You will become a participant in the Plan on the date the first contribution or elective deferral is received by the Fund on your behalf.

You are always 100% vested in your account.

You are allowed to direct the investment of your contributions among the diversified options offered by the Plan. The Fund office automatically provides new participants with a packet of materials describing each of the investment options available and the procedures for selecting and changing investment funds. If you have lost these materials, you may request another information packet by calling or writing the Fund office. If you do not make an investment election, the Plan designates a “Default Investment” where your contributions will be invested.

When you retire, become disabled or cease working in covered employment for a specified period of time. For more details, please see your Summary Plan Description.

If you are ready to apply for your retirement benefits, please contact the Union Hall to schedule a time to review the application and learn more about how to apply. It’s important that you first apply for benefits in person by completing a form that is only available at the Union Hall. 

The only form of benefit available pursuant to this Plan is a lump-sum payment. Therefore, your Accrued Benefit will be paid to you as a single lump-sum payment. The lump-sum payment may be received directly by you, or it may be rolled over into an eligible retirement plan. For more information regarding rollovers please contact the Fund Office Steamfitters and Plumbers Local Union 464, Annuity Fund 3930 South 147th Street, Suite 100, Omaha, NE 68144, Phone (402) 401-2345, or Toll Free (855) 725-3551 or fax (402) 592-2352.

Benefits are payable once you have submitted a complete application along with all necessary documentation in accordance with the provisions of the Summary Plan Description. A payment is normally made within 15 days of receiving complete paperwork. 

No, the Plan does not allow you to borrow against your 401(k) plan.