Multiemployer Funds Benefit Plans
Multiemployer plans are an American institution.
Unlike benefit programs that are sponsored and controlled by employers for their own employees, multiemployer plans are benefit programs sponsored and administered by boards of trustees made up of both labor and management, representing participants from many organizations.
Multiemployer programs serve a unique function by providing retirement, health care, disability and other welfare benefits to workers who might otherwise have no access to such benefits. These workers include those who move from employer to employer, are independent of any single employer, or who work for small companies that are otherwise unable to offer benefits.
- Retirement Benefits
- Health and Welfare Benefits
- Participant Communications
- Administration and Technology
- Insurance Brokerage Services (Fiduciary Liability, ERISA Fidelity Bonds, Employment Practice Liability, and Cyber Liability)
- Fund Office Human Resources
- Investment Consulting
Multiemployer Publications and Resources
Segal is a unique consulting firm
Segal is the only major consulting firm whose core business serves collectively bargained multiemployer plans. Our multiemployer research department is the standard in the industry, and our publications are commonly used as research tools by attorneys and other plan professionals.
Successfully consulting to multiemployer boards of trustees requires a consulting firm skilled in labor-management issues. It requires consultants who are focused on, and experienced in, serving the complex needs of all the parties involved.
We work with more multiemployer funds than our top three competitors combined, in industries including:
- Air and Transportation
- Hotel and Restaurant
- Iron and Steel
- Machine Tool
- Motion Picture
- Oil and Pipeline
- Printing and Publishing
- Professional Sports
- Radio and Television
Segal is, and always has been, committed to your needs
Segal was founded in 1939 to provide advice to collectively bargained plans - well before the 1947 passage of the Taft-Hartley Act, which defined the rules under which multiemployer plans must operate. Even before Taft-Hartley, Segal was acting as the trusted advisor to many collectively bargained plans. Today, Segal is the undisputed leader in multiemployer benefits consulting, providing services to plans serving more than 8 million people throughout the U.S. and Canada.
Our extensive client base allows us to develop a comprehensive view of the wide range of challenges our clients face. Our Multiemployer Leadership Group is a select team of our leading consultants who have more than 150 years of combined experience serving multiemployer benefit programs. This select group of senior consultants focuses on identifying multiemployer needs throughout the country, meeting regularly to discuss emerging developments and issues in the multiemployer environment, and sharing knowledge of best practices with all of our consultants. This unique perspective shapes our consulting advice and enables us to deliver solutions that have the best opportunity for creating long-term success for all our clients.
Each of our practices has national leadership and a full-time staff. They develop publications, surveys, seminars and workshops devoted to multiemployer concerns focusing on current and emerging issues that may affect your plans. Of special note is our Compliance Practice that help clients and their fund counsel sort out the impact of current and pending federal, state and local laws and regulations on multiemployer benefit plans.
Having an objective consulting approach means we have no stake in providing answers tied to products or pre-packaged solutions. While we draw on the resources and knowledge of the entire firm in our consulting assignments, our advice and guidance is tailored to the particular needs and circumstances of each client. By investing our resources and developing our expertise based on the current and emerging needs of our many multiemployer clients, we have a long record of creating durable, innovative and flexible solutions.
Relationships are built on trust
At Segal, we know trust is critical to achieving success - between members and their unions, between workers and employers, between trustees and their advisors, between our people and yours.
We don't take this trust lightly. Since 1939, we've stood firmly rooted in a tradition as trusted advisors, focusing our resources on responding to your needs with the best that we have. We work with labor and management to determine the best options for the benefit program and its participants. That's how problems get solved: by working together with people you trust to create lasting solutions.