Wisconsin Masons' Pension Fund

Investment policy and oversight are the responsibility of the board of trustees, which includes James Vick and Jeffrey Leckwee. Day-to-day plan administration is handled by Mark Traino. The precise delegation of investment authority — whether to a CIO, an investment committee, or an outside OCIO — is not publicly documented. Taft-Hartley plans of this profile often use an investment consultant or outsourced chief investment officer to support trustee decision-making.

Both funds serve the same union membership base — the Bricklayers & Allied Craftworkers District Council of Wisconsin — and operate under the same Taft-Hartley framework with shared governance oversight. The pension fund handles retirement income, while the health care fund covers active and retired members' medical benefits. They are legally separate trusts with distinct funding, actuarial assumptions, and regulatory filings.

Capital comes from collectively bargained employer contributions negotiated between the Bricklayers & Allied Craftworkers District Council of Wisconsin and signatory contractors. Each covered hour worked by a union member triggers a fixed contribution rate per the collective bargaining agreement. This contribution stream is contractually defined and flows into the trust regardless of any single employer's profitability.

The fund does not maintain a public website with portfolio holdings, manager rosters, or capital-commitment announcements. Detailed investment disclosures are filed annually with the U.S. Department of Labor via Form 5500, which lists the fund's service providers, audit firm, and broad asset categories. Specific private-market fund commitments become public only when a receiving GP reports the fund as an investor.

The fund's co-investment posture is not publicly documented. For smaller multiemployer plans, co-investment programs are relatively rare due to the governance burden and speed-of-decision requirements. A more likely structure involves commitments to commingled private-market funds selected with the support of an investment consultant.

The fund's stated strategy is diversified, implying a standard institutional mix of public equities, fixed income, and likely allocations to real estate and private-market strategies. Specific asset-class targets are not publicly disclosed. The fund's Form 5500 filing would provide the auditor's breakdown of reported asset categories.

Taft-Hartley requires an equal number of union and employer trustees, mandating joint decision-making on all fiduciary matters including investment policy. This means every allocation, manager hire, and benefit-rule change must clear a board where neither labor nor management can unilaterally control the outcome. The structure deliberately slows decision-making in favor of aligned fiduciary representation.