The following information is provided to help a member identify this Fund and the people who are involved in its operation.
Name of Plan. This Plan is known as the Sheet Metal Workers’ Local 73 Welfare Fund Plan for Retired Members.
Board of Trustees. A Board of Trustees is responsible for the operation of this Fund. The Board of Trustees consists of equal representation of Employer and Union representatives, selected by the Employers and the Union that have entered into collective bargaining agreements that relate to this Fund. If you wish to contact the Board of Trustees, you may use the following address and phone number:
Sheet Metal Workers’ Local 73 Welfare Fund
4530 Roosevelt Road
Hillside, Illinois 60162
1-708-449-7373
As of October 1, 2015, the Trustees of this Fund are:
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Union Trustees
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Employer Trustees
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Mr. Rocco Terranova
Sheet Metal Workers’ Local 73
Welfare Fund
4550 Roosevelt Road
Hillside, Illinois 60162
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Mr. John Delano
SMACNA Greater Chicago
2703 Van Buren St.
Bellwood, Illinois 60104-2458
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Mr. Daniel Ahern
Sheet Metal Workers’ Local 73
Welfare Fund
4550 Roosevelt Road
Hillside, Illinois 60162
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Mr. James S. Billard
SMACNA Greater Chicago
2703 Van Buren St.
Bellwood, Illinois 60104-2458
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Mr. Michael A. Vittorio
Sheet Metal Workers’ Local 73
Welfare Fund
4550 Roosevelt Road
Hillside, Illinois 60162
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Mr. Patrick Ludvigsen
SMACNA Greater Chicago
2703 Van Buren St.
Bellwood, Illinois 60104-2458
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Plan Sponsor and Administrator. The Board of Trustees is both the Plan Sponsor and the Plan Administrator. This means that the Board of Trustees is responsible for the operation and administration of the Plan. The Plan Administrator has broad discretion to determine eligibility for benefits and to interpret the language of the Plan. The Plan Administrator’s decisions should receive judicial deference to the extent that they do not constitute an abuse of discretion. The Board has delegated the day-to-day administrative responsibilities to the Fund Administrator, Joseph Ohm, who can be contacted at the Fund Office.
Identification Numbers. The number assigned to the Board of Trustees by the Internal Revenue Service is 36-2145881. The number assigned to this Fund by the Board of Trustees pursuant to instructions of the Internal Revenue Service is 501.
Agent for Service of Legal Process. The Fund Administrator is the Fund’s agent for service for legal process. Accordingly, if legal disputes involving the Fund arise, any legal documents may be served upon the Fund Administrator at the following address:
Fund Administrator
Sheet Metal Workers’ Local 73 Welfare Fund
4530 Roosevelt Road
Hillside, Illinois 60162
Service may also be made upon any of the Fund’s Trustees at the address listed above.
Source of Contributions. Contributions to the Fund are made by Employers in accordance with their collective bargaining agreement with Sheet Metal Workers’ International Association Local 73 of Chicago, Cook and Lake Counties, Illinois AFL-CIO or participation agreement. However, in specific situations, self-payments are required to be made pursuant to the provisions of the Fund.
The Fund Office will provide you, upon written request, information as to whether your Employer is participating in this Plan and the Employer’s address.
Trust Fund. All assets are held in trust by the Board of Trustees for the purpose of providing benefits to you and your Dependents as Plan Participants and defraying reasonable administrative expenses. The Fund’s assets and reserves are presently invested by the Board of Trustees.
Plan Assets. All benefits payable under the terms of the Plan are Plan assets until they are actually paid in accordance with the terms of the Plan. Any check issued to pay benefits under the Plan shall be scheduled to expire 90 days after the date of its issuance. Once benefits become payable under the terms of the Plan, Participants will be able to claim payment of their benefits until the one (1) year anniversary from the date on which they became payable. Following the one (1) year anniversary of becoming payable, unclaimed benefits shall be forever forfeited and may be used to pay other benefits or Plan expenses.
Benefit Administration. Prescription Drug Benefits are administered by OptumRx. Dental Benefits are administered by Delta Dental. Medical benefits are administered by Blue Cross Blue Shield of Illinois. Vision Benefits are administered by EyeMed Vision Care. All benefits are provided on a self-funded basis directly from the Fund.
Plan Year. The records of the Plan are kept separately for each Plan Year. The Plan Year begins July 1 and ends on June 30.
Type of Plan. This Plan is maintained for the purpose of providing health, prescription drug, dental, wellness, hearing, vision, death and accidental death and dismemberment benefits in the event of Sickness, accident or death. The Plan benefits are shown in the applicable Schedule of Benefits Non-Medicare Eligible and Schedule of Benefits Medicare Eligible .
Collective Bargaining Agreement. The Fund is maintained in accordance with a collective bargaining agreement between the contributing Employers and Sheet Metal Workers’ International Association Local 73 of Chicago, Cook and Lake Counties, Illinois AFL-CIO. You may obtain a copy of the agreement by written request to the Board of Trustees. A reasonable charge may be imposed for the copy. In addition, a copy of the agreement may be examined without charge at the Fund Office or at the principal place of business of your Employer.
No Employment Guarantee. Your coverage by the Fund does not constitute a guarantee of your continued employment.
Plan Documents. This booklet serves as both the Plan Document and Summary Plan Description. This booklet replaces any prior Summary Plan Description booklets, Plan Documents and other Plan related documents you may have previously received.
Other important documents are the Agreement and Declaration of Trust and the collective bargaining agreements.
Amendment or Termination of the Plan. While the Trustees fully intend to continue the Plan, they reserve the right and they have the broad discretion to alter or discontinue the Plan. The provisions of the Plan may be amended from time to time in accordance with the Trust Agreement. Amendments may include increases, modifications, reductions or the elimination, in whole or in part, of certain benefits. The Board of Trustees has the right to initiate, increase and/or decrease self-payments.
The Plan may be terminated under circumstances allowed by ERISA and the terms of the governing Trust Agreement. In addition, the Trustees reserve the right to initiate, increase and/or decrease self-payments for Plan coverage. If the Trustees amend or terminate the Plan, they will notify you in writing of the changes that are made to your coverage.
If the Plan is terminated, benefits for covered expenses incurred before the termination date fixed by the Trustees will be paid to eligible Participants, as long as the Plan’s assets are more than the Plan’s liabilities. If there are any excess assets remaining after the payment of all Plan liabilities, those excess assets will be used for purposes determined by the Trustees in accordance with the provisions of the Trust Agreement.
The Trustees, as Plan Administrator, have broad discretion to amend or terminate the Plan. If the decisions of the Plan Administrator are challenged in court, it is the intention of the Fund that the Plan Administrator’s decisions be accorded judicial deference to the extent that they do not constitute an abuse of discretion.
No Vested Right to Plan Benefits. Your coverage by the Plan does not confer any right to continue benefits. The welfare benefits provided by the Plan are not vested benefits.