National Elevator Industry Benefit Plans
National Elevator Industry Benefit Plans is a multiemployer Taft-Hartley benefit trust, established in 1962, administering health, pension, and annuity/401(k) benefits to International Union of Elevator Constructors members and their dependents across the U.S. and Canada.
- Company typePrivate
- Founded1962
- HeadquartersNewtown Square, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What National Elevator Industry Benefit Plans does
National Elevator Industry Benefit Plans (NEI Benefit Plans) is a multiemployer Taft-Hartley benefit trust established in 1962 under collective bargaining agreements between the International Union of Elevator Constructors (IUEC) and contributing employers. Headquartered at 19 Campus Blvd., Suite 200 in Newtown Square, Pennsylvania, the organization administers a unified portfolio of health and retirement benefits to eligible IUEC members and their dependents across the United States and Canada. Its core products comprise a Health Plan (medical, dental, vision, mental health/substance use disorder support, life insurance, AD&D, COBRA), a defined benefit Pension Plan, and the Elevator Constructors Annuity and 401(k) Retirement Plan (which includes employer-funded Annuity Accounts, voluntary employee 401(k) contributions with Roth options, and Rollover Accounts). Supporting services include Life Events processing, educational videos, member resources, and an employer portal.
The plan is funded by employer contributions as defined in collective bargaining agreements and is governed by a Joint Board of Trustees representing employers and the IUEC. Operational delivery is outsourced through a network of third-party administrators and service providers: Empower Retirement administers the Annuity and 401(k) plan, Blue Cross Blue Shield handles medical claims via the BlueCard PPO network, Express Scripts provides pharmacy benefit management, Guardian Dental administers dental benefits, EyeMed provides vision coverage, MDLIVE offers telemedicine, Lyra provides mental well-being and Member Assistance Program services, Acentra handles precertification, TruHearing covers hearing benefits, and Allsup assists with Social Security disability applications. Member and employer portals are hosted on gobasys infrastructure. The organization has no public commercial revenue, no parent company, and is not publicly traded; it functions as an industry-specific, labor-affiliated benefits administrator.
The go-to-market motion is structurally embedded in the CBA framework rather than outbound sales: members are acquired through union membership rolls, employer participation flows from collective bargaining obligations, and the marketing channel mix consists of educational content, downloadable plan documents, employer resources, and direct office contact. Strategic activity in the recent period has centered on plan modernization — notably the May 2026 transition to participant-directed Annuity investment and the 2023 launch of the Roth Program — together with ongoing regulatory compliance (ERISA, ACA 1095 reporting, FASB ASC 715-80 disclosures, Roth Catch-Up requirements).
National Elevator Industry Benefit Plans firmographics
Firmographics- Name
- National Elevator Industry Benefit Plans
- Legal name
- National Elevator Industry Benefit Plans
- Website
- https://neibenefits.org
- Company type
- Private
- Founded year
- 1962
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- National Elevator Industry Benefit Plans is a multiemployer Taft-Hartley benefit trust, established in 1962, administering health, pension, and annuity/401(k) benefits to International Union of Elevator Constructors members and their dependents across the U.S. and Canada.
- Ownership category
- akta.pro rank
National Elevator Industry Benefit Plans industry classification
Industry- Product category
- Multi-employer benefit plan administration (health, pension, and retirement)
- NAICS
- Insurance and Employee Benefit Funds (5251), Health and Welfare Funds (525120), Pension Funds (52511)
- SIC
- Life Insurance (6311)
- akta.pro primary industry
- Benefits Administration (BPACAPAC)
- akta.pro secondary industry
- Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness) (HLAEAAAK)
Keywords
Where National Elevator Industry Benefit Plans is headquartered
LocationHeadquarters
- HQ city
- Newtown Square
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
National Elevator Industry Benefit Plans business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Employer Contributions: Multiemployer benefit plan funded by employer contributions as defined in collective bargaining agreements with the International Union of Elevator Constructors (IUEC) or employers' participation agreements with the Trustees.
