OLDC-Ohio Contractors' Association Insurance Fund

Contribution rates are determined through collective bargaining agreements between the Ohio Laborers' District Council and participating employers represented by the Ohio Contractors Association. Rates are set as a fixed dollar amount per hour worked by covered laborers. These agreements are renegotiated on multi-year cycles, typically tied to state prevailing wage determinations for heavy highway and utility construction projects.

No. As a self-insured health and welfare trust, the fund holds reserves solely to pay current and future benefit claims. Any surplus beyond required reserves is typically used to enhance benefits or reduce future contribution requirements, not deployed into investment portfolios. There is no evidence of any allocation to equities, fixed income, private equity, or real estate beyond the building that houses its Westerville office.

Governance follows the Taft-Hartley model with an equal number of labor and management trustees. Labor trustees are appointed by the Ohio Laborers' District Council (LIUNA). Management trustees include Joseph Igel of George J. Igel & Company, Inc. and Andy Leffler of Shelly and Sands, Inc. Trustees jointly approve benefit plans, select service providers, and oversee the fund's actuarial soundness.

No, though they are sister funds sharing overlapping trusteeship and administration. The Insurance Fund provides health and welfare benefits; the LDC&C Pension Fund of Ohio provides defined-benefit pension payments to the same or similar pool of union laborers. They are legally distinct trusts with separate assets and obligations.

The fund provides health insurance, dental, vision, and short-term disability coverage to eligible union laborers and their dependents. Benefit eligibility is typically based on hours worked across contributing employers. The plan is self-funded, meaning the trust pays claims directly rather than purchasing a fully insured group policy, with a stop-loss layer to protect against catastrophic claims.