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ELECTRICAL INDUSTRY BOARD OF NASSAU AND SUFFOLK COUNTIES NEW YORK
HAUPPAUGE, NY · EIN 111704823 · Form 990 · FY2024 · Very Large (>$50M) · eibofli.com
revenue
$111.3M
expenses
$111.1M
net assets
$4.8M
employees
11
program ratio
0%
mission · from form 990

TO ADMINISTER THE COLLECTIVE BARGAINING AGREEMENT ("CBA") BETWEEN THE LONG ISLAND CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOC. ("LI NECA") AND LOCAL UNION 25, IBEW ("LOCAL 25") AND TO ADMINISTER THE MULTI-EMPLOYER BENEFIT FUNDS PROVIDED FOR THEREIN (THE "FUNDS").

profile · synthesized from sources

Administers multi-employer benefit funds for electrical workers in Nassau and Suffolk Counties, NY, under a collective bargaining agreement between LI NECA and Local Union 25, IBEW. Provides health, pension, annuity, vacation, and 401(k) benefits to unionized electrical workers and retirees. Manages eligibility, claims, and fund operations for covered employees in the Long Island region.

named programs · 7 · from sources

What they call their work

401(k) Fund
Offers a defined contribution retirement savings plan with employer matching contributions for electrical workers.
Annuity Fund
Provides supplemental retirement income to eligible electrical workers through employer-contributed annuity payments.
Health & Benefit Fund
Provides medical, dental, vision, hearing, prescription drug, and employee assistance program (EAP) benefits to covered electrical workers under Plan A and Plan B options.
Pension Fund
Administers retirement pension benefits for union electrical workers based on hours worked and contributions from employers.
Short-Term Disability (Loss of Time)
Offers income replacement benefits for electrical workers unable to work due to non-work-related illness or injury.
Supplemental Unemployment Benefit (SUB) Program
Provides financial support to covered workers during periods of unemployment due to lack of work.
Vacation & Holiday Trust Fund
Provides paid vacation and holiday benefits to eligible electrical workers based on hours worked.
activities · 3 groups

What they do

  • Union and Association Benefit Funds 13 activities
    • Administers dental benefits
      Provides dental benefits including preventive, basic, and major services through a P.P.O. network administered by DDS Dental, with claims processed through DDS Inc.
    • Administers hearing benefits
      Provides hearing health care benefits through network providers EPIC Hearing Health Care and HearUSA for enrolled participants.
    • Administers medical claims
      Processes medical claims through MagnaCare, requiring provider involvement when necessary, and provides protections against surprise medical billing for emergency and certain out-of-network services.
    • Administers multi-employer benefit funds
      Administers multi-employer benefit funds established under the collective bargaining agreement between LI NECA and Local Union 25, IBEW, including health, pension, vacation and holiday, and supplemental unemployment benefits for eligible electrical industry workers.
    • Administers prescription drug benefits
      Administers prescription drug benefits through Express Scripts, covering retail and mail-order prescriptions, with reimbursement available for out-of-network purchases via Prime Therapeutics.
    • Administers vision benefits
      Provides vision care benefits through Davis Vision, including access to network providers and reimbursement for out-of-network services.
    • Manages beneficiary and enrollment services
      Provides online and printable forms for enrollment, beneficiary designation, address changes, and health surveys required for dependent coverage. Allows voluntary waiver of benefits and processes authorizations for release of protected health information for participants and dependents.
    • Provides additional participant resources
      Provides Summary Plan Descriptions, FAQs, forms, and reference links for the pension fund and other benefit programs to support participant understanding and engagement.
    • Provides comprehensive health benefits
      Provides comprehensive health benefits including hospital, medical, prescription drug, dental, vision, and hearing care to eligible electrical industry workers and their dependents in Nassau and Suffolk Counties, NY. Coverage is maintained based on minimum hour requirements (650–800 hours depending on plan) within specified periods.
    • Provides short-term disability benefits
      Provides short-term disability benefits to participants unable to work due to non-occupational illness or injury, including administration of time loss benefit claims under Plan A and Plan B.
    • Provides supplemental unemployment benefits
      Provides supplemental unemployment benefits to eligible electrical industry workers who are unemployed through no fault of their own, including administration of related claims.
    • Provides vacation and holiday benefits
      Distributes annual vacation and holiday benefit payments to eligible electrical industry workers who complete at least 40 hours in a calendar year and are employed under a participating collective bargaining agreement. Payments are distributed starting December 1st each year.
    • Supports retiree health coverage
      Provides retiree health coverage to eligible electrical workers with at least 25 years of credited service in the I.B.E.W. Local 25 Pension Fund, or 20 years if age 61 or older at retirement.
  • Labor Union Representation & Organizing 1 activity
    • Administers collective bargaining agreement
      Administers the collective bargaining agreement between the Long Island Chapter of the National Electrical Contractors Association (LI NECA) and Local Union 25, IBEW, governing employment and benefit terms for electrical industry workers in Nassau and Suffolk Counties, New York.
  • Direct Mental Health Counseling and Support Services 1 activity
    • Provides employee assistance program (EAP)
      Offers a confidential Employee Assistance Program (National EAP) providing pre-paid counseling and support services for personal, work-related, and work/life issues affecting productivity, available to participants and their dependents. Includes monthly newsletters and accessible via telephone or in-person sessions.
financials · form 990 · fy2024
revenue
Total revenue$111.26M
Contributions & grants$00%
Program service revenue$111.17M100%
Investment income$84K0%
Other revenue$0
expenses
Total expenses$111.11M
Program expenses0%
Admin / overhead0%
Fundraising0%
Salaries & benefits$1.62M
Grants paid out$0
Largest expense lineOther
balance sheet
Total assets$7.21M
Cash$6.73M
Investments$0
Liabilities$2.43M
Net assets$4.78M
Liquid reserves0.7 mo
4 years on record · 2020–2024 · YoY revenue +6.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
ROSA ARREAGA-NEGRON EXECUTIVE DIRECTOR OF THE BOARD 40 $310K
board members · 6
  • DANIEL SANCHEZ — VOTING MEMBER
  • DENNIS SHAY CALLAHAN — VOTING MEMBER
  • JAMES KENNEDY — VOTING MEMBER
  • JOHN GUADAGNO — VOTING MEMBER
  • KEVIN CASEY — CO-TREASURER
  • SUSAN PASCALE — CO-TREASURER
relationships · 36

