You are eligible to participate in the Plan if a Collective Bargaining Agreement (“CBA”) or Participation Agreement provides for you to participate in the Plan. The CBA or Participation agreement would be between an individual Employer or the Construction Contractors Council -- AGC Labor, Division Inc. and the Baltimore-Washington Construction and Public Employees, Laborers’ District Council of Washington, D.C. and Vicinity (the “Union”) or any of its affiliated local unions.

January-December

Enrollment in the Plan is automatic. However, you should complete an enrollment form to ensure that the Plan Administrator has your correct address and contact information, and so that you can designate your beneficiary.

You are always 100% vested in your account under the Plan.

You may withdraw all of the funds from your account when you terminate employment or become totally disabled, subject to the restrictions discussed below. While you are still employed, you may make withdrawals under the following circumstances: 

• You may withdraw all or any portion of your account after you reach age 59½.
• You may withdraw all or any portion of your rollover account at any time.
• You may be able to withdraw some or all of your account if you incur a financial hardship.

No, there are no loans.

The Trustees will decide how the trust fund is invested, and your account will be a share of the trust fund. Accordingly, your account will increase or decrease in value as the trust fund increases and decreases in value. The Trustees may select stocks, bonds, mutual funds, pooled funds, or any other appropriate investments for the trust fund. Because the Plan is a long-term retirement savings plan, it may not be prudent to invest the fund in risk-free investments because they tend not to produce an appropriate opportunity for a rate of return over the long term. So, the value of your account will probably fluctuate over time. While it is hoped that the investments of the fund will do well over time, there are no guarantees as to any rate of return on investments, and it is possible for the investments to lose value.

Under the Plan, if you die and you have an account balance, it will be distributed to your beneficiary. If you are married, your spouse is automatically your beneficiary.

You should complete an enrollment form to ensure that the Plan Administrator has your correct address and contact information, and so that you can designate your beneficiary.

If you are divorced AFTER you have retired, your annuity will not change unless directed by a Qualified Domestic Relations Order (QDRO). If you are divorced PRIOR TO retiring, what happens to your annuity will be dependent upon your divorce decree and any subsequent QDROs received. You should consult your attorney for a detailed explanation. 

You can obtain information about your account by calling the Fund Office at (866) 553-6559.