Summary Plan Description

Statement of Purpose

Dear Participant and Family:

The Carpenters-Employers Vacation Plan and Trust of Western Washington became effective January 1, 1972. It has operated since its inception as a non-profit, tax exempt trust administered by a Board of Trustees. The Vacation Plan and Trust is a savings-type account funded by hourly contributions deducted from wages pursuant to the collective bargaining agreements. Effective March 1, 2001, your hourly contributions are received by the Trust and then transferred electronically to an account in your name at Qualstar Credit Union. Qualstar invests your assets and provides easy access to your account at a number of locations.

The Employee Retirement Income Security Act of 1974 (ERISA) requires the Vacation Plan and Trust to provide you with this summary plan description. The Vacation Plan’s rules on eligibility, benefits and the circumstances that may result in disqualification, ineligibility, denial, loss, forfeiture, or suspension of any plan benefits are described in this booklet. In all circumstances, the terms of this Vacation Plan booklet govern. You are encouraged to read this booklet carefully. Please contact Carpenters Trusts if you have questions or concerns.

Board of Trustees
Carpenters-Employers Vacation Trust of Western Washington