pipe trades services mn

Name

pipe trades services mn

Legal name

Pipe Trades Services Minnesota

Website

https://ptsmn.org

Company type

Private

Operating status

Operating

Ownership category

akta.pro rank

Headquarters

HQ city

White Bear Lake

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others

Distribution channels1 record

Core offering

Pipe Trades Services Minnesota (PTSMN) is a Taft-Hartley labor trust fund that administers health, pension, and welfare benefit plans for pipe trades industry union members, retirees, and their contributing employers in Minnesota. The organization processes benefit eligibility, contributions, claims administration, and retiree health coverage under joint labor-management governance.

Product overview

Pipe Trades Services Minnesota is a multi-employer union trust organization providing health and pension benefits administration for pipe trades workers. The organization offers a unified benefits platform consisting of four core funds: Welfare Fund (health insurance), Retiree Health Trust, Pension Fund, and Pension Supplement Fund. Members access these benefits through an online member portal. Additional services include prescription drug benefits through Optum and wellness center services through Premise Health. The organization also provides newsletters, FAQ resources, and employer fringe benefit management.

Differentiator

Problem solved

Functional benefit

Products and services

• Welfare Fund
• Pension Fund
• Retiree Health Trust
• Health Insurance Plans
• Annuity / 401(k) Plan

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• OptumcoreTechnology or IntegrationOptum provides prescription drug coverage and pharmacy benefit management services, including formulary management, home delivery options, and online tools for PTSMN members.
• MillimancoreTechnology or IntegrationMilliman provides pension supplement fund administration services through their Milliman Benefits platform for PTSMN.
• Premise HealthcoreTechnology or IntegrationPremise Health operates the Pipe Trades Services MN Health and Wellness Center, providing direct healthcare and wellness services to members.
• Francis WaysupportingTechnology or IntegrationFrancis Way provides financial wellness resources and tools for PTSMN members to help with retirement planning and financial health.

Recent moves6 records

Expansion highlights3 records

Direct peers

• Wisconsin Pipe Trades Industry Health & Welfare Plan: Multi-state neighbor to PTSMN administering health and pension benefits for pipe trades workers in Wisconsin. Highly comparable structure, single-state scope, and pipe trades trade focus, making it the closest geographic peer.
• Central Pension Fund of the IUOE: National multiemployer pension fund for International Union of Operating Engineers. Comparable multiemployer trust structure serving a different construction trade; useful as a structural analog for pension operating model and governance.
• Plumbers & Pipefitters National Pension Fund: National defined-benefit pension fund for UA plumbers and pipefitters across the U.S. Directly comparable as a pipe trades pension administrator; differs from PTSMN by scope (national vs. Minnesota) and by being pension-only rather than full health + pension.
• Sheet Metal Workers' National Pension Fund: National multiemployer defined-benefit pension fund for sheet metal workers. Same Taft-Hartley trust structure and benefit administration model as PTSMN's Pension Fund, but scoped to a different trade and at national scale.
• National Electrical Benefit Fund (NEBF): Multiemployer defined-benefit pension fund for IBEW members nationwide. Structurally comparable Taft-Hartley benefit administration model; differs in covered trade (electrical vs. pipe trades) but uses the same multiemployer trust architecture.
• National Pipe Trades Industry Health & Welfare Plan: National Taft-Hartley multiemployer health and welfare plan for pipe trades workers administered by the United Association. Most directly comparable to PTSMN as a pipe trades-specific benefit trust fund with overlapping product architecture (health, pension, retiree), differing primarily by national scope.
• Plumbers Local Union No. 15 Pension and Welfare Funds: Local union benefit fund for plumbers and pipefitters, structurally identical to PTSMN as a Taft-Hartley trust serving the same trade in a defined geographic jurisdiction. Directly comparable governance, contribution model, and product set.

Others

• Optum Pharmacy Benefit Services: Pharmacy benefit manager that PTSMN partners with for prescription drug coverage. Listed as a vendor/ecosystem dependency rather than a peer; included because vertical integration with PBMs is a known strategic direction for multiemployer benefit funds.
• Mechanical Contractors Association of Minnesota: Industry association representing mechanical/pipe trades contractors in Minnesota, the contributing employer constituency that funds PTSMN. Comparable ecosystem participant (employer-side counterpart to PTSMN's labor-side administration) rather than a direct benefits administrator.

Broad incumbents

• Building Trades National Benefit Trust: National Taft-Hartley trust offering health and welfare benefits to multiple building trades unions. Broader than PTSMN in trade coverage but directly comparable in multiemployer benefits administration, joint labor-management governance, and product architecture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Customer concentration

• LinkedInlinkedin.com/company/pipe-trades-services-mn

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 →

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