Retirement Savings Plan Summary Plan Description
3.1 Eligibility and Commencement of Participation
As an Employee, you commence participation, and thus become a "Participant," when you work your first hour of service for which the Local 6 CBA or a Subscription Agreement requires a contribution to the Plan. In general, Employer contributions commence under the Local 6 CBA after an Employee completes one year as an apprentice. You are an "Employee" if you are an employee of an Employer who is performing work under either the Local 6 CBA or under a Subscription Agreement (which generally provides for coverage of employees of the Joint Apprenticeship Training Committee and Alumni Employees). An "Employer" is an employer required by the Local 6 CBA, or a Subscription Agreement, to make contributions to the Plan. A "Subscription Agreement" is a separate written agreement allowing an employer to fund the Plan for specified employees who are not covered by the CBA, including Alumni Employees. An "Alumni Employee" is a former Local 6 CBA bargaining unit employee performing services for Local 6, the JATC, or an Employer, that meet certain requirements under IRS regulations, provided they are not a professional or sole proprietor, or a partner of an unincorporated Employer.
Upon commencing participation, you will be asked to complete a form (available at the Local 6 office or the Plan Office) stating your address, social security number, beneficiary designation, birth date, investment preferences and other information necessary for administration of the Plan. Inform the Plan Office if you change your address so the Plan can communicate with you.