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New Holland Borough
New Holland Borough established its pension fund in 1956 to provide retirement security for municipal employees in this Lancaster County community.
New Holland Borough
New Holland Borough established its pension fund in 1956 to provide retirement security for municipal employees in this Lancaster County community. The plan operates as two distinct structures — the Police Pension Plan for uniformed officers and the Non-Uniformed Pension Plan for general borough workers — offering both defined benefit and defined contribution options. Oversight rests with the Borough Council, led by President Patrick K. Morgan, with day-to-day administration managed by Borough Manager J. Richard Fulcher. The pension portfolio, estimated at roughly $6M (Altss estimate), follows a conservative public-pension allocation model common to small Pennsylvania municipalities. Asset classes include investment-grade fixed income, domestic large-cap equities, and cash equivalents, with allocations governed by Pennsylvania's Act 205 municipal pension regulations. The fund does not disclose individual positions, but its structure reflects standard liability-driven investing for a small public workforce. The borough participates in intermunicipal service agreements — notably a police partnership with West Earl Township commencing in 2026 — and regional planning initiatives through the ELANCO Regional Comprehensive Plan alongside Earl, East Earl, and Terre Hill boroughs. The plan's governance is embedded within New Holland's borough government, with no dedicated investment staff. Council President Morgan presides over pension approvals, while the borough maintains memberships in the Pennsylvania State Association of Boroughs and the PennPRIME workers' compensation and liability trust. In 2025, the borough continued its donor-advised fund relationship with the Lancaster County Community Foundation, alongside support for the ELANCO Library and New Holland Summer Arts Association — philanthropic activities structurally separate from pension assets. The fund's architecture is defined by its regulatory framework rather than a distinctive investment philosophy. Pennsylvania's Act 205 mandates minimum municipal pension contributions and actuarial reporting, creating a compliance-driven posture. Unlike private-sector plans, the borough's pension obligations are backed by municipal taxing authority — a structural backstop that shapes its risk tolerance and distinguishes it from corporate or single-family-office investment programs.
General information
Firm type
Pension Fund
Year founded
1956
Location
Region
North America
Country
United States
City
New Holland
Corporate office
New Holland, PA, United States
Principals
Patrick K. Morgan
Council President
M. Timothy Bender
Mayor
J. Richard Fulcher
Borough Manager
Sector focus
Frequently asked questions
What is the size and structure of New Holland Borough's pension assets?
Altss estimates the combined pension assets at approximately $6M. The plan consists of two separate structures: the Police Pension Plan covering uniformed officers and the Non-Uniformed Pension Plan for general borough employees. Both plans offer defined benefit and defined contribution options, governed by Pennsylvania's Act 205 municipal pension regulations.
Who oversees investment decisions for the borough's pension plans?
The New Holland Borough Council, presided over by Patrick K. Morgan, holds oversight authority for pension plan approvals. Day-to-day administrative responsibility falls to Borough Manager J. Richard Fulcher. The borough does not employ dedicated investment staff and likely relies on external consultants or commingled state municipal vehicles for asset management.
Does New Holland Borough participate in any regional pension or service pools?
The borough participates in PennPRIME, a Pennsylvania municipal workers' compensation and liability trust. It also engages in intermunicipal service agreements — including a police partnership with West Earl Township starting in 2026 — and regional planning through the ELANCO Regional Comprehensive Plan with Earl, East Earl, and Terre Hill boroughs. These agreements do not pool pension assets directly but affect the participant base.
What investment strategies does the borough's pension plan employ?
The plan follows a conservative municipal allocation model typical of small Pennsylvania boroughs, with exposure concentrated in investment-grade fixed income, domestic large-cap equities, and cash equivalents. Allocations are shaped by Act 205 requirements and the need to match liabilities for a small workforce. The fund does not pursue alternatives, private equity, or direct co-investments.
How are the borough's philanthropic activities separated from pension assets?
Philanthropic vehicles — including the New Holland Borough Donor-Advised Fund hosted by the Lancaster County Community Foundation and support for the ELANCO Library — operate entirely outside the pension plans. These are discretionary community allocations from the borough's general fund, not pension assets, and are approved through standard municipal budgeting processes.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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