Automotive Industries Trust Funds

What Automotive Industries Trust Funds does

Automotive Industries Trust Funds is a Taft-Hartley multiemployer benefit trust fund established in 1955 under ERISA, headquartered at 4160 Dublin Boulevard, Dublin, California. The fund administers retirement and health benefit programs on behalf of workers and retirees in the automotive industry across 13 Western U.S. states, governed jointly by labor trustees (representing IAM, Teamsters, and Painters locals) and management trustees (representing contributing employers including automotive dealerships and parts retail shops). Participation is automatic upon employment at a contributing employer covered by a collective bargaining agreement; the trust does not actively market or sell its services.

The fund operates five core plan lines: Active Health & Welfare (Plan A, C, K20, K500, K1000), Retiree Health & Welfare (Medicare and Non-Medicare options via the CMTA-IAM Joint Retiree Plans), the Automotive Industries Pension Plan (a defined benefit plan), the Individual Account Retirement Plan (IARP, defined contribution), and the M.J. Day Machinists Retiree Health Investment Plan (individual spending accounts for retiree healthcare premiums). Technology infrastructure is delegated to third-party administrators and vendors — Health Services & Benefit Administrators (HS&BA) provides overall administration; ISSI Systems powers the participant portal; WEX Health powers the HRA portal; Calendly handles appointment scheduling; Uprise Health delivers the Employee Assistance Program; and Anthem Blue Cross provides underlying medical coverage. Multiple dedicated login portals exist for participants, employers, HRA users, and trustees.

Revenue mechanics are structured as recurring employer contributions paid quarterly under collective bargaining agreements, supplemented by retiree self-payments (COBRA and retiree health) loaded onto debit cards. The Pension Plan entered Critical and Declining Status due to a 53% decline in the working participant population over 15 years, with benefit payments running at $6 per $1 of contributions received. In 2023, the Pension Plan received $1,079,929,797.05 in Special Financial Assistance from the Pension Benefit Guaranty Corporation under the American Rescue Plan Act, extending projected solvency to 2051. The trust is exempt from conventional revenue reporting and is not venture-backed, privately held by a parent, or publicly traded.

Name

Automotive Industries Trust Funds

Legal name

Automotive Industries Trust Funds

Website

https://aitrustfunds.org

Company type

Private

Founded year

1955

Operating status

Operating

Short description

Automotive Industries Trust Funds is a Taft-Hartley multiemployer benefit trust that administers pension, health and welfare, individual account, and retiree health investment plans for automotive industry workers and retirees across 13 Western U.S. states, governed jointly by labor and management trustees.

Ownership category

akta.pro rank

Product category

Multiemployer Pension and Welfare Benefits Administration

NAICS

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

SIC

Hospital & Medical Service Plans (6324), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

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

akta.pro secondary industries

Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)

Keywords

• Multiemployer benefit trust
• Taft-Hartley pension fund
• Health and welfare benefits
• Defined benefit pension
• Collective bargaining benefits

Headquarters

HQ city

Dublin

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Employer Contributions: Contributing employers make contributions to the trust funds based on collective bargaining agreements. Contributions are made on a quarterly basis to fund pension benefits and individual accounts. The amount of employer contributions determines the benefit levels for participants.
2. Self-Payments (COBRA/Retiree): Retirees and former employees may make self-payments for continued coverage under COBRA continuation or retiree health plans. These payments are loaded onto debit cards for co-payments.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Automotive Industries Trust Funds is a private multiemployer (Taft-Hartley) employee benefit trust established under ERISA that administers pension, health and welfare, and individual account retirement benefits for automotive industry workers and retirees in the Western United States. Contributing employers make quarterly contributions under collective bargaining agreements with the IAM, Teamsters, and Painters unions to fund the benefits, which are delivered through defined benefit pensions, active and retiree health plans, individual account plans, and the M.J. Day Machinists Retiree Health Investment Plan.

Product overview

Automotive Industries Trust Funds operates a multi-plan benefit administration platform consisting of five core product lines: Active Health & Welfare Plans (Plan A, C, K20, K500, K1000), Retiree Health & Welfare Plans (Medicare and Non-Medicare options), Pension Plan, Individual Account Retirement Plan (IARP), and the M.J. Day Machinists Retiree Health Investment Plan. The platform is supplemented by an Employee Assistance Program (EAP) offered through Uprise Health and an HRA Portal powered by WEX Health. These products collectively provide comprehensive retirement and healthcare benefits administration for automotive industry workers and retirees, including medical coverage, pension benefits, individual retirement accounts, and wellness programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Active Health & Welfare Plans Employer-funded health benefit plans for active employees at contributing automotive dealerships, parts retail shops, and related employers covered by collective bargaining agreements. Includes multiple plan options (Plan A, Plan C, Plan K20, Plan K500, Plan K1000) with medical, disability, and wellness coverage.
• Retiree Health & Welfare Plans Health benefit plans for former automotive industry employees, including Medicare Retirees Health and Non-Medicare Retirees Health options, administered through the CMTA-IAM Joint Retiree Plans. Includes retiree debit card and reimbursement features.
• Pension Plan Defined benefit pension plan providing retirement benefits to automotive industry workers and retirees based on credited service and employer contributions. Offers Normal, Early, Unreduced, Rule of 85, and disability retirement options, plus death and survivor benefits.
• Individual Account Retirement Plan (IARP) Defined contribution retirement plan in which employers contribute specific amounts to individual participant accounts, providing supplemental retirement income alongside the defined benefit pension. Includes death benefits and reciprocity with related IAM plans.
• M.J. Day Machinists Retiree Health Investment Plan Individual spending account program for retirees that reimburses eligible healthcare premiums for retirees and their dependents, funded exclusively through employer contributions. Includes debit card and reimbursement claim features.
• HRA Portal (Health Reimbursement Arrangement) Online portal powered by WEX Health Inc. that allows participants to access health reimbursement arrangement accounts, file claims, view balances, sign up for direct deposit, and receive email notifications.

