Several trends in risk management emerged in the 1950's with a profound effect on the construction industry. Self-insured health and retirement programs were established locally by contractors and their counterpart unions to safeguard the families of tradesmen. In 1956, the first such program was initiated through the vision of three NIBCA contractors: Roy Fridh (John Fridh & Sons), Fred Shappert (Shappert Engineering) and Bengt Sjostrom (Sjostrom & Sons). Called the Construction Industry Funds, this collectively bargained, small advance grew through the decades to include more trades and expanded coverage.