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Information about the plan
Enrollment and eligibility
You are automatically eligible to participate in the plan based on the terms of your collective bargaining agreement.
You may roll over money to your account, in any amount, from another similar retirement plan. For further information, refer to the summary plan document (SPD).
"Vesting" refers to your ownership of the money in your account. You are always 100% vested in your own contributions.
You are immediately 100% vested in the following source:
Accessing your money
It's important to learn about all options regarding your account balance before you retire or separate from service. You will need to make a decision about what to do with your vested account balance when one of the following events occurs:
- You retire from Southern Nevada Carpenters at the normal retirement age of 65.
- You become permanently disabled.
- Your death. Your beneficiary is entitled to your account balance when you die; your beneficiary is responsible for all federal income tax imposed. Distribution upon death may also be subject to federal and state inheritance and estate taxes.
- Your separation from work.
Distributions before 59½ age may be subject to an additional early withdrawal penalty tax.
When any of the events listed above occur, you or your beneficiary will have several distribution options. It is important to understand each of the distribution options listed in your plan’s Summary Plan Description before you make your decision. For assistance, please contact a Prudential representative at 877-PRU-2100 (877-778-2100).
Your retirement plan offers GoalMaker, an optional, easy-to-use asset allocation program that, if selected, will invest your contributions in one of 12 model portfolios that matches your investor style and years to retirement.
GoalMaker’s model allocations are based on generally accepted financial theories that take into account the historic returns of different asset classes. But of course, past performance of any investment does not guarantee future results. Participants should consider their other assets, income and investments (e.g. equity in a home, Social Security benefits, individual retirement plan investments, etc.), in addition to their interest in the plan, to the extent those items are not taken into account in the model. Participants should also periodically reassess their GoalMaker investments to make sure their model portfolio continues to correspond to their changing attitudes and retirement time horizon.
Southern Nevada Carpenters' Annuity Fund Plan Resources and Quick Actions
DOWNLOAD PLAN DOCUMENTS
Download plan communications, documents and information here.Go to forms and documents
GET IN TOUCH
Get contact information for your plan counselors and administrators.View plan contacts