New England Teamsters and Trucking Industry Pension Fund

What New England Teamsters and Trucking Industry Pension Fund does

The New England Teamsters and Trucking Industry Pension Fund (NETTIPF) is a non-profit, multi-employer defined benefit pension plan established in 1958 and headquartered in Burlington, Massachusetts. The Fund is jointly administered by an eight-member Board of Trustees — four representing Local Unions and four representing Contributing Employers — under a classic Taft-Hartley governance structure, and operates as a qualified retirement plan under IRC Section 401(a) and a multi-employer defined benefit plan under IRC Sections 414(f) and (j). It provides retirement, survivor, and disability benefits to eligible Teamster workers across New England (and adjacent U.S. states and Canadian provinces where covered employment was performed), with contributing employers funding benefits through collective bargaining agreements based on hours worked.

The Fund's product surface consists of three core benefit lines — monthly Retirement Benefits (including early retirement, Single Life and Husband-and-Wife annuity options, and disability conversion), Survivor Benefits (Surviving Spouse Annuity, Single Payment Death Benefit, and 36-Month Annuity), and Disability Benefits for totally and permanently disabled participants — supported by a digital member servicing layer. The servicing layer comprises a Member Login portal for active participants (viewing hours posted, tracking pension credit, calculating future benefits, updating profile and beneficiary data), a separate Retiree Login portal (viewing payment history, managing tax withholdings, requesting duplicate 1099-R forms), an Online Pension Calculation Program for vested participants, and direct deposit of monthly pension payments on the first business day of each month. The technology stack is a legacy LANSA-based web platform (bigmack.nettipf.com) with no documented AI, API, or modern integration capabilities.

The Fund's revenue mechanics are employer contributions made pursuant to CBA-mandated hours-worked formulas, supplemented by investment returns. It receives no commercial sales revenue and has no external ownership — no parent company, private equity sponsor, or external investor. Service delivery combines the Burlington Fund Office, dedicated phone lines for distinct participant segments, Field Representatives who travel to Local Unions across the region by appointment, and self-service web portals. The Fund is currently operating under a 2026 Notice of Critical Status and has filed (March 27, 2024) a revised application for Special Financial Assistance with the PBGC following withdrawal of an initial February 2023 application, with the SFA intended to underpin solvency through 2051.

Name

New England Teamsters and Trucking Industry Pension Fund

Legal name

New England Teamsters Pension Fund

Website

https://nettipf.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

1–10 employees

Short description

The New England Teamsters and Trucking Industry Pension Fund is a non-profit, multi-employer defined benefit pension plan, established in 1958 and headquartered in Burlington, Massachusetts, providing retirement, survivor, and disability benefits to Teamster workers across New England through employer contributions mandated by collective bargaining agreements.

Ownership category

akta.pro rank

Product category

Multi-Employer Pension Fund Administration

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYBPAIAKAA

Pensions & Retirement Benefits Administration

Business & Public Services/Public Sector & Government Administration/Social Security, Benefits & Welfare Administration

SECONDARYFSAAAGAB

Pension Master Trusts, Superannuation & Provident Funds

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

SECONDARYFSAAAGAA

Corporate & Public Pension Funds (DB/DC Sponsors)

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

Keywords

• Multiemployer pension plan
• Defined benefit retirement
• Survivor and disability benefits
• Union pension administration
• Taft-Hartley pension fund

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D

Revenue model

1. Employer Contributions: The Fund is financed through employer contributions made pursuant to collective bargaining agreements with contributing employers. Contributions are based on hours worked in Covered Employment. Some Teamster employers do not participate in the Fund even though employees may be covered by a Teamster collective bargaining agreement.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

The Fund is a multiemployer defined benefit pension plan that provides monthly Retirement Benefits, Survivor Benefits (surviving spouse annuity, single payment death benefit, 36-month annuity), and Disability Benefits to eligible Teamsters workers in the trucking industry across New England. It is funded by employer contributions pursuant to collective bargaining agreements, administered jointly by Union and Employer Trustees, and delivers benefits via direct deposit, a Fund Office, Field Representatives, and online Member/Retiree portals.

Product overview

The New England Teamsters Pension Fund operates as a multiemployer defined benefit pension plan providing retirement, survivor, and disability benefits to eligible Teamsters workers across New England. The core offering consists of Retirement Benefits (monthly pension payments), Survivor Benefits (death benefits and surviving spouse annuities), and Disability Benefits (for totally and permanently disabled participants). These are supported by member-facing digital services including the Member Login Portal for active participants to track hours and calculate benefits, the Retiree Login Portal for pensioners to manage payments and tax withholdings, an Online Pension Calculation Program for vested participants, and Direct Deposit for monthly benefit payments. The Fund also provides Field Representative Services for in-person assistance at Local Union offices and QDRO Administration Services for divorce-related pension divisions. All services are accessible through the Fund Office in Burlington, MA, with a member portal system processing pension data and benefits administration.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Benefits Monthly pension payments to eligible participants upon retirement, with options for early retirement, different annuity forms (Single Life, Husband and Wife), and disability conversion.
• Survivor Benefits Benefits paid to surviving spouses and beneficiaries including single payment death benefits, surviving spouse annuities, and 36-month annuities for unmarried participants.
• Disability Benefits Monthly disability pensions for participants who become totally and permanently disabled while actively engaged in covered employment, with Social Security disability determination requirements.
• QDRO Administration Services

Quantifiable outcome

• Over 15,000 participants have logged on to view hours of service and years of pension credit

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

14 partnerships are on record, tiered core.