Who they work with

  • DDS Partner — Dental services provider with a panel of participating dentists for fund participants.
  • DDS Dental Partner — Processes dental claims for fund participants.
  • DDS Inc. Partner — Dental care network provider for the Electrical Industry Board of Nassau and Suffolk Counties, NY.
  • Davis Vision Partner — Network provider for vision care services to fund participants.
  • Davis Vision Partner — Provides vision care benefits and processes out-of-network reimbursement claims.
  • Davis Vision Partner — Vision care network provider for the Electrical Industry Board of Nassau and Suffolk Counties, NY.
  • EPIC Hearing Health Care Partner — Hearing health care network provider for the Electrical Industry Board of Nassau and Suffolk Counties, NY.
  • Electrical Industry Board of Nassau and Suffolk Counties, NY Network — Administers the Vacation & Holiday Trust Fund for eligible employees in the electrical industry.
  • Employee Assistance Program Partner — Collaborates with the Employee Assistance Program to issue monthly newsletters providing support resources.
  • Express Scripts Partner — Administrator of the prescription drug plan for the health benefit fund.
  • Express Scripts Partner — Partner for at-home COVID-19 test reimbursement
  • Express Scripts Partner — Pharmacy benefits manager handling prescription drug coverage and reimbursement for Plan B.
  • Express Scripts Partner — Pharmacy benefits manager handling prescription drug program administration and mail-order services.
  • Express Scripts Partner — Prescription services network provider for the Electrical Industry Board of Nassau and Suffolk Counties, NY.
  • HearUSA Partner — Hearing health care network provider for the Electrical Industry Board of Nassau and Suffolk Counties, NY.
  • I.B.E.W. Local 25 Partner — Jointly administers retiree health coverage eligibility through the I.B.E.W. Local 25 Pension Fund.
  • I.B.E.W. Local 25 Health & Benefit Fund Government — Receives authorizations for use and disclosure of protected health information for benefit administration.
  • IBEW Local 25 Partner — Administers the Vacation and Holiday Trust Fund in conjunction with the Electrical Industry Board of Nassau and Suffolk Counties, NY.
  • LOCAL UNION 25, IBEW Partner — Jointly administers the collective bargaining agreement and multi-employer benefit funds.
  • LONG ISLAND CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION Partner — Jointly administers the collective bargaining agreement and multi-employer benefit funds.
  • MagnaCare Partner — Administrative partner managing health benefits network for Plan B participants.
  • MagnaCare Partner — Administrative partner managing provider networks and claims processing for health benefits.
  • MagnaCare Partner — Medical care network provider for the Electrical Industry Board of Nassau and Suffolk Counties, NY.
  • MagnaCare Partner — Processes medical claims, with required provider input when applicable.
  • Magnacare Partner — Processes claims for out-of-network hearing care services for fund participants.
  • Medicare Government — Government program providing health coverage information and coordination for eligible participants.
  • Member XG Partner — Provides a member login portal for accessing pension and benefit information.
  • National EAP Partner — Provider of member assistance program services for the Electrical Industry Board of Nassau and Suffolk Counties, NY.
  • National EAP, Inc. Partner — Contracted provider delivering confidential employee assistance services to participants and dependents.
  • National EAP, Inc. Partner — Contracted provider of confidential employee assistance services for participants and dependents.
+ 6 more
strategies · 2

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.

  • Defined-Benefit Trust Model for Union Workers
    methodology: defined-benefit_trust_model
    By structuring health, welfare, and vacation benefits as defined benefits funded through trust agreements tied to collective bargaining, the organization ensures consistent, predictable, and equitable access to benefits based on hours worked and negotiated rates, because legally binding trust arrangements protect worker entitlements independent of employer solvency.
  • Joint Labor-Management Governance Model
    methodology: joint_labor_management_governance
    By co-administering benefit funds and collective bargaining agreements through equal labor-management trusteeship, the organization ensures compliance, accountability, and balanced decision-making that reflects both worker and employer interests, leading to stable and trusted benefit delivery.