Contribution Reporting

The National IAM Benefit Trust Fund mails contribution billings on or about the 17th of each month. Payments are due on the first of the following month and are considered delinquent if not received by the 15th of the month.

The Remittance Page (page 1) of the billing should be returned with your payment, along with any employee changes. To report new enrollees or to modify employee information, please use the Employee Additions and Terminations Form (PDF). An enrollment form is also required for all new employees who are to be covered by the Plan. To report terminations, please use the Employer Notice to Plan Administrator of COBRA Qualifying Event Form (PDF).

Contribution payments can either be wire transferred (please contact the Fund Office for wire instructions) or mailed to our lockbox at the following address:

National IAM Benefit Trust Fund
P.O. Box 64607
Baltimore, MD  21264-4607

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The contribution process is easy: just wire transfer your payments to the Fund.

 

Frequently Asked Question (FAQ)

Does the Fund offer Retiree Health Care Plans?

Yes. Employers that have negotiated a Benefit Trust Plan for their Active employees may also establish a Retiree plan.

Will the Fund cover Non-Bargaining Unit employees also?

Yes, the Fund will cover Non-Bargaining employees as long as the covered Bargaining Unit employees make up at least two-thirds of the group.

Does the Fund offer "individual" plan coverage?

No, the Fund is legally required to offer employer-sponsored benefit plans. As a Taft-Hartley Fund, our plans are negotiated through collective bargaining.

How do I obtain a quote or proposal of benefits?

For Medical Coverage:

Please go to Developing a Plan Proposal on this site for a list of the information needed for a medical plan proposal. You can also view sample schedules of benefits for Benefit Trust Fund medical coverage.

For Dental and Vision Coverage:

Schedules of the Dental and Vision coverage, including rates, are available on this site. As these benefits are pre-rated, it is not necessary to provide pre-enrollment data for review.

Does the Fund offer coverage for groups of fewer than 10 employees?

Yes—no group is too small to participate in the Benefit Trust Fund.

If I negotiate a Medical plan, do I also have to include the Dental and Vision Plans?

No. You can negotiate plans individually, or in any combination. The exception is for Short-Term Disability and Life and AD&D; these coverages are available only with a Medical plan, though they are not required.

How often are rates subject to change?

All Plans are reviewed annually; notification of rate changes is provided 30-60 days in advance of the renewal effective date.

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