IPM Health & Welfare Trust of California

What IPM Health & Welfare Trust of California does

IPM Health & Welfare Trust of California is a non-profit multiemployer union trust fund established in 1969 and headquartered in Riverside, California. It is structured as a private trust serving a narrow, well-defined constituency: union workers in the Industrial, Production and Maintenance (IPM) trades and their participating employers, with operations confined to California. The trust delivers a five-line health and welfare benefits package — medical, dental, vision, prescription drug, and group life insurance — to its covered members.

The trust does not underwrite benefits or build proprietary delivery infrastructure. Instead, it acts as a pooled purchasing and administrative vehicle, contracting with established third-party carriers to deliver coverage: the Anthem Blue Cross Prudent Buyer Network handles medical and dental access, SAV-RX administers prescription drug benefits, and VSP provides vision coverage under Plan 8. This carrier-leveraged model allows the trust to offer comprehensive benefits while maintaining a lean administrative staff of 1-10 employees who handle eligibility, contributions, and member services.

The business model is contribution-based: participating employers remit per-employee contributions to the trust pursuant to collective bargaining agreements, and the trust in turn pays carriers to deliver benefits. Revenue is therefore a function of covered member count and negotiated contribution rates rather than commercial pricing. The trust's longevity (operating since 1969) and stable carrier relationships suggest a steady-state operating posture, with no visible signals of expansion, technology investment, or product diversification in the available data.

Name

IPM Health & Welfare Trust of California

Legal name

IPM Health & Welfare Trust of California

Website

https://ipmtrust.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

1–10 employees

Short description

IPM Health & Welfare Trust of California is a non-profit multiemployer union trust fund established in 1969, providing medical, dental, vision, prescription, and life insurance benefits to union workers in Industrial, Production, and Maintenance fields in California via carrier partnerships.

Ownership category

akta.pro rank

Product category

Union Health and Welfare Trust Benefits

NAICS

Health and Welfare Funds (525120)

SIC

Hospital & Medical Service Plans (6324)

akta.pro primary industry

Association & PEO Group Health Plans (AHP/PEO-Sponsored) (FSAIAFAH)

akta.pro secondary industries

Group HMO Plans (FSAIAFAK), Long-Term Disability (LTD) Insurance (FSAIAIAD)

Keywords

• Union health benefits
• Health welfare trust
• Group health insurance
• Employee benefits administration
• Medical dental coverage

Headquarters

HQ city

Riverside

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Union Trust Fund Contributions: IPM Health & Welfare Trust is a union trust fund that provides health care coverage to union workers. Revenue is generated through employer and employee contributions made to the trust fund as part of collectively bargained labor agreements. The trust provides Medical, Dental, Vision, Prescription and Life Benefits to its members.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

IPM Health & Welfare Trust is a non-profit union trust fund that provides Medical, Dental, Vision, Prescription, and Life Benefits to union workers in the Industrial, Production and Maintenance fields. Coverage is delivered through contracted provider networks, including the Anthem Blue Cross Prudent Buyer Network for medical and dental services, SAV-RX for prescriptions, and VSP for vision benefits (Plan 8). Multiple plan tiers (Plans II through VIII) let members and employers select coverage levels that fit the terms of their collectively bargained agreements.

