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2023
New Economic Downturn Distribution - (4/6/2011)
As part of a continuing effort to aid members during the continued downturn of the economy, the Trustees of the Plumbers Local Union No. 1 401(K) Savings Plan have added a new, temporary, distribution option from the Plan. As a brief overview, the Plan is comprised of two types of contributions, 401(k) Elective Deferrals and Employer Contributions. This new distribution option allows participants to withdrawal a portion of your Employer Contribution Account. The details of the Economic Downturn Distribution are outlined on the attached notice.
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