Good News - Administration Fee Reduction effective 06/2017
The Trustees of the Entertainment Industry 401(k) Plan are happy to announce that due to growth of the Plan, a decrease in expenses, and favorable market conditions, the Trustees will be decreasing the monthly administration fee and doubling the discount for email delivery of statements and other notices.

Here is the new monthly fee schedule effective 06/2017:
Account Balance Prior
Monthly Fee
New
Monthly Fee
.01 - $99.99 $1.50 $1.00
$100.00 - $199.99 $3.00 $2.00
$200.00 - $499.99 $4.00 $3.00
$500.00 and over $5.00 $4.00

The discount for email delivery will increase from $1.00 to $2.00 per quarter.

For a participant with a balance of $500.00 or more who is on email delivery, this results in a savings of $16.00 per year or 29%.

Important Dates

06/23/2017
JPMorgan SmartRetirement 2015 A Fund (JSFAX) will merge into the JPMorgan SmartRetirement Income A Fund (JSRAX).
06/24/2017
Membership Meeting at 10:00am at Teamsters Local 492
07/04/2017
Office closed for Independence Day

Did you know?

Membership Meeting at Teamsters Local 492
On Saturday, June 24, 2017, a representative from the Entertainment Industry 401(k) Plan will be available to answer any questions you have regarding your 401(k) Plan account.

Please feel free to stop by the Local Union Office starting at 10:00am.

Teamsters Local 492
4269 Balloon Park Rd NE,
Albuquerque, NM 87109

If you have not submitted your 401(k) Enrollment/Beneficiary Form, please bring the following for your beneficiary(ies): name, address, date of birth and Social Security Number.

Fund Merger Notification
On or about June 23, 2017, the JPMorgan SmartRetirement 2015 A Fund (JSFAX) will merge into the JPMorgan SmartRetirement Income A Fund (JSRAX). If you currently have money in the JPMorgan SmartRetirement 2015 A Fund and wish to allocate it to a different fund, please call our Member Services Department by Tuesday, June 20, 2017. If you take no action, any balance you have in the JP Morgan SmartRetirement 2015 A Fund will be automatically transferred to the SmartRetirement Income A Fund on or about June 23, 2017.

New Fund Line-up...
We are happy to announce that the Plan has a new fund line-up.

For more information please review the Fund Line-up Notice.

Default Investment Fund
When the Administrative Office has no investment direction (Enrollment/ Beneficiary Form) on file for you , your account balance will be automatically invested in the Qualified Default Investment Alternative (QDIA). In other words, if you don't tell us where to invest your assets, they will be automatically invested in the QDIA until you tell us to differently.

To make your original investment elections, you must complete an "Enrollment/Beneficiary Form". This form allows you to make investment elections, designate a beneficiary and establish a PIN (personal identification member) to access your account. For more information please review the:     2017 Qualified Default Investment Alternative (QDIA) Notice

Log in to our website with your e-mail address
Now you can log in with either your Social Security Number or your e-mail address. The first time you log in, you will be sent a validation e-mail. The e-mail will provide a link to validate your on-line access and you will be asked to enter your PIN.

Each time you change your e-mail address, you will receive a new validation e-mail. We have added these extra layers of protection to enhance the security of your on-line account access.

Welcome

The Entertainment Industry 401(k) Plan was created in 1996 to provide retirement benefits for daily hire and staff Union Members working in the Entertainment Industry.

The Plan has grown to over 18,000 participants nationwide in various union affiliations. As a result, we have learned and therefore refined what we do to continually improve the level of service to our members.


© 2017 Entertainment Industry 401k Plan