Automotive Machinists Pension Trust

What Automotive Machinists Pension Trust does

The Automotive Machinists Pension Trust is a multiemployer defined benefit pension trust established on May 1, 1958, to provide retirement, survivor, and disability benefits to eligible automotive machinists and related workers. Membership is acquired through collective bargaining agreements between contributing employers and the International Association of Machinists (IAM), including IAM District Lodge 160 and IAM/Woodworkers District W24. The trust is governed by a Board of Trustees composed of union and employer representatives, is qualified under Section 401(a) of the Internal Revenue Tax Code, and is subject to ERISA disclosure requirements. It offers monthly pension payments for life, Joint and Survivor benefit options (100%, 75%, 50%), early retirement at age 55 with reduced benefits, full retirement at age 65, and pre-retirement death benefits, with full vesting after 5 years of credited service (1,000 hours per year of credited service).

The trust is administered by Welfare & Pension Administration Service, Inc. (WPAS, Inc.), a third-party pension administration company that operates both the Gladstone, Oregon primary office (15 82nd Drive, Suite 110) and the Mercer Island, Washington secondary office (7525 SE 24th Street, Suite 200). Members access services through the WPAS-administered Member Portal, online appointment booking via Microsoft Office 365, phone support, mail correspondence, and direct deposit of pension benefits on the 1st of each month. The technology stack is a conventional pension administration platform with member portal access, a Simple Retirement Calculator (form-based, non-AI), retirement application and beneficiary forms, trustee login, and 1099-R tax form processing. No public or partner-facing API is offered, and no AI/ML capabilities are evident.

The trust is funded by employer contributions negotiated through collective bargaining agreements and investment returns on those contributions. It does not generate revenue in a commercial sense, does not publish revenue figures, and operates as a non-equity trust fund. The plan entered Critical Status under the Pension Protection Act in March 2009 and has operated under a mandatory Rehabilitation Plan since then, including benefit reductions effective July 1, 2009, with subsequent updates issued in 2010, 2011, 2012, 2015, and 2020, and ongoing Critical Status notices through 2026. The trust serves a Pacific Northwest regional member base and is governed under Washington State law per its Terms of Use.

Name

Automotive Machinists Pension Trust

Legal name

Automotive Machinists Pension Trust

Website

https://automotivemachinistspension.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

1–10 employees

Short description

The Automotive Machinists Pension Trust is a multiemployer defined benefit pension trust established in 1958 that provides retirement, survivor, and disability benefits to eligible IAM automotive machinists in the Pacific Northwest, administered by WPAS and funded by employer collective bargaining contributions.

Ownership category

akta.pro rank

Product category

Defined Benefit Pension Plan Administration

NAICS

Pension Funds (525110), Pension Funds (52511), Trusts, Estates, and Agency Accounts (52592)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Defined benefit pension
• Multiemployer pension plan
• Pension plan administration
• Retirement benefits management
• Pension fund management

Headquarters

HQ city

Concord

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Employer Pension Contributions: The trust receives contributions from contributing employers through collective bargaining agreements. These contributions fund the pension benefits paid to eligible members.
2. Investment Returns: The pension fund invests contributions to generate returns that help fund future pension obligations.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

The Automotive Machinists Pension Trust is a multiemployer defined benefit pension plan established on May 1, 1958, that provides guaranteed monthly retirement income, Joint and Survivor benefits, disability retirement, and pre-retirement death benefits to eligible automotive machinists and their beneficiaries. The trust is funded through employer contributions negotiated via collective bargaining agreements with the International Association of Machinists and related unions, and is administered by Welfare & Pension Administration Service, Inc. (WPAS).

Product overview

The Automotive Machinists Pension Trust offers a single integrated pension administration platform for managing defined benefit retirement plans for eligible union machinists. The core offering consists of pension benefits administration with supporting digital services including a member portal for participants to access personal information, a Simple Retirement Calculator for planning, and various forms for retirement applications, beneficiary designations, and address changes. The trust also provides trustee access to administrative documents, 1099-R tax form processing for retirees, and online appointment scheduling through Microsoft Office 365. The plan booklet and Summary Plan Description provide formal documentation of participant benefits. All services are administered by Welfare & Pension Administration Service, Inc. (WPAS).

Differentiator

Problem solved

Functional benefit

Products and services

• Defined Benefit Pension Plan Qualified retirement plan under Section 401(a) of the Internal Revenue Tax Code providing guaranteed monthly pension payments for life, Joint and Survivor options (100%, 75%, 50%), disability retirement, pre-retirement death benefits, and early retirement with reduced benefits starting at age 55. Funded by employer contributions negotiated through collective bargaining agreements.
• Simple Retirement Calculator Public online calculator to help members estimate retirement preparedness by comparing expected monthly expenses against projected retirement income from pension, Social Security, and other sources.

Quantifiable outcome

• Full retirement benefit available at age 65
• +2 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

Partnerships

Four partnerships are on record, tiered core and minor.

• Welfare & Pension Administration Service, Inc. (WPAS)coreImplementation/ SI/ Consulting Partner · 1 May 1958WPAS administers the Automotive Machinists Pension Trust. Services include member portal management, pension calculations, benefit payments, Form 1099-R processing, and general trust administration. WPAS operates the Gladstone, OR and Mercer Island, WA office locations.
• International Association of Machinists District Lodge 160coreStrategic or Co-development PartnerThe IAM union represents workers covered by this pension trust. District Lodge 160 is one of the machinists districts whose members participate in the plan through collective bargaining agreements.
• IAM/Woodworkers District W24coreStrategic or Co-development PartnerIAM District W24 represents woodworkers whose members are covered under this pension trust through collective bargaining.
• AFL-CIOminorStrategic or Co-development PartnerListed as a useful external link on the trust's Links page. AFL-CIO is the largest federation of unions in the United States.

Scale indicators1 record

Recent moves6 records

Expansion highlights3 records

Direct peers

• Western Conference of Teamsters Pension Trust: Large multiemployer DB pension trust for Teamsters in the western U.S. Same plan architecture, same collective-bargaining-driven membership model, same Pacific Northwest geographic overlap.
• Sheet Metal Workers' National Pension Fund: Multiemployer DB pension plan serving sheet metal workers under collective bargaining. Directly comparable structure, regulatory environment, and participant lifecycle.
• Central Pension Fund of the IUOE: Multiemployer defined benefit pension plan for International Union of Operating Engineers members. Same plan type, same funding/rehabilitation regime under PPA, similar participant mix.
• IAM National Pension Fund: National multiemployer defined benefit pension plan for IAM members across the U.S. Direct comparable: same sponsoring union (IAM), same DB plan structure, same regulatory regime under ERISA/PPA.

Broad incumbents

• Empower Retirement: Large recordkeeper and administrator for retirement plans including multiemployer and union plans. Comparable as a scaled pension administration service provider in the same market.
• Welfare & Pension Administration Service, Inc. (WPAS): Third-party pension administration firm that administers this trust and many other union multiemployer plans. Comparable as the operating/administration layer serving the same DB plan market.
• Pension Benefit Guaranty Corporation (PBGC): Federal agency that insures multiemployer DB pension benefits and is the counterparty in critical-status plans. Relevant regulator/backstop for this trust's solvency path.

Others

• Milliman: Actuarial and consulting firm advising multiemployer pension plans on funding, rehabilitation, and MPRA. Adjacent participant in the same ecosystem supporting critical-status plans.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/automotive-machinists-union

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Machinists Pension Trust