What carpenters.fund does

Eastern Atlantic States Carpenters Benefit Funds is a Taft-Hartley multi-employer benefit fund that administers health, pension, annuity, and ancillary benefits for union carpenters and their dependents across Pennsylvania, New Jersey, Delaware, Maryland, Virginia, and West Virginia. The organization is governed by a Board of Trustees with equal labor-management representation between contributing employers and the Eastern Atlantic States Regional Council of Carpenters, with no parent company, no venture capital or private equity ownership, and no public listing. It serves approximately 550,000+ active members, retirees, and dependents through Philadelphia (headquarters) and Edison, NJ offices, supported by a small administrative staff of 11–50.

The fund's core products include a Health & Welfare Fund (medical, dental, vision, prescription, mental health, and wellness), a defined benefit Pension Fund with Normal, Early, and Disability Retirement options, an Annuity Fund, and add-on programs such as the Employer Health Program for non-bargained employees, Vacation Benefits, an Apprentice Program, a Reciprocal Hours Program, and a Health Reimbursement Account. Healthcare delivery is outsourced to major partners including Independence Administrators, Express Scripts, Cigna, Davis Vision, Mental Health Consultants, Teladoc, Catapult Health, Virta, LabCorp, and GRAIL. Technology infrastructure centers on the iRemit electronic fringe-benefit contribution system, Member Self-Service Portal, Employer Remittance Portal, Provider Eligibility Portal, and a Carpenters Steward mobile app, all running through the ISSI Systems ecommerce platform.

Revenue is generated through employer fringe benefit contributions mandated by collective bargaining agreements, calculated per hour worked by covered employees, plus a blended COBRA-rate EHP premium of $1,775 per month per non-bargained employee as of April 1, 2026. The Boards of Trustees approved a pension fund consolidation effective December 31, 2025 merging three regional plans into the Eastern Atlantic States Carpenters Pension Fund, and restructured the Variable Pension Plan by eliminating its adjustment component for benefits earned on or after January 1, 2026.

Name

carpenters.fund

Legal name

Eastern Atlantic States Carpenters Benefit Funds

Website

https://carpenters.fund

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Eastern Atlantic States Carpenters Benefit Funds is a Taft-Hartley multi-employer trust administering health, pension, annuity, and ancillary benefits for approximately 550,000 union carpenters and families across six Mid-Atlantic states.

Ownership category

akta.pro rank

Headquarters

HQ city

Edison

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Fringe Benefit Contributions: Employer contributions to the fund based on collective bargaining agreements, typically calculated per hour worked by covered employees. Contributions fund pension, annuity, health, and other benefit plans.
2. Employer Health Program (EHP) Premiums: Monthly premiums of $1,775 per employee for non-bargaining unit employees enrolled in the EHP. Submitted via iRemit system.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Eastern Atlantic States Carpenters Benefit Funds is a Taft-Hartley multi-employer benefit fund that administers health, pension, annuity, and related welfare benefits for union carpenters and their families across the Eastern Atlantic States region. It collects mandatory employer fringe benefit contributions via the iRemit system and delivers benefits through self-service portals, integrated provider networks (Independence Administrators, Express Scripts, Cigna, Davis Vision), and specialized programs such as Teladoc, Catapult Health, and Virta.

Product overview

Eastern Atlantic States Carpenters Benefit Funds is a multi-employer benefit fund offering a comprehensive suite of retirement and health benefits to union carpenters. The core offerings include a Health & Welfare Fund providing medical, dental, vision, and prescription coverage; a Pension Fund offering defined benefit retirement options with various payment choices; and an Annuity Fund for retirement savings. Additional programs include an Employer Health Program for non-bargained employees, Vacation Benefits, an Apprentice Program, and a Reciprocal Hours Program for cross-regional credit. The fund partners with major healthcare providers including Independence Administrators, Express Scripts, Cigna, Davis Vision, Teladoc, and others to deliver these benefits. Members access their accounts through online portals including the Participant Website, Employer Remittance Portal, and Provider Eligibility Portal.

Differentiator

Problem solved

Functional benefit

Products and services

• Health & Welfare Fund Comprehensive health coverage including major medical insurance (90/10 coinsurance), dental, vision, prescription, mental health, and wellness programs for active union carpenters and their dependents.
• Pension Fund Defined benefit pension plan offering Normal, Early, and Disability Retirement options with multiple monthly payment options and survivor benefits for covered union carpenters.
• Annuity Fund Retirement savings plan allowing participants to accumulate funds through employer contributions, with multiple investment options, hardship withdrawals, and beneficiary management.
• Employer Health Program (EHP) Health coverage allowing contributing employers to enroll non-bargained unit employees and eligible dependents into the EAS Carpenters Health Fund, featuring major medical, dental, vision, and prescription coverage.
• Vacation Benefit Vacation benefit program that pays out accrued vacation hours to eligible union carpenter participants, administered through the Hours Department.
• Reciprocal Hours Program Program allowing participants to receive pension credit for hours worked under the United Brotherhood of Carpenters & Joiners of America National Reciprocal Agreement across different regional funds.
• Health Reimbursement Account (HRA) Tax-advantaged account that reimburses eligible healthcare expenses not covered by the main health plan.
• Dental Benefit Dental coverage through Cigna DPPO plan with 90/10 coinsurance, $2,500 annual family allowance, $3,200 lifetime orthodontia allowance, and access to a national PPO network of over 100,000 providers.
• Vision Benefit Vision coverage through Davis Vision including annual exams covered at 100%, $100 annual allowance for eyewear, and an additional $50 allowance at Visionworks providers.
• Teladoc Health Telehealth Service Telehealth service providing $0-cost access to doctors for flu, infections, anxiety, stress, skin conditions, and general medical advice by phone, video, or app.
• iRemit Electronic Payment System Electronic system used by contributing employers to file and pay fringe benefit contributions securely online; mandatory under some collective bargaining agreements.
• Carpenters Steward Mobile App Mobile application available on iOS and Android that allows union carpenter members to access benefit information, check annuity balances, and manage their fund accounts.