Distribution channels3 records
Marketing channels3 records
National Elevator Industry Benefit Plans product offering
Product offeringCore offering
National Elevator Industry Benefit Plans is a multiemployer benefit trust that administers a Health Plan (medical, dental, vision, mental health, substance use disorder, life insurance), a defined-benefit Pension Plan, and the Elevator Constructors Annuity and 401(k) Retirement Plan for eligible members of the International Union of Elevator Constructors and their dependents. It also provides life-event benefit transition support, educational resources, and employer contribution/remittance reporting for contributing elevator-industry employers across the U.S. and Canada.
Product overview
National Elevator Industry Benefit Plans is a multiemployer benefit plan administrator providing a unified portfolio of retirement and health benefits to elevator industry workers. The organization offers four core benefit products: Health Plan (medical, vision, dental, mental health, and life insurance), Pension Plan (defined benefit retirement), Annuity and 401(k) Plan (individual account-based retirement savings combining employer contributions, employee deferrals, and rollover options), and Life Events support services. These core products are supported by member resources including educational videos, forms, FAQs, contact directories, and an employer portal with union local links. The plans are administered through partnerships with healthcare providers (BCBS, MDLIVE, Express Scripts, Guardian Dental, EyeMed), retirement recordkeepers (Empower), and benefits administration platforms (gobasys).
Differentiator
Problem solved
Functional benefit
Products and services
- Health Plan
Companies that use National Elevator Industry Benefit Plans
Customer profileSegments2 records
Ideal customer profiles2 records
National Elevator Industry Benefit Plans technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
National Elevator Industry Benefit Plans partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and supporting.
- International Union of Elevator Constructors (IUEC)coreThe IUEC is the labor union representing elevator constructors. The benefit plans are established through collective bargaining agreements between IUEC and employers. IUEC local unions across the U.S. and Canada participate in the plans.
- Empower RetirementcoreEmpower serves as the plan administrator and recordkeeper for the Elevator Constructors Annuity and 401(k) Retirement Plan. They provide participant account access, investment management, and distribution processing.
- Blue Cross Blue Shield (BCBS)coreBCBS provides medical and vision claims processing through the BlueCard PPO network. Members can access in-network providers through BCBS.
- Express ScriptscoreExpress Scripts provides pharmacy benefit management services including prescription drug coverage and home delivery options.
- Guardian DentalsupportingGuardian Dental handles the Plan's dental benefit program, including claims processing and member inquiries.
- EyeMedsupportingEyeMed provides vision care benefits including eye exams and corrective lenses through their provider network.
- AcentrasupportingAcentra handles precertification for medical and mental health care and substance use disorder admissions under the Health Plan.
- LyrasupportingLyra provides mental well-being support and Member Assistance Program services, offering 24/7/365 support for members.
- MDLIVEsupportingMDLIVE provides telemedicine and virtual visit services for members, enabling remote healthcare consultations.
- TruHearingsupportingTruHearing provides hearing aid benefits and hearing care services for eligible members.
- AllsupsupportingAllsup provides assistance applying for Social Security disability payments for pension beneficiaries.
Recent moves6 records
Expansion highlights4 records
National Elevator Industry Benefit Plans competitors and assessment
Company assessmentDirect peers
- Carpenters Pension Trust Funds (e.g., Northern California Carpenters): Multiemployer pension, health, and annuity trusts administered for United Brotherhood of Carpenters members via collective bargaining. Closely mirrors NEI in plan design (pension + health + annuity stack), trustee governance, and CBA funding.
- Iron Workers Pension Fund: Multiemployer defined benefit pension plan covering International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers. Identical structural template as NEI: trade-union-exclusive, CBA-funded, jointly-trusteed multiemployer plan.
- Operating Engineers Pension Trust Funds: Multiemployer pension and health benefit trusts operating locally/regionally for International Union of Operating Engineers members. Same trade-union multiemployer plan structure serving heavy equipment operators in construction.
- Heat and Frost Insulators National Pension Fund: National multiemployer defined benefit pension plan for International Association of Heat and Frost Insulators and Allied Workers. Directly comparable as a single-trade, CBA-funded, jointly-trusteed construction trades pension fund.