Product overview

IPM Health & Welfare Trust of California is a Union Trust Fund established in 1969 providing health care coverage to union workers in the Industrial, Production and Maintenance fields. The company offers a unified benefits package consisting of Medical Benefits (through the Anthem Blue Cross Prudent Buyer Network), Dental Plans, Vision Plans, Prescription Plans (administered via SAV-RX), and Life Benefits. These five core benefits work together to provide comprehensive health and welfare coverage, with different plan options (Plans II through VIII) offering varying levels of coverage and provider networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Benefits Medical coverage provided to union workers and their dependents through the Anthem Blue Cross Prudent Buyer Network, with hospital claims administered by Anthem Blue Cross and professional claims handled by IPM Trust Fund.
• Dental Plans Dental benefits offered to all members across multiple plan options (Plans 2-7 and Plan 8), administered through the Anthem Blue Cross Prudent Buyer Network with claims submitted to IPM Trust Fund.
• Vision Plans Vision benefits including eye exams, frames, lenses, and contact lenses. Plan 8 is delivered through the VSP network; Plans II, III, V, and VI provide scheduled fiscal year maximums with co-pays.
• Prescription Plans Prescription drug benefits administered through SAV-RX, with members paying out-of-pocket and submitting original cash-register receipts for reimbursement. Plans 3, 5, 6, and 7 use ID#IPMHWA; Plan 8 uses ID#IPMAZ.
• Life Benefits Life insurance benefits provided as part of the health and welfare coverage package to eligible union workers and their dependents.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Anthem Blue CrosscoreTechnology or Integration · 1 January 1969Anthem Blue Cross provides the Prudent Buyer Network for medical and dental services. IPM members access in-network providers through Anthem's network. Hospital claims are sent directly to Anthem Blue Cross at P.O. Box 60007, Los Angeles, CA 90060-0007. Group ID# IPMHW.
• SAV-RXcoreTechnology or IntegrationSAV-RX administers prescription drug benefits for IPM members. Located at 224 North Park Ave, Omaha, NE 68025. BIN# 006558, PLAN 8 ID#IPMAZ, Plans 3,5,6 & 7 ID#IPMHWA. Members present SAVRX Insurance card to pharmacists.
• VSP (Vision Service Plan)coreTechnology or IntegrationVSP provides vision benefits for Plan 8 members. Members can find in-network VSP providers at vsp.com. Plan 8 includes comprehensive vision coverage with exam, frames, lenses, and contacts.

Scale indicators1 record

Recent moves4 records

Expansion highlights1 record

Direct peers

• Laborers Health & Welfare Trust Fund for Northern California: Multiemployer welfare trust serving Laborers union members with comprehensive health, dental, vision, and prescription benefits, providing direct comparability on trust structure, benefit design, and California union coverage.
• Zenith American Solutions: Leading third-party administrator for Taft-Hartley and multiemployer health and welfare funds, providing a benchmark for outsourced administration models that IPM Trust performs internally.
• IBEW Local 47 Health & Welfare Trust: Electricians' union trust fund delivering health and welfare benefits to members in California, comparable in trust structure, collectively bargained contributions, and multi-benefit offering.
• Plumbers & Pipefitters Health & Welfare Trust (Local 230/U.A.): Taft-Hartley health and welfare trust for unionized plumbers and pipefitters, mirroring IPM's model of pooling employer contributions and administering integrated medical, dental, vision and prescription coverage.
• Teamsters Health & Welfare Fund of California: Health and welfare fund administered for Teamsters union members in California under collective bargaining agreements, with comparable member benefit delivery through third-party provider networks.
• BeneSys, Inc. Third-party administrator that manages health and welfare benefit funds on behalf of multiemployer/Taft-Hartley trusts, competing for the same administrative mandate that IPM Trust performs in-house for its IPM members.
• UFCW & Employers Benefit Trust: Health and welfare trust for grocery and retail union workers, structurally analogous in administering pooled contributions to deliver health benefits through provider networks.
• Operating Engineers Health & Welfare Trust Fund: A Taft-Hartley multiemployer health and welfare trust for Operating Engineers union members in California, structurally identical to IPM in pooling contributions from collectively bargained agreements and administering medical/dental/vision benefits.

Broad incumbents

• Delta Dental of California: Large-scale dental benefits administrator with deep California penetration among union and employer-sponsored plans, providing a relevant incumbent benchmark for the dental portion of IPM's offering.
• Anthem Blue Cross: Largest incumbent partner serving as IPM's underlying network and claims administrator for medical/dental benefits; comparable as a broad California health insurance incumbent that touches the same member population.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks4 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 IPM Health & Welfare Trust of California