Information

Overview Of The 401(k) Plan

Joining The 401(k) Plan

Who is eligible to participate in the 401(k) Plan?

You are eligible to participate in the Plan if you work as a Journeyman Plumber or as a 4th or 5th year Apprentice for a Contributing Contractor.

When can I begin to participate in the 401(k) Plan?

Eligible individuals may elect to participate at the following times:

Any time you begin employment with a new contractor
During the month of December, effective January 1st of each year
As of the 1st of any calendar month with consent of your contractor

Enrolling in the 401(k) Plan

If you are interested in enrolling in the 401(k) Plan, you must complete the following steps:

Contact MassMutual to receive an enrollment package.
Contact your contractor to receive and complete a Pay Deferral Election form. Your contractor cannot withhold money from your pay for your 401(k) Plan account until the contractor receives the completed form.

Call MassMutual at 1-800-743-5274. Enter your Social Security Number and follow the step for a lost PIN number to reach a customer service representative.

Important Note: Please remember you MUST complete a Pay Deferral Election Form each time you begin working for a new contractor.

Contributions

How much can I contribute to the 401(k) Plan?

You may direct a minimum of $1.50 hourly ($1.00 for 4th & 5th year Apprentices) to the 401(k) Plan. The contribution amount to the 401(k) Plan is a pre-tax contribution.

You may make additional 401(k) contributions in fifty cent increments of your hourly wage up to a maximum total contributions of $10.00 per hour, not to exceed the current contribution limits allowed by law. Your 401(k) contributions reduce your taxable income in the year they are made and your account grows tax free until withdrawn upon retirement.

Investment And Risk

See INVESTMENT Options. Carefully consider the objectives and risks of each investment option before investing. The fact sheets and applicable prospectus contain this and other information about the investments. Review them carefully before investing.

Account Management

How often are account balances calculated?

The Investment options and your account balance will be valued on a daily basis.

When will I receive statements of my account?

You will receive quarterly statements detailing all contributions, investment returns and (if applicable) transfers and distributions that occurred during the quarter.

Distributions

When can I withdraw my money from the 401(k) Plan?

You may apply for a lump sum distribution or rollover of your account balance at the following times:

when you retire at or after age 60
if you have not worked for a contributing contractor for 24 consecutive months
if you are over 59 1/2 years of age, even if you are still employed with a contributing contractor
if you terminate your employment due to total and permanent disability

What happens to my account if I die?

In the event of your death, your account balance will be paid to your designated beneficiary or beneficiaries. When you enroll in the 401(k) Plan you are asked to complete a beneficiary form. If you are married, your spouse is automatically your beneficiary, but this may be changed if both you and your spouse elect otherwise.

Copies of Plan

Copies of the Summary Plan Description (SPD) are available by contacting the Fund Office.

For a copy of the prospectus and fact sheets, please log on to “The Journey” at www.massmutual.com/retire/.

Important Note: This is an outline of the principal plan provisions of the Plumbers’ 401(k) Plan and it is not intended to completely describe the Plan provisions. In the event of any discrepancy between this outline and the Plan, the Plan Document shall govern. For further information, please review your Summary Plan Description or contact the 401k Fund Office .