SEIU Benefit Funds

What SEIU Benefit Funds does

SEIU Benefit Funds is a multiemployer benefit administration organization operating under the Service Employees International Union (SEIU) and administering a portfolio of seven distinct benefit funds covering approximately 120,000 participants, beneficiaries, and pensioners with combined assets of approximately $4 billion. The portfolio includes the SEIU Health & Welfare Fund (medical, prescription drug, dental, and vision benefits for approximately 6,500 participants from 125+ employers), the SEIU National Industry Pension Fund (NIPF) with over $1 billion in assets, the SEIU Affiliates' Officers and Employees Pension Plan (US and Canada), the Pension Plan for Employees of SEIU (US and Canada), and two 401(k) supplemental retirement savings plans. The Funds are structured as Taft-Hartley multiemployer plans, governed by joint union-employer Boards of Trustees, with coverage and contribution terms set by Collective Bargaining Agreements between SEIU locals and contributing employers (1,400+ across all funds).

The underlying technology is a multi-employer benefit administration platform supporting pension, health & welfare, and 401(k) plans with a participant self-service Member Portal (provided through ISSI Systems). Notable platform features include online account management for Affiliates' Officers and Employees Plan and Pension Plan for SEIU Employees participants, multi-factor authentication for account security, and integration with Empower Retirement for 401(k) account access. Health benefits are delivered through a multi-vendor network including Cigna, CareFirst BlueCross BlueShield, BCBS Illinois, Union Health Services, Kelsey-Seybold, UMR United Healthcare, Caremark CVS, Delta Dental, and Cigna Vision; Canadian pension payments are processed via CIBC Mellon. The organization is headquartered in Lehigh Valley, United States, and operates across the US and Canada with a small staff of 11-50 employees.

Revenue is generated through recurring monthly employer contributions to the Health & Welfare Fund and pension funds, supplemented by employee 401(k) contributions (with employer match where applicable) and investment returns on fund assets. Specific pricing is not publicly disclosed as benefit plan costs vary by employer and CBA terms; participants contact SEIU Benefit Funds directly for coverage and cost information. The go-to-market is hybrid: direct enrollment via CBAs negotiated by SEIU locals, supported by member-portal self-service and union-channel communications, alongside sales-led outreach to grow the contributing employer base. Customers are SEIU union members and officers (primary), their eligible dependents, contributing employers (over 1,400), and SEIU/affiliate staff. The Funds are overseen by multiple Boards of Trustees composed of union and employer representatives, with the Executive Director and Counsel (Eunice Washington) reporting to these boards.

Name

SEIU Benefit Funds

Legal name

SEIU Benefit Funds

Website

https://seiufunds.org

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

SEIU Benefit Funds administers a portfolio of seven Taft-Hartley multiemployer pension, health & welfare, and 401(k) plans covering approximately 120,000 SEIU union members, affiliates, and staff across the US and Canada, with combined assets of approximately $4 billion.

Ownership category

akta.pro rank

Product category

Multi-Employer Benefit Administration

NAICS

Health and Welfare Funds (525120), Pension Funds (525110), Pension Funds (52511)

SIC

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

akta.pro primary industry

Worksite Financial Wellness & Employee Assistance Programs (EAP) (FSAIAMAN)

akta.pro secondary industries

Income Support & Cash Assistance Programs (BPAIAKAE), Group Disability Income Insurance (Employer-Sponsored) (FSAIAIAB)

Keywords

• Multiemployer benefit administration
• Pension fund management
• Health welfare benefits
• Retirement savings plans
• Union member benefits

Headquarters

HQ city

Lehigh Valley

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, Marketing or Sales, Infrastructure

Revenue model

1. Employer Contributions: Employers make monthly contributions to the Health & Welfare Fund on behalf of eligible employees. Contributions are governed by Collective Bargaining Agreements (CBAs) between SEIU locals and employers. Some CBAs require participants to pay a portion through payroll deductions.
2. Pension Plan Contributions: Employer contributions to pension funds (NIPF, Affiliates, Staff Plans) made on behalf of participants based on CBA terms. Contributions are invested to grow the fund and provide monthly pensions at retirement.
3. 401(k) Supplemental Retirement Savings: Employee contributions to supplemental retirement savings 401(k) plans (Affiliates' and Staff Plans) with employer match where applicable, administered through Empower Retirement.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

SEIU Benefit Funds administers a portfolio of seven multiemployer benefit funds providing retirement and health benefits to approximately 120,000 participants, beneficiaries, and pensioners across the US and Canada. The funds include the SEIU Health & Welfare Fund (medical, prescription drug, dental, vision), the SEIU National Industry Pension Fund (NIPF), SEIU Affiliates' Officers and Employees Pension Plans (US and Canada), SEIU Staff Pension Plans, and 401(k) supplemental retirement savings plans administered through Empower Retirement. Contributions are funded by 1,400+ employers per Collective Bargaining Agreements with SEIU local unions.

