32BJ Benefits Funds

What 32BJ Benefits Funds does

Building Service 32BJ Benefit Funds is the administrative entity for 11 multi-employer Taft-Hartley benefit funds serving SEIU Local 32BJ members and their dependents across the U.S. East Coast. It administers health coverage, defined-benefit pension plans (including regional variants for NY/NJ and other geographies), a 401(k) Supplemental Retirement Savings Plan record-kept through John Hancock, the Thomas Shortman Training Fund (50+ locations, 250+ courses, 10,000+ members trained annually), and a Legal Services Fund serving 100,000+ members. Combined assets total $9.4 billion across the funds, and the trust covers 187,122 members and 288,330 covered lives.

The operational platform centers on the 32BJ Member Portal, a unified digital front door for benefits access, augmented by AI-powered chatbots for routine member inquiries and Heap analytics for engagement tracking. Health Fund members access provider networks through partnerships with Northwell Health (direct care agreement effective May 2026) and Mount Sinai (extended through 2026), supporting a Centers of Excellence program that produced an estimated $35 million in healthcare cost savings in 2022. The pension and SRSP infrastructure operates through John Hancock recordkeeping, while training delivery is distributed across a 50+ location footprint.

The business model is non-profit and contribution-funded: employer signatories to collective bargaining agreements with SEIU Local 32BJ — most prominently members of the Realty Advisory Board on Labor Relations in NYC commercial and residential real estate — remit contributions per the CBA. Governance is jointly exercised by union and employer trustees with equal voting power, with executive leadership under Executive Director Peter Goldberger (since 2018), Chairman Manny Pastreich (president of SEIU Local 32BJ), and Secretary Howard I. Rothschild (president of RABLR). Geographic operations span NY metro, NJ, CT, MA, PA, MD, VA, DC, and FL.

Name

32BJ Benefits Funds

Legal name

Building Service 32BJ Benefit Funds

Website

https://32bjfunds.org

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

Building Service 32BJ Benefit Funds administers 11 multi-employer Taft-Hartley benefit funds providing health, pension, 401(k), training, and legal services to 187,122 SEIU Local 32BJ members and 288,330 covered lives, with $9.4 billion in combined assets.

Ownership category

akta.pro rank

Product category

Multi-Employer Benefit Fund Administration

NAICS

Health and Welfare Funds (52512), Health and Welfare Funds (525120), Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251)

SIC

Hospital & Medical Service Plans (6324), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Benefits Administration & Total Rewards Outsourcing (BPACAKAE)

akta.pro secondary industries

Benefits Administration & Enrollment Support (BPAAAIAB), Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK), Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

Keywords

• Multi-employer benefit funds
• Health benefits administration
• Pension plan management
• Retirement savings plans
• Union member benefits

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Distribution channels4 records

Marketing channels5 records

Core offering

32BJ Benefits Funds administers 11 jointly trusteed multi-employer benefit funds that deliver health (medical, prescription drug, dental, vision, behavioral health, Medicare Advantage), pension (defined benefit), retirement savings (401(k) Supplemental Retirement Savings Plan), workforce training and scholarships (250+ tuition-free courses), and legal services (immigration, family, civil) to SEIU Local 32BJ property service workers and their dependents. The funds are funded by employer contributions negotiated through collective bargaining and combine a Member Portal with phone, in-person, training, and legal office touchpoints to serve over 187,000 members and 288,000 covered lives with combined assets of approximately $9.4 billion.

Product overview

32BJ Benefits Funds is an umbrella organization administering eleven multi-employer funds that deliver health, pension, retirement savings, training, and legal services benefits to over 187,000 SEIU Local 32BJ members and 288,000 covered lives with a combined asset portfolio of $9.4 billion. The organization operates a platform-plus-modules architecture consisting of: the Health Fund (with North Health Fund variant) providing comprehensive medical coverage; the Pension Fund (with North, Broadway League, Connecticut, and School Workers variants) offering defined benefit retirement plans; the Supplemental Retirement Savings Plan (SRSP) providing 401(k) investment options through John Hancock; the Thomas Shortman Training Fund offering free courses at 50 locations; and the Legal Services Fund (with North variant) providing legal representation. The 32BJ Member Portal serves as the unified digital platform for accessing all benefits, supported by a Benefits Finder tool for personalized benefit information. Regional funds cover specific geographic areas and employment sectors including the Bronx, Westchester, Connecticut, Broadway/theater industry, and school workers.

