Participant Documents

If you have questions about any plan communication including your statement or the plan itself, please contact our Administrative Office at 1-866-770-1917 and select option 3, 8 a.m. to 5 p.m. Pacific Time, Monday-Friday.

Every year, you will receive an annual statement giving you important information about your retirement plan. Below you will see examples of statements in six languages, an overview of what is included on your statement for the periods ending 2/28/2019 (the end of the third year of the retirement plan) and 6/30/2019 (the end of the fourth, short, year of the retirement plan) and more explanation about the information.

Examples of Statements

English statement

Korean statement

Russian statement

Simplified Chinese statement

Spanish statement

Vietnamese statement

 

Annual Statement Explanation

Prior Year-End Account Balance as of 3/1/2018 – 2/28/2019

Plus Employer Contributions: 3/1/2018 – 2/28/2019

Plus Gains: 3/1/2018 – 2/28/2019

Less Expenses: 3/1/2018 – 2/28/2019

Year-end balance as of 2/28/2019

Plus employer contributions: 3/1/2019 – 6/30/2019

Plus gains: 3/1/2019 – 6/30/2019; See more information.

Less expenses: 3/1/2019 – 6/30/2019; See more information.

Year-end balance as of 6/30/2019 (short plan year)

 

More Information

1. Status – You have completed three years of vesting service which means these funds belong to you. Because you are age 65 or older, you are allowed to begin payments from your account if you terminate covered employment OR if you are still working but your year-end balance is greater than $2,400. Contact our office if you wish to receive an application and election form.

2. Prior year-end account balance – This is your account balance as of 2/28/2018.

3. Employer contributions – This reflects contributions made under the Collective Bargaining Agreement that apply to you. All plan contributions are made by your employer(s).

4. Gains – This reflects an increase to your account value due to the investment gains in the plan. Investments in the plan are directed by the Secure Retirement Trustees.

5. Expenses – This reflects a charge to your account for the operating expenses of the plan. These expenses are related to the administration of the Plan.

6. Year-end balance – This is your account balance as of 2/28/2018 and 6/30/2019.

 

If you have a question regarding the contents of your statement or the plan itself, please contact our Retirement Specialists at 1-866-770-1917 and select option 3 between 8 a.m. and 5 p.m. Pacific Time, Monday-Friday. Information is also available at www.myseiubenefits.org/retirement.

Visit MyPlan at myplanbg.org to confirm your current address and update your beneficiary information.

Please refer to www.seiu775.org to see a copy of your Collective Bargaining Agreement to determine which hours qualify for contributions. PTO and Training hours are typically included in total hours reported but not in contribution hours. A permanent break in service occurs after five, consecutive years reporting less than 300 hours. The third plan year ended on February 28th, 2019. The fourth plan year ended June 30th, 2019.

Every year, you will receive an annual statement giving you important information about your retirement plan. Below you will see examples of statements in six languages, an overview of what is included on your statement for the periods ending 2/28/2019 (the end of the third year of the retirement plan) and 6/30/2019 (the end of the fourth, short, year of the retirement plan) and more explanation about the information.

Examples of Statements

English statement

Korean statement

Russian statement

Simplified Chinese statement

Spanish statement

Vietnamese statement

 

Annual Statement Explanation

Prior Year-End Account Balance as of 3/1/2018 – 2/28/2019

Plus Employer Contributions: 3/1/2018 – 2/28/2019

Plus Gains: 3/1/2018 – 2/28/2019

Less Expenses: 3/1/2018 – 2/28/2019

Year-end balance as of 2/28/2019

Plus employer contributions: 3/1/2019 – 6/30/2019

Plus gains: 3/1/2019 – 6/30/2019; See more information.

Less expenses: 3/1/2019 – 6/30/2019; See more information.

Year-end balance as of 6/30/2019 (short plan year)

 

More Information

1. Status – You have completed three years of vesting service which means these funds belong to you. You are not allowed to begin payments from your account until you meet the normal retirement age of 65.

2. Prior year-end account balance – This is your account balance as of 2/28/2018.

3. Employer contributions – This reflects contributions made under the Collective Bargaining Agreement that apply to you. All plan contributions are made by your employer(s).

4. Gains – This reflects an increase to your account value due to the investment gains in the plan. Investments in the plan are directed by the Secure Retirement Trustees.

