# Northern California Plasterers Trust Funds

Northern California Plasterers Trust Funds is a Pension Fund based in Dublin, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Dublin, United States
- **Region:** North America
- **Address:** Dublin, CA, United States
- **Founded:** 1965
- **Assets under management:** Undisclosed (Altss estimate: ~$155M)
- **Website:** plasterersbenefits.com

## Regulatory record

- **Reports private funds:** No

## About

The Northern California Plasterers Trust Funds, anchored by its Pension Plan, was established in 1965 as a Taft-Hartley multiemployer defined-benefit plan. The trust is jointly governed by a board representing both labor and management: Chairman Chet Murphy represents Plasterers' Local Union No. 66, while Trustee Kristen Meiswinkel — CFO of signatory contractor RFJ Meiswinkel Company — represents contributing employers. Operative Plasterers' & Cement Masons' Local Union No. 300 is a participating local, channeling hourly contributions into the plan. The plan's investment portfolio operates with the specific constraints of a mature defined-benefit fund. Asset classes include publicly traded common stocks, mutual funds, registered investment companies, and real estate. A known direct property holding is a stake in the RREEF America REIT II, a diversified US mixed-use real estate vehicle. The trust also pursues a secondaries strategy, a common liquidity-management and rebalancing tool among Taft-Hartley plans of this size. Geographic focus is concentrated in the United States. Total assets are not publicly disclosed by the fund; Altss estimates plan assets at approximately $155 million. The board includes fiduciary representation from the Wall and Ceiling Alliance (WACA), where Trustee Meiswinkel also serves on the board of directors. She is a member of the executive peer network Vistage Group and previously served as Vice President of the Bay Area Subcontractors Association, connecting the trust's governance to a wider network of industry and professional peers in the region. No dedicated internal investment staff has been disclosed; a plan of this size typically relies on an external consultant-advised trustee-governed model. The trust's structural differentiator is its Taft-Hartley design, which legally bakes equal labor-management representation into every investment policy decision. The board's fiduciary duty is jointly held by union and contractor trustees — a governance architecture that fundamentally shapes acceptable risk, manager selection, and the use of industry-adjacent real estate vehicles like the RREEF REIT. All investment decisions are made through a lens of preserving collectively bargained retirement security for a specific, localized building-trades workforce in the Bay Area.

## Sectors

- Real Estate
- Secondaries & Special Situations

## People

- Chet Murphy — Chairman of the Board of Trustees
- Kristen Meiswinkel — Trustee

## Questions

### How is the Northern California Plasterers Trust Funds structured?

It is a Taft-Hartley multiemployer defined-benefit pension plan. Contributions are negotiated through collective bargaining agreements between the participating union locals — including Plasterers' Local Union No. 66 and Operative Plasterers' & Cement Masons' Local Union No. 300 — and signatory contractors such as RFJ Meiswinkel Company. Governance is split evenly between labor and management trustees.

### What is the plan's known posture on real estate investments?

Real estate is a deliberately chosen core asset class for the trust. The plan holds an interest in the RREEF America REIT II, a diversified mixed-use property fund. For Taft-Hartley construction-trade pension plans, real estate investments often carry the additional benefit of being an asset class the trustees — many of whom come from contracting backgrounds — understand deeply.

### Which labor unions participate in the Northern California Plasterers Trust Funds?

Two participating locals are confirmed: Plasterers' Local Union No. 66, of which Chairman Chet Murphy is a representative, and Operative Plasterers' & Cement Masons' Local Union No. 300. These locals, along with contributing signatory employers, form the contribution base that funds the pension plan.

## Related profiles

- [City of Royal Oak Employee Retirement System](https://altss.com/profile/city-of-royal-oak-employee-retirement-system)
- [The New York Institute for Special Education (NYISE)](https://altss.com/profile/the-new-york-institute-for-special-education-nyise)

---

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

Canonical page: https://altss.com/profile/northern-california-plasterers-trust-funds

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