Differentiator

Problem solved

Functional benefit

Brands

• Building Service 32BJ Legal Fund: Provides legal representation services including immigration, matrimonial, criminal, family and civil law to covered members, retirees, and their dependents.
• 32BJ Member Portal
• 5 Star Center Network

Products and services

• 32BJ Health Fund Self-funded health benefit plan for SEIU Local 32BJ property service worker members and their dependents, offering medical, prescription drug, dental, vision, behavioral health, and Medicare Advantage coverage, including in-network access to Mount Sinai and Northwell-affiliated providers.
• 32BJ Pension Fund Defined-benefit pension program for SEIU Local 32BJ members and dependents, delivered through the central 32BJ Pension Fund and regional variants (North Pension, Connecticut Pension, Broadway League Pension, School Workers Pension, Massachusetts Service Employees Pension).
• Supplemental Retirement Savings Plan (SRSP) / 401(k) Tax-advantaged 401(k) retirement savings plan for SEIU Local 32BJ members, administered in partnership with John Hancock, allowing members to supplement their defined-benefit pension with personal retirement contributions.
• Thomas Shortman Training, Scholarship and Safety Fund Tuition-free job training, scholarship, and safety education program that delivers 250+ courses at 50+ locations (anchored at the Thomas Shortman Training Center in Long Island City, Queens) to help SEIU Local 32BJ property service workers build skills, certifications, and career pathways.
• 32BJ Legal Services Fund Free legal services benefit for SEIU Local 32BJ members covering immigration, family law, and civil legal matters, delivered through staffed legal offices across Manhattan, Brooklyn, the Bronx, Queens, and Staten Island.
• 32BJ Member Portal Web and mobile digital platform providing SEIU Local 32BJ members with a single point of access to their benefits, including Benefits Finder, Find-A-Doctor, AI-powered chatbot support, 401(k) account access through John Hancock integration, and member support resources.

Quantifiable outcome

• Over $35 million in healthcare cost savings achieved in 2022 through hospital network changes and Centers of Excellence program
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Northwell HealthcoreTechnology or IntegrationMajor direct care agreement expanding access to 12,000 Northwell Health providers. Effective May 2026, all 28 Northwell Health hospitals in the New York metropolitan area joined the 32BJ preferred network with lower copays. Thousands of Northwell doctors have joined the 5 Star Center network offering $0 copay primary care.
• Mount Sinai Health SystemcoreTechnology or IntegrationExtended in-network coverage through December 31, 2026 with the same copays for eligible members and families. Mount Sinai administers the expanded Centers of Excellence program for bariatric, joint replacement, and spine surgeries.
• John HancockcoreTechnology or IntegrationThird-party administrator managing SRSP 401(k) plan investments. Provides online account access through myplan.johnhancock.com, mobile retirement app, and online education tools for retirement planning. Participants can monitor accounts and change investments through John Hancock platform.
• Realty Advisory Board on Labor RelationscoreStrategic or Co-development PartnerRepresents building owners in collective bargaining with 32BJ SEIU. Joint governance of multi-employer benefit funds through equal union and employer trustee representation on all fund boards.

Scale indicators8 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Sheet Metal Workers National Pension Fund: National multi-employer defined benefit pension fund for sheet metal industry workers; structurally identical Taft-Hartley arrangement and defined benefit administration expertise.
• SAG-AFTRA Health Plan: Multi-employer Taft-Hartley health and retirement plans serving performers and media professionals; comparable structure of pooled employer contributions, joint trustees, and union/employer negotiated benefits.
• 1199SEIU Funds: National Benefit Fund for 1199SEIU United Healthcare Workers East — fellow SEIU-affiliated Taft-Hartley multi-employer fund administering health, pension, and training benefits for healthcare workers; closest structural and operational comparable.
• UNITE HERE Health Center / Benefit Plans: Multi-employer benefit plans affiliated with UNITE HERE union serving hotel, food service, and gaming workers; same Taft-Hartley model, joint labor-management governance, and integrated health/pension/training offerings.
• National Electrical Benefit Fund (NEBF): Taft-Hartley multi-employer pension and benefit plan for IBEW (International Brotherhood of Electrical Workers) members; operates the same joint labor-management trustee governance and defined benefit structure for skilled trades.
• Western Conference of Teamsters Pension Trust: Large multi-employer defined benefit pension fund serving Teamsters locals; analogous in administering pooled contributions across multiple bargaining units and locales with joint trustee governance.
• UAW Retiree Medical Benefits Trust: VEBA trust established to provide health benefits to UAW retirees — analogous large-pooled health benefits administration for a specific union membership with negotiated employer funding.
• Plumbers and Pipefitters National Pension Fund: National multi-employer defined benefit pension plan for UA plumbers and pipefitters; comparable pooled employer-contribution structure and skilled-trades member base served via joint labor-management governance.

Regional players

• New York State Teamsters Pension and Retirement Fund: Multi-employer Teamsters pension and benefit plans operating in the same Northeast corridor and metropolitan markets as 32BJ; comparable governance and employer base (building service, delivery, distribution).

Broad incumbents

• Empire BlueCross BlueShield (Anthem): Dominant commercial health insurer in New York that participates in 32BJ's network arrangements; comparable as a regional health benefits/managed care incumbent with overlapping provider networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/32BJTraining
• Facebookfacebook.com/32BJTraining
• LinkedInlinkedin.com/company/building-service-32bj-benefit-funds
• Instagraminstagram.com/32bjfunds

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 32BJ Benefits Funds