Resilient Floor Covering Pension Fund

What Resilient Floor Covering Pension Fund does

The Resilient Floor Covering Pension Fund is a Taft-Hartley multiemployer defined benefit pension trust established in 1958 and headquartered in Dublin, California. The fund provides retirement benefits to workers in the resilient floor covering industry (carpet, linoleum, soft tile, vinyl, and sign installation trades) who are covered under collective bargaining agreements with seven named locals of the International Union of Painters and Allied Trades (IUPAT): Locals 12, 1236, 1237, 1238, 1399, 419, and 1926, operating under the umbrella of IUPAT District Council 16 in Northern California.

The plan was substantially revised in 1976 to comply with ERISA and has been amended multiple times since. It offers multiple benefit types: regular pension, early retirement pension, service pension, special service pension, partial pensions (via the National Reciprocity Agreement among IUPAT funds), and spousal survivor benefits (50%, 75%, or 100% options). The disability pension was discontinued effective January 1, 2011 under the Rehabilitation Plan. Core participant services are delivered via a self-service Participant Portal (powered by ISSi Systems) and a Calendly/Zoom-based virtual appointment system with the Trust Fund Office. An Annuity Plan is offered through the Bay Area Painters & Tapers Annuity Fund, administered by John Hancock Retirement Services.

The fund is governed by a joint Board of Trustees (Union and Employer representatives) under ERISA, with day-to-day administration delegated to Health Services & Benefit Administrators (HS&BA). The economic model is contributions-based: employers contribute per CBAs at rates set union-by-union, and the fund is subject to the Pension Protection Act of 2006 framework. The fund has been in critical and declining status continuously from 2017 through 2024, operating under a formal Rehabilitation Plan, and currently shows no disclosed revenue, fee structure, or expansion activity.

Name

Resilient Floor Covering Pension Fund

Legal name

Resilient Floor Covering Pension Fund

Website

https://resilientfloortrust.org

Company type

Private

Founded year

1958

Operating status

Operating

Short description

Taft-Hartley multiemployer defined benefit pension fund, established 1958 in Dublin, California, providing retirement benefits to workers in the resilient floor covering industry covered by seven IUPAT-affiliated local unions in Northern California.

Ownership category

akta.pro rank

Product category

Multiemployer Defined Benefit Pension

NAICS

Pension Funds (525110), Pension Funds (52511), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Finance Services (6199)

akta.pro primary industry

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

akta.pro secondary industries

Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH), Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB), Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

Keywords

• Defined benefit pensions
• Multiemployer pension plans
• Pension fund administration
• Annuity plan services
• Retirement benefit plans

Headquarters

HQ city

Dublin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Employer Contributions: The fund is financed through employer contributions made pursuant to collective bargaining agreements. Contribution rates vary by union local and are specified in the applicable CBA. Beginning September 1, 2005, contributions below $2.50 per hour minimum for journeymen do not earn credited service (counted for vesting only).

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

The fund administers an ERISA-qualified, multiemployer defined benefit pension plan adopted in 1958 that provides monthly retirement income for life to workers in the resilient floor covering industry covered by collective bargaining agreements with IUPAT-affiliated Local Unions. It offers multiple pension types (regular, early retirement, service, special service, and disability pre-2011), spousal survivor benefits, and a complementary Annuity Plan held through the Bay Area Painters & Tapers Annuity Fund, supported by an online Participant Portal and Trust Fund Office services.

Product overview

Resilient Floor Covering Pension Fund operates as a single defined benefit pension plan with integrated online participant services. The core offering is the Pension Plan (adopted 1958, ERISA-compliant since 1976), which provides multiple pension types including regular, early retirement, disability, service, special service, and partial pensions. Participant-facing services are delivered through a Participant Portal enabling account access, address changes, and tax document retrieval. The fund also offers an Annuity Plan through Bay Area Painters & Tapers Annuity Fund. Supporting services include credits and vesting administration, pension applications, and comprehensive plan documentation.

