Alaska Electrical Trust Funds

What Alaska Electrical Trust Funds does

Alaska Electrical Trust Funds (AETF) is a Taft-Hartley multi-employer trust fund, headquartered in Anchorage, Alaska, that administers health and welfare, defined-benefit pension, 401(k) retirement savings, and legal benefits on behalf of more than 10,500 active and retired participants of the International Brotherhood of Electrical Workers (IBEW) Local 1547 and roughly 150 signatory employers affiliated with the NECA Alaska Chapter. Established in the 1960s, with the pension plan added in 1968 and the retirement savings plan in 1980 (later converted to a 401(k) in 2020), AETF is governed jointly by labor and management trustees and funded entirely through employer contributions specified in collective bargaining agreements; effective January 1, 2026, the former Legal Fund was merged into the Health and Welfare Fund, consolidating the structure to three operating trusts.

The trust's core technology stack is administrative rather than product-oriented: a HIPAA-compliant electronic document management layer, DocuSign-based enrollment and beneficiary workflows, the Participant EDGE portal (Zenith-American) for self-service, and the EPRLive electronic payroll reporting system (Corellian Software, deployed 2024) for employer contribution submission. Benefit delivery is outsourced through a network of national vendors - Aetna for the PPO network and precertification, CVS/Caremark for the four-tier prescription formulary, VSP for vision, John Hancock for the 401(k), Teladoc for virtual primary and behavioral care, Transcarent for planned surgery, SWORD Health for digital physical therapy, Progyny for fertility, IdentityForce for identity protection, and Via Benefits for retiree individual-market coverage with HRA administration - while Coalition Health Centers (three Alaska clinics) and the Pacific Health Coalition deliver in-person primary care and annual health fairs.

AETF's economic model is that of a captive multi-employer plan: employer contributions per hour worked (or flat-rate contributions under special agreements) flow in under CBAs, retiree health obligations were shifted off-balance-sheet via the January 2024 move to the Via Benefits HRA model, and the 2026 trust consolidation targets administrative and investment efficiencies. Distribution is direct-to-employer via the EPRLive platform and direct-to-member via the EDGE portal; marketing is limited to the AETF website, email newsletters, and DOL-required direct mail (annual funding notices, Form 5500 summaries, SPDs). There is no external revenue, no acquisition activity, and no public financial reporting.

Name

Alaska Electrical Trust Funds

Legal name

Alaska Electrical Trust Funds

Website

https://aetf.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Alaska Electrical Trust Funds is a Taft-Hartley multi-employer trust administering health, pension, 401(k), and legal benefits for more than 10,500 active and retired IBEW Local 1547 members and 150+ contributing employers across Alaska.

Ownership category

akta.pro rank

Product category

Multi-Employer Benefit Plan Administration

NAICS

Insurance and Employee Benefit Funds (5251), Pension Funds (525110), Health and Welfare Funds (525120)

SIC

Accident & Health Insurance (6321), Life Insurance (6311)

akta.pro primary industry

Employee Benefit & Retirement Plan Trust Services (FSAAANAC)

akta.pro secondary industries

Self-Funded (ERISA) Employer Plans (HLAEAAAC), Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)

Keywords

• Multiemployer benefit plans
• Health welfare benefits
• Pension plan administration
• Retirement savings plans
• Taft-hartley trust fund

Headquarters

HQ city

Anchorage

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, Marketing or Sales, Infrastructure

Revenue model

1. Employer Contributions: Contributions collected from participating employers based on collective bargaining agreements with IBEW Local 1547 and special agreements. Contribution rates vary according to which CBA or Special Agreement applies.
2. Retiree Self-Pay Contributions: Retirees pay monthly self-pay contributions to continue Legal Plan coverage. Active participants who terminate employment can continue coverage through self-payment for up to 36 months.

Distribution channels2 records

Marketing channels3 records

Core offering

Alaska Electrical Trust Funds (AETF) is a Taft-Hartley multi-employer trust fund that administers health & welfare, defined benefit pension, defined contribution 401(k) retirement savings, and legal benefit plans for active and retired members of IBEW Local 1547 in Alaska. Plans are financed by employer contributions specified in collective bargaining agreements with signatory employers and administered in partnership with Aetna (medical network), CVS/Caremark (prescriptions), John Hancock (401(k)), VSP (vision), Teladoc, Transcarent, SWORD Health, Via Benefits, and IdentityForce.