Product overview

SEIU Benefit Funds is a multi-fund benefit administration organization providing retirement and health benefits to SEIU union members, affiliates, and staff. The organization operates as a portfolio of seven distinct benefit funds: the SEIU Health & Welfare Fund (providing medical, prescription, dental, and vision benefits), the SEIU National Industry Pension Fund, the SEIU Affiliates' Officers and Employees Pension Plan (US and Canada), the Pension Plan for Employees of SEIU (Staff Fund), and two 401(k) supplemental retirement savings plans (Affiliates and Staff). Combined assets of approximately $4 billion cover approximately 120,000 participants, beneficiaries, and pensioners. Participants access accounts through the Member Portal for self-service benefits management.

Differentiator

Problem solved

Functional benefit

Brands

• SEIU National Industry Pension Fund (NIPF): Pension fund providing retirement benefits to eligible participants in the service and hospitality industries
• SEIU Affiliates' Officers & Employees Pension Plan
• SEIU Health & Welfare Fund
• SEIU 401(k) Plans

Products and services

• SEIU Health & Welfare Fund Provides medical, prescription drug, dental, and vision benefits to approximately 6,500 SEIU participants and eligible dependents (spouses and children up to age 26) from 125+ participating employers. Fund administers multiple ACA-compliant benefit plan options, with coverage determined by Collective Bargaining Agreements negotiated between SEIU local unions and employers. Health benefits are delivered through a contracted vendor network including Cigna, CareFirst BlueCross BlueShield, Blue Cross Blue Shield of Illinois, UMR United Healthcare, Union Health Services, Kelsey-Seybold, Caremark CVS, OptumRx, Delta Dental, and Cigna Vision.
• SEIU National Industry Pension Fund (NIPF) Multiemployer defined benefit pension plan providing retirement income benefits to eligible SEIU participants in the service and hospitality industries. Funded by employer contributions and investments, with over $1 billion in total assets. Offers normal retirement, early retirement, and disability pension options, plus survivor benefits, with portable pension credits across contributing employers.
• SEIU Affiliates' Officers and Employees Pension Plan (US) Pension plan for officers and employees who receive a salary from a SEIU Local Union in the United States. Provides defined benefit retirement income with portable pension credits and multiple retirement options including Rule of 90.
• SEIU Affiliates' Officers and Employees Pension Plan (Canada) Canadian pension plan for officers and employees of SEIU affiliates in Canada, including SEIU Local 2 Canada. Provides defined benefit retirement income with portable pension credits and multiple retirement options. Canadian pension payments are processed by CIBC Mellon.
• Pension Plan for Employees of SEIU (Staff Fund) Pension plan for SEIU International headquarters staff employees. Provides defined benefit retirement benefits with early retirement options including Rule of 90 provision.
• SEIU Affiliates' Officers and Employees 401(k) Plan Supplemental retirement savings plan (401(k)) for SEIU affiliates' officers and employees. Provides employee contributions with employer match where applicable, with account access administered through Empower Retirement platform.
• SEIU Headquarters Staff 401(k) Plan Supplemental retirement savings plan (401(k)) for SEIU International headquarters staff. Provides employee contributions with employer match where applicable, with account access administered through Empower Retirement platform.
• SEIU Benefit Funds Member Portal Online self-service portal for plan participants to access and manage their pension and health benefits. Provided through the ISSI Systems platform, with multi-factor authentication security to safeguard health, pension, and 401(k) information. Supports account access, benefit elections, and updates across the SEIU Benefit Funds portfolio.

Quantifiable outcome

• Approximately $4 billion in combined assets under administration
• +3 more outcomes

Named customers9 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

Integration1 record

Feature2 records

Partnerships

22 partnerships are on record, tiered core and minor.

