# Greater Pennsylvania Carpenters' Medical Plan

Greater Pennsylvania Carpenters' Medical Plan is a Pension Fund based in Pittsburgh, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Pittsburgh, United States
- **Region:** North America
- **Address:** 650 Ridge Road - Suite 300, Pittsburgh, PA, United States
- **Founded:** 1964
- **Assets under management:** 397 (Altss estimate)
- **Website:** carpenterscombinedfunds.org

## Regulatory record

- **Reports private funds:** No

## About

The plan was established in 1964 to furnish medical coverage for carpenters, spouses, and dependents in greater Pennsylvania. William C. Sproule serves as Chairman of the Board of Trustees, with David D. Daquelente as Co-Chairman and James R. Klein as Fund Administrator. Independence Blue Cross Blue Shield acts as the primary insurance carrier. Assets are deployed across real estate, public equities, and fixed income. Confirmed positions include the American Realty Advisors Core Property Fund valued at approximately $23.5 million and the Intercontinental US Real Estate Investment Fund at $17.7 million. Additional exposure appears in the Vanguard Total Stock Market ETF, PGIM Total Return Bond Fund, and several JPMorgan commingled trusts covering international and emerging-markets equities. The geographic footprint centers on the United States with allocations to domestic commercial properties and global equity markets. The plan reports $397 million in assets. It maintains relationships with PNC Advisors for investment management and Segal Consulting for actuarial services. No additional offices are disclosed. No operational events from the last 24 months appear in available records. The plan's structure links investment decisions to a single trade union's membership base, creating a direct mandate to generate returns that also support union employment through targeted real-estate and contractor policies.

## Sectors

- Real Estate
- Equities
- Fixed Income

## People

- William C. Sproule — Chairman of the Board of Trustees
- David D. Daquelente — Co-Chairman of the Board of Trustees
- James R. Klein — Fund Administrator

## Questions

### Who runs investment decisions at Greater Pennsylvania Carpenters' Medical Plan?

William C. Sproule chairs the Board of Trustees. David D. Daquelente serves as Co-Chairman. Day-to-day administration falls to James R. Klein.

### Does the plan participate in fund commitments or only direct deals?

The plan holds limited-partner interests in two real-estate funds and several commingled equity and bond vehicles.

### What asset classes does the plan hold?

Holdings include core real estate, broad-market equities, managed-volatility strategies, and investment-grade fixed income.

### Where does the underlying membership base come from?

Benefits cover eligible members of the Eastern Atlantic States Regional Council of Carpenters, their spouses, and dependents.

### Does the plan maintain an ESG or responsible-contractor policy?

The plan follows a Responsible Contractor Policy and prioritizes Economically Targeted Investments that create work for union members while targeting competitive returns.

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

Canonical page: https://altss.com/profile/greater-pennsylvania-carpenters-medical-plan

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