Product overview

Alaska Electrical Trust Funds (AETF) is a family of four Taft-Hartley multiemployer plans providing health & welfare, pension, retirement savings/401(k), and legal benefits to over 10,500 participants and retirees of IBEW Local 1547. The core offerings include: the Alaska Electrical Health & Welfare Plan (covering medical, dental, vision, life, disability, and prescription drugs through Aetna and CVS/Caremark), the Alaska Electrical Pension Plan (defined benefit), the Alaska Electrical Retirement Savings Plan (401(k) administered by John Hancock), and the Alaska Electrical Legal Plan (legal services with participating attorneys). The Health & Welfare Plan incorporates virtual care through Teladoc, digital physical therapy via SWORD Health, planned surgery coordination through Transcarent, and access to Coalition Health Centers. A Retiree HRA Plan administered through Via Benefits subsidizes individual health insurance for retirees. The Legal Plan integrates identity theft protection (IdentityForce) and an Employee Assistance Program. AETF recently merged the Health & Welfare and Legal Funds into a single trust effective January 1, 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Alaska Electrical Health & Welfare Plan Comprehensive employer-sponsored health benefit plan providing medical, dental, vision, life, AD&D, disability, and prescription benefits to active IBEW Local 1547 members and dependents, financed by employer contributions through collective bargaining agreements. Includes access to Coalition Health Centers at $20 copay.
• Alaska Electrical Pension Plan Defined benefit pension plan for IBEW Local 1547 members providing guaranteed monthly retirement income based on years of service and contribution history, with approximately 7,800 members.
• Alaska Electrical Retirement Savings Plan (401(k)) Defined contribution 401(k) plan offering pre-tax and after-tax voluntary contributions plus employer contributions, administered by John Hancock Retirement Plan Services with multiple professionally managed investment fund options.
• Alaska Electrical Legal Plan Funded legal services benefit providing coverage for personal legal expenses including will preparation (up to $3,000 at 100% for Plan A), estate planning, divorce representation, civil litigation, criminal defense, and identity theft protection via IdentityForce.
• Retiree Health Reimbursement Arrangement (HRA) Plan Health reimbursement arrangement for eligible IBEW Local 1547 retirees providing subsidies to purchase individual health insurance through the Via Benefits marketplace; replaced retiree group health plans effective January 1, 2024.
• Teladoc Virtual Healthcare 24/7 virtual visit platform offering primary care (Primary360 with dedicated provider relationships), urgent care, dermatology, behavioral health, psychiatry, and mental wellness services available at no cost to participants.
• Transcarent Planned Surgery Benefit Surgery care coordination program providing eligible non-Medicare participants access to top-ranked hospitals for major surgical procedures with expert diagnosis review and lower out-of-pocket costs.
• Digital Physical Therapy (SWORD Health) At-home digital physical therapy program offering SWORD Thrive, SWORD Move, and SWORD Bloom modules for musculoskeletal care, pelvic health, and general physical therapy, available at no cost to eligible participants through Transcarent.
• Medical Plans (500, 551, 552, 553, 554) Multiple medical plan options with varying deductibles and coverage levels administered through the Aetna PPO network; includes separate hospital inpatient deductibles per Schedule of Medical Benefits.
• Dental Plans (500, 601-606) Dental coverage options including preventive care, basic procedures, major services, and orthodontia, with multiple plan schedules and varying benefit levels. Fluoride treatment covered once per year for adults.
• Vision Plans (701-704) Vision benefit plans administered through VSP Vision Care covering eye exams, eyewear, and contact lenses with various allowance levels.
• Weekly Disability Plans Disability income benefits providing weekly payments ranging from $75 to $375 per week for occupational and non-occupational disabilities, with duration varying from 3 to 24 months depending on plan.
• CVS/Caremark Prescription Plan Four-tier formulary-based prescription drug plan administered by CVS/Caremark covering generic and brand-name medications, mail order, and specialty drugs. Prior authorization required for GLP-1 medications starting October 1, 2026.
• Identity Theft Protection (IdentityForce UltraSecure ID) Identity theft protection included with Legal Plan coverage, offering fraud monitoring, identity monitoring, social media monitoring, medical ID fraud protection, $1M identity theft insurance, and stolen funds replacement.
• Employee Assistance Program (FirstChoice EAP) Confidential counseling and support services 24/7 for Legal Plan participants covering stress, depression, relationship issues, workplace challenges, legal consultations, and financial planning resources.
• Fertility & Family Planning Support (Progyny) Fertility treatment and family planning services for eligible participants through Progyny, including access to fertility specialists and treatment support.
• Coalition Health Centers Three clinic locations in Anchorage, Fairbanks, and Wasilla providing primary care, urgent care, preventive care, chronic illness management, minor surgery, lab tests, radiology, and prescription dispensary services at a $20 copay with no deductible.
• EPRLive Employer Payroll Reporting Portal Online electronic payroll reporting platform for IBEW/NECA signatory employers to upload, review, edit contribution reports, and submit monthly benefit payments electronically based on hours worked or flat-rate per agreement type.

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature3 records

Partnerships

13 partnerships are on record, tiered core.

