Retirement Savings Plan Summary Plan Description
2.1 Board of Trustees is Plan Administrator
The Plan is administered by a Board of Trustees (Board) consisting of three individual trustees representing labor and three representing management (Trustees). The Union Trustees are selected by Local 6 and the Employer Trustees are selected by the Association. In addition, the Board includes up to four alternate Trustees (two for each side) who may vote only when a non-alternate Trustee is absent.
Any questions about the Plan and your benefits should be directed to the Plan Office at:
Board of Trustees
San Francisco Electrical Workers Retirement Savings Plan
720 Market Street, Suite 700
San Francisco, CA 94102-2509
The Board has many powers and functions including the power to adopt administrative rules, policies and procedures, interpret Plan documents, amend the Plan, decide policy questions, invest Plan assets and appoint advisors and consultants such as an auditor and investment managers.
Only the Board has full discretionary authority to determine eligibility and benefit amounts, decide benefit claims and appeals, make findings of fact and construe and interpret the Plan and related documents and any rule it adopts. No other person or entity can interpret the Plan.