- United Steelworkers Pension Plan (multiemployer): Multiemployer retirement and health benefit plans administered for USW members through CBA trusts. Comparable in jointly-trusteed multiemployer structure serving a specific industrial trade union workforce.
- Plumbers and Pipefitters National Pension Fund: Multiemployer defined benefit pension fund for UA (United Association) plumbers, pipefitters, and service technicians. Mirrors NEI's structure: industry-funded, jointly trusteed CBA vehicle for a single construction trade union's retirement benefits.
- Sheet Metal Workers' National Pension Fund: National multiemployer defined benefit pension plan for SMART (Sheet Metal, Air, Rail, Transportation) union sheet metal workers. Directly comparable: trade-specific CBA, jointly-trusteed governance, multiemployer plan reporting under ERISA.
- National Electrical Benefit Fund (NEBF): Taft-Hartley multiemployer defined benefit pension plan for IBEW (International Brotherhood of Electrical Workers) members. Closest direct peer—same CBA-funded, trade-specific, jointly-trusteed multiemployer plan structure providing retirement benefits to a single construction trade union's members.
- Bricklayers and Masons International Pension Fund: International Union of Bricklayers and Allied Craftworkers multiemployer pension plan. Same multiemployer CBA-funded construction trade pension model as NEI, serving a single trade union's workforce across the U.S. and Canada.
Broad incumbents
- Central States, Southeast and Southwest Areas Pension Fund (Teamsters): One of the largest U.S. multiemployer pension funds, covering Teamsters across multiple industries (trucking, logistics, warehousing). Same structure but multi-industry scope makes it a broader incumbent peer rather than a vertical-equivalent match.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
National Elevator Industry Benefit Plans social profiles
Digital presenceNational Elevator Industry Benefit Plans compliance and trust
Trust signalCompliance3 records
National Elevator Industry Benefit Plans financial estimates
Financial estimateRevenue estimate
Valuation estimate
National Elevator Industry Benefit Plans leadership team
Management profileNumber of profiles
National Elevator Industry Benefit Plans funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
National Elevator Industry Benefit Plans 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 Elevator Industry Benefit Plans
What does National Elevator Industry Benefit Plans do?
National Elevator Industry Benefit Plans is a multiemployer benefit trust that administers a Health Plan (medical, dental, vision, mental health, substance use disorder, life insurance), a defined-benefit Pension Plan, and the Elevator Constructors Annuity and 401(k) Retirement Plan for eligible members of the International Union of Elevator Constructors and their dependents. It also provides life-event benefit transition support, educational resources, and employer contribution/remittance reporting for contributing elevator-industry employers across the U.S. and Canada.
Is National Elevator Industry Benefit Plans a public or private company?
National Elevator Industry Benefit Plans is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was National Elevator Industry Benefit Plans founded?
National Elevator Industry Benefit Plans was founded in 1962. It employs 51 to 100 people.
Where is National Elevator Industry Benefit Plans based?
National Elevator Industry Benefit Plans is headquartered in Newtown Square, United States, in the North America region.
How does National Elevator Industry Benefit Plans make money?
One revenue line is on record: employer Contributions.
Who are National Elevator Industry Benefit Plans's main competitors?
Direct peers on record are Carpenters Pension Trust Funds (e.g., Northern California Carpenters), Iron Workers Pension Fund, Operating Engineers Pension Trust Funds, Heat and Frost Insulators National Pension Fund, United Steelworkers Pension Plan (multiemployer), Plumbers and Pipefitters National Pension Fund, Sheet Metal Workers' National Pension Fund, National Electrical Benefit Fund (NEBF) and Bricklayers and Masons International Pension Fund. Central States, Southeast and Southwest Areas Pension Fund (Teamsters) is listed as a broad incumbent.
Does National Elevator Industry Benefit Plans have an API?
No public API is recorded for National Elevator Industry Benefit Plans.
What industry is National Elevator Industry Benefit Plans in?
National Elevator Industry Benefit Plans's product category is Multi-employer benefit plan administration (health, pension, and retirement). Its primary akta.pro industry code is BPACAPAC, Benefits Administration, with a secondary code of HLAEAAAK, Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness). Its NAICS code is 5251 and its SIC code is 6311.