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multiemployer pension and benefit plans

Multiemployer pension and benefit plans refer to employee pension and welfare plans involving more than one employer.

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multiemployer pension and benefit plans

Multiemployer pension and benefit plans refer to employee pension and welfare plans involving more than one employer.

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Multiemployer plans are most often set up by manufacturing firms within the same industry or governmental entities that draw their workforce from unions. From a fiduciary liability underwriting standpoint, additional risks are posed by multiemployer benefit plans compared with those generated by single-employer programs. Since multiemployer plans are usually larger and more complex than single-employer plans, claim frequency and claim severity tend to be higher, a fact reflected in higher premium rates for multiemployer plans.

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