Metal Lathers Trust Fund-46

Metallic Lathers and Reinforcing Ironworkers Local 46 THE PLAN PROVIDES HEALTH BENEFITS TO ELIGIBLE PARTICIPANTS. BENEFITS INCLUDE HOSPITALIZATION, DENTAL, LIFE INSURANCE AND DISABILITY INSURANCE.

Metal Lathers Trust Fund 46
Overview

Metal Lathers Trust Fund 46 is a U.S. nonprofit organization classified as a 501(c)(9) Voluntary Employees' Beneficiary Association (VEBA). This type of organization provides benefits for life, sickness, accidents, or other causes to its members. It is not eligible for tax-deductible donations.

Financial Structure

As of the fiscal year ending in 2020, the fund reported significant financial activities:

  • Revenue Sources:
    • Program Services constituted 97.4% of total revenue, amounting to $29,831,652.
    • Investment Income contributed 1.0%, totaling $298,308.
    • Sales of Assets accounted for 1.5%, with $468,095.
  • Expenses:
    • Executive Compensation and Other Salaries/Wages together accounted for about 1% of total expenses.
  • Assets and Liabilities:
    • Total Assets were valued at $30,564,165.
    • Total Liabilities stood at $1,005,312.
Benefits Provided

The fund provides health benefits, including hospitalization, dental, life insurance, and disability insurance, to eligible participants. These benefits are part of a comprehensive package for members, typically received through employment with related unions or organizations.

Organization Structure

The fund is managed by a team of administrators and trustees responsible for overseeing its operations and ensuring the provision of benefits to members. Key personnel positions include fund administrators and trustees who are integral to the governance and operational functions of the organization.

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Founded

1946

Facebook

511

X (Twitter)

783

Address

WOODSIDE

Address: 62-02 32nd Avenue, WOODSIDEWeb: ml46.orgFacebook: The-Official-Metallic-Lathers-and-Reinforcing-Ironworkers-Local-46-224183270966391X (Twitter): local46mlEmployees: 5Revenue: 29022085ICO: 131598182

Iron Workers Local 46 Metallic Lathers 212 7370500 Metallic Lathers and Reinforcing Ironworkers Local 46 The officers and members of Local 46 and Lathers take pride in providing our employers with a highly skilled well trained and drug free workforce. Apprenticeship and Journeyman Training Skilled Ironworkers are developed not born. The skill of the all around Journeyman Ironworker is not acquired by a few months on the job or merely by being in a place where the different job operations are being performed. Contractors Need a contractor.

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1. How can the Metal Lathers Trust Fund enhance its training programs to better prepare apprentices for the evolving demands of the construction industry?

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Brooklyn Simmons
Brooklyn Simmons

2 days ago

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2. What strategies can be implemented to attract more young individuals to consider a career in ironworking and apprenticeship programs offered by Local 46?

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Brooklyn Simmons
Brooklyn Simmons

2 days ago

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Great to see Local 46 committed to training the next generation of skilled Ironworkers! Investing in our workforce is investing in our community! 💪 #ProudToBeIronworker

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Kudos to the Metallic Lathers Trust Fund for prioritizing safety and skill development! Together, we can build a stronger future, one ironworker at a time! 🔧🛠️ #IronworkersStrong

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