central states, se & sw areas health & pension funds
Central States is a non-profit multiemployer Taft-Hartley pension and health benefits fund, founded in 1955, providing defined-benefit retirement, survivor, disability, and retiree health coverage to union workers concentrated in the U.S. trucking and freight industry.
- Company typePrivate
- Founded1955
- Headquarters—
- Headcount—
- GTM typeB2C
- OfferingServices
What central states, se & sw areas health & pension funds does
Central States, Southeast and Southwest Areas Health & Pension Funds is a non-profit, private multiemployer Taft-Hartley trust established in 1955 to deliver defined-benefit retirement, survivor, disability, and retiree health benefits to covered union workers. Its participant base is concentrated in the U.S. trucking and freight industry, with participating employers and locals historically affiliated with the International Brotherhood of Teamsters. The fund is governed by a joint board of trustees representing labor and management under the federal ERISA framework, and employer contributions plus investment returns fund participant benefits. The fund does not generate commercial revenue; rather, it pools contributions and invests them to meet long-dated benefit obligations.
In 2023, the fund received $35.8 billion in Special Financial Assistance under the American Rescue Plan Act, restoring funded status to 98.1% as of January 1, 2025. That same year, decades-old consent decrees that had constrained investment policy and operational flexibility were dissolved, expanding the trustees' governance latitude. Operationally, the fund has invested in participant-facing digital tools — a website redesign in August 2024, an SMS texting program in September 2024, and an online retirement application launched in December 2025 — indicating a deliberate channel modernization effort. No AI/ML capabilities, proprietary technology platforms, or commercial product lines are evident from the available evidence; the fund's "products" are statutory benefits, not market-priced services.
central states, se & sw areas health & pension funds firmographics
Firmographics- Name
- central states, se & sw areas health & pension funds
- Legal name
- Central States, Southeast and Southwest Areas Pension Fund
- Website
- https://mycentralstatespension.org
- Company type
- Private
- Founded year
- 1955
- Operating status
- Operating
- Short description
- Central States is a non-profit multiemployer Taft-Hartley pension and health benefits fund, founded in 1955, providing defined-benefit retirement, survivor, disability, and retiree health coverage to union workers concentrated in the U.S. trucking and freight industry.
- Ownership category
- akta.pro rank
central states, se & sw areas health & pension funds industry classification
Industry- Product category
- Multiemployer Pension Fund
- NAICS
- Pension Funds (525110), Pension Funds (52511), Health and Welfare Funds (52512), Health and Welfare Funds (525120), Insurance and Employee Benefit Funds (5251)
- akta.pro primary industry
- Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK)
- akta.pro secondary industries
- Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Pensions & Retirement Benefits Administration (BPAIAKAA)
Keywords
central states, se & sw areas health & pension funds business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Others
Distribution channels1 record
Marketing channels4 records
central states, se & sw areas health & pension funds product offering
Product offeringCore offering
Central States Pension Fund is a multiemployer defined benefit pension plan that administers retirement, survivor, disability, and retiree health benefits for union workers, retirees, and their beneficiaries. The fund is supported by participating employer contributions and investment returns, and provides members with an online portal containing benefit estimation tools, online retirement applications, SMS alerts, and educational webinars.
Product overview
Central States Pension Fund is a multiemployer defined benefit pension plan providing retirement, survivor, disability, and health benefits to participants in the trucking industry. The fund operates a member portal (MyCentralStatesPension.org) offering digital tools including a Benefit Estimator for retirement planning calculations, Tax Calculator for distribution planning, and Work History tracking. Additional services include SMS text alerts, online benefit application submission, and educational webinars on retirement readiness. The fund reported a 98.1% funding level as of January 1, 2025, with $35.8 billion in special financial assistance received in 2023.
Differentiator
Problem solved
Functional benefit
Products and services
- Retirement Benefits
- Survivor Benefits
- Disability Benefits
- Retiree Health Plans
Quantifiable outcome
- 98.1% funded as of January 1, 2025
- +1 more outcomes
Companies that use central states, se & sw areas health & pension funds
Customer profileSegments3 records
Ideal customer profiles3 records
central states, se & sw areas health & pension funds technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
central states, se & sw areas health & pension funds partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights2 records
central states, se & sw areas health & pension funds competitors and assessment
Company assessmentDirect peers
- Laborers Pension Fund: Multiemployer pension and related benefit funds for Laborers' International Union members in construction and related industries. Comparable size, governance, and benefit administration model.
