The Defined Contribution/401(k) Plan is administered by a Board of Trustees made up equally of representatives of the Union and the Employers. The actions of the Board of Trustees are ruled by the Agreement and Declaration of Trust. This provides that all money paid into the Trust Fund can be used only for the purpose of providing benefits in accordance with the Rules and Regulations for Participants and beneficiaries, and paying expenses incurred in the operation of the Trust Fund. The Board of Trustees has contracted with John Hancock to handle the day-to-day recordkeeping of the Plan, including processing applications, distributions, and requests for information. The Trust Fund Office (BeneSys) is still available to answer questions and handle applications.

The Plan provides benefits only to participants of contributing employers. Owner-operators, partners, independent contractors or self-employed individuals are not eligible for benefits under the Plan unless they are an Alumni to the Fund.

Yes. You or your beneficiary have the right to appeal to the Board of Trustees if you are denied a benefit or disagree with the type or amount of benefit you receive. You must do so within 60 days (180 days for Disability claims) after you receive notice of the Board’s decision. Please refer to pages 13 to 16 of the Defined Contribution/401(k) Booklet for details on the Plan’s claims and appeals procedures.

No. Assignment of benefits is prohibited under the Plan. However, the Plan is required by law to pay benefits in accordance with a Qualified Domestic Relations Order.

No. The benefits under this Plan are in addition to benefits paid under Social Security.

The money in your Individual Account is not considered taxable income until you actually receive it. When you do receive the money in your Account you will receive a 1099R from the Administrative Office, it must be reported as taxable income.

No. Retirement under this Plan is voluntary. However, the distribution of your benefit must begin no later than April 1 of the year immediately following the calendar year in which you reach age 70½ or retire from covered employment, whichever is later.

Your benefit may be taxed as ordinary income, depending on the way you choose to receive payment. If your Plan benefit is paid as a lump sum or in installment payments, federal law requires 20% withholding for federal income tax on those payments, unless you elect to rollover payment to another tax-qualified pension plan or an Individual Retirement Account (IRA). You should discuss your particular circumstances with a competent tax advisor. Neither the Board of Trustees nor the Administrative Office may give tax advice.

Yes. If you have been a Plan participant for at least two years and require a partial distribution to meet an immediate and heavy financial need (either your home is in imminent foreclosure or you owe at least $5,000 in non-reimbursable Medical expenses), as defined by the Plan, you may withdraw no more than 25% of your Individual Account per calendar year. Refer to your Defined Contribution/401(k) Booklet or contact the Administrative Office for more information.

You may withdraw your contributions at retirement, total disability or termination of active participation (which occurs when no contributions are made on your behalf for a period of thirty-six (36) consecutive months) or death. You do not pay federal or state income taxes on your contribution amounts until you actually receive them.

Reciprocity is an arrangement among UA benefit plans around the country that allows for your benefits to be sent back to and credited to your home local’s plans. When you are working out of the state of Arizona for an employer which is obligated to make contributions to related UA benefit plans, your pension and health contributions will be sent back to your home plan (either your home local or your home benefit plan). You will be given credit for those contributions under the formula established by the trustees. Please check with the Administrative Office for details.

No. The Defined Contribution Plan provides an option by which you can make voluntary wage deferrals in addition to the contributions made by your employer.

You may contribute $0.50, $1.00, $1.50, $2.00, $2.50, $3.00, $4.00, $5.00, $6.00 or $7.00 per hour from your wages.

No. Your contributions are voluntary.

Yes.

You may withdraw your contributions at retirement, under the same terms as Employer contributions made on your behalf. You do not pay federal or state income taxes on your contribution amounts until you actually receive them.