Northern California Plasterers Trust Funds

What Northern California Plasterers Trust Funds does

Northern California Plasterers Trust Funds is a Taft-Hartley multi-employer employee benefit trust fund organized under ERISA, providing health, welfare, and pension benefits to active and retired plastering and cement masonry industry workers in Northern California. Coverage is established through collective bargaining agreements with Operative Plasterers' and Cement Masons' Local Union No. 300 and Plasterers' and Shophands' Local Union No. 66, extending to qualified retirees, signatory employers, non-bargaining unit employees, and eligible dependents. The Trust operates three core benefit vehicles: the Northern California Plasterers Health & Welfare Trust Fund (medical, dental, vision, life, AD&D, HRA), the Northern California Plastering Industry Pension Plan (Defined Benefit), and the Plasterers Local 66 Supplemental Pension Trust (Defined Contribution).

The fund's core technology stack is built on third-party platforms rather than proprietary systems. Employer contribution reporting is handled through i-Remit, which automates monthly contribution calculations and ACH electronic payments. Participants access benefit information via the ISISystems portal and manage HRA accounts through BASIC Consumer Driven Accounts (CDA) with smart debit cards. Trustees use OnBoard for paperless board meetings. The eligibility system is hour-based: participants become eligible when 210 hours are reported and paid in two consecutive months, with a reserve account holding up to 420 hours to bridge periods of variable employment common in construction trades.

Revenue is derived from employer contributions based on hours worked under collective bargaining agreements, supplemented by COBRA and self-pay premiums from participants who lose coverage due to qualifying events. Day-to-day plan administration is outsourced to Health Services & Benefit Administrators (HSBA), which operates from Dublin, California. Benefits are delivered through a network of contracted insurance providers including Kaiser Permanente, BlueShield of California, Delta Dental, VSP, PhysMetrics, and Lincoln Life, positioning the Trust as a plan sponsor and benefits aggregator rather than a direct insurance carrier. The strategic posture is defensive and consolidation-oriented, as evidenced by the 2023 Local 66 merger and the selective upgrades of partner providers and benefit terms.

Name

Northern California Plasterers Trust Funds

Legal name

Northern California Plasterers Trust Funds

Website

https://plasterersbenefits.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Northern California Plasterers Trust Funds is a Taft-Hartley multi-employer ERISA benefit trust providing health, welfare, and pension benefits to active and retired plasterers and cement masons under CBAs with Local Union No. 300 and Local Union No. 66 in Northern California.

Ownership category

akta.pro rank

Product category

Multi-Employer Benefit Trust Fund

NAICS

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

SIC

Hospital & Medical Service Plans (6324), Life Insurance (6311)

akta.pro primary industry

Fiduciary Agency & Trustee-for-Hire Services (FSAAANAL)

akta.pro secondary industry

Worksite AD&D Insurance (FSAIAMAE)

Keywords

• Multi-employer benefit plans
• Taft-Hartley trust funds
• Pension plan administration
• Health welfare benefits
• Employee benefit administration

Headquarters

HQ city

Dublin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others

Revenue model

1. Employer Contributions: The Trust Fund receives contributions from signatory employers based on hours worked by covered employees under collective bargaining agreements. Contributions fund health & welfare benefits, pension plans, and vacation benefits.
2. COBRA and Self-Pay Premiums: Participants who lose coverage due to qualifying events (low hours, divorce, death, dependent age limit) can continue coverage through COBRA or self-pay arrangements.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

The Northern California Plasterers Trust Funds is a multi-employer Taft-Hartley joint labor-management trust fund that administers health and welfare benefits, pension benefits, and supplemental benefits for active and retired plastering industry workers in Northern California covered under collective bargaining agreements with Local Union No. 300 and Local Union No. 66. The fund is funded by employer contributions based on hours worked and delivers medical (Kaiser HMO, BlueShield HMO/PPO), dental (Delta Dental), vision (VSP), chiropractic/acupuncture (PhysMetrics), life/AD&D (Lincoln Life), HRA (BASIC CDA), and pension (defined benefit and defined contribution) coverage through self-service online portals and contracted provider networks, with day-to-day administration handled by Health Services & Benefit Administrators under trustee oversight.

