Administrative Information

Plan Name	Sheet Metal Workers' Local 73 Pension Plan
Plan Employer Identification Number	51-6126221
Plan Number	001
Fiscal Year	July 1 through June 30
Plan Type	The Pension Plan is a defined benefit plan maintained fo the purpose of providing Retirement beneifts to eligible participants.
Plan Sponsor and Adminsitrator	The Board of Trustees is both the Plan Sponsor and Plan Administrator. The Board of Trustees is responsible for the operation of this Plan. The Board of Trustees consists of Employer and Union representatives selected by the Employers and the Local Union who have entered into Collective Bargaining Agreements related to this Plan. If you wish to contact the Board of Trustees, use the address and telephone number below.
Board of Trustees	Sheet Metal Workers’ Local 73 Pension Fund 4530 Roosevelt Road Hillside IL 60162 Telephone: (708) 449-7373 Fax: (708) 449-7333

The Trustees of this Plan are:
Union Trustees	Employer Trustees
Mr. Robert Schneider Sheet Metal Workers' Local 73 4550 Roosevelt Road Hillside, IL 60162	Mr. James S. Billard Hill Mechanical Group 11045 Gage Avenue Franklin Park, IL 60131
Mr. Rocco Terranova Sheet Metal Workers' Local 73 4550 Roosevelt Road Hillside, IL 60162	Mr. John Delano SMACNA Chicago 2703 Van Buren Street Bellwood, IL 60104-2458
Mr. Michael A. Vittorio Sheet Metal Workers' Local 73 4550 Roosevelt Road Hillside, IL 60162	Mr. John P. Harmon, Sr. Builders Heating, Inc. 4633 West 138th Street Crestwood, IL 60445

 

Agent for Service of Legal Process	The Plan’s agent for service of legal process is: Gregorio & Associates 2 N. LaSalle St., Suite 1650 Chicago, IL 60602 Accordingly, if legal disputes involving the Plan arise, any legal documents should be served upon the agent listed above or any of the Trustees at the Fund Office.
Collective Bargaining Agreements	This Plan is maintained pursuant to Collective Bargaining Agreements between Sheet Metal Workers’ Local No. 73 and Contributing Employers. You may obtain a copy of the Collective Bargaining Agreement by writing to or examining it at the Fund Office.
Source of Contributions	Benefits described in this booklet are provided through Employer contributions. The provisions of the Collective Bargaining Agreements and participation agreements determine the amount of the Employer contributions and the Employees on whose behalf contributions are made.
Pension Fund's Assets and Reserves	All assets are held in trust by the Board of Trustees for the purpose of providing benefits to eligible participants and defraying reasonable administrative expenses. Plan assets may be invested in accordance with the requirement of applicable law. These investments are made only after consultation with professional investment managers retained by the Trust.
Eligibility and Benefits	The types of benefits provided and the Plan’s requirements with respect to eligibility as well as circumstances that may result in disqualification, ineligibility, or denial or loss of any benefits are described in this booklet.
Rights and Responsibilities	As someone who may be eligible for benefits from this Plan, you should be aware that benefits are paid in accordance with Plan provisions out of a trust fund maintained solely for this purpose. If you have any questions or problems as to benefit determinations, you have a right to appeal to the Trustees who administer the Plan as described in the appeals procedures . Your rights have been incorporated in the Employee Retirement Income Security Act, which Congress adopted in 1974, for application to all benefit plans. Those rights are set forth in ERISA.
Sole Determination by Trustees	Only the Board of Trustee has broad discretion and authority to determine eligibility for benefits and the right to participate in the Pension Fund, and to exercise all the other powers specified in the Plan. The Trustees may, in their sole discretion, modify, amend, or terminate this Plan in any manner or at any time. The Board of Trustees determines eligibility for and the type and amount of benefits. The decision of the Board of Trustees is final and binding and will receive judicial deference to the extent that it does not constitute an abuse of discretion. No officer, agent, or Employee of the Union, or Employer or any other person is authorized to speak for, or on behalf of, or to commit the Board of Trustees, on any matter relating to the Pension Fund or Plan. If a decision of the Trustees is challenged in court, the decision will be upheld unless the court finds it to be arbitrary and capricious.
Plan Termination or Modification	The Board of Trustees intends to continue the Plan indefinitely, although they reserve the right to change or amend it at any time. A Plan would end automatically if every Employer withdraws from the Plan or as defined by law. Any remaining benefits will be paid as described in the legal Plan Document. If the Plan is amended or terminated, you will be notified in writing. Upon termination of the Pension Plan, you will be completely vested in your accrued benefit to the extent funded as of the date of termination. The assets of the Plan will be allocated after payment of Plan expenses in accordance with ERISA. The Plan may be amended at any time if the Trustees agree to do so in writing.
Non-Assignment of Benefits	The Pension Plan contains a provision forbidding any assignment, pledging or otherwise disposing of your pension payments except in relation to a qualified domestic relations order (QDRO). For more information regarding QDROs, or to receive a copy of the Fund’s QDRO procedures free of charge, please contact the Fund Office.
Top-Heavy Provisions	Federal law requires that if the Plan becomes a top-heavy plan, as described in the Internal Revenue Code, minimum contributions may apply. In the unlikely event that the Plan becomes top-heavy, you will be notified accordingly.
Maximum Contributions	Federal law limits the total amount participants can receive from all retirement plans in which they participate. It is unlikely that these limits will affect the amount of pension you receive from this Plan. However, if you have any questions, please contact the Fund Office.