# Southwest Ohio Regional Council of Carpenters Pension Plan

Southwest Ohio Regional Council of Carpenters Pension Plan is a Pension Fund based in Troy, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Troy, United States
- **Region:** North America
- **Address:** Troy, OH, United States
- **Founded:** 1964
- **Assets under management:** $50M–$500M (Altss estimate)
- **Website:** swohiocarpentersfunds.org

## Regulatory record

- **Reports private funds:** No

## About

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. Total assets under management have not been publicly disclosed. 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.

## Sectors

- Real Estate
- Buyout
- Commodities

## People

- Doug Reffitt — Chairman of the Board of Trustees

## Questions

### 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.

## Related profiles

- [Southstate Advisory](https://altss.com/profile/southstate-advisory)
- [Sovereign Asset Management](https://altss.com/profile/sovereign-asset-management)

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Last updated: 2026-08-11T02:43:31.692Z

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