Sheet metal & Air Conditioning Contractors’ National Association

Trustee Advisor Blog

The blog educates industry trustees to aid them in better fund operations in order to control costs and provide quality benefits to fund participants.


  • Wake Up Call: You May Be Failing as a Trustee
    If you, as a management trustee, are not actively taking on the role of overseeing the operations of your trust fund, you are failing in your job as a trustee. ERISA Taft-Hartley funds are expressly set up by law to be jointly administered funds. Whether we are talking about a pension, health and welfare, or training fund, it is not the union’s responsibility to run it. It is both yours and theirs. Don’t ever act otherwise.
    Full story
  • Unintended Consequences May Be Coming Your Way
    The nationally recognized body for setting accounting rules and standards, the American Institute of Certified Public Accountants (AICPA), issued a proposed change to the accounting standards for auditing of employee benefit funds.
    Full story
  • SMART’s New Prescription Benefit Manager: Can It Save You Money?
    As we all know, prescription drug benefits are one of the leading cost drivers for health plans. The International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART) negotiated a contract with a national prescription benefit manager (PBM) whose goal is to offer a prescription drug benefit plan that provides cost-effective prescription benefit services and cost-effective dispensing of prescription drugs as well as other covered products to local health funds.
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  • Who is Paying that Bill???
    It is sometimes in a trustee’s best interest to retain an attorney at the outset of an investigation by the Department of Labor (DOL) for possible violations of the Employee Retirement Income Security Act of 1974 (ERISA). If you find yourself in that situation, you’ll want to know that someone other than you is paying for your legal representation. You may mistakenly believe that the plan’s fiduciary insurer will pay for an attorney to represent you during a DOL investigation but that may not be the case.
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  • Apprenticeship EEO Regulations First Deadline Approaching – July 18th
    On Dec. 19, 2016, the Department of Labor (DOL) published a final rule updating the guidelines on how joint apprentice training committees (JATCs) must ensure equal employment opportunities in your apprenticeship programs.
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  • A Well-Run Benefit Fund Is Clear, Concise, and Careful
    Effective communication with plan participants is key to having a well-run benefit fund. Guidance on effective communication is abundant. In short, be clear, be concise, and be careful. Keep the following points in mind the next time your fund is putting together a participant mailing.
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  • Waiver of Recourse: Don’t Get Caught Holding the Bill
    ERISA trust funds are required by law to purchase a fidelity bond covering breaches of honesty by covered individuals. Fiduciary liability coverage on the other hand is not required by ERISA. Nonetheless, it is prudent, and considered a “must,” for trust funds to have this coverage. The article, “Insurance Protection for ERISA Funds: What New (and Even Veteran) Trustees Need to Know” is a good refresher on the types of insurance coverage needed by ERISA funds.
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  • Navigating the Slippery Slope: Testing Apprentices
    Recruiting and selecting an apprentice can be a challenging process and not just because of the difficulty in finding qualified candidates. When a local JATC selects apprentices for its program, it is treated as an employer. Its actions are therefore subject to numerous federal and state law limitations.
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  • Navigating the Slippery Slope: The Application and the Interview
    Recruitment and selection of an apprentice can be a challenging process and not just because of the difficulty in finding qualified candidates. When a local JATC selects apprentices for its program, it is treated as an employer. Its actions are therefore subject to numerous federal and state law limitations.
    Full story
  • Navigating the Slippery Slope to Selecting an Apprentice for Training
    Under the law, for all intents and purposes, when a local Joint Apprenticeship Training Committee (JATC) selects apprentices for its program, it is treated as an employer. Its actions are therefore subject to numerous federal and state law limitations.
    Full story

Frequently Requested


Upcoming Meetings & Events


2017 NJAB Dates

September 11, 2017
St. Louis, MO
Cut-off date: Tues, Aug 22, 2017
Submissions mailed between August 18 and August 22 must be sent via overnight mail service to the street address below.

Street Address:
NJAB
4201 Lafayette Center Drive
Chantilly, VA 20151-1209


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