Product overview

Northern California Plasterers Trust Funds operates a multi-benefit trust providing comprehensive health and welfare benefits and pension plans to active and retired plasterers and cement masons in Northern California. The core product portfolio includes three medical plan options (Kaiser HMO, BlueShield HMO, BlueShield PPO), dental coverage through Delta Dental, vision through VSP, and supplemental benefits including chiropractic/acupuncture (PhysMetrics), hearing aids, life insurance (Lincoln Life), and vacation funds. The pension program consists of two distinct plans: a Defined Benefit Pension Plan offering guaranteed monthly payments, and a Defined Contribution Plan (Plasterers Local 66 Supplemental Pension Trust) providing individual account balances. Additional services include HRA accounts through BASIC Consumer Driven Accounts and Points Account for premium payments and medical expense reimbursements.

Differentiator

Problem solved

Functional benefit

Products and services

• Health Benefits - Medical Coverage Medical plan coverage offering multiple plan options (Kaiser HMO Active/Retiree HDHP, BlueShield of California HMO, BlueShield of California PPO) with varying deductibles, copays, and network rules, available to active employees, retirees, and eligible dependents of the Trust.
• Health Benefits - Dental Coverage Dental insurance coverage through Delta Dental PPO and Delta Dental Premier networks providing diagnostic, preventive, basic, major, and orthodontic services up to a $1,750 per-member annual maximum and $1,500 lifetime orthodontic maximum.
• Health Benefits - Vision Coverage Vision benefits delivered through Vision Service Plan (VSP) including exams, lenses, frames with a $150 allowance every 24 months, and contact lenses with a $150 allowance; exams and lenses are covered every 12 months with a $5 exam deductible.
• Chiropractic & Acupuncture Benefits Supplemental coverage for chiropractic and acupuncture services provided through PhysMetrics, designed to supplement major medical plans and covering medically necessary services for Trust participants.
• Defined Benefit Pension Plan Traditional pension plan offering monthly benefit payments for life upon qualified retirement, with a benefit accrual rate increased to 2.5% for plan years beginning in 2024 for all active Plan participants.
• Defined Contribution Pension Plan Individual account pension plan (Plasterers Local 66 Supplemental Pension Trust) funded entirely by employer contributions, providing participants with quarterly account statements and multiple distribution options at retirement.
• Hearing Aid Benefits Self-funded hearing aid benefits available to participants and eligible spouses or domestic partners, with coverage levels varying by plan (United Health Care, Kaiser).
• Life Insurance & AD&D Group life insurance and accidental death and dismemberment (AD&D) insurance provided through Lincoln Life under Group Policy 000010051405, with $10,000 life insurance for active employees, $2,000 for retirees, $5,000 spouse coverage, and $5,000 dependent child coverage.
• Vacation Benefits Vacation contributions based on hours worked by covered employees, forwarded by the Trust office to Operating Engineers Federal Credit Union and credited to individual member accounts by the 5th of each month.
• HRA - BASIC Consumer Driven Accounts Health Reimbursement Account (HRA) platform administered through BASIC Consumer Driven Accounts, providing participants with a smart benefits debit card (BASIC Card accepted anywhere Mastercard is accepted), a MyCash reimbursement account with immediate fund processing, and access via one website and one mobile app for managing HRA benefits.

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core.