5. Expenses – This reflects a charge to your account for the operating expenses of the plan. These expenses are related to the administration of the Plan.

6. Year-end balance – This is your account balance as of 2/28/2018 and 6/30/2019.

 

If you have a question regarding the contents of your statement or the plan itself, please contact our Retirement Specialists at 1-866-770-1917 and select option 3 between 8 a.m. and 5 p.m. Pacific Time, Monday-Friday. Information is also available at www.myseiubenefits.org/retirement.

Visit MyPlan at myplanbg.org to confirm your current address and update your beneficiary information.

Please refer to www.seiu775.org to see a copy of your Collective Bargaining Agreement to determine which hours qualify for contributions. PTO and Training hours are typically included in total hours reported but not in contribution hours. A permanent break in service occurs after five, consecutive years reporting less than 300 hours. The third plan year ended on February 28th, 2019. The fourth plan year ended June 30th, 2019.

Every year, you will receive an annual statement giving you important information about your retirement plan. Below you will see examples of statements in six languages, an overview of what is included on your statement for the periods ending 2/28/2019 (the end of the third year of the retirement plan) and 6/30/2019 (the end of the fourth, short, year of the retirement plan) and more explanation about the information.

Examples of Statements

English statement

Korean statement

Russian statement

Simplified Chinese statement

Spanish statement

Vietnamese statement

 

Annual Statement Explanation

Prior Year-End Account Balance as of 3/1/2018 – 2/28/2019

Plus Employer Contributions: 3/1/2018 – 2/28/2019

Plus Gains: 3/1/2018 – 2/28/2019

Less Expenses: 3/1/2018 – 2/28/2019

Year-end balance as of 2/28/2019

Plus employer contributions: 3/1/2019 – 6/30/2019

Plus gains: 3/1/2019 – 6/30/2019; See more information.

Less expenses: 3/1/2019 – 6/30/2019; See more information.

Year-end balance as of 6/30/2019 (short plan year)

 

More Information

1. Status – You can vest in the plan by working one additional hour of Covered Employment. Covered employment means that you work one hour with an employer who contributes to the Secure Retirement Trust on your behalf. You must work this hour of employment on or after July 1st, 2019 and before you experience a permanent break in service, which occurs after five consecutive years where you fail to meet the 300 hour requirement. Generally, you must be vested and meet the normal retirement age of 65 to begin payments from your account.

2. Prior year-end account balance – This is your account balance as of 2/28/2018.

3. Employer contributions – This reflects contributions made under the Collective Bargaining Agreement that apply to you. All plan contributions are made by your employer(s).

4. Gains – This reflects an increase to your account value due to the investment gains in the plan. Investments in the plan are directed by the Secure Retirement Trustees.

5. Expenses – This reflects a charge to your account for the operating expenses of the plan. These expenses are related to the administration of the Plan.

6. Year-end balance – This is your account balance as of 2/28/2018 and 6/30/2019.

 

If you have a question regarding the contents of your statement or the plan itself, please contact our Retirement Specialists at 1-866-770-1917 and select option 3 between 8 a.m. and 5 p.m. Pacific Time, Monday-Friday. Information is also available at www.myseiubenefits.org/retirement.

Visit MyPlan at myplanbg.org to confirm your current address and update your beneficiary information.

Please refer to www.seiu775.org to see a copy of your Collective Bargaining Agreement to determine which hours qualify for contributions. PTO and Training hours are typically included in total hours reported but not in contribution hours. A permanent break in service occurs after five, consecutive years reporting less than 300 hours. The third plan year ended on February 28th, 2019. The fourth plan year ended June 30th, 2019.

The Secure Retirement Board of Trustees has identified and implemented some changes to your plan that went into effect on July 1, 2019. If you became a participant in the Secure Retirement Plan on or before June 30, 2019, you will receive a letter notifying you of the changes.

Letters to vested participants
(EnglishVietnamese, Spanish, RussianKorean, Chinese)

Letters to unvested participants
(English, VietnameseSpanishRussianKorean, Chinese)

Letter to New Participants Effective July 1, 2019
(English, Vietnamese, Spanish, Russian, Korean, Chinese)

Required Minimum Distribution Notification Effective 2019
RMD_2019 Notification