Operating Engineers Trust Funds

What Operating Engineers Trust Funds does

Operating Engineers Funds, Inc. (OEFI, dba Operating Engineers Trust Funds) is a private, non-profit corporation and multi-employer benefit trust established in 1954 and headquartered at 100 Corson Street, Pasadena, California, with a regional office in Las Vegas, Nevada. The fund administers employee benefit programs for over 20,000 members, dependents, and beneficiaries of the International Union of Operating Engineers (IUOE) Local 12, who are heavy equipment operators, mechanics, concrete pumpers, soil testers, inspectors, and surveyors working in public and private construction across California and Nevada. It is governed by a 14-member Board of Trustees split evenly between Union and Employer appointees under a jointly-trusteed labor-management structure, and funded through employer contributions set by collective bargaining agreements.

The fund delivers four core benefit lines: a Health and Welfare plan (medical PPO/HMO via Anthem Blue Cross, Kaiser Permanente, UnitedHealthcare, and Health Plan of Nevada; CVS Caremark pharmacy; dental through Operating Engineers Dental PPO, United Concordia, Delta Dental, Western Dental, and MetLife; VSP vision; Carelon Behavioral Health and LiveHealth Online for mental health and telemedicine; life/AD&D; and disability), a defined benefit Pension Plan, a Defined Contribution Plan, and a Vacation-Holiday Plan, plus retiree-specific coverage tiers. Technology is built around three role-specific web portals: a member self-service portal at memberxg.gobasys.com/oefi, an EmployerXG online remittance system at employer.gobasys.com, and a healthcare Provider portal at providers.oefi.org, with premium billing handled through E-Bill Express.

Revenue mechanics are non-commercial: employers are contractually obligated to contribute at fixed hourly rates set by collective bargaining, due monthly, with retirees making monthly self-payments that vary by plan, Medicare status, and coverage level. The go-to-market is structural rather than sales-driven — new signatory employers and members are routed through Local 12 and the jointly-trusteed governance model rather than acquired through conventional marketing channels.

Name

Operating Engineers Trust Funds

Legal name

Operating Engineers Funds Inc.

Website

https://oefi.org

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

11–50 employees

Short description

Operating Engineers Trust Funds is a non-profit multi-employer benefit trust administering health and welfare, pension, defined contribution, and vacation-holiday plans for over 20,000 members, dependents, and beneficiaries of IUOE Local 12 across California and Nevada, funded by collective bargaining employer contributions.

Ownership category

akta.pro rank

Product category

Multi-Employer Employee Benefits Administration

NAICS

Health and Welfare Funds (525120), Pension Funds (525110), Insurance and Employee Benefit Funds (5251)

SIC

Hospital & Medical Service Plans (6324), Services-Membership Organizations (8600), Accident & Health Insurance (6321)

akta.pro primary industry

Eligibility, Enrollment & Benefits Administration (HLAEALAH)

akta.pro secondary industries

Benefits Administration & Total Rewards Outsourcing (BPACAKAE), Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Self-Funded (ERISA) Employer Plans (HLAEAAAC), Worksite Financial Wellness & Employee Assistance Programs (EAP) (FSAIAMAN), Worksite Disability Insurance (STD/LTD) (FSAIAMAD)

Keywords

• Employee benefits administration
• Multi-employer health fund
• Pension plan management
• Health and welfare benefits
• Collective bargaining benefits

Headquarters

HQ city

Pasadena

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Employer Contributions: Funding for benefits is set by collective bargaining agreements between employers and Local 12. Employers make contributions on behalf of covered employees at fixed hourly rates. Contributions are due monthly (10th of each month) and considered delinquent after the 20th.

Pricing tiers

Distribution channels1 record

Marketing channels4 records

Core offering

Operating Engineers Funds Inc. administers a comprehensive suite of employee benefit programs for over 20,000 members of the International Union of Operating Engineers (I.U.O.E.) Local 12 and their dependents, including health and welfare (medical, dental, vision, prescription drug, mental health, life insurance, disability), defined benefit pension, defined contribution retirement savings, and vacation-holiday plans. Benefits are funded through employer contributions established via collective bargaining agreements and delivered through integrated partnerships with major insurance carriers (Anthem Blue Cross, Kaiser Permanente, UnitedHealthcare, CVS Caremark, VSP, Delta Dental, United Concordia, Carelon Behavioral Health). The fund operates web-based self-service portals for members, employers, and healthcare providers to manage eligibility, remittance, and claims.

Product overview

Operating Engineers Trust Funds is a multi-employer employee benefit trust administered by a Board of Trustees for over 20,000 members of IUOE Local 12 (heavy equipment operators, mechanics, concrete pumpers, soil testers, inspectors, and surveyors). The organization offers four core product lines: (1) Health and Welfare Fund providing comprehensive medical, pharmacy, dental, vision, mental health, life insurance, and disability benefits through integrated carrier partnerships (Anthem Blue Cross PPO/HMO, Kaiser, Health Plan of Nevada, CVS Caremark, United Concordia, Delta Dental, Western Dental, VSP, Carelon Behavioral Health); (2) Pension Plan providing defined benefit retirement income; (3) Defined Contribution Plan providing individual retirement savings accounts; and (4) Vacation-Holiday Plan. The fund operates member, employer, and provider self-service web portals and is funded through employer contributions established via collective bargaining agreements.

