Summary Plan Description (Revised January 1, 2018)

Benefit Statements

A Quarterly Benefit Statement is mailed to you four times each year with updated information about your benefit. The benefit statement lists, on a year-by-year basis, the number of hours reported to the plan on your behalf, the contributions received by the plan on your behalf, the benefit factor, the unit value, units purchased on your behalf, your current monthly benefit, your high-water mark benefit, and the shore-up benefit, if applicable. Information about the stabilization reserve is also provided. We encourage you to review the information on your benefit statement and notify Retirement Services at Carpenters Trusts if you have questions or concerns.