Wilson-McShane Corporation provides stable, high quality and responsible third party administration for
Taft-Hartley Multiemployer benefit funds. Taft-Hartley Multiemployer funds are not union funds or company funds, but instead are
trust benefit funds that are jointly administered by labor and management trustees. Trustees of Taft-Hartley Multiemployer
plans hire us to perform various functions associated with the administration of the fund. Those functions typically include: receiving
contributions from employers, determining participant eligibility, paying healthcare claims and pension benefits and performing the
day-to-day recordkeeping activity for the funds. In addition, Wilson-McShane provides payroll audit and collection services and also
administers a joint workers’ compensation program for Minnesota’s construction industry. No two funds are serviced the same; we take the time to customize every aspect of our clients’ needs.
Health and Welfare Funds
Health plans which provide medical as well as prescription drug, short-term disability, vision and dental benefits to employees, retirees and their families
Defined Contribution Funds
Retirement plans which result in account balances at retirement based on contributions and investment returns
Defined Benefit Funds
Retirement plans which pay monthly benefits to retirees for their lifetime
Vacation Funds
Benefit plans which help employees save for vacations and time off work
Apprenticeship and Training Funds
Programs which train apprentice and journey workers in their craft
Workers’ Compensation
Wilson-McShane also administers a joint workers’ compensation program for Minnesota’s construction industry. For more information, please visit www.ucwcp.com.
What is a Taft-Hartley multiemployer plan?
A Taft-Hartley Multiemployer plan is an employee benefit plan established by a trust agreement and funded by contributions from collective bargaining agreements
to which more than one employer contributes. These collective bargaining agreements can involve one or more local unions that are a part of the same national or
international labor union and represent multiple employers. These plans are considered Taft-Hartley Multiemployer plans if the plan sponsor is a joint board of
trustees consisting of equal representation from labor and management. These trustees are responsible for the overall operation and administration of the plan.
Wilson-McShane Corporation is hired by such boards of trustees to administer the day-to-day business of the plan.
Which industries typically have Taft-Hartley Multiemployer plans?
Taft-Hartley Multiemployer plans are often found in industries and geographic areas where several employers are covered by collective bargaining agreements with
one or more participating local unions. Covered participants could work for several of those employers during their career. Examples of these industries include
construction, food industry, arts and entertainment, retail stores, transportation, service (including hospitality and health care workers), mining and communications.
Who is helped by Taft-Hartley Multiemployer plans?
Workers: Taft-Hartley Multiemployer plans provide benefit security for participants and beneficiaries through pooling of risk and economies of scale
for employees in a unionized workforce covered by the plan. They also provide portability of certain benefits and eligibility for those employees who move from employer
to employer within the industry covered by the plan. As a result, Taft-Hartley Multiemployer plans often enable eligibility to be transferred from employer to employer
or job to job while avoiding interruptions in coverage that would apply without this portability.
Employers: Taft-Hartley Multiemployer plans also help employers with a union workforce by making coverage available on a more cost-effective basis due
to a pooling of risk and economies of scale.