TAFT-HARTLEY TRUST FUNDS

Defined Benefit, Defined Contribution and 401(k) Pension Plans

• Issuance of monthly or lump sum pension benefit payments, by check or electronic deposit
  
• Annual data for pension plan actuary
  
• Maintain pension history and calculate benefits
  
• Process pension applications
  
• Issue 1099R forms

Health & Welfare Plans

• Hours bank eligibility maintenance
  
• HIPAA and COBRA administration
  
• Monthly statistics to consultants
  
• Premium accounts for insured plans

Apprentice Training, Dues, Labor/Management Trust and Vacation Funds

• Collect employer contributions and remit to appropriate accounts

General Trust Funds Administration

• Prepare IRS Forms 5500 and assist with other compliance requirements
  
• Preparation for Trust meetings including meeting arrangements, agenda, minutes and financial reports
  
• Complete trust fund accounting services including monthly or quarterly financial statements, receivables and payables
  
• Process employer remittances including delinquency procedures
  
• Toll-free 800 telephone number

For more information about Taft-Hartley Plans, email unionplans@benefitadministration.com.