# Northern California Tile Benefit Fund

Northern California Tile Benefit Fund is a Pension Fund based in Pleasanton, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Pleasanton, United States
- **Region:** North America
- **Address:** Pleasanton, CA, United States
- **Founded:** 1984
- **Assets under management:** Undisclosed
- **Website:** www.bac3tilebenefits.org

## Regulatory record

- **Reports private funds:** No

## About

The Northern California Tile Industry Defined Benefit Pension Plan is a jointly trusteed Taft-Hartley pension fund serving union tilesetters, terrazzo workers, and finishers in Northern California. Employee trustees are appointed by Bricklayers and Allied Crafts Local Union No. 3, while employer trustees are named by the Tile, Terrazzo, Marble and Restoration Contractors Association of Northern California. The plan is administered by BeneSys Administrators from Pleasanton, California. Participants vest after five years of credited service, with normal retirement at 60. The plan allocates across a conventional defined-benefit mix: public equities, fixed income, and an alternatives book that includes a pooled commercial real estate investment portfolio and a dedicated alternative investment portfolio spanning private equity and hedge fund commitments. The geographic focus is domestic, with commercial properties held in the United States. The fund does not disclose its roster of external managers or specific direct holdings publicly, consistent with many multi-employer plans of its size. The board operates with equal representation — union and contractor trustees share governance. Employee trustee Dave Jackson serves as Business Manager of BAC Local 3, and employee trustee Troy Garland acts as Secretary-Treasurer of the local. Richard N. Hill, Esq. represents the employer side. The plan has not announced recent operational changes or strategy shifts in the last 24 months through public channels, and its Form 5500 filings provide the primary window into its investment posture. The plan's structure is a textbook Taft-Hartley multi-employer defined-benefit trust. Unlike corporate plans, investment decisions require joint approval from labor and management trustees, a governance layer that can slow allocations but aligns interests across both sides of the bargaining table. The fund's return target — and its tolerance for illiquidity — is shaped by a demographic reality: a workforce that puts in decades of physical labor and then needs reliable monthly checks, not trophy assets.

## Sectors

- Real Estate
- Private Equity
- Hedge Funds
- Fixed Income

## People

- Dave Jackson — Employee Trustee, Business Manager of BAC Local 3
- Troy Garland — Employee Trustee, Secretary-Treasurer of BAC Local 3
- Richard N. Hill, Esq. — Employer Trustee

## Questions

### Who makes investment decisions at the Northern California Tile Industry Pension Plan?

A joint board of trustees — half appointed by Bricklayers and Allied Crafts Local Union No. 3, half by the Tile, Terrazzo, Marble and Restoration Contractors Association of Northern California — governs investment policy. The plan is administered day-to-day by BeneSys Administrators out of Pleasanton, California. Specific investment committee members and any consulting relationships are not publicly disclosed.

### Who are the trustees on the board?

Employee trustees include Dave Jackson, Business Manager of BAC Local 3, and Troy Garland, Secretary-Treasurer of the local. Richard N. Hill, Esq. serves as an employer trustee. The full board composition is not online, but the trustees serve staggered terms and are listed on annual Form 5500 filings.

## Related profiles

- [Northern California Plastering Industry Pension Plan](https://altss.com/profile/northern-california-plastering-industry-pension-plan)
- [Northern California Tile Industry Defined Contribution Plan](https://altss.com/profile/northern-california-tile-industry-defined-contribution-plan)

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Last updated: 2026-07-08T22:17:15.715Z

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