HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 47 WELFARE FUND

What HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 47 WELFARE FUND does

The Heat & Frost Insulators and Allied Workers Local 47 Fringe Benefit Funds is a Taft-Hartley multiemployer welfare and pension fund headquartered at 6525 Centurion Drive in Lansing, Michigan. The fund manages all fringe benefits that Heat & Frost Insulators and Allied Workers Local 47 receives through collective bargaining, serving union members covered under those agreements and their eligible dependents and beneficiaries. Operations are administered by TIC Midwest, LLC under a board of trustees with labor and management representation.

The fund operates two core benefit programs. The Health Care Plan provides medical coverage through Blue Cross Blue Shield of Michigan, prescription drug coverage through MedImpact (with mail order through Medco by Mail), and dental coverage transitioning to Delta Dental effective January 1, 2026. The Retirement/Pension Plan provides pension, disability, and death benefits. Both plans are supported by formal participant disclosures including Summary Plan Descriptions, Summary Annual Reports, Summaries of Material Modifications, trustee rosters, and machine-readable transparency-in-coverage files hosted on the Sapphire MRF Hub. Participants interact with the fund through the TIC Midwest Benefit Inquiry Site portal, which supports benefit status checks and secure document uploads.

Funding flows entirely from employer fringe contributions remitted under collective bargaining agreements; the fund does not generate commercial revenue and does not price its services through market mechanisms. With 24 administrative staff, operations are limited in scale but sustained, with the website and plan documentation actively maintained through 2025-2026. The fund does not pursue geographic expansion, product diversification beyond its statutory benefit scope, or external growth strategies—its mandate is bounded to administering contracted benefits for a defined bargaining-unit population.

Name

HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 47 WELFARE FUND

Legal name

Heat & Frost Insulators and Allied Workers Local 47 Fringe Benefit Funds

Website

https://heatfrostlocal47benefits.org

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Heat & Frost Insulators and Allied Workers Local 47 Fringe Benefit Funds is a Lansing, Michigan-based Taft-Hartley multiemployer welfare and pension trust that manages collectively bargained health care, prescription, dental, and retirement benefits for members of Local 47 and their beneficiaries.

Ownership category

akta.pro rank

Product category

Multiemployer Union Welfare Benefits

NAICS

Health and Welfare Funds (52512), Pension Funds (525110)

SIC

Hospital & Medical Service Plans (6324), Services-Membership Organizations (8600)

akta.pro industry

PRIMARYFSAIAFAG

Taft-Hartley / Union Multiemployer Group Health Plans

Financial & Insurance/Insurance — Life & Health/Group Health Insurance (Employer-Sponsored)

SECONDARYFSAAAGAK

Taft-Hartley / Labor Union & Public Sector Retirement Systems

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

SECONDARYHLAEALAK

Flexible Benefits Administration (FSA/HSA/HRA)

Healthcare & Life Sciences/Health Insurance & Managed Care/Third-Party Administration (TPA) & Administrative Services Only (ASO)

Keywords

• Union fringe benefits
• Multiemployer welfare fund
• Health care coverage
• Retirement pension plan
• Collective bargaining benefits

Headquarters

HQ city

Lansing

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Employer Fringe Benefit Contributions: Funded through collective bargaining employer contributions. The benefit fund receives all fringe benefits that Heat & Frost Insulators and Allied Workers Local 47 receive through collective bargaining agreements. These contributions fund health care, retirement, and related benefit programs for union members and their beneficiaries.

Distribution channels4 records

Marketing channels2 records

Core offering

The fund manages and distributes collectively bargained fringe benefits for Heat & Frost Insulators and Allied Workers Local 47 union members and their beneficiaries, operating a Health Care Plan (medical, prescription drug, and dental coverage) and a Retirement/Pension Plan (pension, disability, and death benefits), plus COBRA continuation coverage, medical reimbursement accounts, and retiree and spouse continuous coverage. Benefits are funded by employer contributions established through collective bargaining agreements and administered by TIC Midwest, LLC.

