Foundations & Trusts
Construction Legal Rights Foundation
The Construction Legal Rights Foundation
supports precedent-setting legal efforts aimed at preserving and advancing the merit construction principles. The Foundation has funded hundreds of cases in cooperation with ABC, ABC chapters and members. In addition, the Foundation funds issue advocacy campaigns which include, ABC National, chapter and member efforts to ensure fair and open competition for taxpayer funded construction projects. ABC staff are available to help members and chapters apply.
Trustees shall be appointed by the Chairman of Associated Builders and Contractors, Inc. (ABC), a trade association accorded section 501(c)(6) status by the Internal Revenue Service. Each Trustee shall hold office for a renewable term of three years and until a successor shall have been appointed by the Chairman of ABC and qualify. Each Trustee who chooses to serve beyond his/her three-year term may be re-appointed by the Chairman of ABC. The number of Trustees shall be twelve. A minimum of ten Trustees must be current contractor members in good standing with ABC, of which three members shall currently hold or have held positions on the ABC Board of Directors or a national committee of ABC.
ABC Insurance Trust
ABC Insurance Trustees set the overall policy and direction of the ABC Insurance Trust
program, meet with the insurance company representative to review plan design options, financial results of the program and act in the best interests of the plan participants.
Trustees are selected from participating employers in the plan.
ABC Services Corps (ABCSC)
ABCSC, a wholly owned for-profit subsidiary of ABC, serves as the publisher of Construction Executive
The Chairman of ABC National, with the consent of a majority of the members of the National Executive Committee, appoints a Secretary/Treasurer, two current members of the National Executive Committee and three members at-large to staggered three-year terms. The Association’s current Chapter Presidents’ Council chair appoints a chapter president to serve a three-year term in a non-voting capacity. The Association President serves ex officio.
Trimmer Construction Education FUND
's purpose is to raise funds in support of ABC's education and workforce development programs. The TCEF awards grants and scholarships for construction education, training and safety.
Members shall be appointed by the Chairman of ABC National.
Description: The Committee shall supervise the investment of the assets of the plan and make all decisions concerning selection and retention of the investment options available under the plan. Accordingly, the Committee shall have authority both to select and monitor funds and to appoint investment managers (see definition below). To assist with the process of fund evaluation and investment manager information, the Committee shall have the authority and responsibility both to select and monitor an investment advisor. Decisions of the Committee on investment policy, the selection of investments and/or investment managers, performance analysis and investment monitoring, etc., may but need not be based on the recommendations of an investment advisor engaged to advise the Committee on such matters.
An investment manager, as defined in ERISA, is a person/organization (i.e. Investment Management Company) qualified under ERISA, to whom the fiduciaries delegate responsibility for investing and managing plan assets in accordance with this investment policy statement and applicable law.
Eligibility: Chapter Presidents are on a rotation. The Executive Committee Chapter President liaison will serve on the committee for two years and the other nominated Chapter President on the committee for a four year commitment. This allows more continuity of knowledge for decisions.
Learn more about the Retirement Committee