named programs · 5 · from sources
What they call their work
Annuity Fund
Retirement savings plan with employer contributions; participants direct investments and may borrow or withdraw under certain conditions.
Hardship Withdrawal Program
Allows participants to request withdrawals for financial hardships such as eviction prevention, up to $7,500 once per twelve months.
Paid Family Leave
Provides income replacement for eligible participants taking time off for family care responsibilities.
Scholarship Program
Offers $7,500 annual scholarships to dependent children of eligible fund participants pursuing associate or bachelor’s degrees.
Welfare Fund Benefits
Provides health, dental, vision, prescription, and short-term disability benefits to eligible union workers and dependents.
activities · 3 groups
What they do
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Union and Association Benefit Funds 4 activities
- Administers health and welfare benefits for cement and concrete workersProvides comprehensive health benefits to eligible participants, including access to Empire BlueCross/BlueShield health insurance, prescription drug coverage through Sav-Rx, dental benefits via CIGNA, vision care through General Vision, and diagnostic imaging services via Inner Imaging. Also offers confidential 24/7 substance abuse assessment and referral services.
- Facilitates secure and efficient benefit paymentsOffers direct deposit as a method for beneficiaries to receive payments, reducing the risk of lost checks and eliminating the need for in-person bank visits. Requires beneficiaries to submit address changes to maintain accurate contact information.
- Manages annuity and retirement benefits for participantsAdministers a retirement plan established under a trust agreement from 1954 and amended in 2012, enrolling employees upon employer contribution under collective bargaining agreements. Ensures 100% vesting in participant accounts, allows borrowing and withdrawals under specified conditions, and distributes account balances upon retirement or cessation of covered employment with options to transfer to an IRA or defer distribution. Services are administered in partnership with John Hancock.
- Operates fully employer-financed benefits programProvides a benefits program fully funded by employer contributions, with no required payments from employees.
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Local High School Scholarship Programs 1 activity
- Funds annual scholarships for dependent children of eligible participantsAwards ten $7,500 scholarships annually to dependent children of eligible participants for undergraduate studies.
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Emergency Rental Assistance and Eviction Prevention 1 activity
- Provides financial hardship withdrawal assistance to prevent evictionOffers hardship withdrawals of up to $7,500 to eligible participants to prevent eviction from their principal residence, available once every twelve months.
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financials · form 990 · fy2024
revenue
Total revenue$31.73M
Contributions & grants$00%
Program service revenue$20.24M64%
Investment income$11.28M36%
Other revenue$214K
expenses
Total expenses$39.58M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$1.31M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$70.04M
Cash$8.76M
Investments$54.75M
Liabilities$7.69M
Net assets$62.35M
Liquid reserves19.3 mo
4 years on record · 2020–2024 · YoY revenue +22.5%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ABBY KAPLAN | INTERIM FD ADMIN- THRU 7/2024 | 9 | $233K |
| ALEXA ARTALE | EMPLOYEE | 13 | $193K |
| CHRISTINA MADERICH | FUND ADMINISTRATOR- EFF 5/2024 | 9 | $164K |
board members · 9
- ANGELO ANGELONE — UNION TRUSTEE
- ANTHONY AMELLA — UNION TRUSTEE
- BRIAN DALUISE — UNION TRUSTEE- EFF 5/2024
- ERIC LEE — EMPLOYER TRUSTEE
- JOHN PETERS — UNION TRUSTEE- THRU 5/2024
- JOSEPH MITRIONE — EMPLOYER TRUSTEE
- KEVIN O'BRIEN — EMPLOYER TRUSTEE
- KIERAN O'SULLIVAN — UNION TRUSTEE
- MICHAEL SALGO — EMPLOYER TRUSTEE
relationships · 24
Who they work with
- ASSOCIATION OF CONCRETE CONTRACTORS (ACCNY) Partner — Contracting association contributing to fringe benefit funds for the 2023-2024, 2024-2025, and 2025-2026 plan years
- BUILDING CONTRACTORS ASSOCIATION (BCA) Partner — Contracting association contributing to fringe benefit funds for the 2023-2024, 2024-2025, and 2025-2026 plan years
- CIGNA Partner — Dental benefits administrator for fund participants.
- Care Plus Solutions Partner — Provider of confidential employee assistance programs including substance abuse support.
- Cement & Concrete Workers District Council Network — Administers the scholarship fund for dependent children of its participants.
- Cement & Concrete Workers District Council Network — Part of a district council fringe benefit funds structure providing welfare benefits to union workers.
- Empire Blue Cross Government — Fund's third-party administrator that maintains and updates machine-readable files for transparency in coverage.
- Empire BlueCross/BlueShield Partner — Health insurance provider offering medical coverage to fund members.
- General Vision Partner — Vision care benefits provider offering eye exams and corrective lenses.
- Gorlick, Kravitz & Listhaus, P.C. Partner — Funds' Co-Counsel
- Horizon Actuarial Services, LLP Partner — Funds' Actuary
- INDEPENDENT CONTRACTORS Partner — Contracting entity contributing to fringe benefit funds for the 2023-2024, 2024-2025, and 2025-2026 plan years
- Inner Imaging Partner — Provider of diagnostic imaging services for members.
- John Hancock Partner — Administrative and technology partner providing retirement account management services and the retirement app for plan participants.
- John Hancock Retirement Plan Services Partner — Administrator of retirement savings plans for union workers.
- Laborers' International Union of North America Network — Affiliate union representing workers in construction and other industries.
- Laborers' International Union of North America Partner — CEMENT AND CONCRETE WORKERS DC is an affiliate of LIUNA, which represents over 800,000 workers in construction and other industries
- Laborers' Local 18A Concrete Workers Partner — Local union representing cement and concrete workers in Bronx, Kings, New York, Queens, and Richmond counties
- Laborers' Local 20 Concrete Workers Partner — Local union representing cement and concrete workers in Bronx, Kings, New York, Queens, and Richmond counties
- Laborers' Local 6A Concrete Workers Partner — Local union representing cement and concrete workers in Bronx, Kings, New York, Queens, and Richmond counties
- Proskauer Partner — Funds' Co-Counsel
- Sav-Rx Partner — Pharmacy benefits manager providing prescription drug services.
- Schultheis and Panettieri, LLP Partner — Fund's Accountant
- THE CEMENT LEAGUE Partner — Contracting entity contributing to fringe benefit funds for the 2023-2024, 2024-2025, and 2025-2026 plan years
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Employer-Funded Benefits to Eliminate Worker Cost Barriersmethodology: employer-funded_benefitsBy funding employee benefits entirely through employer contributions, the fund removes financial barriers for workers, increasing equitable access to health, pension, and welfare benefits regardless of individual financial capacity.
- Immediate 100% Vesting for Financial Securitymethodology: immediate_100%_vestingBy ensuring immediate and full ownership of account balances, the fund increases participant trust and financial security, which enhances perceived value and engagement with the benefits plan.
- Participant-Directed Investment Choice Modelmethodology: participant-directed_investingBy allowing participants to direct their own investments through a range of options, the fund promotes autonomy and personal financial responsibility, which supports higher engagement and tailored long-term outcomes.