Product overview

The Heat & Frost Insulators and Allied Workers Local 47 Fringe Benefit Funds operates two core benefit programs: a Health Care Plan providing medical, prescription drug, and dental coverage through partners Blue Cross Blue Shield of Michigan, MedImpact, and Delta Dental; and a Retirement/Pension Plan offering pension, disability, and death benefits. These benefits are managed by administrator TIC Midwest, LLC and accessed by participants through the Benefit Inquiry Site online portal. The Fund also publishes machine-readable files for transparency in coverage compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Health Care Plan Health care benefit plan providing medical coverage through Blue Cross Blue Shield of Michigan, prescription drug coverage through MedImpact (with Medco by Mail mail order), and dental coverage transitioning from the prior dental provider to Delta Dental effective January 1, 2026. Available to eligible Local 47 union members and their dependents/beneficiaries.
• Retirement/Pension Plan Retirement benefit plan offering pension benefits, disability benefits, and death benefits to eligible union members and their beneficiaries.
• COBRA Continuation Coverage Continuation health care coverage available to qualified beneficiaries who lose coverage under the Health Care Plan, with rates documented in SMM (Summary of Material Modifications) documents.
• Benefit Inquiry Site Online portal maintained by TIC Midwest, LLC enabling participants to view current benefit status, create accounts, and securely upload documents to the Fund office.
• Machine-Readable Files (Transparency in Coverage) Machine-readable files containing negotiated rates and out-of-network allowed amounts for the Health Care Plan, published in compliance with federal Transparency in Coverage regulations.

Segments1 record

Ideal customer profiles1 record

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.

• Delta DentalcoreTechnology or Integration · 1 November 2025Transitioning to Delta Dental effective January 1, 2026 as the dental coverage provider for the health care plan. Previously the plan used a different dental provider.
• TIC Midwest, LLCcoreImplementation/ SI/ Consulting PartnerSite administrator maintaining the benefit fund website on behalf of the Heat & Frost Insulators and Allied Workers Local 47 Fringe Benefit Funds. Provides Benefit Inquiry Site, electronic employer contributions system, and administrative services.
• Blue Cross Blue Shield of MichigancoreTechnology or IntegrationPrimary health care provider network and coverage administrator for the Heat & Frost Insulators and Allied Workers Health Care Plan. Participants directed to bcbsm.com for provider information and coverage details.
• MedImpactcoreTechnology or IntegrationPrescription drug program administrator providing pharmacy benefits management services. Handles mail order prescription services through Medco by Mail.

Recent moves4 records

Expansion highlights3 records

Others

• TIC Midwest, LLC: Third-party administrator that operates the website, Benefit Inquiry Site, and electronic employer contributions system for the Local 47 fund; the closest enabling partner and the dominant TPA across many small/mid Midwest multiemployer benefit funds.
• International Foundation of Employee Benefit Plans: Industry association and education provider serving multiemployer and single-employer benefit plan trustees and administrators — relevant ecosystem peer that supports the governance and compliance practices Local 47's trustees rely on.

Direct peers

• IBEW Local 58 Fringe Benefit Funds: Multiemployer union benefit fund administered by TIC Midwest in Michigan, providing health, pension, and welfare benefits to IBEW Local 58 members under CBA-funded contributions — directly comparable in scale, governance, and TPA relationship.
• Operating Engineers Local 324 Fringe Benefit Funds: Michigan-based multiemployer fringe benefit fund for a single building trades local, administering health, pension, and welfare benefits through collective bargaining — structurally and operationally almost identical to Local 47's fund.
• Michigan Regional Council of Carpenters Employee Benefit Funds: Taft-Hartley fringe benefit fund serving union carpenters in Michigan, offering health, pension, and annuity benefits through CBA contributions — same multiemployer trust structure and similar participant mix to Local 47's fund.
• Plumbers & Pipefitters Local 637 Welfare Fund: Michigan multiemployer welfare and pension fund for a single building trades local, administering health and retirement benefits funded by CBA employer contributions — directly comparable in scope and structure to the Local 47 fund.

Broad incumbents

• UAW Retiree Medical Benefits Trust: Very large VEBA-style trust that pays for retiree health benefits for UAW members; operates at vastly greater scale but illustrates the same multiemployer/health-and-welfare fund governance and funding model that Local 47's fund relies on.

Regional players

• Heat & Frost Insulators and Allied Workers International Union: International union overseeing all locals in the same trade, with comparable welfare/pension funds at other locals; useful as a structural comparator for how peer insulator locals structure their benefit funds.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/heat-&-frost-insulators-and-allied-workers-local-47-welfare-fund

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 HEAT & FROST INSULATORS AND ALLIED WORKERS LOCAL 47 WELFARE FUND