The Annuity Plan, a defined contribution Plan, was established as a result of the Collective Bargaining Agreements between the Unions of the United Brotherhood of Carpenters and Joiners of America and Employers. Copies of the Collective Bargaining Agreements
may be obtained from the Fund Director upon request. Contributions to the Northeast Carpenters Annuity Fund are "profit sharing" contributions under the Internal Revenue Code. The Northeast Carpenters Annuity Fund is administered by a joint Board of Trustees consisting of an equal number of union-designated trustees and employer-designated trustees. An Executive Finance Committee consisting of union and employer designated trustees functions between meetings of the Board of Trustees. In
addition, an Administrative Manager functions between meetings of the Executive Finance Committee and the Board of Trustees. The Trustees are responsible for the administration of the Annuity Plan and their decisions are final. The Plan's fiscal year ends December 31st. Payment of Annuity benefits on separation from service, as well as retirement.
Calculation of benefit payment amounts. A lump sum payment option.
Your Annuity Plan Benefit
NCF Annuity Funds Assets & Allocation as of December 31, 2020
AssetsCurrent BalanceCurrent Allocation Interest Bearing Cash
$34,400,246
1.96%
U.S. Government Securities
$10,161,458
0.58%
Corporate Debt Instruments - Preferred
$142,638,838
8.11%
Corporate Stock
$702,823,732
39.98%
Partnerships/Joint Venture Interests
$264,117,076
15.03%
Non-Participant Loans
$48,748,071
2.77%
Common/Collective Trust Funds
$120,924,292
6.88%
Pooled Separate Accounts
$28,454,318
1.62%
Investment Entities
$167,377,304
9.52%
Registered Investment Companies
$34,883,132
1.98%
Unallocated Contracts
$181,008,468
10.30%
Other Investments
$22,199,053
1.26%
Total
$1,757,735,988
100.0%
Annuity Balance Interest Rate is 16.11%
The Board of Trustees of the Northeast Carpenters Fund approved this rate of return for the 2021 Plan Year.
ANNUITY FORMS AND DOWNLOADS
KEYWORDS & DEFINITIONS
New England Carpenters Pension Fund Overview
- Type
Union Pension Fund
- Founded
1962
- Professionals
2
- AUM
00.00
- Commitments
163
New England Carpenters Pension Fund General Information
Description
New England Carpenters Pension Fund is a multi-employer defined benefit union pension fund based in Wilmington, Massachusetts. Established in 1962, the plan is a part of New England Carpenters Benefit Funds, which also includes the plans New England Carpenters Guaranteed Annuity Fund and New England Carpenters Health Benefits Fund. The collectively bargained defined benefit pension plan provides monthly retirement benefits to the eligible members. The assets of the pension fund are managed by the board of trustees.
Contact Information
New England Carpenters Pension Fund Commitments (163)
00000000 0000 000000 00 | Normandy Real Estate Partners | Morristown, NJ | 2018 | 00000 | 0000-00-00 | |
000000 00000000000000 0 | 000000 000000000 | London, United Kingdom | 2017 | 00.000 | 0000-00-00 | |
00000 000000 0000000 00 | 00000 0000000000 | Houston, TX | 2017 | 000 | 0000-00-00 | |
000000000 0000 00 | 000000000 000000 | New York, NY | 2017 | 00.000 | 0000-00-00 | |
0000 000000 000000000 0 | 0000 000 00000 | Needham, MA | 2017 | 00000 | 0000-00-00 |
You’re viewing 5 of 163 commitments. Get the full list »
Want to dig into this profile?
We’ll help you find what you need
Learn more
New England Carpenters Pension Fund Commitment Analytics
PitchBook’s data visualizations help you see a limited partner’s commitments—showing a breakdown of activity by fund type and region, complete with performance metrics.
Request a free trial
Commitments by Fund Type
Commitments by Region
New England Carpenters Pension Fund Investment Allocations
PitchBook provides insight into a limited partner’s preferred investments, including actual and target allocations by strategy, secondary market preferences and interest in first-time funds.
Request a free trial
Current PE:
42.00 % Actual
Real Estate:
42.00 % Actual
New England Carpenters Pension Fund Team (6)
Roberta Scott | Administrative Assistant | Wilmington, MA |
Thomas Flynn | Plan Sponsor | Wilmington, MA |
Richard Monarca | Plan Administrator | Wilmington, MA |
Daniel Dynan | Advisor | Wilmington, MA |
You’re viewing 4 of 6 team members. Get the full list »