Northwest Carpenters Individual Account Pension Plan

Administrative Information 

A. Plan Name

The plan is known as the Northwest Carpenters Individual Account Pension Plan.

B. Name, Address and Telephone Numbers of the Joint Board of Trustees

The plan is sponsored by a joint labor-management board of trustees. The Board's name, address and telephone number are:
Board of Trustees
Northwest Carpenters Trusts
2200 Sixth Avenue, Suite 300
Seattle, WA 98121
(206) 441-6514 Seattle Area
(800) 552-0635 Nationwide

A list of Trustees is located here.

You and your beneficiary may obtain a complete list of the employer and employee organizations sponsoring the plan by written request to the Trustees. You may also examine this information at Northwest Carpenters Trusts or your Local Union Office upon ten days advance written request. The Trustees may impose a reasonable charge to cover the cost of furnishing these lists and you may wish to ask the amount of the charges before requesting copies.

C. Identification Number

The Internal Revenue Service (IRS) employer identification number assigned to this plan is 91-1160641. In accordance with IRS instructions, the Trustees have assigned this plan the identification number of 002.

D. Type of Plan

The Northwest Carpenters Individual Account Pension Plan is a defined contribution plan with a 401(k) cash or deferred arrangement.

E. Type of Administration

The plan is administered by a joint labor-management board of trustees with the assistance of a salaried administrative agent.

F. Name, Address and Telephone Numbers of the Salaried Administrator

Randy S. Parker
Northwest Carpenters Trusts
2200 Sixth Avenue, Suite 300
Seattle, WA 98121
(206) 441-6514 Seattle Area
(800) 552-0635 Nationwide

G. Description of Collective Bargaining Agreements

The plan is maintained according to the terms of collective bargaining agreements. You and your beneficiary may obtain a copy of an agreement by writing to the Trustees. You may also examine an agreement at Northwest Carpenters Trusts, the Northwest Carpenters Union (https://www.nwcarpenters.org) or your Local Union Office upon ten days advance written notice. The Trustees may impose a reasonable charge to cover the cost of furnishing an agreement and you may wish to ask the amount of the charges before requesting copies.

H. Eligibility and Benefits

You are entitled to participate in this plan if you work under a collective bargaining agreement described in item G or under a contribution agreement between your employer and the Trustees, and if your employer is required to make contributions to the Trust Fund on your behalf or to transfer elective pre-tax contributions you make under the plan's cash or deferred arrangement.

The eligibility rules which determine who is entitled to participate are found here. The joint and survivor payment option is described here. If you incur a permanent break in service it will result in the forfeiture of benefits. The break in service rules are described here. Copies of these booklets are available from Northwest Carpenters Trusts at the address in item B, or your Local Union Office. There is no charge for them.

I. Source of Contributions

The Northwest Carpenters Individual Account Pension Plan is funded by employer contributions and by elective pre-tax employee contributions.

J. Entities Used for Accumulation of Assets and Payment of Benefits

Contributions paid into the plan to obtain benefits are received by the Board of Trustees and invested among the investment fund options available under the plan pursuant to your investment direction (or in accordance with the plan's qualified default investment alternative procedure), pending payment of retirement benefits and administrative expenses.

K. Plan Year

January 1 through December 31.

L. Agent for Legal Process

Randy S. Parker
Northwest Carpenters Trusts
2200 Sixth Avenue, Suite 300
Seattle, WA 98121
(206) 441-6514 Seattle Area
(800) 552-0635 Nationwide

Service for legal process may also be made on each member of the Board of Trustees.

M. Plan Consultant

Paul Graf
Rael & Letson
601 Union Street, Suite 2415
Seattle, WA 98101
(206) 445-1852

Last Updated: 04/25/2023