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OPERATING ENGINEERS
TRUST FUNDS

Information Required by ERISA

In this Section:

  1. Your Rights Under ERISA
  2. Eligibility for Benefits
  3. Plan Termination and Plan Amendment
  4. Vesting

Name of Plan

Operating Engineers Local 12 Defined Contribution Plan.

Type of Plan

This is a money purchase pension plan under the Internal Revenue Code. A money purchase pension plan is one that specifies a definite employer contribution rate per hour, establishes individual accounts for each plan Participant and provides benefits based solely upon the amount in the Participant’s account at the time of distribution.

Type of Administration

The Board of Trustees of the Operating Engineers Local 12 Defined Contribution Trust Fund is the administrator of the Plan. The Board of Trustees is composed of an equal number of Employer Trustees and Union Trustees appointed pursuant to the provisions of the Trust Agreement. Many of the day to day tasks of Plan administration have been delegated by the Board of Trustees to the Operating Engineers Fund, Inc.

Administrative Corporation (Fund Office) which has been engaged by the Board of Trustees of the Trust Fund. The address and telephone numbers of the Administrative Office are:

Operating Engineers Funds, Inc.
100 Corson Street, Suite 100
Pasadena, CA 91103
(866) 400-5200
www.oefi.org

The Board of Trustees has delegated the tasks of maintaining daily individual account balances and processing approved applications for distributions to Mass Mutual whose address, telephone number, and website is as follows:

Mass Mutual
1295 State Street
Springfield, MA 01111
(800) 743-5274
www.retiresmart.com

Plan Year

This Plan’s fiscal year for record keeping and account purposes is from July 1 through June 30.

Funding and Contributions

Plan Participants may not contribute to this Plan. Employer contributions are the only source of funding. These contributions are made according to the provisions of collective bargaining agreements between Local 12 and contributing employers (or in some cases, other types of written agreement between employers and the Trust Fund).  Assets of the Plan and Trust are held in trust by the Reliance Trust Company for the benefit of plan Participants and beneficiaries. Benefits are provided directly from the assets of the Trust Fund.

PBGC Coverage

The Plan is not insured by the Pension Benefit Guarantee Corporation (PBGC) because the PBGC does not insure money purchase plans.

Collective Bargaining Agreements

This Plan is the result of multiple collective bargaining agreements between Operating Engineers Local 12 and employer associations and individual employers. Copies of these Collective Bargaining Agreements are available to you at the Administrative Office for your inspection free of charge. Upon written request, the Administrative Office will supply you with a copy of a Collective Bargaining Agreement, but you must pay the reasonable copying costs for any such copy.

Participating Employers and Employer Groups

The Administrative Office will give you information as to whether a particular employer or employer group is participating in this Plan. If the employer or employer group is participating in this Plan, the Fund Office will give you the employer’s or the employer group’ s address.

Plan Administrator

Board of Trustees of the Operating Engineers Local 12 Defined Contribution Trust Fund
100 Corson Street, Suite 100
Pasadena, CA 91103
(866) 400-5200

Members of the Board of Trustees

Union Trustees Employer Trustees
Union Trustees Mike Roddy
Ronald J. Sikorski Jim Ryan
Dan E. Hawn Michael Crawford
David Garbarino Mike Prlich
Larry Davison Stanley Howard
Shawn Kinsey Patrick Velasquez
Carl Mendenhall Jaimie Angus
Dan Billy Janaina Sangy

Agent for Service of Legal Process

The name and address for the Service of Legal Process is:

Joseph R. Ehrbar
Operating Engineers Funds, Inc.
100 Corson Street, Suite 100
Pasadena, CA 91103
(866) 400-5200

Legal process may also be served on a Plan Trustee.

Plan Identification Numbers

The Employer Identification Number issued to the Board of Trustees by the Internal Revenue Service is: 83-0984282; Plan Number: 001.

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