- UAW Retiree Medical Benefits Trust: VEBA trust established for UAW retirees providing health and other benefits, parallel in structure (multiemployer-like union trust) to Central States' retiree health plans. Comparable in administering retiree welfare benefits funded through collective bargaining.
- National Electrical Benefit Fund (NEBF): Multiemployer Taft-Hartley defined benefit pension plan for IBEW members across the electrical construction industry. Operates the same plan type, governance structure, and digital self-service model as Central States.
- Western Conference of Teamsters Pension Plan: Another large multiemployer Taft-Hartley defined benefit pension plan covering Teamsters workers in the Western United States. It is the closest direct peer to Central States given overlapping coverage of the trucking/transportation industry and similar multiemployer DB structure.
- Boilermakers National Pension Trust: Multiemployer DB pension trust for International Brotherhood of Boilermakers members in construction, manufacturing, and shipbuilding. Shares the multiemployer Taft-Hartley architecture and benefit focus.
- IAM National Pension Fund: Multiemployer defined benefit pension plan for the International Association of Machinists covering manufacturing, aerospace, and transportation workers. Same Taft-Hartley multiemployer DB design and serves an overlapping industrial union population.
- United Steelworkers Pension Plan: Multiemployer defined benefit pension plan serving steelworkers and related manufacturing unions. Comparable in product (DB pension) and governance (joint labor-management trusteeship), though the covered industry is more manufacturing-heavy.
- Sheet Metal Workers' National Pension Fund: National multiemployer defined benefit pension plan for sheet metal workers across the U.S. Operates under the same ERISA multiemployer framework and offers DB pension plus related benefits comparable to Central States.
Broad incumbents
- Pension Benefit Guaranty Corporation (PBGC): Federal agency that insures multiemployer defined benefit pension plans and acts as a backstop for insolvent plans like Central States. Not a direct competitor but the macro counterparty and regulator shaping Central States' risk profile.
Others
- Empower Retirement: Large recordkeeping and administration provider for retirement plans, including multiemployer and Taft-Hartley plans. Comparable as a pension administration platform though it operates as a for-profit recordkeeper rather than plan sponsor.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key highlights7 records
Customer concentration
central states, se & sw areas health & pension funds financial estimates
Financial estimateRevenue estimate
Valuation estimate
central states, se & sw areas health & pension funds leadership team
Management profileNumber of profiles
central states, se & sw areas health & pension funds funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
central states, se & sw areas health & pension funds M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about central states, se & sw areas health & pension funds
What does central states, se & sw areas health & pension funds do?
Central States Pension Fund is a multiemployer defined benefit pension plan that administers retirement, survivor, disability, and retiree health benefits for union workers, retirees, and their beneficiaries. The fund is supported by participating employer contributions and investment returns, and provides members with an online portal containing benefit estimation tools, online retirement applications, SMS alerts, and educational webinars.
Is central states, se & sw areas health & pension funds a public or private company?
central states, se & sw areas health & pension funds is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was central states, se & sw areas health & pension funds founded?
central states, se & sw areas health & pension funds was founded in 1955.
Who are central states, se & sw areas health & pension funds's main competitors?
Direct peers on record are Laborers Pension Fund, UAW Retiree Medical Benefits Trust, National Electrical Benefit Fund (NEBF), Western Conference of Teamsters Pension Plan, Boilermakers National Pension Trust, IAM National Pension Fund, United Steelworkers Pension Plan and Sheet Metal Workers' National Pension Fund. Pension Benefit Guaranty Corporation (PBGC) is listed as a broad incumbent. Empower Retirement is listed as an others.
Does central states, se & sw areas health & pension funds have an API?
No public API is recorded for central states, se & sw areas health & pension funds.
What industry is central states, se & sw areas health & pension funds in?
central states, se & sw areas health & pension funds's product category is Multiemployer Pension Fund. Its primary akta.pro industry code is FSAAAGAK, Taft-Hartley / Labor Union & Public Sector Retirement Systems, with a secondary code of FSAAAGAA, Corporate & Public Pension Funds (DB/DC Sponsors). Its NAICS code is 525110.