international pension fund

What international pension fund does

The International Pension Fund (IPF) is a non-profit, multiemployer defined benefit pension plan administered on behalf of members of the International Union of Bricklayers and Allied Craftworkers (BAC). Established through collective bargaining between the BAC and participating contractor associations, the IPF provides retirement security to construction and masonry trade workers in the United States and Canada, with almost all eligible BAC members participating. The Fund is part of a broader BAC benefits ecosystem that includes the International Health Fund (IHF, established 1988), the BACSave Retirement Savings Plan, the Member Assistance Program (MAP, established 1998), and a Reciprocal Clearinghouse that facilitates pension portability across local pension funds under the International Reciprocal Agreement.

The IPF distributes benefits through the BAC union structure and employer partnerships, with members accessing plan information via a web portal at member.bacweb.org and the BACMobile application available on iOS and Android. Plan governance is provided by a Board of Trustees composed of union and employer representatives under a Taft-Hartley structure subject to ERISA oversight. The Reciprocal Clearinghouse accepts and transmits pension monies between local pension and annuity funds for BAC locals that do not directly participate in the IPF. No commercial revenue, AI/ML capabilities, or proprietary technology platform are disclosed in the input data; the entity operates as a trust-administered benefits plan rather than a technology or product business.

Name

international pension fund

Legal name

International Pension Fund

Website

https://ipfweb.org

Company type

Private

Founded year

1988

Operating status

Operating

Short description

The International Pension Fund is a non-profit Taft-Hartley multiemployer defined benefit pension plan administered for members of the International Union of Bricklayers and Allied Craftworkers (BAC) and their families in the United States and Canada, providing retirement benefits alongside health, retirement savings, and member assistance programs.

Ownership category

akta.pro rank

Product category

Pension Fund Administration

NAICS

Pension Funds (525110), Insurance and Employee Benefit Funds (5251)

akta.pro primary industry

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK)

akta.pro secondary industries

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Defined benefit pensions
• Multiemployer pension plans
• Retirement benefit administration
• Union pension funds
• Retirement savings plans

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Distribution channels2 records

Core offering

International Pension Fund (IPF) administers a multiemployer defined benefit pension plan for eligible members and retirees of the International Union of Bricklayers and Allied Craftworkers (BAC). The Fund provides retirement security through pension accumulation, portable benefits via the International Reciprocal Agreement, and operates within a broader benefits ecosystem that includes the International Health Fund (IHF), BACSave Retirement Savings Plan, Member Assistance Program (MAP), and the Reciprocal Clearinghouse service.

Product overview

BAC Benefits offers a unified platform of international benefits for members of the International Union of Bricklayers and Allied Craftworkers. The portfolio consists of four interconnected core products: the International Pension Fund (IPF) provides retirement security; the International Health Fund (IHF) delivers healthcare through a Private Exchange; the BACSave Retirement Savings Plan offers supplemental retirement savings; and the Member Assistance Program (MAP) provides confidential crisis support services. The Reciprocal Clearinghouse enables portability of pension benefits across local funds through the International Reciprocal Agreement. Members can access these services via web portal and mobile applications for iOS and Android devices.

Differentiator

Problem solved

Functional benefit

Brands

• BACSave Retirement Savings Plan: A retirement savings plan offered to BAC members as part of the International Pension Fund family of benefits.
• International Health Fund (IHF)
• Member Assistance Program (MAP)
• Reciprocal Clearinghouse

