Supplemental Unemployment Benefit Plan SPD

PLAN ADMINISTRATION

The Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund ("SUB") described in this booklet is administered by the Board of Trustees of the Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund, 6023 Garfield Avenue, Commerce, CA 90040.

The Supplemental Unemployment Benefit Plan is administered under provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code as a collectively bargained, jointly-trusteed Taft-Hartley Trust Fund.

Plan Name

The official name of the Plan is Southern California IBEW-NECA Supplemental Unemployment Benefit Plan.

Employer Identification Number

The Employer Identification Number assigned by the Internal Revenue Service to the Board of Trustees is EIN # 46-7214939.

Plan Number

The Plan Number is 501.

Plan Administrator

The Plan Administrator is the Board of Trustees of the Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund. The agent for service of legal process is Joanne Keller, Plan Administrator. Service of legal process may also be made upon the Board of Trustees or an individual Trustee. The Plan Administrator's address is:

Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund
Attention: Plan Administrator
6023 Garfield Avenue
Commerce, CA 90040

Plan Funding

The Plan is financed solely by Employer Contributions to the Trust Fund. The contribution rate is determined by the collective bargaining parties. Employers have no right to contributions made to the Fund. The Board of Trustees has responsibility for Fund investments.

Plan Year

The Plan Year is the 12-month period established by the Board of Trustees for purposes of maintaining the records. Plan Years begin each July 1st and end the following June 30th.

Board of Trustees

View an updated list of Trustees >>

Although the Trustees intend to continue this Plan indefinitely, the Trustees reserve the right in their sole and unrestricted discretion to change or discontinue the Supplemental Unemployment Benefit Plan at any time, for any reason. Changes or amendments may be made retroactively, if necessary, to qualify or maintain the benefits programs in order to meet the requirements of the Internal Revenue Code. Although the Trustees intend to maintain these benefits, economic conditions could cause a benefit reduction. If a substantial number of participants are laid off, benefits under the Supplemental Unemployment Benefit Plan may be lowered so more participants may receive benefits. The Supplemental Unemployment Benefit may also be lowered or discontinued because of insufficient fund assets. The Trustees may suspend Supplemental Unemployment Benefits in times of low unemployment.