# Laborers Annuity Plan For Northern California

Laborers Annuity Plan For Northern California 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:** 1985
- **Assets under management:** Undisclosed
- **Website:** norcalaborers.org
- **LinkedIn:** https://www.linkedin.com/company/laborers-trust-funds-for-northern-california

## Regulatory record

- **Reports private funds:** No

## About

The plan sits under the umbrella of the Laborers Trust Funds for Northern California, an administrative entity managing welfare, pension, and training funds for members of the Laborers’ International Union of North America. While the plan’s precise founding date is not publicly itemized, the trust fund structure dates to the mid-20th-century expansion of Taft-Hartley multi-employer plans. The fund is domiciled in Pleasanton and draws contributions from signatory contractors across the region. Asset allocation reflects a traditional institutional blend — public equities, fixed income, real estate, and alternatives — with commitments routed through external managers. The board of trustees retains a general investment consultant and periodically reviews fee structures, selecting strategies that match the liability stream owed to retiring members. The plan has historically participated in fund-of-funds vehicles and direct co-investment lines with established GPs, though individual holdings are not published. Team size and total assets are not disclosed. The trust funds operate from the Pleasanton headquarters, and no additional offices are listed. The administrative entity shares governance with sister plans covering health & welfare and training, pooling oversight under a joint board. Structurally, the plan’s differentiator is its multi-employer collective-bargaining architecture — contributions are negotiated in union contracts, tying asset growth directly to union work hours in Northern California. This design creates a countercyclical funding model distinct from state or single-employer pension pools, making downside protection a persistent board-level priority.

## Questions

### How is the plan's asset growth tied to the broader economy?

Contributions are mandated through collective-bargaining agreements with signatory construction contractors. When union work hours in Northern California rise, contribution volume grows, feeding the plan. During construction downturns, inflows contract directly.

### Does the plan invest directly in private companies or solely through funds?

The board engages external managers for nearly all allocations. Board meeting records indicate participation in both commingled fund vehicles and limited co-investment programs alongside established GPs, but specific line items remain confidential.

### Is the plan affiliated with other Laborers Trust Funds entities?

Yes. It operates alongside the Health & Welfare Plan and the Training & Retraining Plan for the same Northern California laborer membership, sharing administrative infrastructure and trustee oversight from the Pleasanton headquarters.

## Related profiles

- [Laborer's Local No. 1174 Pension Fund](https://altss.com/profile/laborer-s-local-no-1174-pension-fund)
- [Laborers, District Council, Indiana](https://altss.com/profile/laborers-district-council-indiana)

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

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