INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 15, 15A, 15B, 15C, 15D, 15G & 15H
The Annuity Fund is a tax-exempt self-directed retirement fund as defined in the Employee Retirement Income Security Act of 1974 (ERISA). The annual total of contributions is limited under Internal Revenue Code rules and regulations and cannot exceed an annual set maximum. Plan participants are 100% vested in the contributions made to their account. Voluntary (after-tax) contributions may be made to a contributing participant’s account but cannot exceed 10% of the gross annual salary in the current year. The Third Party Administrator of the Plan is John Hancock Retirement Plan Services. See the Summary Plan Description for guidelines and information.
Every job has a completion date. Your Annuity Fund completion date is when you turn age 65, or whenever you wish to retire. Will you be ready? Setting goals is an important part of preparing for your retirement. By setting goals today, you’re beginning to build your future retirement
A target date fund is a professionally managed collection of investment strategies designed to help you invest for retirement.