Products and services

• International Pension Fund (IPF) A defined benefit pension plan established to provide retirement security to eligible Bricklayers and Allied Craftworkers (BAC) union members and retirees, with benefits accumulated through covered employment and portable across different local pension funds via the International Reciprocal Agreement.
• International Health Fund (IHF) A health fund established in 1988 that delivers healthcare benefits to BAC members through a Private Exchange offering flexibility and customization of health plan options.
• BACSave Retirement Savings Plan A supplemental retirement savings plan offered as part of the BAC benefits portfolio, allowing BAC members to build additional retirement savings alongside their IPF defined benefit pension.
• Member Assistance Program (MAP) A confidential telephone crisis intervention, referral, and information service for BAC members in the U.S. and Canada, addressing issues such as stress, depression, addiction, family conflicts, suicidality, and trauma.
• Reciprocal Clearinghouse A clearinghouse service that facilitates the International Reciprocal Agreement by accepting and sending pension monies between pension funds for locals that do not participate in the IPF directly, enabling pension portability across the network of local pension and annuity funds.
• BAC Mobile App A mobile application available on iOS and Android platforms that allows BAC members to access their benefit information on the go.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• International Union of Bricklayers and Allied Craftworkers (BAC)coreOthersThe IPF was established by the International Union of BAC and Employers to provide retirement security. The fund operates under the union's umbrella and is administered through the BAC Benefits organization.
• Contractor AssociationscoreOthersVarious contractor associations partner with the International Union to establish and support the International Pension Fund, providing employer contributions and governance through joint trusteeship.
• Local Pension and Annuity Funds (Reciprocal Clearinghouse)minorStrategic or Co-development PartnerThe Reciprocal Clearinghouse facilitates reciprocity between local pension and annuity funds. The IPF is signed to the International Reciprocal Agreement and will accept and send pension monies for other pension funds for locals that do not participate in the IPF directly.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• United Brotherhood of Carpenters Pension Fund: Multiemployer defined benefit pension plan serving carpenters and related trades via the UBC. Directly comparable to IPF as another construction-trade multiemployer DB fund with portable benefits across locals and joint union-employer governance.
• National Electrical Benefit Fund (NEBF): A Taft-Hartley multiemployer pension plan for IBEW (International Brotherhood of Electrical Workers) members. Highly comparable as a building trades multiemployer DB plan with similar governance, portability mechanisms, and exposure to construction-industry contribution volatility.
• Laborers Pension Fund (LIUNA): Multiemployer pension plan for Laborers' International Union of North America members. Directly comparable to IPF as a Taft-Hartley multiemployer DB plan covering a single major construction trade, governed jointly by union and employer trustees.
• Iron Workers Pension Plan: Multiemployer pension plan serving ironworkers under the Iron Workers union. Comparable to IPF as another construction craft multiemployer DB fund with similar work-hour-based contribution mechanics and exposure to construction sector cyclicality.
• Central States Pension Fund: A large Taft-Hartley multiemployer defined benefit pension plan serving International Brotherhood of Teamsters members across multiple industries. Directly comparable to IPF in structure (joint union-employer trusteeship, multiemployer DB), scale aspiration, and participant base of unionized workers.
• Central Pension Fund of the IUOE: Multiemployer defined benefit pension plan for International Union of Operating Engineers members (heavy equipment operators). Comparable to IPF as a construction-trade multiemployer DB fund with portable benefits across local unions and similar participant base.
• Sheet Metal Workers National Pension Fund: National multiemployer pension plan for SMART (Sheet Metal, Air, Rail, Transportation) sheet metal workers. Directly comparable as a building trades multiemployer DB pension plan providing portable retirement benefits through local union contributions.
• Plumbers and Pipe Fitters National Pension Fund: National Taft-Hartley multiemployer DB plan for UA (United Association) plumbers, pipefitters, and service technicians. Highly analogous to IPF in being a construction-trade multiemployer DB pension plan with similar participant demographics and governance structure.
• BAC Building Trades United Pension Plan: While this references IPF itself, other BAC-affiliated local pension and annuity funds operating under reciprocal agreements serve as direct peers providing near-identical defined benefit pension services to subsets of BAC members. They are the closest functional comparables to IPF in the IPF ecosystem.

Broad incumbents

• UFCW International Union Retirement Plan: Multiemployer retirement plan serving United Food and Commercial Workers union members. Comparable in being a Taft-Hartley multiemployer plan structure, though operating in food/retail rather than construction — illustrates the multiemployer DB model across different trades.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about international pension fund