- The Entertainment Industry 401(k) Plan was created to provide Retirement
Benefits for "Daily Hire" Union Members in the Entertainment Industry.
- The Entertainment Industry 401(k) Plan is the companion plan to the
Entertainment Industry Flex Plan (health benefits)
under the Entertainment Industry Benefit Plans umbrella.
- This plan is a self-directed plan. Each participant may choose between
the various investment options.
- Investment Advice (at no charge) is available to all Participants.
- There are no front-end or back-end loads (fees) for trades by
participants in this Plan.
- The Plan accepts five different types of contributions:
- Employer Contributions (through a Collective Bargaining Agreement)
- Pre-tax Employee Contributions (through payroll deductions)
- After-tax Employee Roth Contributions (through payroll deduction)
- After-tax Employee Contributions (made directly to the Plan)
- Qualified Rollovers
- Within 1-2 days after receipt of contributions for a new participant, the
Plan will send a welcome letter to the Participant with an
"Enrollment/Beneficiary Form". The letter will provide instructions on
how to sign up for email delivery of account information. Email delivery
enables participants to receive Plan Information more quickly, help the
environment and save on
administrative fees. The
Enrollment/Beneficiary Form is used to designate a beneficiary
as well as make investment elections.
- Once the participant's "Enrollment/Beneficiary Form" has been received by
the Plan, participants may set up voluntary withholdings from their payroll
simply by calling our Member Services Department (provided this option is
included in the Collective Bargaining Agreement (CBA)).
- Balances may be checked 24 hours a day through our website or by calling
our toll-free number with a PIN (personal identification number). Investment
elections may be changed over the phone with our Member Services Department.
- Participants receive quarterly statements from the 401(k) Plan
detailing employer contributions and payments as well as investment activity
and performance. Participants who elect email delivery of statements and
notices receive a quarterly discount on their
administrative fees.
