CHAPTER 33Multiemployer Plans
As the name suggests, a multiemployer plan is an employee benefit plan to which two or more unrelated companies contribute in accordance with a collective bargaining agreement (CBA) between them and one or more labor organizations. These types of plans are also commonly called “Taft-Hartley” plans. Multiemployer plans make it possible for small employers and large employers alike to come together and use their group purchasing power to offer their workers affordable benefits on a group basis, which enables them to remain competitive with other employers in their industry. Moreover, multiemployer plans permit portability of benefits across many employers. This makes it possible for workers who ...
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