Quantifiable outcome

• $1,079,929,797.05 in Special Financial Assistance secured from PBGC
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• CancerNavigatorminorStrategic or Co-development Partner · 1 September 2025CancerNavigator assists Anthem Blue Cross members with navigating the healthcare system if they receive a cancer diagnosis. Effective September 1, 2025 for active health plan members.
• Uprise HealthcoreStrategic or Co-development PartnerUprise Health provides an Employee Assistance Program (EAP) and Legal/Financial Program (LFP) for eligible participants. The EAP offers confidential support services including counseling, legal representation, and financial expertise. Services are 100% confidential and at no cost to participants and dependents. Access code: AUTOMOTIVE.
• WEX Health Inc.coreTechnology or IntegrationWEX Health Inc. powers the HRA (Health Reimbursement Arrangement) portal platform used by the trust fund. The platform enables participants to file claims, view account balances, sign up for direct deposit, and receive email notifications. Copyright 2004-2026.
• IAM National Pension FundminorStrategic or Co-development PartnerRecognized as a Related Plan. Service credits can be combined between the Automotive Industries Pension Plan and IAM National Pension Fund for determining vesting, break in service, and retirement eligibility.
• Automotive Machinists Pension Trust FundminorStrategic or Co-development PartnerRecognized as a Related Plan. Service credits can be combined for determining pension eligibility and benefits across both plans.
• Pacific Coast Shipyards Pension FundminorStrategic or Co-development PartnerRecognized as a Related Plan. Service credits can be combined for determining pension eligibility and benefits.
• IAM & AW District Lodge 190coreChannel Partner/ Reseller/ DistributorUnion partner representing machinists and aerospace workers in the Western U.S. Distributes trust fund information and benefits to members. Local Lodge 1101 is represented on the Individual Account Retirement Plan Board of Trustees.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Milliman: Global actuarial and consulting firm with deep multiemployer pension practice. Broad incumbent providing actuarial, plan administration, and SFA application support to plans similar to AI Trust Funds.
• Segal Group: Large actuarial and benefits consulting firm specializing in multiemployer Taft-Hartley plans. Comparable as a broad incumbent providing plan administration, actuarial, and consulting services across the same multiemployer trust ecosystem.

Direct peers

• Pacific Coast Shipyards Pension Fund: Taft-Hartley multiemployer pension plan for IAM-represented shipyard workers on the Pacific Coast. Direct peer under same reciprocity network as AI Trust Funds, serving machinists in related industrial sectors.
• CMTA-IAM Joint Retiree Health & Welfare Trust: Joint labor-management retiree health and welfare trust administered in the same Dublin, CA office as AI Trust Funds. Direct peer for the retiree H&W portion of the fund's offering.
• United Auto Workers (UAW) Retiree Medical Benefits Trust: Multiemployer-style trust providing retiree health and welfare benefits to UAW members in the automotive industry. Highly comparable given the same automotive industry context and H&W benefit focus.
• Western Conference of Teamsters Pension Plan: Large Taft-Hartley multiemployer pension plan covering Teamsters members across the Western U.S. Comparable as a major multiemployer pension fund serving unionized workers in transportation and related industries.
• Automotive Machinists Pension Trust Fund: Taft-Hartley multiemployer pension plan covering automotive industry machinists. A direct peer with which AI Trust Funds has service credit reciprocity, serving an overlapping IAM constituency in the Western U.S.
• Sound Retirement Trust: Taft-Hartley multiemployer pension plan for IAM-represented aerospace workers in the Pacific Northwest. Direct peer serving a similar IAM constituency with reciprocal service credit arrangements and PBGC oversight.
• IAM National Pension Fund: Taft-Hartley multiemployer defined benefit pension plan for IAM members across multiple industries. Directly comparable as a related IAM-affiliated pension plan with which AI Trust Funds has reciprocity agreements.

Others

• WEX Health (WEX Inc.): Technology vendor powering the HRA portal for AI Trust Funds and many other multiemployer plans. Adjacent peer as a critical infrastructure/enabling technology provider to multiemployer benefit administration.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Automotive Industries Trust Funds