National Electrical Benefit Fund
National Electrical Benefit Fund is a jointly-trusteed multiemployer pension fund, established in 1946 between NECA and IBEW, providing defined benefit retirement, annuity, and survivor benefits to 164,056+ electrical industry workers covered by collective bargaining agreements across the United States.
- Company typePrivate
- Founded1946
- HeadquartersRockville, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What National Electrical Benefit Fund does
National Electrical Benefit Fund (NEBF) is a jointly-trusteed multiemployer defined benefit pension fund established on September 3, 1946, through the Restated Employees Benefit Agreement and Trust between the National Electrical Contractors Association (NECA) and the International Brotherhood of Electrical Workers (IBEW). The organization administers retirement, disability, and survivor benefits for electrical industry workers covered by collective bargaining agreements containing NEBF Standard Contract Language, currently serving 164,056+ pension participants across the United States through contributions collected via NECA's 119 chapter collection-agent network.
NEBF operates three benefit programs: the core NEBF defined benefit pension (employers contribute 3% of gross labor payroll each month), the National Electrical Annuity Plan (NEAP) individual account annuity (minimum $0.25 per hour, with Life Stage Fund target-date options), and the newly introduced National Electrical Individual Benefit (NEIB) which captures contributions exceeding NEAP limits. Plan administration runs on the Online Benefits Portal (256-bit encrypted, Extended Validation SSL) for participant self-service and the eVault secure document exchange system for employer, Local Union, and NECA Chapter payroll data. A Monthly Reportable Earnings Cap Calculator supports employer compliance.
The fund is a non-profit with no equity ownership or parent company, governed by an equal board of employer (NECA) and union (IBEW) trustees. Headcount is between 11 and 50 based in Rockville, Maryland; the organization has maintained Green Zone Pension Protection Act certification continuously from 2010 through 2026. Product launches in 2025 (NEIB) and 2026 (Temporary Return to Work Amendment) point to incremental product-surface expansion rather than aggressive growth, consistent with a mature, regulated trust.
National Electrical Benefit Fund firmographics
Firmographics- Name
- National Electrical Benefit Fund
- Legal name
- National Electrical Benefit Fund
- Website
- https://nebf.com
- Company type
- Private
- Founded year
- 1946
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- National Electrical Benefit Fund is a jointly-trusteed multiemployer pension fund, established in 1946 between NECA and IBEW, providing defined benefit retirement, annuity, and survivor benefits to 164,056+ electrical industry workers covered by collective bargaining agreements across the United States.
- Ownership category
- akta.pro rank
National Electrical Benefit Fund industry classification
Industry- Product category
- Multiemployer Pension Fund Administration
- NAICS
- Pension Funds (525110), Health and Welfare Funds (525120)
- akta.pro primary industry
- Pensions & Retirement Benefits Administration (BPAIAKAA)
- akta.pro secondary industry
- Disability Benefits Administration (BPAIAKAC)
Keywords
Where National Electrical Benefit Fund is headquartered
LocationHeadquarters
- HQ city
- Rockville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
National Electrical Benefit Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Others, Marketing or Sales
Revenue model
- Pension Contributions (NEBF): Contributing employers contribute 3% of covered employees' gross labor payroll each month. Gross labor payroll includes holiday, sick, and vacation pay. Contributions are collected through NECA chapters as local collection agents. This is a multiemployer defined benefit pension plan.
- Annuity Plan Contributions (NEAP): Covered employers are required to contribute at least twenty-five cents ($.25) per hour for each hour worked in covered employment. The collective bargaining agreement or participation agreement determines the exact amount. NEAP accepts rollover contributions, asset transfers, and reciprocal transfers from other qualified plans.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | NEBF Pension Contributions - 3% of gross labor payroll |
| Unit Pricing | Monthly | NEAP Annuity Contributions - minimum $0.25 per hour |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
National Electrical Benefit Fund product offering
Product offeringCore offering
National Electrical Benefit Fund (NEBF) is a jointly trusteed multiemployer pension fund established in 1946 through a trust agreement between NECA and IBEW that provides retirement benefits to electrical industry workers. Covered employers contribute 3% of gross labor payroll each month to fund defined benefit pensions, while the companion NEAP annuity plan accepts per-hour contributions and rollover transfers. The fund also administers the new National Electrical Individual Benefit (NEIB), an individual account for excess contributions, and operates self-service technology for participants and employers.
