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Get to know toronto electrical industry benefits administrative services (teibas)

Established to serve the members of IBEW Local 353, Toronto Electrical Industry Benefits Administrative Services (TEIBAS) is a non-profit administrator for a range of benefit plans. The organization manages and provides services for the Health & Welfare Plan, Pension Plan, Supplementary Unemployment Benefit Plan, and various other funds on behalf of the union members and their families. TEIBAS operates under a board of trustees with equal representation from the union and employers, ensuring the plans are managed in the best interest of the beneficiaries.

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toronto electrical industry benefits administrative services (teibas)

Canada

Founded in

1989 (37 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.