Annuity Plan

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. The Plan maintains the former Empire State Carpenters Annuity Plan accounts and New Jersey Carpenters Annuity Plan accounts for participants under those Plans and establishes new accounts for individuals who become participants after January 1, 2016. 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.

NCF Annuity Funds Assets & Allocation as of December 31, 2017

AssetsCurrent BalanceCurrent Allocation
Interest Bearing Cash$39,724,7861.91%
U.S. Government Securities$54,049,0942.6%
Corporate Debt Instruments - Preferred$30,031,6061.45%
Corporate Debt Instruments - Other$110,741,3755.33%
Corporate Stock - Preferred$3,064,3200.15%
Corporate Stock - Common$751,754,13536.19%
Partnerships/Joint Venture Interests$303,708,89514.62%
Non-Participant Loans$103,269,6664.97%
Common/Collective Trust Funds$243,568,07311.73%
Pooled Separate Accounts$26,032,2491.25%
Investment Entities$162,232,9287.81%
Registered Investment Companies$35,135,0031.69%
Unallocated Contracts$198,402,6089.55%
Other Investments$15,377,6010.74%
Total$2,077,092,339100.0%

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