Retirement Savings Plan Summary Plan Description

Letter to Participants

January 2015

Dear Participant:

We are pleased to provide this updated Summary Plan Description of the San Francisco Electrical Workers Retirement Savings Plan. The Plan covers members of IBEW Local 6 who work in Covered Employment under a collective bargaining agreement that requires employer contributions to the Plan. Along with other pension benefits you have earned, the Plan is designed to provide additional retirement resources for you and your family upon retirement.

This booklet summarizes the Plan's terms, and is intended only to highlight the Plan's key features. The formal text of the Plan is contained in the Plan document, which controls eligibility, benefit payments, participation, administration and other aspects of your benefits. Any ambiguity or conflict between this booklet and the Plan will be governed by the Plan document, not this booklet.

The Plan was converted to a profit sharing plan as of January 1, 2007, from the predecessor Northern California Electrical Workers Money Purchase Pension Plan so as to accommodate member 401(k) contributions. This booklet encompasses all amendments through December 31, 2014.

In addition to the Plan document, a separate Trust Agreement has been entered into between IBEW Local 6 and the San Francisco Electrical Contractors Association setting forth the duties of the Trustees, among other provisions.

Please read this booklet carefully. If you are married, you may want to discuss this booklet's contents with your spouse. You should keep this booklet for future reference, along with any announced changes to the Plan, at least until the next version of this booklet is distributed.

If you have any questions about the Plan or desire additional information, please contact the Plan Office.

Board of Trustees