Plumbers & Pipefitters Local 421 Health & Welfare Fund

Organization Overview

Plumbers & Pipefitters Local 421 Health & Welfare Fund is located in Pembroke Pines, FL. The organization was established in 1966. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plumbers & Pipefitters Local 421 Health & Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Plumbers & Pipefitters Local 421 Health & Welfare Fund generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FUNDS PURPOSE IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS UNDER TERMS OF VARIOUS COLLECTIVE BARGAINING AND PARTICIPATING AGREEMENTS BETWEEN THE VARIOUS EMPLOYERS AND THE PLUMBERS AND PIPEFITTERS LOCAL UNION NO. 421

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FUND PROVIDES MEDICAL, DENTAL, DISABILITY, VISION, PRESCRIPTION DRUG AND DEATH BENEFITS TO ELIGIBLE PARTICIPANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Hughes
Trustee
$0
Perry Howard
Trustee
$0
Steve Smith
Trustee
$0
Jeffery Morgan
Trustee
$0
Zane Gauldin
Trustee
$0
Matt Stroer
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wage Works Hra
Health Reimbursement
$308,042
The Union Labor Life Insurance
Stop Loss Insurance
$203,743
National Employee Benefits Administrator
Administrative Services
$259,073
Cigna Healthcare
Healthcare Provider Fees
$392,303
Wedge Capital Management
Invement Management Fees
$520,028
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$11,640,808
Investment income $475,633
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $564,559
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,681,000

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