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May 28, 2017
TEAMSTERS NATIONAL 401(k) SAVINGS PLAN
Updated On: Jun 23, 2011

 

What's Retirement All About?

Life offers so many possibilities - and adventures - both today and tommorrow.

You deserve to spend your retirement doing whatever makes you happy and fulfilled.  But to do that, you'll need monthly income you can rely on.  One of the best ways to help ensure you have that income is to start saving NOW!

Enrolling in the Teamsters-National 401(k) Savings Plan is one of the best things you can do to help yourself prepare for tomorrow.

The Teamsters-National 401(k) Savings Plan is an example of Teamsters using their combined buying power to negotiate valuable programs and services for members.

Under the laws governing 401(k) plans, before a member can join, an employer must agree to participate.  The Plan's trustees -- one-half from the union and one-half from participating employers -- moniter and direct the services provided by this plan.  It is a qualified 401(k) plan that lets you deduct a portion of your salary and save it in an investment account.  And, it is governed by ERISA (the Employee Retirement Income Security Act), which protects plan participants.

After conducting a search and evaluation of retirement plan service providers, the Board of Trustees is excited to introduce Prudential Retirement (Prudential) as the new provider for the Teamsters-National 401(k) Savings Plan.

PRUDENTIAL RETIREMENT IS YOUR SERVICE PROVIDER

Prudential Retirement knows that saving for retirement isn't about facts and figures.  It's about having access to the right tools and the right people to help you make smart decisions every step of the way.  So, whether you're a 20-something who's just starting your career or a seasoned veteran within reach of retirement, Prudential has the resources to help you find the financial freedom to do what you want to in retirement.

Prudential Retirement provides the administrative and investment management services for over 6000 organizations in the United States.  With over $532 billion in assets under management, Prudential Financial is one of the nation's largest financial institutions and a recognized leader in the retirement plan market.  Their strategy is to help you grow and protect your wealth.

FOR MORE INFORMATION

To learn more about the Teamsters National 401(k) Savings Plan, to access your account or to enroll in the plan,

Visit the Plan's website at www.prudential.com/teamsters401kplan Prudential has developed a custom website for your Teamsters-National 401(k) Savings Plan.  Here you will find important information and the latest updates about the transition to Prudential, including investment option information, as well as access to:

  • Online Retirement Center - From this secure website, you can access your retirement program information, including account balances, research your investment options and perform transactions.
  • Online retirement education - With Prudential Retirement's Education and Planning (PREP) website you have access to a wide array of articles, courses, and tools to help you grow and protect your wealth.

Call Prudential Retirement's toll-free Interactive Voice Response (IVR), service at 1-877-778-2100 to obtain account information or perform transactions through your telephone keypad.  Retirement account Representatives are available to assist you by calling Prudential Retirement's Interactive Voice Response service Monday through Friday from 8:00 a.m. to 9:00 p.m. Eastern Time.

For all other inquiries regarding the Teamsters National 401(k) Savings Plan, send inquiries to ibt401k@gemgrouplp.com.

DISCLAIMER

This information should not be taken as investment advice.  For more information about saving for retirement and investing, check out the many consumer magazines available such as Money, Kiplinger's Personal Finance Magazine and Smart Money.  Most large bookstores have extensive investment and financial sections, and the public library is always a good source for books, magazines, and copies of specialized investment reporting service publications.  If possible, you should also talk with a financial professional before making any investment decisions.  Because you make the decisions regarding how to invest your plan money, the International Brotherhood of Teamsters, your employer, plan trustees and other fiduciaries are not responsible for any losses as a result of your decisions.  Every effort has been made to ensure the Teamsters National 401(k) Savings Plan complies with Section 404(c) of the Employee Retirement Income Security Act.

 

 


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