• SEIU Local 32BJcoreOthersSEIU local union with trustees serving on the 401(k) Fund Board, participating in fund governance and oversight for affiliates' retirement savings plan.
• SEIU Local 721coreOthersSEIU local union with trustees serving on the 401(k) Fund Board for affiliates' retirement savings plan governance.
• SEIU Healthcare CanadacoreOthersSEIU healthcare local in Canada with trustees on the 401(k) Fund Board.
• SEIU USWW (United Service Workers West)coreOthersSEIU local with trustees serving on the 401(k) Fund Board.
• SEIU Local 2 CanadacoreOthersSEIU local in Canada with trustees on affiliates' pension plan boards.
• SEIU Local 1coreOthersSEIU local with trustees serving on the Health & Welfare Fund Board.
• SEIU Local 26coreOthersSEIU local with trustees serving on the Health & Welfare Fund Board.
• Empower RetirementcoreTechnology or IntegrationExternal administrator for SEIU 401(k) plans (Affiliates and Staff Funds). Provides online account access, mobile app, individual counseling sessions, and retirement planning tools for plan participants.
• Cigna Health CarecoreTechnology or IntegrationMedical insurance provider for Health & Welfare Fund participants with Open Access Plus provider network. Member Services: 800-433-5305.
• CareFirst Blue Cross Blue ShieldcoreTechnology or IntegrationMedical insurance provider for Health & Welfare Fund participants with PPO Blue Preferred provider network. Member Services: 800-628-8549.
• Blue Cross Blue Shield of IllinoiscoreTechnology or IntegrationMedical insurance provider for Health & Welfare Fund participants. Member Services: 800-660-9989.
• Union Health Services (UHS)coreTechnology or IntegrationHealthcare provider for Chicago-area HMO plan participants; also administers OptumRx pharmacy benefits. Member Services: 312-423-4200.
• Kelsey-SeyboldcoreTechnology or IntegrationMedical provider network for Houston-area HMO plan participants with multiple facilities. Member Services: 713-442-0427.
• UMR United Health CarecoreTechnology or IntegrationMedical insurance provider for Health & Welfare Fund with Choice Plus provider network. Member Services: 888-309-7348.
• Caremark CVScoreTechnology or IntegrationPrescription drug benefit manager for Health & Welfare Fund. Member Services: 800-966-5772. Offers 90-day supply through CVS retail or mail order pharmacy.
• Delta DentalcoreTechnology or IntegrationDental insurance provider for Health & Welfare Fund. Member Services: 800-932-0783.
• Cigna VisioncoreTechnology or IntegrationVision insurance provider for Health & Welfare Fund, claims processed through FAA. Member Services: 888-353-2653.
• ABM IndustriescoreOthersEmployer contributing to Health & Welfare Fund; employer trustee on fund board.
• Allied UniversalcoreOthersEmployer contributing to Health & Welfare Fund; employer trustee on fund board.
• Management Guidance, LLPminorOthersEmployer trustee on Health & Welfare Fund Board.
• Marsden Holding, LLCminorOthersEmployer trustee on Health & Welfare Fund Board.
• CIBC MelloncoreTechnology or IntegrationCanadian pension payment processor for SEIU Canadian Affiliates' Pension Plan, issuing benefit payments on behalf of SEIU Benefit Funds.

Scale indicators6 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• UNITE HERE Health: UNITE HERE Health is a Taft-Hartley multiemployer health and welfare fund serving hotel, gaming, and food service workers. It is directly comparable as a union-administered, CBA-driven multiemployer benefit plan with similar governance (joint union-employer boards), employer contribution revenue model, and member self-service delivery.
• Bricklayers and Trowel Trades International Pension Fund: The BAC International Pension Fund administers multiemployer defined benefit and 401(k) plans for bricklayers and trowel trades workers. Directly comparable as a multiemployer union benefit plan with similar products (DB pension, 401(k), H&W) and joint union-employer governance; also notable as the prior employer of SEIU Benefit Funds' current Assistant Executive Director.
• Sheet Metal Workers' National Pension Fund: The Sheet Metal Workers' National Pension Fund administers a multiemployer defined benefit pension for sheet metal workers across the US and Canada. Comparable as a multiemployer DB pension plan with cross-border footprint, CBA-driven employer contributions, and union-employer trustee governance similar to SEIU Benefit Funds.
• Building Service 32BJ Benefit Funds: 32BJ Benefit Funds administers multiemployer health, pension, and 401(k) plans for SEIU 32BJ members in building services. As a sister SEIU-affiliated fund with nearly identical product mix (H&W, defined benefit pension, 401(k)), it is a direct structural and operational comparable serving an overlapping member base.
• SAG-AFTRA Health Plan: SAG-AFTRA Health Plan is a multiemployer health and welfare fund serving entertainment industry performers. Directly comparable as a union-administered, multiemployer benefits plan with employer contribution revenue, joint governance, and a member self-service portal model similar to SEIU Benefit Funds.
• IBEW Local Pension Funds: IBEW-affiliated local pension and benefit funds administer multiemployer plans for electrical workers through joint IBEW-NECA trusteeship. Comparable as multiemployer, employer-contribution-funded benefit plans structured under Taft-Hartley with similar governance and participant services.
• Laborers' International Union of North America (LiUNA) National Pension Fund: LiUNA's national pension funds administer multiemployer defined benefit and 401(k) plans for construction laborers. Directly comparable as a large union-affiliated multiemployer plan family with similar employer-contribution revenue model, trustee governance, and participant scale in the hundreds of thousands.
• UAW Retiree Medical Benefits Trust: The UAW Retiree Medical Benefits Trust (VEBA) is a large union-administered health benefits trust for retired auto workers. Directly comparable as a multiemployer union-sponsored benefit trust with similar scale, employer-contribution funding, and focus on retiree health security.
• Central States, Southeast and Southwest Areas Pension Fund: Central States is one of the largest multiemployer defined benefit pension funds in the US, serving Teamsters members in trucking and related industries. It is directly comparable as a large-scale, multiemployer DB pension plan funded by CBA-driven employer contributions with shared governance between union and employer trustees.
• AFSCME (American Federation of State, County and Municipal Employees) Benefit Trust: AFSCME administers multiemployer pension and health benefit plans for public-sector employees. Directly comparable as a large union benefit trust with a similar CBA-driven contribution model, joint trusteeship, and focus on retirement security and healthcare for unionized workers.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/seiu-benefit-funds

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 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 SEIU Benefit Funds