# NALC Annuity Trust Fund

NALC Annuity Trust Fund is a Pension Fund based in Ashburn, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Ashburn, United States
- **Region:** North America
- **Address:** 20547 Waverly Court, Ashburn, Virginia, United States
- **Founded:** 1954
- **Assets under management:** 340 (Altss estimate)
- **Website:** nalc.org
- **LinkedIn:** https://www.nalc.org

## Regulatory record

- **Reports private funds:** No

## About

The NALC Annuity Trust Fund was created in 1954 by the National Association of Letter Carriers to manage retirement assets for its members. Brian Renfroe, current NALC president, acts as plan administrator alongside trustee Sandy Laemmel. The fund holds a 2.06 percent allocation to private equity and maintains limited-partner positions in Hamilton Lane Strategic Opportunities Fund VI and Washington Capital Management Real Estate Opportunity Fund VIII. It also owns eight commercial and residential properties, including the Vincent R. Sombrotto Building in Washington, DC, the NALC Health Benefit Plan Building in Ashburn, Virginia, and regional offices in Ohio, Texas, Georgia, and California. Public holdings include a position in the Vanguard Total Stock Market Index Fund valued at approximately $85 million. The fund reports 340 million dollars in assets. It operates from a single headquarters in Ashburn and maintains relationships with auditors WithumSmith+Brown and actuaries Lewis & Ellis. In November 2025 the fund sponsored the NALC Rap Session in Washington, DC. Governance ties the annuity trust directly to the parent union, with investment decisions executed through external advisors Segal Marco Advisors and Washington Capital Management.

## Sectors

- Private Equity
- Real Estate

## People

- Brian Renfroe — Plan Administrator
- Sandy Laemmel — Trustee

## Questions

### Who runs investment decisions at NALC Annuity Trust Fund?

Brian Renfroe serves as plan administrator. External advisors Segal Marco Advisors and Washington Capital Management execute day-to-day portfolio management.

### Does NALC Annuity Trust Fund participate in fund commitments or only direct deals?

The fund holds both limited-partner commitments in private-equity and real-estate funds and direct ownership of commercial and residential properties through LLCs.

### What asset classes does the fund currently hold?

Holdings include private equity, real estate, marketable securities, and union-affiliated trusts such as the AFL-CIO Housing Investment Trust.

### How is the fund related to the National Association of Letter Carriers?

The NALC established the annuity trust in 1954 and remains its sole sponsor; the union president serves as plan administrator.

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

Canonical page: https://altss.com/profile/nalc-annuity-trust-fund

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