplemental Pension Plan is a Pension Fund based in Goodlettsville, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Goodlettsville, United States
- **Region:** North America
- **Address:** Goodlettsville, TN, United States
- **Founded:** 1962
- **Assets under management:** < $50M (Altss estimate)
- **Website:** flcrc.org

## Regulatory record

- **Reports private funds:** No

## About

The Florida UBC Supplemental Pension Plan was established in 1962 to provide supplemental retirement benefits to eligible members of the United Brotherhood of Carpenters and Joiners of America in Florida. James Banks serves as Chairman and Trustee of the plan. The fund is closely tied to the Florida Carpenters Regional Council, an affiliated local union network, and operates alongside the Florida UBC Health Fund, a related multi-employer benefit plan also established in 1962. The plan's documented investment strategy includes fund-of-funds commitments, secondary market transactions, and direct timber holdings. Its directly held real assets include a position in Property Fund I, LP, a Florida-based commercial real estate vehicle. The plan has historically invested in funds rather than direct operating-company stakes. The plan's investment pool is estimated by Altss at under $50 million, placing it among the smaller Taft-Hartley defined contribution plans. It maintained offices in Goodlettsville, Tennessee. Legal counsel Jay Thomas Youngdahl has represented the fund in ERISA-related litigation. In June 2024, the plan merged into the Southern District UBC Defined Contribution Fund, which absorbed its assets and ongoing obligations. As a Taft-Hartley multi-employer plan, the Florida UBC Supplemental Pension Plan operated under a joint union-management trustee model governed by ERISA. Its structural distinction lies in its narrow scope — a supplemental plan designed to layer additional retirement benefits atop the primary union pension, a design that became less common as multi-employer plans consolidated. The June 2024 merger into the Southern District fund reflects the broader trend of small-plan consolidation within the UBC network.

## Sectors

- Real Estate
- Timber
- Secondaries & Special Situations

## People

- James Banks — Chairman and Trustee

## Questions

### What happened to the Florida UBC Supplemental Pension Plan?

In June 2024, the plan merged into the Southern District UBC Defined Contribution Fund. The merger consolidated the Florida plan's assets and participant obligations under the Southern District vehicle. This follows a broader consolidation trend among smaller multi-employer Taft-Hartley plans within the United Brotherhood of Carpenters network.

### What does the plan invest in?

The plan's strategy spans fund-of-funds commitments, secondary market transactions, and direct timber holdings. Its real-asset portfolio includes a position in Property Fund I, LP, a Florida-based commercial real estate vehicle. There is no public evidence of direct venture capital, private equity, or hedge fund allocations beyond the fund-of-funds and secondary sleeves.

### Is the Florida UBC Supplemental Pension Plan still active as a standalone entity?

No. The plan merged into the Southern District UBC Defined Contribution Fund effective June 2024. The merger transferred all assets and participant obligations. The plan no longer operates as an independent investment entity, though legacy records and obligations persist under the Southern District umbrella.

### How is this plan related to the Florida UBC Health Fund?

Both the Florida UBC Supplemental Pension Plan and the Florida UBC Health Fund were established in 1962 to serve eligible members of Florida Carpenters Regional Council local unions. Both fall under the United Brotherhood of Carpenters network. James Banks chairs the Health Fund and serves as trustee for the pension plan, but the two entities have separate pools of assets and distinct fiduciary obligations.

## Related profiles

- [Fifr](https://altss.com/profile/fifr)
- [Greater Cleveland Partnership](https://altss.com/profile/greater-cleveland-partnership)

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

Canonical page: https://altss.com/profile/florida-ubc-supplemental-pension-plan

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