Back

The Sheet Metal Workers’ International Association Local Union No. 73 Annuity Trust Fund (the Annuity Plan or Plan) is designed to supplement your other retirement benefits. The Annuity Plan can also provide you with an additional source of income during retirement.

When you become a participant in the Annuity Plan, an “individual annuity account” is established in your name. Employer contributions are made on your behalf to your individual annuity account. You are always 100% vested in, or entitled to, the money in your account. Your account balance includes employer contributions made on your behalf and earnings and/or losses. The expenses of operating the Annuity Plan are subtracted from the individual accounts.

Since your investment needs are unique, you choose how to invest the employer contributions made to the Annuity Plan on your behalf.

Since your investment needs are unique, you choose how to invest the employer contributions made to the Annuity Plan on your behalf. With some investment knowledge and the flexibility to choose among the Annuity Plan investment options – offered through Fidelity Investments – you can help build the retirement nest egg you’ll need.

Please take some time to review this booklet. This Summary Plan Description (SPD) booklet describes the Plan as of February 1, 2012 and supersedes any prior materials. If you’re married, share the information in this booklet with your spouse. Contact the Fund Office at (708) 449-7373 or Fidelity Retirement Services Specialists at 1-866-84UNION (1-866-848-6466) or www.fidelity/atwork.com if you have any questions about your benefits.

Nothing in this booklet is meant to interpret or change in any way the provisions expressed in the Plan Document. If there is a discrepancy between the wording in this Summary Plan Description and the Plan Document, the Plan Document will govern. Only the full Board of Trustees has the discretion and authority to interpret the Plan described in this booklet. No Employer, Union or any representative of any Employer or Union, in such capacity, is authorized to interpret the Plan nor can any such person act as agent of the Trustees. The Trustees reserve the right to amend, modify or discontinue all or part of the Plan whenever, in their judgment, conditions so warrant.