Central States Funds Pay & Benefits | Glassdoor

Central States Funds Overview

Work Here? Get a Free Employer Account
Rosemont, IL
501 to 1000 employees
1950
Nonprofit Organization
Insurance
$10 to $25 million (USD) per year
Unknown
Central States Health & Welfare and Pension Funds are two of the largest nonprofit multi-employer trust funds in the country administrating health and pension benefits to Teamster members and participants.

Mission: We, as a unified team, are committed to providing exceptional service for our participants, local unions, and employers, while remaining a family-oriented organization. Every day, each of us must recognize the responsibility we have been given to provide benefits, and we strive ... Read more

Central States Funds Reviews

3.8
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
(no image)
Thomas Nyhan
12 Ratings
  • "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Rosemont, IL
    Current Employee - Anonymous Employee in Rosemont, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Central States Funds full-time (More than 10 years)

    Pros

    There are really too many Pros to list - and you can really tell this by the longevity of most of the employees. Many, many employees have been here for 30+ years.

    Health insurance benefits are exceptional.
    401(k) - Could use improvement on the matching front - but there is also a pension plan (see Cons).
    Flexible working hours - and for Union Employees (teamsters) 35 hour work week.
    Lunch allowance and on-site cafeteria.
    Covered - garage parking.
    Nice people

    Cons

    Very few cons but one is the fear that the Pension Fund will not survive. Central States Funds is divided into two entities, TeamCare - the Health and Welfare Fund (Health Insurance) and Central States Pension Fund. These were started as the Health and Welfare and Pension Funds for the Teamsters Union in the central region of the United States, it has been around since the 1950s. TeamCare (the health insurance portion) is doing extremely well. However, the Pension Fund - which is a multi-employer defined contribution plan is suffering the fate of many other pension funds within this country. I have no worries for the immediate future, but unless federal legislation is passed and or changed, like many other pension funds, it may not survive. The Executive Director, his staff and the Board of Trustees are doing everything that they can to try to remedy this situation - but it is an uphill battle.

    If you want a great place to work - even with these "Cons" I would still highly recommend working for Central States Funds.

    Advice to Management

    Management keep trying to make changes - what has been implemented so far has helped - Keep working at everything.

See All 28 Reviews

Central States Funds Interviews

Experience

Experience
53%
23%
23%

Getting an Interview

Getting an Interview
66%
16%
16%

Difficulty

2.4
Average

Difficulty

Hard
Average
Easy
  1.  

    Manager Interview

    Anonymous Interview Candidate in Rosemont, IL
    Declined Offer
    Negative Experience
    Average Interview

    Application

    I applied online. I interviewed at Central States Funds (Rosemont, IL).

    Interview

    One word, Terrible. Most unprofessional interview I've ever experienced. There are two portions, a test portion and then in-person interview. The HR person who instructs you is delightful and the electronic test portion are fairly easy. Then begins the in-person interview. There were two managers. One was either extremely sleepy or drugged as they could barely open their eyes. The other besides the initial introduction stared silently with no input or questions. The main interviewer made it seem as if it were a bother to be giving an interview at all and I had the distinct impression they were uninterested in being there. As interviews are usually conducted for the purpose of giving an idea of the company environment, even if I am offered a position I will likely decline as that first impression discouraged me from seeing the company as one I would want to work for.

    Interview Questions

    • Tell me about a time you've had a disagreement with a co-worker and how you handled it.   Answer Question
See All 13 Interviews

Central States Funds Awards & Accolades

Let us know if we're missing any workplace or industry recognition – Add Awards

Central States Funds Locations

Work at Central States Funds? Share Your Experiences

Central States Funds
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or