National Automatic Sprinkler Industry Trust Funds

What National Automatic Sprinkler Industry Trust Funds does

National Automatic Sprinkler Industry Trust Funds (N.A.S.I.), founded in 1970 and headquartered in Landover, Maryland, is a jointly trusteed multiemployer benefit trust fund that administers pension and health care benefits to approximately 20,000 active and retired sprinkler fitters and their families. Participants are members of the 15 straight-line Sprinkler Local Unions of the United Association; the organization operates exclusively through collective bargaining agreements with contributing employers and does not sell benefits to the public. Governance rests with a Board of Trustees composed of employer and union representatives.

The fund structure comprises four programs: the NASI Welfare Fund (medical, dental, vision, disability, and life insurance), the NASI Pension Fund (defined benefit plan), the SIS Pension Fund (supplemental retirement benefits), and the NAS Metal Trades Welfare Fund. Benefit administration is delivered through a network of contracted carriers including Blue Cross Blue Shield of Illinois, Aetna (Medicare Advantage), OptumRx (pharmacy benefit management since January 2024), MDLive (telemedicine), Spring Health (mental health), Delta Dental, and RetireeFirst (member advocacy). Internal technology assets include an employer reporting portal, a pension benefit calculator hosted on memberxg.gobasys.com, and a 'NASI Benefit Plan' mobile app.

The business model is funded entirely by employer fringe benefit contributions remitted pursuant to collective bargaining, supplemented by monthly self-payment premiums for retirees and participation-agreement members (e.g., owners). Employer contribution rates are negotiated hourly (e.g., Level 2 Medical at $8.64/hr, Level 3 at $8.54/hr in 2024), while retiree self-payment ranges from $345 to $2,176/month effective January 2026. The organization employs 51-100 staff and is not publicly traded; there is no traditional equity ownership.

Name

National Automatic Sprinkler Industry Trust Funds

Legal name

N.A.S.I. - National Automatic Sprinkler Industry

Website

https://nasifund.org

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

51–100 employees

Short description

National Automatic Sprinkler Industry Trust Funds (N.A.S.I.), founded 1970 in Landover, Maryland, administers pension and health care benefits to roughly 20,000 active and retired union sprinkler fitters and their families through four jointly trusteed multiemployer funds.

Ownership category

akta.pro rank

Product category

Multiemployer Benefit Trust Funds

NAICS

Health and Welfare Funds (52512), Pension Funds (525110), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

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

akta.pro primary industry

Taft-Hartley / Union Multiemployer Group Health Plans (FSAIAFAG)

akta.pro secondary industries

Self-Funded (ASO) Group Health Plans & Stop-Loss (FSAIAFAB), Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness) (HLAEAAAK)

Keywords

• Multiemployer benefit funds
• Pension plan administration
• Union welfare benefits
• Defined benefit pensions
• Health and welfare trust

Headquarters

HQ city

Bowie

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Employer Fringe Benefit Contributions: The fund is financed entirely through employer fringe benefit contributions made pursuant to collective bargaining agreements. Contributing employers report and remit contributions on behalf of eligible employees (sprinkler fitters) to the NASI Trust Funds. The fund also charges monthly self-payment premiums for retiree coverage and coverage through participation agreements (e.g., owner members).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

National Automatic Sprinkler Industry Trust Funds administers a multiemployer trust fund structure providing pension and health care benefits to approximately 20,000 active and retired union sprinkler fitters and their families. The offering comprises four benefit programs: the NASI Welfare Fund (medical, dental, vision, disability, and life insurance), the NASI Pension Fund (defined benefit retirement plan), the SIS Pension Fund (supplemental retirement benefits), and the NAS Metal Trades Welfare Fund (health benefits for metal trades workers). Benefits are financed through employer fringe benefit contributions negotiated via collective bargaining agreements with the 15 straight-line Sprinkler Local Unions of the United Association and delivered through contracted carriers including BCBS of Illinois, MDLive, OptumRx, Aetna, Spring Health, and Delta Dental.

