Basil Castrovinci Associates

What Basil Castrovinci Associates does

Basil Castrovinci Associates, Inc. is a private, New Jersey-incorporated actuarial and third-party administration firm that has served exclusively multi-employer, union-sponsored Collectively Bargained Taft-Hartley Labor-Management Trust Funds since its formation on October 14, 1974, as the successor to Harold Faggen Associates Inc. (originally founded in the late 1940s). The firm delivers a vertically integrated service set that includes actuarial consulting for pension, annuity, welfare, and supplemental funds (including Vacation, Education, ASB, COLA, and SRA funds), third-party administration, medical claims processing as a payor, and the design and operation of custom recordkeeping and web-based benefit administration systems accessible to plan participants, trustees, administrators, and medical providers. Underlying technology consists of purpose-built recordkeeping systems and a web portal infrastructure delivered from a single Hopatcong, NJ headquarters, with stated emphasis on "latest computer equipment and data processing capabilities" rather than disclosed AI/ML capabilities.

The business model combines professional services fees for actuarial and compliance work with recurring administrative service fees for ongoing TPA and claims payor activity. All services are delivered from the company's single Northern New Jersey office; the firm deliberately eschews corporate accounts and pursues direct, relationship-based engagement with labor-management trustee boards. Customer retention is a defining feature: many union fund clients have been served for 25 or more years, with six relationships exceeding 40 years. The firm holds approved-administrator status with the Pension Benefit Guarantee Corporation (PBGC) and high-volume filer status with the Internal Revenue Service (IRS), which function as regulatory credentials supporting its niche positioning.

Growth posture is best characterized as stable rather than expansionary. The company operates with a lean headcount (11-50 employees; described internally as "dozens"), maintains no public marketing or sales channels beyond its client portal and union-community reputation, and currently lists no open positions. There is no disclosed revenue, no funding history, no M&A activity, no geographic expansion, and no documented product launches in the input data — consistent with a mature, privately held firm focused on retention of its existing Taft-Hartley fund client base rather than scale-driven growth.

Name

Basil Castrovinci Associates

Legal name

Basil Castrovinci Associates, Inc

Website

https://fundactuary.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

Basil Castrovinci Associates is a private Hopatcong, NJ actuarial and third-party administration firm that since 1974 has exclusively served multi-employer, union-sponsored Taft-Hartley Labor-Management Trust Funds with consulting, claims processing, and custom benefit administration systems.

Ownership category

akta.pro rank

Product category

Actuarial & Benefit Fund Administration Services

NAICS

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

SIC

Hospital & Medical Service Plans (6324)

akta.pro primary industry

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

akta.pro secondary industry

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK)

Keywords

• Actuarial consulting services
• Third party administration
• Benefit fund management
• Medical claims processing
• Pension plan administration

Headquarters

HQ city

Hopatcong

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure

Revenue model

1. Actuarial Consulting Services: Provides actuarial consulting services for Pension, Annuity, Welfare Funds, and Supplemental Funds (Vacation, Education, ASB, COLA, SRA Funds). Revenue generated through professional service fees for actuarial analysis and compliance services.
2. Third Party Administration: Provides third party administration services and medical claims payor services for union-sponsored benefit plans. Revenue generated through ongoing administrative service fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Basil Castrovinci Associates provides actuarial consulting and third party administration services exclusively for multi-employer union-sponsored Collectively Bargained Taft-Hartley Funds. Offerings span pension, annuity, welfare, and supplemental fund (Vacation, Education, ASB, COLA, SRA) actuarial consulting, third party administration, medical claims processing, and custom-built record keeping and web-based benefit administration systems.

Product overview

Basil Castrovinci Associates provides a comprehensive suite of Taft-Hartley Labor-Management Trust Fund administration services. The company offers actuarial consulting for pension, annuity, welfare, and supplemental funds; third-party administration; medical claims processing; and custom-built benefit administration systems with web-based portal access for participants, trustees, administrators, and healthcare providers. All services are delivered directly from their New Jersey office, serving union-sponsored collectively bargained funds exclusively since 1974.

