named programs · 2 · from sources
What they call their work
Appeal Process
Offers a formal review procedure for members whose benefit claims are denied, including access to relevant documents, consultation with medical professionals, and a decision by an independent Appeals Committee.
Welfare Plan
Provides medical, dental, prescription, vision, hospital, and death benefits to eligible union members and their dependents who meet the 400-hour work requirement in covered employment.
activities · 3 groups
What they do
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Union and Association Benefit Funds 3 activities
- Administer health and welfare benefitsProvides medical, hospital, prescription drug, dental, vision, and death benefits to eligible union members, spouses, and dependents through the Welfare Plan. Participants may examine plan documents and request copies or summaries of financial reports and benefit information.
- Administer participant-directed annuity planProvides a retirement income supplement through an annuity plan funded by employer contributions specified in collective bargaining agreements. Offers diverse investment options, loan provisions, and hardship distributions for eligible participants.
- Administer pension planProvides pension benefits to union members employed by contributing employers under collective bargaining agreements, with vesting after five years of service and eligibility based on hours worked. Issues statements indicating entitlement to pension at Normal Retirement Age and requires in-person application submission through the Fund Office.
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Union-Affiliated Trade Apprenticeship & Training 2 activities
- Deliver construction industry training and apprenticeship programsOffers a three-year Department of Labor-certified apprenticeship program with 144 hours of classroom instruction per year and 4,000–6,000 hours of hands-on training. Provides skill-advancement courses, simulation-based training (e.g., CM Labs, John Deere simulators), and certification preparation in safety compliance, OSHA standards, NYC Department of Buildings licensing, and specialized operator testing (NCCCO, OECP).
- Offer specialized safety and operator certification training coursesProvides a range of training courses including 30-hour and 8-hour climber/tower crane rigger training, 16-hour and 8-hour rigging worker courses, 4-hour scaffold user training, 8-hour hoisting machine operator refresher, 40-hour hoisting machine operator training, 32-hour rigging supervisor training, 2-hour drug and alcohol awareness, 8-hour fall prevention, monthly OSHA refresher and forklift training, 40-hour Hazwoper certification twice per year, 8-hour Hazwoper refresher, and periodic asbestos refresher training for NY State and NYC certification.
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Interest-Free Loan and Grant Support 1 activity
- Provide participant loans and hardship withdrawalsOffers loans for home improvement, mortgage foreclosure prevention, education, medical costs, unemployment, and funeral expenses, including principal residence loans repayable over 120 months. Loan amounts range from $1,000 to 50% of account balance or $50,000, subject to outstanding balances. Also provides hardship withdrawals for participants with immediate and heavy financial needs who are not eligible for loans.
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financials · form 990 · fy2024
revenue
Total revenue$33.38M
Contributions & grants$00%
Program service revenue$31.86M95%
Investment income$1.50M4%
Other revenue$14K
expenses
Total expenses$36.62M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$33.29M
Cash$10.36M
Investments$20.94M
Liabilities$5.60M
Net assets$27.69M
Liquid reserves10.3 mo
6 years on record · 2019–2024 · YoY revenue +12.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| THOMAS GORDON | UNION TRUSTEE | 1 | $375K |
| MARLENE MONTERROSO | FUND ADMIN. | 11 | $364K |
board members · 10
- EDWARD M CHRISTIAN — ALT UNION TRUSTEE - EFF 3/25
- EDWIN L CHRISTIAN — UNION TRUSTEE
- HUGH MANLEY — UNION TRUSTEE - EFF 3/25
- JOHN CRONIN — UNION TRUSTEE
- JOHN F O'HARE — EMPLOYER TRUSTEE
- KENNETH KLEMENS — UNION TRUSTEE - THRU 3/25
- MIKE SALGO — EMPLOYER TRUSTEE
- ROBERT WESSELS — ALT EMPLOYER TRUSTEE - EFF 12/24
- TYREEF BEVEL — EMPLOYER TRUSTEE
- WILLIAM TYSON — EMPLOYER TRUSTEE
relationships · 15
Who they work with
- Contributing Employers Partner — Employers make fringe benefit contributions to the Welfare Fund pursuant to collective bargaining agreements to finance health care benefits.
- Empower Government — Provides account access and administrative services for annuity fund participants.
- Empower Partner — Partner organization through which participants access their accounts and initiate loan or withdrawal requests.
- Helmets to Hardhats Partner — Participates in the recruitment and registration of apprentices.
- International Union of Operating Engineers Network — Local 14-14B Welfare Fund operates under the International Union of Operating Engineers as part of its local union structure.
- Local 14-14B Int'l Union of Operating Engineers Network — Training Fund operates under the Local 14-14B International Union of Operating Engineers to deliver training programs.
- Metro Tech Partner — Partner institution where FDNY recertification is conducted.
- N.Y.S Department of Labor Government — Registers and regulates the apprenticeship program in accordance with state training regulations.
- N.Y.S Employment Center Partner — Partners in the recruitment and registration of apprentices in Flushing, NY.
- NCCCO Partner — Collaborates on NCCCO practical exam administration and test preparation.
- New York City Department of Buildings Government — Offers licensed training programs required by NYC DOB for hoisting, rigging, and scaffold operations.
- New York City Department of Buildings Government — Provides NYC DOB-approved training courses for construction and hoisting equipment operators.
- Non-Traditional Employment for Women Partner — Participates in the recruitment and registration of apprentices.
- Pension Benefit Guaranty Corporation Government — Insures benefits under the Pension Plan through the U.S. Government's PBGC.
- Prudential Retirement Services Partner — Administers the Local 14 Annuity Plan on a participant-directed investment basis.
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.
- Collectively Bargained Benefits Structuremethodology: collectively_bargained_benefitsBy leveraging collective bargaining agreements, the fund establishes employer contributions and participant eligibility, ensuring sustainable and equitable access to health and retirement benefits because coverage is tied directly to union-negotiated terms and employment conditions.
- Defined Benefit Pension with Vesting Incentivesmethodology: defined_benefit_pensionBy offering a defined benefit pension structure with vesting after five years, the fund promotes long-term workforce retention and financial security because members are incentivized to accumulate service credits, and are guaranteed benefits based on a formula tied to their tenure.
- Impartial Appeals Through Independent Reviewmethodology: independent_reviewBy using independent committees and medical professionals to review benefit denials, the fund ensures fair and objective decision-making because the process removes internal bias and incorporates clinical expertise when medical judgment is required.
- Integrated Workforce Training Modelmethodology: registered_apprenticeship_modelBy combining hands-on simulation, classroom instruction, and certification preparation, the fund develops highly skilled operators because the integrated approach ensures technical proficiency, regulatory compliance, and real-world readiness in high-risk construction environments.