Teamsters Local 170 Health and Welfare Fund

What Teamsters Local 170 Health and Welfare Fund does

Teamsters Local 170 Health and Welfare Fund is a Taft-Hartley multiemployer health and welfare trust established under ERISA (Plan No. 501) and headquartered at 330 Southwest Cutoff, Suite 202, Worcester, Massachusetts. It is governed by a joint Board of Trustees comprising three union and three employer representatives who serve as named fiduciaries without compensation, with Shannon R. George (Union) serving as Co-Chair. The fund provides health and welfare benefits to active members, early retirees, and dependents of Teamsters Local 170 across Massachusetts and the broader New England region, financed entirely through employer contributions pursuant to collective bargaining agreements.

The fund's core product is a multi-line benefits package that includes medical coverage through Blue Cross Blue Shield of Massachusetts across four plan designs (Blue Care Elect Preferred PPO, Blue Choice New England 2 POS, Network Blue New England Options v.5, and Network Blue New England Value), Dental Blue Freedom for active and retiree members, vision benefits administered by Davis Vision, prescription drug coverage through BCBSMA Pharmacy and EnvisionRxOptions (with mail service via Drug Source, Inc. and specialty pharmacy via Costco), and life insurance and AD&D through Symetra. Member-facing technology is limited to the ISSI Systems online portal, which provides plan updates, benefit lookups, and form downloads; the fund itself does not develop proprietary technology or AI capabilities. Day-to-day administration is handled by a small in-house staff (1-10 employees).

The revenue model is subscription/recurring in nature: employers contribute to the trust on a per-covered-employee basis as defined in CBAs, and those contributions fund claims and administrative expenses. Benefit pricing is not publicly disclosed because contribution rates are negotiated rather than marketed. Distribution is employer-channel-driven — there is no consumer-facing acquisition motion; member enrollment is a function of Local 170 membership and participating employer rosters. The fund is a private, non-equity trust and is not investment-eligible in the conventional PE/VC sense; ownership commentary confirms no parent company exists beyond the labor-management trust structure.

Name

Teamsters Local 170 Health and Welfare Fund

Legal name

Teamsters Local 170 Health and Welfare Fund

Website

https://teamsters170hwf.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Teamsters Local 170 Health and Welfare Fund is a Taft-Hartley multiemployer ERISA trust providing medical, dental, vision, prescription drug, and life insurance benefits to Teamsters Local 170 union members, retirees, and dependents across Massachusetts and New England, financed by employer contributions under collective bargaining agreements.

Ownership category

akta.pro rank

Headquarters

HQ city

Worcester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Employer Contributions: The fund is financed through employer contributions made pursuant to collective bargaining agreements with Teamsters Local 170. Employers contribute to provide health benefits to union members and their dependents.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

The Teamsters Local 170 Health and Welfare Fund is a Taft-Hartley multiemployer health and welfare fund that provides a comprehensive suite of health and welfare benefits to union members, retirees, and their dependents. Core offerings include medical insurance through multiple Blue Cross Blue Shield of Massachusetts plan options (Blue Care Elect Preferred PPO, Blue Choice New England 2 POS, and Network Blue New England tiered plans), prescription drug benefits, dental coverage, vision benefits, life insurance and AD&D, an Early Retiree Plan, and wellness programs. Benefits are financed by employer contributions negotiated through collective bargaining agreements and administered under ERISA Plan Document #501.

