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Filing year 2023

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 138 WELFARE FUND

Farmingdale, New York·EIN 11-1628170·9
Total revenue
$48.2M
Total assets
$33.1M
Total expenses
$47.4M
Reported officers
16
Mission

THE PRIMARY PURPOSE OF THE PLAN IS TO PROVIDE MEDICAL, DEATH, OPTICAL, DENTAL, VACATION AND UNEMPLOYMENT BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Executive compensation

Form 990 · Schedule J · 13 reported individuals · Filing year 2023

Claims Admin
highest compensated employee
$139k
$156k
Bookkeeper
highest compensated employee
$135k
$152k
Chairman/administrator
officer (unspecified)
$97k
$109k
Trustee
board member
$96k
$108k
Trustee
board member
$96k
$108k
Trustee
board member
$96k
$108k
Trustee
board member
$96k
$108k
Organizer
highest compensated employee
$86k
$97k
Trustee
board member
$81k
$91k
Apprentice Director
board member
$78k
$88k
Plan Administrator
officer (unspecified)
$72k
$81k
Annuity Admin
highest compensated employee
$58k
$66k
Instructor
highest compensated employee
$32k
$35k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Held steady
from 2022

From $138k in 2022 to $139k in 2023.

$138k
2022
$139k
2023
In today's dollarsEst.
Down 3% in real terms$161k to $156k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 138 WELFARE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$47.2M
$45.9M
2022
$48.2M
$47.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
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