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Southwest Ohio Regional Council of Carpenters Pension Plan
The Southwest Ohio Regional Council of Carpenters Pension Plan operates as a defined-benefit plan for union carpenters across its jurisdiction, tied to the...
Southwest Ohio Regional Council of Carpenters Pension Plan
The Southwest Ohio Regional Council of Carpenters Pension Plan operates as a defined-benefit plan for union carpenters across its jurisdiction, tied to the Indiana/Kentucky/Ohio Regional Council of Carpenters. Funded by employer contributions tied to member work hours, the plan falls under the umbrella of the United Brotherhood of Carpenters and Joiners of America. The board, chaired by Doug Reffitt, oversees investment decisions on behalf of participants. The plan's portfolio emphasizes buyout strategies and real estate, reflecting a pension-typical focus on capital preservation alongside steady growth. Known real estate commitments include positions in the JP Morgan Property Fund and the Principal Enhanced Property Fund, both commercial-property vehicles. Commodity exposure is channeled through the Pimco Commodity Return Fund, indicating a willingness to layer in inflation-hedging assets alongside core private-market allocations. Total assets under management have not been publicly disclosed. As a regional multiemployer plan, scale likely falls in the sub-$500 million range, consistent with similar Taft-Hartley carve-outs. The plan maintains no separate website presence beyond the regional council's benefits portal and does not publish annual reports widely. No recent operational changes or personnel moves have been publicly reported. Structurally, the plan differs from a single-family office or endowment in its governance: a joint board of union and contributing employer trustees makes allocation decisions under ERISA. This fiduciary framework imposes a statutory duty to diversify and avoid speculative risk, shaping a more conservative posture than the perpetual-capital vehicles profiled alongside it.
General information
Firm type
Pension Fund
Year founded
1964
AUM
$50M–$500M (Altss estimate)
Location
Region
North America
Country
United States
City
Troy
Corporate office
Troy, OH, United States
Principals
Doug Reffitt
Chairman of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at the Southwest Ohio Regional Council of Carpenters Pension Plan?
The Board of Trustees holds fiduciary authority over investment decisions. Doug Reffitt serves as Chairman of the Board, per public record. As a Taft-Hartley plan, trustees are appointed jointly by the union and contributing employers. Day-to-day investment management is typically outsourced to external managers, though specific consultant or OCIO relationships are not publicly disclosed.
Does the plan invest directly in companies or through funds?
The plan invests through commingled funds. Known commitments include the JP Morgan Property Fund and Principal Enhanced Property Fund for commercial real estate, and the Pimco Commodity Return Fund for commodity exposure. This fund-of-funds approach is typical for Taft-Hartley plans of this scale, which lack the internal staff to underwrite direct deals.
How is this pension plan related to the Indiana/Kentucky/Ohio Regional Council of Carpenters?
The pension plan serves members of the Indiana/Kentucky/Ohio Regional Council of Carpenters (IKORCC), which is an affiliate of the United Brotherhood of Carpenters and Joiners of America. The plan is funded by employer contributions negotiated through collective bargaining agreements administered by the regional council. IKORCC acts as a business partner rather than a direct fiduciary.
What is the plan's exposure to private equity?
The plan's strategy tags indicate a focus on buyout investments, though specific general partner relationships are not publicly disclosed. Typical Taft-Hartley plans allocate between 5% and 15% of assets to private equity, often through fund-of-funds or established middle-market managers. Without a published annual report, exact commitments remain unconfirmed.
Does the plan maintain a publicly accessible investment policy?
The plan does not publish its investment policy statement publicly, consistent with many private-sector multiemployer plans below $1 billion in assets. Filings with the Department of Labor via Form 5500 are publicly available and would detail asset holdings, service providers, and plan expenses for any given fiscal year.
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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