• Delta DentalcoreTechnology or Integration · 1 July 2023Effective July 1, 2023, Delta Dental became the primary dental benefits provider, replacing Premier Access. Offers PPO and Premier networks. Maximum benefit of $1,750 per member per year.
• Kaiser PermanentecoreTechnology or IntegrationProvides HMO medical coverage for active participants. Kaiser participants must receive all care at Kaiser clinics and hospitals. Offers Active HDHP and Retiree HDHP plan options.
• BlueShield of CaliforniacoreTechnology or IntegrationProvides both HMO and PPO medical coverage options. BSCA HMO requires care coordination through Primary Care Physician. BSCA PPO allows participants to visit any provider with higher benefits for contracted PPO providers.
• Vision Service Plan (VSP)coreTechnology or IntegrationProvides vision care benefits including exams, lenses, frames (with $150 allowance), and contact lenses. Exam covered every 12 months, frames every 24 months.
• BASIC Consumer Driven Accounts (CDA)coreTechnology or IntegrationProvides HRA (Health Reimbursement Arrangement) platform with smart benefits debit card (BASIC Card) that works anywhere Mastercard is accepted. Manages MyCash reimbursement accounts with immediate fund processing.
• Lincoln LifecoreTechnology or IntegrationProvides life insurance ($10,000 active employees, $2,000 retirees) and accidental death and dismemberment (AD&D) insurance through Group Policy 000010051405.
• Operating Engineers Federal Credit UnioncoreChannel Partner/ Reseller/ DistributorVacation contributions from employers are forwarded by the Trust office to Operating Engineers Credit Union and credited to individual member accounts. Contributions posted by the 5th of each month.
• Health Services & Benefit Administrators (HSBA)coreImplementation/ SI/ Consulting PartnerPlan Administrator managing day-to-day operations of the Trust Fund. Located at 4160 Dublin Boulevard, Suite 100, Dublin, CA 94568. Phone: (844) 663-8121. Email: [email protected].
• OnBoardcoreTechnology or IntegrationInteractive, paperless board meeting application for Trustees and Plan Advisors providing centralized board documents and secure communication and collaboration.
• Operative Plasterers' and Cement Masons' Local Union No. 300coreStrategic or Co-development PartnerOne of two collective bargaining agreement union locals whose members are covered under the Northern California Plasterers Trust Funds.
• Plasterers' and Shophands' Local Union No. 66coreStrategic or Co-development PartnerOne of two collective bargaining agreement union locals whose members are covered under the Northern California Plasterers Trust Funds. Merged with Plasterers Local 66 effective June 1, 2023.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Operating Engineers Health & Welfare Trust Fund (Local 3): Taft-Hartley multi-employer trust fund serving Operating Engineers Local 3 in Northern California. Directly comparable multi-employer construction trade trust providing health, welfare, and pension benefits to covered workers under a CBA framework.
• Northern California Carpenters Health & Welfare Trust Funds: Multi-employer construction trade trust fund serving carpenters in Northern California. Directly comparable Taft-Hartley structure with similar benefit offerings and administration model for union construction workers.
• Cement Masons Local 600 Trust Funds: Trust fund serving cement masons, a closely related construction trade to plastering. Directly comparable multi-employer Taft-Hartley structure with overlapping benefit administration needs and similar participant demographics.
• Painters & Allied Trades District Council Trust Funds: Multi-employer Taft-Hartley trust fund serving painters and allied construction trades. Directly comparable structure providing health and pension benefits under CBA framework to construction trade workers.
• Sheet Metal Workers Trust Funds of Northern California: Multi-employer Taft-Hartley trust fund serving sheet metal workers in Northern California. Directly comparable structure providing health, welfare, and pension benefits under the same multi-employer model.
• Laborers Trust Funds of Northern California: Multi-employer Taft-Hartley trust fund serving laborers in Northern California construction industry. Directly comparable structure providing health, welfare, and pension benefits to covered workers under the same multi-employer model.
• IBEW Local 332 NECA Trust Funds: Trust funds serving International Brotherhood of Electrical Workers Local 332 in Northern California. Directly comparable Taft-Hartley construction trade multi-employer benefit trust with similar fund administration scale.
• Bricklayers & Allied Craftworkers Local 3 Trust Funds: Trust fund serving bricklayers and allied masonry craftworkers, a closely related trade to plastering and cement masonry. Directly comparable multi-employer Taft-Hartley structure with overlapping union and contractor ecosystem.
• Plumbers & Pipefitters Local 246 Trust Funds: Multi-employer Taft-Hartley trust fund serving plumbers and pipefitters in Northern California. Directly comparable construction trade benefit trust structure with similar participant demographics and CBA administration.
• Roofers & Waterproofers Trust Funds: Multi-employer Taft-Hartley trust fund serving roofers and waterproofers. Directly comparable construction trade trust providing similar health and pension benefits under CBA framework for unionized construction workers.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 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 Northern California Plasterers Trust Funds