Differentiator

Problem solved

Functional benefit

Products and services

• Resilient Floor Covering Pension Plan ERISA-qualified multiemployer defined benefit pension plan providing monthly retirement income for life to covered workers in the resilient floor covering industry; includes regular, early retirement, service, special service, disability (pre-2011), and partial pension options plus spousal survivor benefits.
• Annuity Plan

Quantifiable outcome

• Pension benefits supplement Social Security retirement benefits
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Health Services & Benefit Administrators (HS&BA)coreImplementation/ SI/ Consulting PartnerHS&BA serves as the third-party administrator retained by the Board of Trustees to handle the day-to-day operation of the Plan. HS&BA also administers the fund website and processes all participant inquiries and correspondence. Contact: (800) 782-0010 or [email protected].
• Bay Area Painters & Tapers Annuity FundminorOthersThe Annuity Fund for the plan is held through the Bay Area Painters & Tapers Annuity Fund, which is administered through John Hancock Retirement Services.
• International Union of Painters and Allied Trades (IUPAT)coreStrategic or Co-development PartnerThe pension plan covers workers under collective bargaining agreements with various IUPAT local unions. The International Union of Painters and Allied Trades is the parent labor organization. The fund participates in the National Reciprocity Agreement for Joint Industry Pension Funds of all District Councils and Local Unions affiliated with IUPAT.
• IUPAT District Council 16coreStrategic or Co-development PartnerDistrict Council 16 represents multiple local unions in the Northern California/California Nevada area that participate in this pension fund.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Carpenters Pension Trust Fund for Northern California: Regional multiemployer defined benefit pension fund for carpenters in Northern California, sharing the same construction-trades participant base, regulatory regime, and Bay Area distribution footprint.
• Bay Area Painters & Tapers Annuity Fund: Sister IUPAT-affiliated Taft-Hartley fund in the same Northern California District Council 16 footprint that holds the RFC Pension Fund's Annuity Plan. Direct peer because it serves the same unionized trade workforce with the same governance and administrative ecosystem.
• Sheet Metal Workers' Local 104 Pension Plan: Multiemployer DB pension plan for sheet metal workers in the Northern California Bay Area, operating under an essentially identical Taft-Hartley structure with parallel administration.
• Northern California Plasterers Trust Funds: Taft-Hartley multiemployer benefit trust for plasterers in Northern California, cross-linked from the RFC website. Highly comparable operating model: ERISA-governed, jointly trusteed, TPA-administered construction trades fund.
• Plasterers and Cement Masons Local 91 Pension Plan: Regional Taft-Hartley DB pension fund for plasterers and cement masons operating under similar CBA contribution rules and ERISA oversight in Northern California.
• Painters & Allied Trades District Council 16 Health & Welfare Fund: Companion health and welfare benefit fund for IUPAT DC16 workers in Northern California, explicitly linked from the RFC website. Closely comparable employee benefit trust sharing the same governing union locals and employer groups.

Broad incumbents

• Western Conference of Teamsters Pension Plan: Large multiemployer defined benefit pension plan covering Teamsters members across the western U.S. Comparable Taft-Hartley structure but far larger and more diversified than RFC.
• National Electrical Benefit Fund (NEBF): Large multiemployer DB pension fund for IBEW members nationally. Operates the same plan design and legal regime as RFC but at materially larger scale and broader geography.
• IUPAT International Union Pension Fund: National-level IUPAT-affiliated defined benefit pension plan covering painters and allied trades workers across the U.S. Broader incumbent scope but identical union, plan design, and actuarial regime.
• Central States, Southeast and Southwest Areas Pension Fund: One of the largest multiemployer DB pension plans in the U.S. (Teamsters), also subject to critical-status and rehabilitation-plan dynamics. Highly comparable in regulatory regime but at vastly greater scale than RFC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Painters-Allied-Trades-Local-Union-567-441394265904588

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Resilient Floor Covering Pension Fund