Product overview
National Electrical Benefit Fund operates two core retirement benefit programs: the National Electrical Benefit Fund (NEBF) providing pension benefits at 3% employer contribution, and the National Electrical Annuity Plan (NEAP) providing individual annuity accounts. These are supplemented by the National Electrical Individual Benefit (NEIB) for excess contributions. The Life Stage Fund Program offers age-based investment options. Participants access services through the Online Benefits Portal for account management and eVault for secure payroll data exchange. Employers use the Monthly Reportable Earnings Cap Calculator for contribution calculations.
Differentiator
Problem solved
Functional benefit
Brands
- NEAP (National Electrical Annuity Plan): A defined contribution individual account annuity plan for electrical industry workers, separate from the NEBF pension plan.
- NEIB (National Electrical Individual Benefit)
Products and services
- National Electrical Benefit Fund (NEBF) Pension Plan A multiemployer defined benefit pension plan providing retirement benefits to electrical industry workers. Contributing employers contribute 3% of covered employees' gross labor payroll each month. Offers Normal Retirement at age 65, Early Retirement at age 62-64, Reduced Early Retirement at age 60-61, Disability Benefits, and Survivor Benefits.
- National Electrical Annuity Plan (NEAP) An individual account-based defined contribution annuity plan for electrical industry workers. Covered employers contribute at least $0.25 per hour for each hour worked in covered employment. Accepts rollover contributions, asset transfers, and reciprocal transfers from other qualified plans. Features Life Stage Fund Program for age-appropriate investing.
- National Electrical Individual Benefit (NEIB)
Quantifiable outcome
- 164,056+ pension participants receiving benefits
- +2 more outcomes
Companies that use National Electrical Benefit Fund
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
National Electrical Benefit Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
National Electrical Benefit Fund partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- International Brotherhood of Electrical Workers (IBEW)coreNEBF was established through the Employees Benefit Agreement between NECA and IBEW on September 3, 1946, now delineated as the Restated Employees Benefit Agreement and Trust. IBEW Local Unions secure electrical projects generating wages on which NEBF contributions are made. IBEW represents the union side of the jointly trusteed pension fund.
- National Electrical Contractors Association (NECA)coreNECA represents the employer side of the jointly trusteed NEBF. NECA's 119 Chapters are designated local collection agents for NEBF, collecting contributions from covered employers and forwarding them to NEBF. NECA and IBEW jointly established and govern the fund through a Board of Trustees.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
National Electrical Benefit Fund competitors and assessment
Company assessmentDirect peers
- National Pension Fund (United Brotherhood of Carpenters): The largest multiemployer defined benefit pension plan for union carpenters in the U.S., jointly trusteed by the UBC and contractor associations. Operates a parallel model: per-hour contributions collected through affiliated locals, CBA-embedded participation, and Green Zone PPA status.
- Sheet Metal Workers National Pension Fund: A national multiemployer defined benefit pension fund for sheet metal workers under collective bargaining between union locals and contractor associations. Closely comparable structure: jointly trusteed, CBA-driven contributions, Green Zone-certified, and serving a single construction trade nationwide.
- National Electrical Annuity Plan (NEAP): Operated by the same NEBF organization as the defined contribution companion to the NEBF defined benefit pension. Serves the exact same electrical worker population and employer base with parallel contribution collection and the Life Stage Fund Program.
- Painters & Allied Trades Pension Fund: Multiemployer defined benefit pension plan for painters, glaziers, and allied trades under collective bargaining. Similar structure: jointly trusteed, CBA-driven contribution collection, and a single-construction-trade focus with parallel benefits administration.
