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Plumbers & Steamfitters Local Union 52 Defined Contribution Pension Plan
Effective January 1, 2010, the pension contribution rate is $5.00 per hour.
Please review the Questions & Answers and Enrollment documents listed to the right for additional information.
You may access your account (make investment changes, check your balance, print statements) by contacting Daily Access Corporation at 1-800-217-2440 automated voice response, 1-888-307-4015 service representative, or www.dailyaccess.com (click on participant tab).
Local 52 Pension Plan Office
PO Box 211105
Montgomery, AL 36121-1105
334-272-0240 ext. 4
Contact: Kay Pinckard
For information related to the National Pension Fund, please contact the fund office at 1-800-638-7442. The current national pension fund rate is $1.25 per hour.
The Million Dollar Question: How Do I Invest My Retirement Savings?
Trying to choose the investment options that are right for you may seem difficult. That’s why the Plan has retained the services of a registered investment consultant to assist you in making crucial investment decisions.
Please contact Greg Fiore at 1-404-781-1700 ext. 223, for assistance with investment and retirement options.
Pension Enrollment Information
Enrollment Information
A defined contribution pension plan is a valuable benefit program. By offering this plan, Local 52 is making a commitment to help you plan for your future.
Here’s how it works: An account is established in your name, exclusively for your benefit. Employers then make contributions to the Plan on your behalf. As a participant of the Plan, you will have 100% vested interest in your account.
It’s flexible, to meet your needs. You determine how the contributions are invested and you can change your investment choices any business day.
There are big tax advantages. Unlike interest earnings on a regular savings account, which are taxed annually, your investment earnings continue to grow without an annual tax bite until you withdraw your money. This is called tax-deferred compounding and over time, it can make a big difference in the amount of money you accumulate for retirement. So you can consider the contributions made to your account as a tax-deferred bonus.
The Million Dollar Question: How Do I Invest My Retirement Savings? Trying to choose the investment options that are right for you may seem difficult. That’s why the Plan has retained the services of a registered investment consultant to assist you in making crucial investment decisions. You may contact Greg Fiore at 1-404-781-1700 ext. 223, for assistance with investment and retirement options.
What happens if I do not submit investment selections? If you do not provide investment selections, any contributions made to your account will automatically be invested into a default account selected by the Plan Trustees. This is typically the most conservative investment option in the Plan, like a money market mutual fund, stable value investment option or an age based investment. Please contact the Plan Consultant for more information about the plan’s default option.
How can I change the investment elections for my account? You are permitted to change the asset allocation of your existing account balances and/or the investment election for future contributions at anytime. If you wish to change both the asset allocation for your existing account balance and change the investment directions for future contributions, separate requests must be submitted. Here’s how:
1. Call DailyAccess Corporation’s interactive voice response service at 1-800-217-2240 and enter your changes over the telephone. This service is available 24 hours a day, 7 days a week.
2. Enter your changes via DailyAccess’ secured internet website:
www.dailyaccess.com and click on the participant access tab. This service is available 24 hours a day, 7 days a week. You must register. Your user name is your social security number, without any slashes, dashes or spaces (ex: 123456789). Your password will be the first four characters of your last name, using the shift key instead of caps lock to capitalize all letters, immediately followed by your entire social security number (ex: SMIT123456789). Follow the directions. You will have limited access upon registering. A new password and confirmation will be sent to you by mail.
3. Submit your changes to a Participant Services Representative. Please dial 1-888-307-4015. Participant Service Representatives are available from 7:00 am to 7:00 pm CST, Monday-Friday.
How can I get information about the Funds in the Plan? You can obtain fund profiles and prospectuses via the DailyAccess website or by contacting customer service.
Contact Information:
Web: www.dailyaccess.com
Phone: 1-888-307-4015
Email:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
For other questions related to the Plan, please see the Summary Plan Description or call 334-272-0240.
The Plan is intended to be an ERISA Section 404(c) plan. This simply means that you “exercise control” over some or all of the investments in your Plan account. The fiduciaries of the Plan may be relieved of liability, or responsibility, for any losses that you may experience as a direct result of your investment decisions.
DailyAccess Information
Check out the following helpful articles from DailyAccess. The documents are listed to the right under document manager.
DailyAccess OnTrack - "Investment Strategies"
DailyAccess- "Frequently Asked Questions"
DailyAccess - "How to Read your Statement" |
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- Union Meeting
September 11, 2010 (09:00)
(Default) (General)
Regular Union Meeting, held 2nd Saturday of each month at 9:00 a.m.
5563 Wares Ferry Rd, Montgomery, AL
- Union Meeting
October 09, 2010 (09:00)
(Default) (General)
Regular Union Meeting, held 2nd Saturday of each month at 9:00 a.m.
5563 Wares Ferry Rd, Montgomery, AL
- Union Meeting
November 13, 2010 (09:00)
(Default) (General)
Regular Union Meeting, held 2nd Saturday of each month at 9:00 a.m.
5563 Wares Ferry Rd, Montgomery, AL
- Union Meeting
December 11, 2010 (09:00)
(Default) (General)
Regular Union Meeting, held 2nd Saturday of each month at 9:00 a.m.
5563 Wares Ferry Rd, Montgomery, AL
- Union Meeting
January 08, 2011 (09:00)
(Default) (General)
Regular Union Meeting, held 2nd Saturday of each month at 9:00 a.m.
5563 Wares Ferry Rd, Montgomery, AL
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