Product overview

National Automatic Sprinkler Industry Trust Funds operates as a multi-fund organization providing pension and health care benefits to approximately 20,000 active and retired sprinkler fitters and their families. The organization consists of four interconnected benefit programs: the NASI Welfare Fund (core health care benefits with medical, dental, vision, disability, and life insurance), the NASI Pension Fund (defined benefit retirement plan with various payment options), the SIS Pension Fund (supplemental retirement benefits with online account access), and the NAS Metal Trades Welfare Fund (metal trades-specific health benefits with three plan tiers). These funds are supported by various third-party healthcare providers including Blue Cross Blue Shield of Illinois, MDLive telemedicine, OptumRx pharmacy, Aetna Medicare Advantage, and Spring Health mental health services. The organization also offers digital tools including a pension fund calculator and mobile app for participant access.

Differentiator

Problem solved

Functional benefit

Brands

• NASI Welfare Fund: Health care and welfare benefits for active and retired sprinkler fitters
• NASI Pension Fund
• SIS Pension Fund
• NAS Metal Trades

Products and services

• NASI Welfare Fund Health care and welfare benefits program providing medical, dental, vision, disability, and life insurance coverage to approximately 20,000 active and retired sprinkler fitters and their families through multiple benefit levels and contribution rates.
• NASI Pension Fund Defined benefit pension plan providing retirement income to sprinkler fitter workers based on pension credits earned, with multiple benefit payment options including lump-sum, joint-and-survivor, and split-level options. Emerged from critical status under the Pension Protection Act.
• SIS Pension Fund Sprinkler Industry Supplemental Pension Fund providing additional retirement benefits to sprinkler fitters, with online account access through bcomplete.com and retirement planning services provided through Francis LLC effective January 2026.
• NAS Metal Trades Welfare Fund Health care benefits program for metal trades workers offering three plan options (A, B, and C) at different contribution rates, providing medical, dental, vision, and related benefits.
• Aetna Medicare Advantage Program Medicare Advantage Prescription Drug plan offered by Aetna for Medicare-eligible retirees and their dependents, providing 100% medical coverage with RetireeFirst serving as member advocate. Transitioning to separate MA and PDP (SilverScript) plans effective January 1, 2026.
• Spring Health Mental Health Services Mental health and substance use disorder services program offering up to 8 free therapy sessions and 8 free coaching sessions per calendar year for active and pre-Medicare eligible participants, with additional sessions billed at In-Network rates through Blue Cross Blue Shield.
• MDLive Telemedicine Integration 24/7 telemedicine service covered at 100% for active and pre-Medicare participants, offering virtual doctor visits for non-emergency ailments and behavioral health issues through video, mobile app, or phone.
• SIS Pension Fund Target Date Investment Program Target Date Investment Program introduced for the SIS Pension Fund to provide participants with date-based investment allocation options aligned to their expected retirement timeline.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Blue Cross Blue Shield of Illinois (BCBSIL)coreTechnology or IntegrationBCBSIL is the primary health insurance carrier for the NASI Welfare Fund, providing in-network and out-of-network medical coverage, provider networks, and member ID cards for active and pre-Medicare participants. The fund uses BCBS-approved providers for higher coverage.
• OptumRxcoreTechnology or IntegrationOptumRx serves as the pharmacy benefit manager (PBM) for all NASI Welfare Fund participants with active and pre-Medicare retiree coverage, replacing Express Scripts effective January 1, 2024. Covers generic non-specialty drugs at 100%, preferred brand at 85%, preferred specialty at 80%, and non-preferred drugs at 70%.
• MDLivecoreTechnology or IntegrationMDLive provides 24/7 telemedicine services covered at 100% for active and pre-Medicare participants. Offers virtual doctor visits for non-emergency ailments and behavioral health issues through video, mobile app, or phone.
• AetnacoreTechnology or IntegrationAetna provides Medicare Advantage (MA) medical coverage and Medicare Rx (SilverScript) prescription drug coverage for Medicare-eligible NASI Welfare Fund retirees and dependents, effective January 1, 2026 (transitioning from MAPD plan to separate MA and PDP plans).