Quantifiable outcome

• 90/10 major medical coinsurance with $1,000 individual / $2,000 family out-of-pocket maximum
• +7 more outcomes

Named customers3 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

Integration13 records

Feature3 records

Partnerships

13 partnerships are on record, tiered core.

• Independence Administrators (IA)coreTechnology or IntegrationMajor medical insurance provider for doctors, hospitals, and specialists. In-network providers through IBX Healthsparq or local Blue Cross/Blue Shield plans in each state. The fund pays coinsurance percentage of total IA allowance.
• Express ScriptscoreTechnology or IntegrationPrescription drug plan offering low co-pays for generic medication, 90-day supplies via mail order, and specialty pharmacy for long-term health conditions.
• CignacoreTechnology or IntegrationDPPO dental plan with access to national PPO network of over 100,000 providers. No primary dentist selection required and no specialist referrals needed.
• Davis VisioncoreTechnology or IntegrationVision care benefits with access to large national network of over 100,000 facilities. Customer service available 7 days a week.
• Mental Health Consultants (MHC)coreTechnology or IntegrationAdministers individual and family counseling, mental and nervous conditions, and substance abuse benefits as a coinsurance plan with combined out-of-pocket maximum.
• Catapult HealthcoreTechnology or IntegrationVirtualCheckup program providing $0 cost fully covered health benefit. Home kit includes blood pressure monitor and private video consult with Nurse Practitioner to review results and create Personal Action Plan.
• Teladoc HealthcoreTechnology or IntegrationTelehealth services available at no cost for flu, infections, anxiety, stress, skin conditions, and medical advice. Available by phone, video, or app.
• LabCorpcoreTechnology or IntegrationLab work covered 100% when processed through LabCorp. In-network lab, doctor, or hospital lab work covered under 90/10 coinsurance.
• VirtacoreTechnology or IntegrationDiabetes treatment and weight loss program fully covered for members and eligible family members with type 2 diabetes, type 1 diabetes, prediabetes, or BMI of 30+.
• Blue Medicare AdvantagecoreTechnology or IntegrationMedicare Advantage plan for retirees providing additional coverage beyond original Medicare. Evidence of Coverage documents available for Pennsylvania and legacy CBF plans.
• Eastern Atlantic States Regional Council of CarpenterscoreStrategic or Co-development PartnerParent union organization providing governance oversight and representing carpenters across the EAS jurisdiction (PA, NJ, DE, MD, VA, WV).
• United Brotherhood of CarpenterscoreStrategic or Co-development PartnerNational union organization providing reciprocal agreements for hour transfers between local funds and overall union governance.
• Carpenters Technical Centers (CTC)coreStrategic or Co-development PartnerTechnical training and apprenticeship programs. School hours for apprenticeship training with Joint Apprenticeship Committee are credited for pension eligibility.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Empower Retirement: Large recordkeeper and administrator for defined-benefit, defined-contribution, and multi-employer benefit plans. Relevant as a scalable incumbent platform that competes for the same plan-administration and recordkeeping work the EAS fund either insources or contracts out.
• Milliman: Large actuarial and benefits consulting firm that advises and administers multi-employer benefit funds, including health and pension plans. Comparable as a broader incumbent that supports similar trust-fund governance and benefit design work, but as a vendor/professional-services firm rather than a peer trust.
• Segal Group: Independent consulting firm specializing in multi-employer benefit plan administration, actuarial, and investment advisory services. Comparable to EAS Carpenters Benefit Funds as a specialist in the same plan-administration niche but operating as a third-party administrator/consultant rather than a sponsor fund.

Direct peers

• Central Pension Fund of the UFCW: Taft-Hartley multi-employer pension fund for United Food and Commercial Workers union members. Comparable in being a large joint-trustee fund administering defined-benefit pensions funded by per-hour CBA contributions, but in a different industry.
• Sheet Metal Workers' National Pension Fund: National multi-employer defined-benefit pension fund for sheet metal workers funded by CBA contributions. Comparable governance (joint labor-management trustees), actuarial mechanics, and benefit-administration model to EAS Carpenters Benefit Funds.
• Plumbers and Pipefitters National Pension Fund: National multi-employer defined-benefit pension plan for UA plumbers and pipefitters funded by CBA contributions. Closely analogous in structure, scale ambition, and construction-trade labor pool to the EAS Carpenters Pension Fund.
• New England Carpenters Benefit Funds: Multi-employer benefit fund administering health, pension, and annuity benefits for union carpenters across New England. Closest geographic peer with the same trade focus, similar multi-state operating model, and equivalent CBA-driven funding mechanics.
• New York City District Council of Carpenters Benefit Funds: Taft-Hartley multi-employer benefit fund serving union carpenters in the New York City region with health, pension, annuity and welfare programs. Directly comparable to EAS Carpenters Benefit Funds in structure, trade, and benefit-line mix, differing primarily in geographic jurisdiction.
• National Electrical Benefit Fund (NEBF): National Taft-Hartley defined-benefit pension fund for IBEW union electricians funded by per-hour employer contributions under CBAs. Highly comparable structure to EAS Carpenters Pension Fund, differing in trade and national vs. regional scope.

Regional players

• California Carpenters Pension Trust Fund: Regional union carpenters pension trust covering California carpenters under CBA-funded contributions. Same trade and benefit-line focus as EAS Carpenters Benefit Funds but operating in a different geography with its own collective bargaining agreements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/carpenters-fund

Compliance5 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 carpenters.fund