• Local Union 25 (Boston)coreOthersLocal Union representing Teamster workers in the Boston metropolitan area. Members of this Local Union working in Covered Employment earn pension credit in the Fund. The Fund's Field Representative visits this Local Union to assist members with pension inquiries and applications.
• Local Union 42 (Boston North)coreOthersLocal Union representing Teamster workers north of Boston. Members in Covered Employment earn pension credit in the Fund. Field Representative services available by appointment.
• Local Union 170 (Worcester)coreOthersLocal Union in Worcester, MA. Members working in Covered Employment participate in the Fund and can access Field Representative services.
• Local Union 191 (Connecticut)coreOthersLocal Union in Connecticut. Fund Field Representative visits to assist members with pension benefits and applications.
• Local Union 251 (Rhode Island)coreOthersLocal Union in Rhode Island. Members covered by the Fund through Covered Employment. Field Representative available by appointment.
• Local Union 340 (Maine)coreOthersLocal Union in Maine. Fund services available to members including Field Representative visits for pension assistance.
• Local Union 404 (Springfield, MA)coreOthersLocal Union in Western Massachusetts/Springfield area. Members participate in the Fund and can meet with Field Representatives.
• Local Union 443 (Connecticut)coreOthersLocal Union in Connecticut. Fund Field Representative visits available to assist members with pension inquiries.
• Local Union 493 (Connecticut)coreOthersLocal Union in Connecticut. Members covered by the Fund through Covered Employment.
• Local Union 597 (Vermont)coreOthersLocal Union in Vermont. Fund Field Representative visits available by appointment.
• Local Union 633 (New Hampshire)coreOthersLocal Union in New Hampshire. Members in Covered Employment participate in the Fund.
• Local Union 653 (Massachusetts)coreOthersLocal Union in Massachusetts. Members covered by the Fund with Field Representative services available.
• Local Union 671 (Connecticut)coreOthersLocal Union in Connecticut. Members participate in the Fund through Covered Employment.
• Local Union 1035 (Connecticut)coreOthersLocal Union in Connecticut. Fund services including Field Representative visits available to members.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Western Conference of Teamsters Pension Trust: Another major Teamsters multiemployer DB plan covering western U.S. states. Directly comparable to NETTIPF in participant base (Teamster trucking/warehouse workers), benefit structure, and regulatory status, though it operates on a different geographic footprint.
• National Electrical Benefit Fund (NEBF): A multiemployer defined benefit pension plan covering IBEW members in the electrical industry. Similar in structure (jointly trusteed Taft-Hartley DB plan) and regulatory environment, but serving a different trade.
• Carpenters Pension Fund (various regional funds): A regional multiemployer DB pension plan for the United Brotherhood of Carpenters. Comparable governance and benefit design, though the covered trade and geographic scope differ from NETTIPF.
• Laborers International Union of North America (LIUNA) National Pension Fund: A multiemployer defined benefit pension fund serving laborers across construction and related industries. Comparable as a Taft-Hartley multiemployer DB plan subject to the same PBGC framework and SFA program, though covering a different union trade than NETTIPF.
• Central States, Southeast and Southwest Areas Pension Fund: The largest Teamsters-affiliated multiemployer defined benefit pension fund in the U.S., serving truckers and related workers across the central and southern U.S. It is the closest structural and operational peer to NETTIPF, sharing the same Taft-Hartley governance, IRC 401(a) qualification, and PBGC oversight framework.

Broad incumbents

• Pension Benefit Guaranty Corporation (PBGC): The federal agency that insures multiemployer pension benefits and administers the Special Financial Assistance program. Functions as NETTIPF's regulator and financial backstop rather than a competitor, but is the closest institutional counterparty shaping the Fund's solvency trajectory.
• International Brotherhood of Teamsters (IBT): The parent labor union that organizes the workers whose collective bargaining agreements generate employer contributions to NETTIPF. Not a financial peer, but a structural counterparty whose membership health directly drives the Fund's contribution base.

Regional players

• New York State Teamsters Conference Pension and Retirement Fund: A regional Teamsters-affiliated multiemployer DB pension plan covering New York and parts of the Northeast. Comparable in governance, benefit design, and target participants, though serving a partially overlapping but distinct geographic territory from NETTIPF.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/new-england-teamsters-pension

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 New England Teamsters and Trucking Industry Pension Fund