Local 807 Profit Sharing Plan
The Profit Sharing Plan is a defined contribution plan with an individual account for each participant. This means that the Plan maintains a record of the value held for the benefit of each participant, including any contributions, income, gains or losses applicable to the participant. The record for each participant is referred to as the participant’s “Individual Account.” The benefit payable under the Plan to any participant is the value of the balance of his or her Individual Account.
Summary Plan Description (SPD)
SECURE Act Summary of Material Modifications (2020)
Tax Information for Withdrawals