# Teamsters Local 251 Health Services and Insurance Plan

Teamsters Local 251 Health Services and Insurance Plan is a Pension Fund based in Providence, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Providence, United States
- **Region:** North America
- **Address:** 1201 Elmwood Avenue, Providence, RI 02907
- **Founded:** 1954
- **Assets under management:** Undisclosed
- **Website:** portal.issisystems.com
- **LinkedIn:** https://www.linkedin.com/company/teamsters-local-251-health-services-and-insurance-plan

## Regulatory record

- **Reports private funds:** No

## About

The Teamsters Local 251 Health Services and Insurance Plan operates out of a union hall at 1201 Elmwood Avenue in Providence, Rhode Island, as a multiemployer health and welfare fund. Chartered under the Taft-Hartley Act, it collects negotiated employer contributions and disburses them for medical, dental, vision, prescription-drug, and disability benefits. Matthew G. Taibi, who also serves as Secretary-Treasurer of Teamsters Local 251, and Tammy Beaudreault share responsibility for plan administration, overseeing claims processing, vendor relationships, and investment oversight. The plan's investment portfolio reflects standard Taft-Hartley prudence: a mix of investment-grade fixed-income, large-cap equities, and cash equivalents designed to meet near-term benefit obligations with minimal drawdown risk. Real estate represents a tangible asset on the balance sheet, with the fund holding its own administrative offices at 1201 Elmwood Avenue directly. The plan does not operate as a private-equity limited partner or venture investor; its capital is deployed almost entirely through liquid public-market instruments and direct real property. The geographic scope of both operations and investment remains concentrated in Rhode Island and southeastern New England, mirroring the local membership base of the sponsoring union local. Total assets available for benefits are not publicly disclosed, though Taft-Hartley health plans of similar mid-sized locals typically range from the tens of millions to low hundreds of millions of dollars in net position. The plan maintains close structural ties to two sister funds: the Teamsters Local 251 Staff 401(k) Plan, which handles retirement savings for union employees, and the Teamsters Local 251 Driving Training Fund, an educational trust that covers commercial driver training costs. The broader International Brotherhood of Teamsters provides an umbrella of industry association governance, but plan investment and benefit decisions remain with the local board of trustees, equally balanced between labor and management representatives. Structurally, a Taft-Hartley health fund operates under a distinct set of Department of Labor fiduciary rules that separate it from both corporate pension plans and single-family offices. Trustees must prioritize the best interests of participants and beneficiaries above all other considerations, creating a conservative investment posture that favors capital preservation over return maximization.

## Sectors

- Real Estate

## People

- Matthew G. Taibi — Co-Chairman and Fund Administrator
- Tammy Beaudreault — Fund Administrator

## Questions

### Is this plan a single-employer fund or a multiemployer plan?

The Teamsters Local 251 Health Services and Insurance Plan is a multiemployer Taft-Hartley fund. It pools contributions from multiple employers within the jurisdiction of Teamsters Local 251, primarily in Rhode Island and southeastern Massachusetts, creating a portable benefit structure that follows union members across contributing employers. This distinguishes it from single-sponsor corporate health plans.

### What is the plan's investment mandate?

The plan's investment mandate centers on capital preservation and liquidity, funding healthcare claims on a rolling basis with a modest reserve for adverse experience. Investments are tilted toward fixed-income and cash equivalents, with limited equity exposure and direct real property ownership. The plan does not pursue venture capital, private equity, or hedge fund allocations, reflecting the short-to-medium duration of its benefit liabilities.

### How is the plan related to Teamsters Local 251?

The plan is sponsored by Teamsters Local 251, a Providence-based union local affiliated with the International Brotherhood of Teamsters. While legally separate from the union, the plan shares leadership: Matthew G. Taibi serves as both Secretary-Treasurer of Local 251 and Co-Chairman and Fund Administrator of the health plan. Two related funds — a staff 401(k) plan and a driver training trust — sit under the same administrative umbrella.

## Related profiles

- [Teamsters Joint Council No. 83 of Virginia (TJC83)](https://altss.com/profile/teamsters-joint-council-no-83-of-virginia-tjc83)
- [Teamsters Local 2727 Retiree Medical Benefits Trust](https://altss.com/profile/teamsters-local-2727-retiree-medical-benefits-trust)

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Last updated: 2026-08-11T02:43:31.692Z

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