Identify the Plan

The full, official name of the Plan is "The Steamfitters’ Industry Supplemental Retirement Plan," but many participants simply refer to it as the "DC Plan."

Name, Address and Telephone Number of the Board of Trustees, the Plan Sponsor and Plan Administrator:

Board of Trustees The Steamfitters’ Industry Supplemental Retirement Fund 27-08 40th Ave 2nd Floor, Long Island City, NY 11101-3725 (212) 465-8888

The Trustees are: Michael Russo, Anthony Saporito, Robert J. Bartels, Jr., Brian Hunt, Brian Kearney, Jr. and Peter C. Vrankovic. 

Employer Identification Number of the Board of Trustees:

13-3917806

Plan Number:

001

Plan Type:

The Plan is a defined contribution plan of the profit sharing type, although employers are not required to have current or accumulated profits in order to contribute to the Plan.

Plan Year Ends:

December 31

Type of Administration:

Trustee Administration

The Plan provides for investment at the direction of the participant in several of the mutual funds sponsored by outside funds including John Hancock. As part of that arrangement, John Hancock Trust Company acts as custodian of the Plan assets. Its address is John Hancock Retirement Plan Services, The Steamfitters’ Industry Supplemental Retirement Plan, 690 Canton Street, Westwood, MA 0290. Its telephone number is (833) 388-6466 or 833-38-UNION.

The Trustees have appointed John Hancock Trust Company to provide information regarding the investment options available under the Plan, to effect brokerage transactions and educate employees about their investment options.

Agent for Service of Legal Process:

William J. Turnbull, Executive Administrator

The Steamfitters’ Industry Supplemental Retirement Plan
27-08 40th Ave, 2nd Floor 
Long Island City, New York 11101-3725 
(212)465-8888

Service of Legal Process may also be made on any of the Trustees.

Collective Bargaining Agreement:

The Fund is maintained pursuant to collective bargaining agreements between the Enterprise Association of Steam, Hot Water, Hydraulic, Sprinkler, Pneumatic Tube, Compressed Air, Ice Machine, Air Conditioning and General Pipe Fitters of New York and Vicinity, Local Union 638 and the Mechanical Contractors Association of New York, Inc. and other employers. Copies of these agreements may be obtained upon written request to the Fund Executive Administrator and may be examined at the Fund Office or Union Office. The Fund will provide information as to whether a particular employer is a contributing employer and, if it is, its address, if a written request for this information is made to the Fund Executive Administrator.

Source of Financing:

The Fund is financed by contributions received from employers who employ steamfitters covered by a collective bargaining agreement, or other agreement, with Enterprise Association of Steamfitters’ Local Union 638. The amount of this contribution is determined by the agreement.

Plan assets are held by John Hancock Trust Company and invested under the direction of the individual participant.

Management of Assets:

Generally, responsibility for the management of plan assets rests with the Plan trustees. However, the Plan allows participants to direct the investment of their account balances in a variety of mutual funds. While this arrangement allows participants to formulate and implement their own investment philosophy, it is also intended to relieve the Plan trustees of responsibility for the direct consequences of the participants’ investment decisions under ERISA § 404(c).

ERISA Classification:

Under the Employee Retirement Income Security Act of 1974, the Plan is classified as a profit sharing plan. Because it is a defined contribution plan, the benefits it provides are not insured by the Pension Benefit Guaranty Corporation.

Plan Expenses:

Any Plan expenses relating to the maintenance and record keeping for the participant’s account will be paid from his account. Plan expenses directly connected to the purchase of an investment for each participant’s account will be paid from the individual participant’s account. The general expenses of the Plan will be paid from the Plan by allocating them among participants in proportion to their account balances.

Plan Text:

This booklet summarizes the provisions of the Supplemental Retirement Plan Document. In the event of any actual or perceived conflict between the Plan text and this booklet, the Plan text will prevail.