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QUALIFIED SAVINGS PLAN TRUST
The Qualified Savings Plan Trust is a supplemental retirement fund for
members working in Local 841.
Contractors pay in at a specified rate on hours worked
by the members and the money is then invested. The
objective of instituting this Fund was to provide an additional retirement
benefit for members.
The Fund is administered locally and is governed by a
Board of Trustees with equal representation from the employer and employee sides. When members
become eligible for withdrawing their accounts, they have the option of taking a
lump sum or rolling the funds into their own individual retirement accounts. The Local
Union is trying very hard to ensure that the members are able to enjoy
retirement and maintain a decent standard of living without worry about their retirement income.
LINKS:
For general information about the Qualified Savings Plan,
click here:
Qualified
Savings Plan Frequently Asked Questions (FAQs).
For further information about the Plan, see the Summary
Plan Description (SPD) and Summary Material Modifications (changes and/or
additions to Plan information) by
clicking here:
For contact information for the Qualified Savings Plan
Fund staff, click here:
How Can I Contact the Qualified Savings Plan Office?
For an
Application for Benefits form you can fill and print, and to
review special tax notices regarding benefit payments, click here:
Application for Benefits (PDF)
The
Qualified Savings Plan Fund
needs your
help. To see a list of Participants
that the Fund is trying to find, click here:
Do You
Know These People?
Employers - An Excel
spreadsheet version of the Employer Contribution and Deduction report may be
downloaded to report hours and contributions for Local 841 working dues, PAC,
Qualified Savings and Apprenticeship & Training.
To download, use the Union Resources link in the blue menu to the
left.
(Note:
Employers who prefer to use the multiple-copy paper
forms should contact the Union Hall at (812) 299-1177 for additional forms.)
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