Employee Benefits Administration since 1967
LTS, Inc. is a subsidiary of WPAS, Inc.
History of Labor Trust Services
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- Business Service Bureau (BSB)
Service bureaus were a thriving business in machine accounting, for businesses not willing or able to make the large investment in accounting machines and early computers. The Anchorage version was known as Business Service Bureau (BSB) and was located at the corner of 6th Avenue and Eagle Streets. BSB had a small department for administering Union benefit plans. The BSB had approximately 20 total employees.
- The BSB is sold.
Jerry Molenos, the company owner, sold BSB to an administration office in the Seattle area.
- In the summer of 1967, the BSB closed.
In the summer of 1967, the BSB closed.
- Labor Trust Services (LTS) is open.
September 13, 1967, Labor Trust Services (LTS) opened the doors for business. The office was located near 33rd Avenue and Old Seward Highway.
- LTS had engaged Welfare & Pension Service (WPAS) ...
1973, LTS had engaged Welfare & Pension Service (WPAS) to provide the data services so necessary to Trust administration. At the time, WPAS was owned by Washington State Labor Council and they eventually bought LTS, as well.
- LTS moves to new location
In the summer of 1973 LTS moved to a new building at 3380 C Street.
- LTS Office moved to a new location.
2011, LTS moved to a new building at 375 W. 36th Avenue, Suite 200, Anchorage, Alaska.