• Spring HealthcoreTechnology or IntegrationSpring Health provides mental health and substance use disorder services for active and pre-Medicare participants, offering up to 8 free therapy sessions and 8 free coaching sessions per calendar year. Additional sessions are billed at In-Network rates through Blue Cross Blue Shield.
• RetireeFirst (formerly Labor First)coreImplementation/ SI/ Consulting PartnerRetireeFirst serves as the dedicated member advocate for all Medicare-eligible participants covered by Aetna. Assists with physician issues, prescriptions, prior authorizations, referrals, and coverage questions. Contact: 855-433-1675.
• WartonHill Retirement AdvisorsminorImplementation/ SI/ Consulting PartnerWartonHill Retirement Advisors (later referred to as NorthStar Retirement Advisors) provided retirement consulting seminars and webinars for SIS Pension Fund participants to help create individual investment and retirement strategies.
• Francis LLCcoreImplementation/ SI/ Consulting PartnerFrancis LLC (operating as francisway.com) provides new retirement planning services for SIS Pension Fund members as of January 2026, replacing WartonHill/NorthStar as the designated retirement planning services vendor.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Central Pension Fund of the International Union of Operating Engineers: Large Taft-Hartley multiemployer pension fund for IUOE heavy-equipment operators, governed jointly by union and employer trustees; structurally similar to NASI in multiemployer defined benefit design, construction-industry exposure, and benefit administration.
• Western Conference of Teamsters Pension Trust: One of the largest multiemployer defined benefit pension funds in the U.S., covering Teamsters under collective bargaining across the West Coast; provides a large-scale analog for NASI's multiemployer governance, participant base, and PPA funding dynamics.
• Sheet Metal Workers National Pension Fund: National multiemployer defined benefit pension plan for sheet metal workers under collective bargaining; comparable to NASI in governance, participant scale, and exposure to construction-trade hours-based contributions and PPA funding requirements.
• National Electrical Benefit Fund (NEBF): IBEW-affiliated multiemployer defined benefit pension fund governed jointly by labor and management trustees; operates under the same Taft-Hartley framework as NASI and serves a comparable skilled-trades construction workforce with similar funding mechanics and regulatory exposure under PPA.
• Bricklayers and Masons International Pension Fund: Taft-Hartley multiemployer pension fund for BAC bricklayers and craftworkers, governed jointly by labor and management; analogous to NASI in multiemployer structure, construction-trade participant base, and defined benefit funding profile.
• Iron Workers Pension Plan: Multiemployer defined benefit pension plan for ironworkers under collective bargaining agreements; directly comparable to NASI's structural mechanics, construction-trade exposure, and joint labor-management trusteeship.
• New England Carpenters Pension Fund: Multiemployer defined benefit pension plan covering union carpenters in New England; comparable to NASI in collective-bargained funding, defined benefit design, and participant demographics within the building trades.
• Plumbers and Pipefitters National Pension Fund: National multiemployer defined benefit pension fund for the United Association of Plumbers, Pipefitters and Service Techs—shares NASI's exact Taft-Hartley multiemployer governance, UA-union affiliation, and construction-trade participant base, making it the closest structural and operational analog.

Broad incumbents

• Blue Cross Blue Shield of Illinois (Health Care Service Corporation): NASI's primary medical carrier partner and a large-scale incumbent health insurer; while BCBSIL itself is not a trust fund, it is the dominant administrator of the underlying hospital/medical benefit plans that funds like NASI rely on, making it a comparable scale and operational reference point.
• OptumRx (UnitedHealth Group): NASI's pharmacy benefit manager (since January 2024, replacing Express Scripts) and a leading U.S. PBM; comparable as a large incumbent administering the prescription drug benefit for self-funded multiemployer plans like NASI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 National Automatic Sprinkler Industry Trust Funds