Product overview

Teamsters Local 170 Health and Welfare Fund is a Taft-Hartley multiemployer health and welfare fund that provides a comprehensive suite of health benefits to union members and their families. The fund offers medical coverage through Blue Cross Blue Shield of Massachusetts with multiple plan options (Blue Care Elect Preferred PPO, Blue Choice New England 2 POS, Network Blue New England Options v.5, and Network Blue New England Value), dental coverage via Dental Blue Freedom for active and retired members, vision benefits administered by Davis Vision, and prescription drug benefits through BCBSMA Pharmacy and Envision Rx. Additional benefits include life insurance and AD&D coverage through Symetra for full-time and part-time employees, an Early Retiree Plan, and wellness programs including the Spring Steps Challenge. Members access services through an online member portal and various downloadable forms.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Plans (Blue Cross Blue Shield of Massachusetts) Medical insurance coverage offered to Teamsters Local 170 union members, retirees, and dependents through multiple Blue Cross Blue Shield of Massachusetts plan options, providing PPO, POS, and Managed Tiered choices.
• Early Retiree Plan Comprehensive health benefits plan designed for early retirees of Teamsters Local 170 and their dependents, providing BCBSMA coverage with defined eligibility rules and procedures.
• Dental Coverage (Dental Blue Freedom) Dental insurance coverage provided through Dental Blue Freedom for both active and retired Teamsters Local 170 members, covering preventive and basic dental services.
• Vision Benefits (Davis Vision) Vision benefits administered by Davis Vision providing eye exams, glasses, and contact lens coverage for active and retired Teamsters Local 170 members and dependents.
• Prescription Drug Benefits Prescription drug coverage for members via BCBSMA Pharmacy and EnvisionRxOptions, providing retail and mail-order pharmacy options and specialty pharmacy access through Costco Specialty Services and Drug Source, Inc.
• Life Insurance and AD&D (Symetra) Group life insurance and Accidental Death and Dismemberment (AD&D) benefits offered to full-time and part-time active members through Symetra under separate benefit plans.
• Wellness Programs Annual wellness programs offered to members, including the Spring Steps Challenge with Fitbit integration, designed to promote physical activity and healthy lifestyles among Teamsters Local 170 members.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and secondary.

• Blue Cross Blue Shield of MassachusettscoreTechnology or IntegrationPrimary medical benefits provider offering multiple plan options including PPO, POS, and managed tiered plans. Administers prescription drug benefits and provides pharmacy formulary guides.
• Davis VisioncoreTechnology or IntegrationAdministers vision benefits for active and retiree members. Provides direct reimbursement claim forms and vision care coverage.
• EnvisionRxOptionscoreTechnology or IntegrationProvides prescription drug benefits for retail pharmacy. Alternative pharmacy benefit option alongside BCBSMA pharmacy program.
• SymetracoreTechnology or IntegrationProvides life insurance and AD&D benefits for full-time and part-time active members under separate benefit plans.
• Fallon HealthsecondaryTechnology or IntegrationAlternative health plan option for members, offering coverage including the Fallon Select Supreme Plan. Previously provided substance use disorder navigation support.
• ISSI SystemscoreTechnology or IntegrationProvides the online member and employer portal platform (eCommerce systems) for members to access plan information and login to view benefits.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• UNITE HERE Health: One of the largest Taft-Hartley multiemployer health and welfare funds in the U.S., providing comprehensive medical, dental, vision, and ancillary benefits to unionized hospitality and food service workers. Closely comparable in joint labor-management governance, pooled employer contribution model, and multi-product benefit offering structure.
• NECA-IBEW Welfare Trust Fund: Taft-Hartley multiemployer health and welfare trust fund jointly established by NECA contractors and IBEW locals. Operates with the same joint labor-management governance, pooled employer contribution structure, and ERISA fiduciary framework as Teamsters Local 170 HWF.
• Sheet Metal Workers' National Health Fund: National Taft-Hartley multiemployer health fund providing benefits to sheet metal workers through pooled employer contributions under collective bargaining. Comparable multiemployer structure, governance composition, and multi-product benefit suite to the Teamsters Local 170 model.
• National Elevator Industry Health Benefit Plan: Multiemployer Taft-Hartley health benefit plan for elevator industry constructors and mechanics, structured with pooled employer contributions and ERISA fiduciary governance. Highly comparable operating model to Teamsters Local 170 HWF in administering benefits to a single trade across multiple contributing employers.
• Operating Engineers Local 825 Health & Welfare Trust Fund: Taft-Hartley health and welfare trust fund for Operating Engineers Local 825 in the Northeast U.S. Operates with the same multiemployer pooled benefit model and joint labor-management governance structure as Teamsters Local 170 HWF.
• Plumbers Local 1 Health & Welfare Fund: Taft-Hartley health and welfare fund for plumbers and pipefitters union members, with similar pooled employer contribution structure under multi-employer collective bargaining agreements. Directly comparable in fund structure and member benefit design to Teamsters Local 170 HWF.

Regional players

• New England Carpenters Health Benefits Fund: Regional Taft-Hartley health benefits fund for carpenters in the New England area. Comparable in geographic scope to Teamsters Local 170 HWF, both operating in the same northeastern construction/building trades labor market with multiemployer pooled benefits.
• Carpenters Health and Welfare Fund of Philadelphia: Regional Taft-Hartley health fund for carpenters in the Philadelphia metropolitan area, with similar multiemployer pooled structure serving union members in a defined metropolitan geography. Comparable regional operating model.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Teamsters Local 170 Health and Welfare Fund