• Corellian SoftwarecoreTechnology or Integration · 5 April 2024Corellian Software partnered with AETF to implement EPRLive, an online electronic payroll reporting system for employers to submit contribution reports and payments securely. Replaced Excel template-based reporting.
• AetnacoreTechnology or IntegrationAetna provides the preferred provider network for medical benefits and performs pre-authorization reviews for procedures and treatments. The Plan contracts with Aetna to determine medical necessity and process provider networks for PPO and non-PPO providers.
• CVS/CaremarkcoreTechnology or IntegrationCVS/Caremark administers the prescription drug benefit program including prior authorizations, mail order pharmacy services, and claims processing for GLP-1 medications and other prescriptions.
• TeladoccoreTechnology or IntegrationTeladoc provides 24/7 virtual healthcare visits and the Primary360 program offering ongoing relationships with board-certified doctors. Also provides mental wellness services including therapy and psychiatry sessions at no cost to participants.
• John HancockcoreTechnology or IntegrationJohn Hancock Retirement Plan Services administers the Retirement Savings Plan/401(k), providing account management, investment options, and distribution services for participants.
• TranscarentcoreTechnology or IntegrationTranscarent provides the Planned Surgery benefit, giving participants access to major surgery at top-ranked hospitals at lower out-of-pocket costs. Includes surgery care review and coordination services.
• Via BenefitscoreTechnology or IntegrationVia Benefits Insurance Services provides the marketplace platform for retirees to purchase individual health coverage. Administers Health Reimbursement Arrangement (HRA) for eligible retirees. Provides personalized support for coverage decisions.
• IdentityForcecoreTechnology or IntegrationIdentityForce provides identity theft protection services including fraud monitoring, identity monitoring, social media monitoring, and identity restoration specialists. Offered to Legal Plan participants at no cost for UltraSecure ID plan.
• VSP Vision CarecoreTechnology or IntegrationVSP Vision Care provides vision care network and services including eye exams and corrective eyewear coverage for plan participants.
• ERTS (Electronic Reciprocal Transfer System)coreTechnology or IntegrationIBEW Electronic Reciprocal Transfer System enables 'money follows the man' reciprocity, allowing traveling workers to transfer hours and contributions between participating IBEW funds nationwide.
• SWORD Physical TherapycoreTechnology or IntegrationSWORD Health provides digital physical therapy programs (SWORD Thrive, Move, Bloom) offering musculoskeletal care, pelvic health, and general physical therapy at no cost to participants.
• Pacific Health CoalitioncoreStrategic or Co-development PartnerAETF participates in the Pacific Health Coalition which organizes annual health fairs across Alaska, providing lab tests, screenings, and flu shots at various locations including Fairbanks, Mat-Su Valley, Anchorage, Soldotna, and Juneau.
• Coalition Health CenterscoreStrategic or Co-development PartnerThree Coalition Health Center locations in Anchorage, Fairbanks, and Wasilla providing convenient, low-cost primary care, urgent care, preventive care, chronic illness care, minor surgical procedures, lab tests, and radiology services with a $20 copay.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• National Electrical Annuity Plan: IBEW-administered defined contribution annuity plan for electrical workers nationwide. Directly comparable for the defined-contribution 401(k) component of AETF's Retirement Savings Plan.
• IBEW Local 47 (Southern California Edison) NECA Trust Funds: Multi-employer Taft-Hartley trust fund administering health, pension, and retirement savings for IBEW Local 47 inside wiremen in Southern California. Nearly identical four-benefit structure and governance model as AETF.
• National Electrical Benefit Fund (NEBF): The national IBEW pension fund providing defined benefit pensions across all participating IBEW locals. Most directly comparable peer for the Alaska Electrical Pension Fund in structure, ERISA framework, and IBEW affiliation.
• Operating Engineers' Local 3 Trust Funds: Western-states multi-employer Taft-Hartley trust administering health, pension, and retirement benefits for IUOE Local 3 heavy-equipment operators. Comparable scale, structure, and regional trust fund model.
• IBEW Local 46 Electrical Workers Trust: Seattle-area IBEW Local 46 trust fund administering health, pension, and retirement savings benefits under the same NECA collective bargaining structure. Closest geographic and structural analogue to AETF.
• Sound Health & Wellness Trust: Taft-Hartley health and welfare trust serving IBEW/NECA members in the Pacific Northwest. Highly comparable in geographic scope (regional multi-employer) and benefit mix including HRA-style retiree support.
• IBEW Local 134 Health & Welfare Trust Fund: Chicago-area IBEW/NECA multi-employer trust fund providing health, pension, and annuity benefits to IBEW Local 134 members. Same Taft-Hartley framework and benefit architecture as Alaska Electrical Trust Funds.

Others

• National Electrical Contractors Association (NECA): National trade association representing NECA signatory employers who contribute to AETF and similar trust funds. Ecosystem participant — not a competing plan but the employer-side governance counterpart.
• Zenith American Solutions: Third-party administrator (TPA) that operates AETF's Participant EDGE benefits portal and likely provides back-office administration. Comparable as an administrative-services partner across the multi-employer plan ecosystem.
• International Brotherhood of Electrical Workers (IBEW): National labor union that governs the IBEW locals whose members participate in AETF. Operates the Electronic Reciprocal Transfer System (ERTS) that AETF uses for portable benefits.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ASPSdubai
• LinkedInlinkedin.com/company/alaska-electrical-trust-funds

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 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 Alaska Electrical Trust Funds