Unions and Health & Welfare Funds
Boston Benefit Partners, LLC (BBP) is a strong believer in the necessity of labor-management cooperation in the design and implementation of employee benefit plans, and our work with municipal unions and Taft-Hartley Health & Welfare Funds is a natural outgrowth of this belief.
Taft-Hartley Funds
We understand that every Fund is unique and has a distinct set of challenges. Today, many fund administrators and trustees are facing difficult decisions regarding plan design and contribution levels, and are often unclear as to what direction they should pursue.
BBP recognizes that every challenge deserves careful analysis and problem solving. Utilizing our data driven approach, we identify the issues, map out the data, and provide fund administrators and trustees with customized solutions based on clear and concise information.
Together with our consulting actuary, we provide actuarial analysis and forecasting, Annual Reports, Actuarial Attestations for Medicare Part D, and SOP 92-6 Valuations. As important, we work with the fund administrator and trustees on a proactive basis to forecast future health care expenditures and resolve all ongoing and day-to-day issues.
Public Sector Unions
Municipal and state budgets are under stress during these tough economic times. Facing severe budget deficits, municipal managers and elected officials are seeking to cut health insurance budgets for municipal and state workers.
BBP provides detailed analysis to union members so they can ascertain the cost ramifications of any proposed health insurance change. In addition, BBP successfully works with union field staff and leadership to educate those who serve on local Insurance Advisory or Section 19 Committees as well as with the general membership.
Value
Clients are our first priority. We are dedicated to every client and work diligently to serve the unique requirements of each union or Taft-Hartley Health & Welfare Fund. A major goal, to deliver real value, is accomplished through our unparalleled customer service and our depth and breadth of experience, both of which exceed that of many large consulting firms, but often at a lower cost.
"Boston Benefit Partners came to serve our Plan during its most severe financial crisis since its establishment in 1954. Through BBP's expert, unbiased advice, we went from near dissolution to enjoying a remarkable recovery allowing fiscal stabilization and significant reserve in a relatively short time. We have benefited from their unique industry experience, and I highly recommend BBP to other Multi-Employer Plan sponsors."
Roger Gill
Fund Administrator
Plumbers and Gasfitters Local No. 12