- Plumbing & Pipefitting Industry Pension Fund: A national multiemployer defined benefit pension plan for plumbers and pipefitters under the United Association. Operates with the same NECA-IBEW-style industry partnership model, per-hour/per-payroll contributions, and PPA zone certifications.
- Iron Workers Local Pension Fund: Multiemployer defined benefit pension plans covering ironworkers under collective bargaining agreements. Comparable participant scale, single-trade focus, joint union-employer trusteeship, and reliance on CBA-embedded contribution language.
- IBEW Local Pension Funds: Individual IBEW local union pension funds operate as multiemployer defined benefit plans for electrical workers within specific geographic jurisdictions. They compete with NEBF for inclusion in local collective bargaining agreements, though many locals use NEBF as their primary fund.
Broad incumbents
- Western Conference of Teamsters Pension Trust: One of the largest multiemployer defined benefit pension plans in the U.S., covering Teamsters across multiple industries rather than a single trade. Operates under the same ERISA multiemployer framework with PPA zone certifications, but at materially larger scale and broader industry exposure than NEBF.
- Central States Pension Fund: Another large multiemployer Teamsters pension fund with multi-industry coverage across the Midwest. While not in the same trade as NEBF, it is one of the benchmark multiemployer DB plans for structural and regulatory comparison purposes.
- Fidelity Investments (Workplace Retirement): Operates large-scale defined contribution recordkeeping for multiemployer and corporate plans, including union-related plans. Comparable in scale and participant self-service technology (Life Stage / target-date funds), but serves the DC market rather than DB administration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
National Electrical Benefit Fund social profiles
Digital presenceNational Electrical Benefit Fund compliance and trust
Trust signalCompliance1 record
National Electrical Benefit Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
National Electrical Benefit Fund leadership team
Management profileNumber of profiles
Profiles1 record
National Electrical Benefit Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
National Electrical Benefit Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about National Electrical Benefit Fund
What does National Electrical Benefit Fund do?
National Electrical Benefit Fund (NEBF) is a jointly trusteed multiemployer pension fund established in 1946 through a trust agreement between NECA and IBEW that provides retirement benefits to electrical industry workers. Covered employers contribute 3% of gross labor payroll each month to fund defined benefit pensions, while the companion NEAP annuity plan accepts per-hour contributions and rollover transfers. The fund also administers the new National Electrical Individual Benefit (NEIB), an individual account for excess contributions, and operates self-service technology for participants and employers.
Is National Electrical Benefit Fund a public or private company?
National Electrical Benefit Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was National Electrical Benefit Fund founded?
National Electrical Benefit Fund was founded in 1946. It employs 11 to 50 people.
Where is National Electrical Benefit Fund based?
National Electrical Benefit Fund is headquartered in Rockville, United States, in the North America region.
How does National Electrical Benefit Fund make money?
Two revenue lines are on record. Pension Contributions (NEBF) is the primary driver. The others are annuity Plan Contributions (NEAP).
Who are National Electrical Benefit Fund's main competitors?
Direct peers on record are National Pension Fund (United Brotherhood of Carpenters), Sheet Metal Workers National Pension Fund, National Electrical Annuity Plan (NEAP), Painters & Allied Trades Pension Fund, Plumbing & Pipefitting Industry Pension Fund, Iron Workers Local Pension Fund and IBEW Local Pension Funds. Broad incumbents are Western Conference of Teamsters Pension Trust, Central States Pension Fund and Fidelity Investments (Workplace Retirement).
Does National Electrical Benefit Fund have an API?
No public API is recorded for National Electrical Benefit Fund.
What industry is National Electrical Benefit Fund in?
National Electrical Benefit Fund's product category is Multiemployer Pension Fund Administration. Its primary akta.pro industry code is BPAIAKAA, Pensions & Retirement Benefits Administration, with a secondary code of BPAIAKAC, Disability Benefits Administration. Its NAICS code is 525110.