# New Jersey B.A.C. Health Fund New Jersey B.A.C. Health Fund is a Pension Fund based in Fairfield, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Fairfield, United States - **Region:** North America - **Address:** Fairfield, NJ, United States - **Assets under management:** Undisclosed - **Website:** bacnj.com ## Regulatory record - **Reports private funds:** No ## About The New Jersey B.A.C. Health Fund operates as a Taft-Hartley multi-employer health and welfare plan serving active and retired members of the Bricklayers and Allied Craftworkers (BAC) Union in New Jersey. John F. Capo, who serves as Secretary/Treasurer of the BAC Administrative District Council of New Jersey, directs the fund from its Fairfield headquarters. The fund's wealth originates not from a single family or endowment but from hourly contributions negotiated in collective bargaining agreements with signatory masonry and construction contractors statewide. The fund's investment posture is characterized by allocations to pooled real estate and infrastructure vehicles tied to organized labor. Known commitments include the AFL-CIO Housing Investment Trust, which finances multifamily residential projects using union labor, the AFL-CIO Building Investment Trust for commercial properties, and the Multi-Employer Property Trust (MEPT), a diversified core real estate fund. These commitments serve a dual purpose: generating risk-adjusted returns to fund member benefits while ensuring that capital deployment creates work hours for BAC members. The fund also sponsors the BAC SAVE Retirement Savings Plan, providing an adjacent defined-contribution vehicle for union participants. The fund is embedded within a network of New Jersey and national building-trades institutions. Richard Tolson, a former director of the Bricklayers Union for New Jersey and a trustee of the International Masonry Institute, has been associated with the fund's governance. Capo holds a seat on the Executive Board of the New Jersey State AFL-CIO, and Tolson serves on the board of the Casino Reinvestment Development Authority (CRDA), giving the fund direct connectivity to state-level economic development and redevelopment deal flow. The fund's Member Assistance Program distinguishes it operationally, providing confidential crisis intervention and referral services to union families at no cost — a benefit design uncommon among single-employer plans. The fund's structural differentiator is its character as a collectively bargained multi-employer plan within the International Pension Fund network. This architecture pools contributions from hundreds of small contractors who might otherwise offer no retirement or health benefits, creating an institutional asset pool that behaves like a pension fund but is governed jointly by union and management trustees. The adjacency to AFL-CIO investment vehicles means the fund's allocation decisions are explicitly screened for labor impact — in effect, a built-in double-bottom-line mandate that ties fiduciary duty to union employment outcomes. ## Sectors - Real Estate - Infrastructure ## People - John F. Capo — Director - Richard Tolson — Former Director of the Bricklayers Union for NJ; Trustee of the International Masonry Institute ## Questions ### Who runs investment decisions at the New Jersey B.A.C. Health Fund? John F. Capo serves as Director of the fund and concurrently as Secretary/Treasurer of the BAC Administrative District Council of New Jersey. Richard Tolson, a former director of the Bricklayers Union for New Jersey and a trustee of the International Masonry Institute, has also been involved in the fund's governance. The fund's board of trustees, composed of union and management representatives as required under Taft-Hartley rules, oversees allocation decisions. ### How is the New Jersey B.A.C. Health Fund structured as an institutional investor? The fund is a Taft-Hartley multi-employer health and welfare plan. Contributions come from signatory masonry and construction contractors under collective bargaining agreements with the Bricklayers and Allied Craftworkers union. The fund pools these hourly contributions to provide health benefits and operates a Member Assistance Program, while also making institutional allocations to pooled real estate and infrastructure vehicles. ### What investment sectors does the New Jersey B.A.C. Health Fund target? The fund's known allocations are concentrated in real estate and infrastructure. The AFL-CIO Housing Investment Trust targets multifamily residential projects, the Building Investment Trust focuses on commercial properties, and MEPT pursues a diversified core real estate strategy. These allocations are selected in part for their capacity to generate work hours for union building-trades members. ### What is the relationship between the New Jersey B.A.C. Health Fund and the International Pension Fund? The New Jersey fund operates as part of the broader International Pension Fund and International Health Fund network that administers benefits for BAC union members across multiple jurisdictions. This affiliation provides shared administrative infrastructure and pooled investment access, though the New Jersey fund retains its own trustee governance and local Taft-Hartley plan documents. ### Does the fund maintain any structures beyond its core health and welfare mission? Yes. The fund sponsors the BAC SAVE Retirement Savings Plan, a defined-contribution vehicle available to union members. It also operates a Member Assistance Program that provides confidential telephone crisis intervention, referral, and information services at no cost to active and retired BAC members and their families — a direct-service benefit uncommon in multi-employer plan design. ### What governance ties does the New Jersey B.A.C. Health Fund's leadership have outside the fund itself? John F. Capo sits on the Executive Board of the New Jersey State AFL-CIO, connecting the fund to the state's broader labor federation. Richard Tolson serves on the board of the Casino Reinvestment Development Authority, a public agency that channels casino tax revenue into economic development projects. Both roles give the fund direct insight into policy and redevelopment deal flow within New Jersey. ## Related profiles - [Midland King's Daughters Endowment](https://altss.com/profile/midland-kings-daughters-endowment) - [Masonic Hall & Asylum Employees Retirement Fund](https://altss.com/profile/masonic-hall-and-asylum-employees-retirement-fund) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/new-jersey-bac-health-fund Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology