TFBC works exclusively with Taft-Hartley Health & Welfare Funds providing a comprehensive approach that provides measurable results leveraging our portfolio of experienced employees and proven processes. Our consultants have nearly a century of combined experience servicing Welfare Funds like yours. Our team approach provides continuity to the Trustees.
TFBC has always had one clear vision – helping the Trustees’ of Taft-Hartley Health and Welfare Plans provide benefits to their employees at a reasonable cost. Regardless of the Welfare Fund’s financial condition we bring a forward thinking strategy building a blueprint to success with a focus on preserving the financial condition of the Health and Welfare Fund.
TFBC uses a team approach to collaborate with the Trustees to understand your priorities and develop a benefit plan that runs smoothly and efficiently. Our team approach brings together the people and resources that are best for accomplishing your objectives. Our team approach is not just internal, we understand the need to work with other Fund professionals (attorney, accountants, administrators, vendors) is an integral part of achieving the goals of any Health and Welfare Fund.
TBFC coordinates and manages all of the Fund’s vendors (e.g. PPO, PBMs, Dental, Vision, Insurance, etc.) to meet the Trustee’s expectations. When we encounter concerns, we recommend changes and monitor the outcomes. We do it all with an in-depth understanding of your plan so that the Trustees get the right information at the right time to make the decisions.
TFBC offers competitive and flexible fees, along with customized reports to suit each clients need. Our typical arrangement is an annual retainer with hourly fees or project bill for special consulting services. Our fee is our only means of compensation, we do not accept commissions that could interfere with making a recommendation to the Trustees.
TFBC is synonymous with performance and reliability. We provide you with benchmarks and metrics to keep you informed regarding your plan’s performance relative to other welfare funds.
Our results-oriented approach provides administrative improvement along with technology improvement. We don’t consider it to be a job well done until the recommendations we have provided and you have implemented are running smoothly and to your satisfaction.