Differentiator

Problem solved

Functional benefit

Products and services

• Operating Engineers Health and Welfare Fund
• Operating Engineers Pension Plan
• Defined Contribution Plan
• Vacation-Holiday Plan
• Member Self-Service Portal
• EmployerXG Online Remittance System
• Healthcare Provider Portal
• Retiree Health and Welfare Plan

Quantifiable outcome

• Over 20,000 members and their dependents covered

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature3 records

Partnerships

14 partnerships are on record, tiered core and secondary.

• Anthem Blue CrosscoreTechnology or IntegrationPrimary medical PPO network provider. Provides access to nationwide network of hospitals and medical providers, performs healthcare management services, provider credentialing and claims screening.
• Kaiser PermanentecoreTechnology or IntegrationProvides prepaid medical and prescription drug benefits for members in California.
• UnitedHealthcarecoreTechnology or IntegrationProvides prepaid medical and prescription drug benefits. Also offers Medicare Advantage PPO plans for retirees.
• Health Plan of NevadacoreTechnology or IntegrationHMO plan available to Nevada residents who are not Medicare primary.
• CVS CaremarkcoreTechnology or IntegrationAdministers the prescription drug benefit for the plan. Members can use CVS retail pharmacies or mail order service.
• Vision Service Plan (VSP)coreTechnology or IntegrationAdministers vision benefit and provides access to network of vision providers for eye exams, glasses, and contacts.
• Carelon Behavioral HealthcoreTechnology or IntegrationAdministers Member Assistance Program (MAP), mental health and substance abuse benefits for active and retired members.
• Delta DentalcoreTechnology or IntegrationProvides DeltaCare USA DHMO plan with over 5,000 participating dental offices in California and Nevada. Also provides PPO dental options.
• United ConcordiacoreTechnology or IntegrationProvides United Concordia Preferred (DPPO) with over 45,000 network dentists, and United Concordia Plus DHMO plan for California residents.
• Western DentalsecondaryTechnology or IntegrationDHMO dental plan option available only to California residents with over 3,400 participating dental offices.
• MetLifesecondaryTechnology or IntegrationProvides dental benefits. Note: MetLife is closed to new enrollment except for adding new spouses and dependents to currently enrolled subscribers.
• LiveHealth OnlinecoreTechnology or IntegrationTelehealth service available to PPO plan enrollees for online doctor visits 24/7 with no copayment.
• Local 12 (IUOE Local Union 12)coreStrategic or Co-development PartnerThe union whose members the trust fund serves. Collective bargaining agreements between employers and Local 12 establish the benefits and contribution rates. Local 12 refers new signatory employers to the Trust Funds.
• MultiEmployer.comsecondaryTechnology or IntegrationPlatform powering the trust fund's website (oefi.org).

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Others

• Kaiser Permanente (as underlying carrier): Major integrated healthcare delivery and insurance carrier that serves as a HMO network option for OEFI's active and retired members in California. Comparable in that it administers pooled employer health arrangements, though not under a multi-employer trust fund structure.

Direct peers

• Plumbers & Pipefitters Local 447 Trust Funds: Multi-employer jointly-trusteed trust fund for U.A. Local 447 plumbers and pipefitters in Southern California. Comparable in structure, scale, and CBA-driven benefit administration for a related construction trade.
• National Electrical Benefit Fund (NEBF): National multi-employer jointly-trusteed pension and H&W fund covering IBEW members across the U.S. Operates on the same trust-fund/fund office model as OEFI but at much larger scale and national scope.
• Carpenters Health and Welfare Trust Fund for California: Multi-employer jointly-trusteed labor-management health, welfare, pension, and vacation plan for the United Brotherhood of Carpenters in California. Operates under the same ERISA multi-employer framework and offers comparable product breadth serving a related construction trade.
• Sheet Metal Workers Local 104 Health and Welfare Trust: Jointly-trusteed multi-employer trust fund for Local 104 sheet metal workers in Northern California, administering H&W, pension, and savings plans. Mirrors OEFI in governance, product mix, and California-heavy geography.
• Operating Engineers Local 3 Trust Funds: A sibling IUOE multi-employer jointly-trusteed trust fund serving Local 3 (Stationary Engineers, Northern California). Most directly comparable peer - identical governance structure (Union/Employer trustees), same product mix (H&W, pension, DC, vacation), and overlapping carrier network (Anthem, Kaiser).
• Cement Masons Health and Welfare Trust: Jointly-trusteed multi-employer H&W, pension, and annuity plan for cement masons across multiple western states including California and Nevada. Highly comparable CBA-driven funding model and benefits scope.
• Teamsters Western Conference Pension Trust: Large multi-employer jointly-trusteed pension and H&W fund for Western Conference Teamsters. Direct comparable on multi-employer jointly-trusted structure though typically larger geographic and industry footprint.
• Laborers Funds Administrative Office of Southern California: Multi-employer jointly-trusteed trust for Laborers International Union in Southern California. Comparable in operating model (CBAs, multi-employer funding, four core benefit lines) and geographic overlap.

Broad incumbents

• BeneSys, Inc. Third-party administrator (TPA) specializing in multi-employer benefit funds serving building trades unions. Provides technology, claims administration, and back-office services to funds structurally similar to OEFI - illustrating the broader ecosystem of multi-employer fund administration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/trustfunds_iuoe_local12

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 Operating Engineers Trust Funds