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MASON TENDERS' DISTRICT COUNCIL WELFARE FUND

NEW YORK, NY · EIN 135537605 · Form 990 · FY2024 · NTEE Y43 · Mutual & Membership Benefit · Very Large (>$50M) · member.mtdctrustfunds.org
revenue
$257.4M
expenses
$261.7M
net assets
$514.6M
employees
29
mission · from form 990

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS.

profile · synthesized from sources

The Mason Tenders' District Council Welfare Fund is a multi-employer trust that provides health and welfare benefits to union-affiliated construction workers and their dependents in the New York metropolitan area. The fund offers medical, prescription, dental, vision, and mental health benefits, along with paid family leave and other supplemental benefits. Coverage is administered through third-party providers including Aetna, CVS Caremark, and Spring Health.

named programs · 6 · from sources

What they call their work

Dental Benefits
Dental coverage through Aetna’s PPO network, offering participants flexibility to choose in-network or out-of-network providers.
Medical Benefits
Comprehensive medical coverage administered by Aetna, including in-network and out-of-network provider options and compliance with federal price transparency rules.
Member Assistance Program (MAP)
Confidential mental health and substance use support administered by Spring Health, including crisis intervention, therapy, and specialized programs like the Weight & Wellness Journey.
Other Benefits
Includes weekly accident and sickness benefits, New York State Paid Family Leave, vacation accounts for Local 78 and 79 members, and death and gravesite benefits.
Prescription Drug Benefits
Pharmacy benefits managed through Aetna/CVS Caremark, including retail network access and mail-order services for maintenance medications.
Vision Benefits
In-network vision benefits provided through Davis Vision, GVS General Vision Services, or Vision Screening.
activities · 3 groups

What they do

  • Union and Association Benefit Funds 4 activities
    • Administer health benefits to eligible members
      Provides comprehensive medical, prescription drug, dental, and vision benefits to eligible members through third-party administrators including Aetna, CVS Caremark, Davis Vision, GVS General Vision Services, and Vision Screening. Benefits are funded by mandatory employer contributions under collective bargaining agreements.
    • Administer pension and retirement benefits
      Provides pension benefits based on employer contributions mandated by collective bargaining agreements, with benefits calculated by years of credited service and applicable accrual rates. Participants are immediately 100% vested in employer contributions and can access pension estimates, applications, and direct deposit forms through online systems.
    • Manage participant accounts and benefits access
      Provides members with online access to personal information, fund status, work history, plan documents, beneficiary details, enrollment forms, eligibility history, annuity account balances, payment history, and hardship withdrawal rules through a digital Member Portal.
    • Provide additional financial and family leave benefits
      Offers weekly accident and sickness payments, New York State Paid Family Leave, annual vacation accounts for Local 78 and 79 members, and death and gravesite benefits to eligible participants.
  • Community Service Office Operations 1 activity
    • Offer in-person and direct member support services
      Operates an office for members to drop off forms during business hours and provides access to a Member Advocate through scheduled phone or email appointments for personalized assistance.
  • Direct Mental Health Counseling and Support Services 1 activity
    • Provide mental health and wellness support services
      Offers a free, confidential Member Assistance Program through Spring Health, including personalized care, substance use disorder support, and the Weight & Wellness Journey program focused on therapy, coaching, and clinician-designed content for eating behaviors, body image, and health habits.
financials · form 990 · fy2024
revenue
Total revenue$257.43M
Contributions & grants$00%
Program service revenue$223.39M87%
Investment income$33.74M13%
Other revenue$307K
expenses
Total expenses$261.72M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$4.63M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$570.42M
Cash$71.53M
Investments$452.06M
Liabilities$55.86M
Net assets$514.56M
Liquid reserves24.0 mo
5 years on record · 2020–2024 · YoY revenue -0.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
ANNA GUTSIN FUND DIRECTOR 35 $473K
VICKRAM MAHADEO ACCOUNTING MANAGER 35 $300K
DOMINICK GIAMMONA CONTRIBUTIONS MANAGER 35 $236K
OLGA YANKILEVICH WELFARE MANAGER 35 $219K
DAVID MORALES PENSION/ANNUITY MANAGER 35 $205K
board members · 10
  • ANTHONY VITA — ALT UNION TRUSTEE - EFF 02/24
  • CHAZ RYNKIEWICZ — ALT UNION TRUSTEE - THRU 02/24
  • DAVID BOLGER — UNION TRUSTEE
  • JOHN O'HARE — EMPLOYER TRUSTEE
  • JOHN VIRGA — EMPLOYER TRUSTEE
  • KAREN GRANDO — EMPLOYER TRUSTEE- EFF 01/24
  • MICHAEL E HELLSTROM — UNION TRUSTEE
  • MICHAEL PROHASKA — UNION TRUSTEE
  • NICHOLAS GRECCO — EMPLOYER TRUSTEE
  • PAWEL GRUCHACZ — UNION TRUSTEE
relationships · 13

Who they work with

  • Aetna Partner — Administers health and prescription drug benefits for the fund.
  • Aetna Partner — Aetna administers medical, prescription drug, and dental benefits as network provider, third-party claims administrator, and prescription benefit manager.
  • CVS Caremark Partner — Partners with Aetna to administer prescription drug benefits, including specialty pharmacy and prior authorization services.
  • CVS Caremark Partner — Partners with Aetna/CVS Caremark to provide prescription drug benefits through a national pharmacy network and mail-order service.
  • Davis Vision Partner — One of three in-network providers offering vision benefits to fund participants.
  • Employers Partner — Employers make mandatory contributions to the Fund on behalf of covered employees under collective bargaining or participation agreements.
  • GVS General Vision Services Partner — One of three in-network providers offering vision benefits to fund participants.
  • LHL Partner — Partner organization providing mental health or substance use support services to members.
  • Labor Helping Labor Partner — Provides peer recovery support and services for participants and families dealing with substance use disorders.
  • Mason Tenders’ District Council Trust Funds Government — Operates the welfare fund and provides administrative services for member benefits.
  • Spring Health Partner — Administers the Member Assistance Program, including mental health support, substance use disorder services, and the Weight & Wellness Journey program.
  • Spring Health Partner — Partner organization providing mental health, substance use, and wellness services to members.
  • Vision Screening Partner — One of three in-network providers offering vision benefits to fund participants.
strategies · 4

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.

  • Integrated Wellness Model
    methodology: integrated-wellness
    By connecting members to therapy, coaching, and clinical content, the program supports sustainable healthy eating behaviors, body image, and health habits because holistic behavioral support is more effective than isolated interventions.
  • Managed Care Network Incentive Model
    methodology: managed_care_network
    By using differential cost-sharing in both dental and medical services, the fund incentivizes use of in-network providers, which controls costs and improves care coordination because financial incentives shape provider selection and network utilization.
  • Personalized Benefits Navigation
    methodology: member_advocate_support
    By providing Member Advocates who offer personalized support, members are better able to navigate complex benefits systems, leading to higher utilization and satisfaction because direct human assistance reduces barriers to access.
  • Service-Based Vesting and Accrual System
    methodology: service-based vesting and accrual
    By linking retirement benefit accrual to length of service and defined contribution rates, with vesting as a threshold for eligibility, the fund promotes workforce stability and long-term participation because sustained engagement is rewarded with secure benefits.