named programs · 3 · from sources
What they call their work
Annuity Plan
Supplemental retirement savings plan providing additional annuity benefits to participants; governed by formal plan documents and amendments.
Pension Plan
Defined benefit pension plan providing retirement income to eligible roofing workers; subject to periodic funding notices and benefit adjustments.
Welfare Plan
Provides medical, dental, vision, disability, and death benefits to eligible participants; includes prescription mail-order and medical reimbursement options.
activities · 3 groups
What they do
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Union and Association Benefit Funds 4 activities
- Administer health and welfare benefits to eligible participantsProvides medical, dental, vision, disability, and death benefits to eligible participants through a trust fund. Offers forms for medical expense reimbursement, disability compensation, and enrollment, and maintains a member portal for accessing claims information, explanation of benefits, and ID cards.
- Administer pension and annuity benefits to participantsManages and administers the Roofers Local No. 74 Annuity Plan and pension plan, including issuing summary plan descriptions, annual funding notices, benefit reduction notices, and endangered status notices. Provides downloadable summaries and updates participants on plan amendments and modifications.
- Facilitate payment and enrollment administrationProvides direct deposit enrollment forms to streamline pension and benefit payments and maintains enrollment systems for participation in the trust fund’s benefit programs.
- Provide prescription and medical supply accessOffers a mail-order program for 90-day supplies of prescription medications under the welfare plan, supporting long-term access to essential medications for beneficiaries.
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Annual Financial and Activity Reporting 1 activity
- Produce and distribute plan disclosures and compliance documentsProduces and publishes required disclosures including summary annual reports, summaries of material modifications, summaries of benefits and coverage, privacy practices notices, and COBRA rights information to ensure regulatory compliance and participant transparency.
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Uncategorized 1 activity
- Ensure transparency in healthcare pricingProduces machine-readable files detailing in-network and out-of-network healthcare payments and allowed amounts in partnership with UnitedHealthcare, UMR, and HealthSCOPE Benefits, in compliance with federal transparency regulations.
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financials · form 990 · fy2024
revenue
Total revenue$5.43M
Contributions & grants$00%
Program service revenue$4.43M82%
Investment income$654K12%
Other revenue$347K
expenses
Total expenses$6.69M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$171K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$7.08M
Cash$751K
Investments$5.62M
Liabilities$6K
Net assets$7.07M
Liquid reserves11.4 mo
4 years on record · 2019–2024 · YoY revenue +13.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 5
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MICHAEL DOYLE | UNION TRUSTE | 2 | $173K |
| MARK CARPENTER | UNION TRUSTE | 2 | $132K |
| LUKE BAECKER | FUND ADMINIS | 18 | $119K |
| PHILIP LESTER | UNION TRUSTE | 2 | $109K |
| SEAN BERNAS | UNION TRUSTE | 2 | $4K |
board members · 4
- BRIAN BABCOCK — EMPLOYER TRU
- JEFF EMBOW — EMPLOYER TRU
- PATRICK BYRNE — CHAIRMAN/EMP
- WENDY SANDERS — EMPLOYER TRU
relationships · 6
Who they work with
- Adobe Partner — Relies on Adobe Acrobat as the required software for accessing and printing official forms.
- Adobe Systems Incorporated Partner — Requires Adobe Acrobat for accessing plan documents, indicating reliance on Adobe's PDF technology.
- HealthSCOPE Benefits Partner — Partner in creating and publishing machine-readable files for health care payments and allowed amounts.
- Pomco Partner — Partner organization providing an online portal for participants to access medical claims and print ID cards.
- UMR Partner — Partner in creating and publishing machine-readable files for health care payments and allowed amounts.
- UnitedHealthcare Partner — Partner in creating and publishing machine-readable files for health care payments and allowed amounts.