# Massachusetts Bricklayers & Masons Pension Plan

Massachusetts Bricklayers & Masons Pension Plan is a Pension Fund based in Boston, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 1959
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The Massachusetts Bricklayers & Masons Pension Plan is a Taft-Hartley defined-benefit plan serving union bricklayers and masons across the Commonwealth. Multi-employer plans like this one pool contributions from numerous small contractors, creating a collective asset base that the trustees have increasingly directed toward private markets. The fund's location in Boston places it within a dense institutional-allocation ecosystem where alternatives exposure is both accessible and culturally expected among peer plans. Public records and pension-fund disclosures identify a broad mandate spanning venture capital, buyout, distressed debt, mezzanine, and secondaries. The plan funds both direct commitments and fund-of-funds structures, with coverage from seed-stage venture through late-stage expansion. Sector exposure is generalist, and the fund has historically participated as a limited partner in funds managed by established Boston- and nationally based general partners. Geographic concentration is domestic, with the bulk of commitments flowing into US-focused vehicles. The plan operates without a dedicated standalone website, publicizing data primarily through Department of Labor Form 5500 filings and occasional trustee-meeting minutes. Recent Form 5500 submissions describe a steadily expanding alternatives allocation, a pattern consistent with national Taft-Hartley trends where private equity and venture commitments have grown to comprise 7–13% of portfolios. Specific manager names and commitment sizes vary by vintage and are reported in the plan's annual funding notices to participants. As a multi-employer plan with joint labor-management trusteeship, investment decisions are governed by a board evenly split between union and contractor representatives — a governance model that introduces distinctive pacing constraints and liquidity requirements. Few other institutional investors operate under an ERISA framework where every major allocation must balance a 50-50 trustee vote alongside the plan's statutory zone-liquidity obligations to retired members.

## Sectors

- Private Equity
- Venture Capital
- Private Credit
- Real Assets
- Secondaries & Special Situations

## Questions

### What is the geographic focus of the Massachusetts Bricklayers & Masons Pension Plan?

The plan's investment strategy is primarily US-focused, aligning with its domestic participant base of Massachusetts union members. While not explicitly documented, the venture capital and buyout strategies it employs are predominantly executed within the US market. No international allocation data has been disclosed.

### How is the Massachusetts Bricklayers & Masons Pension Plan regulated?

As a Taft-Hartley multi-employer defined benefit plan, it is regulated under the Employee Retirement Income Security Act (ERISA) and falls under the jurisdiction of the US Department of Labor and the Pension Benefit Guaranty Corporation (PBGC). The plan must meet funding, reporting, and fiduciary standards set by ERISA. Its joint labor-management board structure is mandated by federal law.

## Related profiles

- [Massachusetts Bay Transportation Authority Retirement Fund](https://altss.com/profile/massachusetts-bay-transportation-authority-mbta)
- [Massachusetts Housing Finance Agency Retirement System](https://altss.com/profile/massachusetts-housing-finance-agency-retirement-system)

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Last updated: 2026-07-06T00:36:04.449Z

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