Local 10 Supplemental Retirement
Fund
The Sheet Metal Local 10 Supplemental Retirement Fund (SRF) was created to help provide financial security to you and your family upon your retirement, death, or disability. The benefits provided by the Plan are funded by employer contributions for workers covered by various sheet metal collective bargaining agreements. This Plan is a Defined Contribution (DC) Pension Plan that provides for an available balance upon retirement.
This is a self directed investment account and therefore requires your attention in order to take control of your retirement future. John Hancock is the record keeper for this fund. You should familiarize yourself with the multiple options provided by John Hancock for access, management and service of your account.
This is a self directed investment account and therefore requires your attention in order to take control of your retirement future. John Hancock is the record keeper for this fund. You should familiarize yourself with the multiple options provided by John Hancock for access, management and service of your account.
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How can I contact John Hancock?
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For investment options, distribution rules, requests and general information you may contact them at 1 (833) 388-6466 or online through their website myplan.johnhancock.com/login
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What can I accomplish on the John Hancock site?
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You can review your account, manage your investments, and review contributions. In addition, there are many education tools and specialized programs such as college savings, financial organizing etc.
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Can you give me more information on how to set up and navigate John Hancock site?
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Yes. below is a quick tutorial guide, please take a second to review.
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What is a Summary Plan Description?
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This document will provide a summary of the benefits provided by the Plan. Please click on the link for the latest version of the Supplemental Retirement Fund (SRF) Summary Plan Description (SPD). You can also contact the Fund Office at
(651) 770-0991 to request that a document be mailed to you. |
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What is a Summary of Material Modification?
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The Supplemental Retirement Fund (SRF) Summary of Material Modifications (SMM) include any changes made to the plan since the Summary Plan Description was last printed. If you view the SPD document make sure you also review the SMM. Please click on the link for the latest version of the Summary of Material Modifications.
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There are limited options on accessing your account prior to retirement age, but please review the information below
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I believe I'm eligible for a distribution and would like to request a distribution, what should I do?
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First contact the Sheet Metal #10 Benefit Office to determine if you have met one of the eligibility requirements such as a separation of service. You may then download the SRF Distribution Form and SRF Tax Notice which you will find here.
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I have heard about individuals talking about a Lump-Sum Distribution. What can you tell me about that?
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A Lump-Sum Distribution is a big life decision which should take much consideration and contains a lot of "should's", "can's", "how's" etc. Please click the link below to help aid in some of these considerations.
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Now that I'm retired my mailbox is full of investment advertisement literature. I'm starting to think I can do better, what happens if I want to pull my money?
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We do understand the persistence of the investment industry upon retirement. The Trustees hold our members investments paramount, with cost, safety, quality and access all within the management of day to day operations. Click link here for a notice on why you would Think Again before quickly agreeing to roll your money out of the Fund.
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