Differentiator

Problem solved

Functional benefit

Products and services

• Actuarial Consulting Services Provides actuarial consulting services for Pension, Annuity, and Welfare Funds, as well as Supplemental, Vacation, Education, ASB, COLA, and SRA Funds, for multi-employer Taft-Hartley Labor-Management Trust Funds.
• Third Party Administration Third party administrator for multi-employer Taft-Hartley Union-sponsored benefit trust funds, providing ongoing administrative services delivered directly from the firm's New Jersey office.
• Medical Claims Processing Medical claims payor services for union benefit plans, including eligibility verification and claims status checking for medical providers via web portal.
• Custom Record Keeping Systems Design and development of custom record keeping systems tailored to Taft-Hartley trust funds, supporting data processing and complete benefit administration workflows.
• Web Portal Services Web-based portal providing secure access for Plan Participants, Trustees, Administrators, and Medical Providers to check eligibility, claims status, and manage benefit fund information.

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

Feature3 records

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• The Segal Group: The Segal Group is a large, independent actuarial and benefits consulting firm with deep, dedicated practices serving multi-employer Taft-Hartley and public-sector benefit funds. Like BCA, Segal anchors its business around actuarial, administration, and compliance services for collectively bargained plans, making it the closest scaled direct peer.
• Conrad Siegel Actuaries: Conrad Siegel is a regional actuarial, benefits administration, and retirement plan consulting firm with significant multi-employer/Taft-Hartley fund clients. It competes with BCA in providing actuarial consulting, third-party administration, and defined contribution services to jointly trusteed labor-management funds.
• Horizon Actuarial Services: Horizon Actuarial Services specializes in actuarial consulting and third-party administration for multi-employer, Taft-Hartley, and public-sector benefit plans. Its service mix—actuarial valuations, plan administration, and compliance for union-sponsored funds—overlaps directly with BCA's core offerings.
• Cheiron: Cheiron is an actuarial consulting firm with a dedicated multi-employer/Taft-Hartley practice providing actuarial valuations, funding studies, and plan administration support to union-sponsored funds. It competes with BCA for the same trustee-board relationships and regulatory expertise.
• Nyhart (formerly Nyhart Eder): Nyhart provides actuarial consulting and third-party administration services with a strong focus on multi-employer, Taft-Hartley, and government benefit plans. Its combination of actuarial and TPA capabilities for union funds closely mirrors BCA's vertical.

Broad incumbents

• Milliman: Milliman is one of the largest global actuarial and consulting firms with a substantial multi-employer/Taft-Hartley practice providing valuations, administration, and risk-management services. As a broad incumbent, it competes with BCA for large Taft-Hartley engagements while serving many other segments.
• Mercer (Marsh McLennan): Mercer is a global benefits and actuarial consulting firm with a dedicated U.S. multi-employer and Taft-Hartley practice. While it covers a much broader client base, its multi-employer services overlap with BCA's offerings at the larger end of the market.
• Aon (Human Capital / Retirement): Aon's human capital and retirement practice includes actuarial consulting and administration for multi-employer/Taft-Hartley plans as part of a much broader benefits portfolio. It is an incumbent competitor for larger Taft-Hartley engagements where BCA also competes.
• Willis Towers Watson: WTW provides actuarial, retirement, and benefits administration consulting with multi-employer plan capabilities as part of its global human capital practice. It competes with BCA in the actuarial and administration work for union-sponsored funds, particularly at the larger end.
• CBIZ Benefits & Insurance Services: CBIZ provides actuarial, benefits administration, and consulting services to a range of employer-sponsored plans, including multi-employer clients. While broader in scope, its TPA and actuarial capabilities make it an indirect incumbent peer to BCA's Taft-Hartley work.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/basil-castrovinci-assoc

Compliance2 records

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 Basil Castrovinci Associates