Teamsters Local 492
Teamsters Local 492
 

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401(k) IBT National Plan
Feb 16, 2024

Life offers so many possibilities and adventures, both today and tomorrow.

You deserve to spend your retirement doing whatever makes you happy and fulfilled. But to do that, you’ll need a monthly income you can rely on. And one of the best ways to help ensure you have that income is to start saving. Click Here

Call Prudential/Empower's Retirement’s toll-free telephone service at 1-833-569-2433 to obtain account information or perform transactions through your telephone keypad. Retirement Account Representatives are available to assist you Monday through Friday from 8 a.m. to 9 p.m. ET. 

You can start (get registered) your Teamster 401k plan by Clicking Here or by calling 1-833-569-2433

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

For UPS 401k info, Click Here

Enrolling into 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—monitor 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 (Employee Retirement Income Security Act), which can help protect plan participants.

Prudential Retirement® (Prudential) provides administrative and investment services for the Teamsters-National 401(k) Savings Plan. The Board of Trustees selected Prudential after conducting a search and evaluation of retirement plan service providers.

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.

What's Retirement All About?

Prudential Retirement provides the administrative and investment management services for over 6000 organizations in the United States. With over $901 billion in assets under management as of December 31, 2011, 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, access your account or enroll in the Plan:

Visit the Plan’s website at https://teamstersnational.empower-retirement.com/ Prudential/Empower has developed a custom website for the Teamsters-National 401(k) Savings Plan. Here you will find important information, including investment option information, as well as access to:

  • Online Retirement Center – From this secure website, you can access your retirement plan information, including account balances, research your investment options and perform transactions.
  • Online retirement education – In addition to account access, you have access to a wide array of articles, calculators and tools to help you manage your retirement strategy.

Call Prudential/Empower Retirement’s toll-free telephone service at 1-833-569-2433 to obtain account information or perform transactions through your telephone keypad. Retirement Account Representatives are available to assist you Monday through Friday from 8 a.m. to 9 p.m. ET.


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2024 California Teamsters Hispanic Caucus Scholarship Applications NOW AVAILABLE

The California Teamsters Hispanic Caucus is proud to offer its 2024 Scholarship.  The California Teamsters Hispanic Caucus Scholarship digital fill-in form application can be downloaded by Clicking the "read more" button, or a paper copy can be picked up in person at the Union Hall.  The instructions, requirements, and deadline to submit the application are detailed on the application form.
Download: California Teamsters Hispanic Caucus Scholarship digital fill-in form.pdf

Yellow Corporation Bankruptcy Update Regarding Member WARN Act Claims

4/18/2024 - The following is a message from John A. Murphy, IBT National Freight Director and Co-Chair, TNFINC: Re: Yellow Corporation Bankruptcy Update Regarding Member WARN Act Claims TO ALL LOCAL UNIONS HAVING MEMBERS EMPLOYED OR FORMERLY EMPLOYED BY YELLOW CORPORATION AFFILIATES I.

Teamsters Local 492 Wins Historic Grievance Against Sysco for Members

4/16/2024- It is with great pleasure that I can report to all our members, that Teamsters Local 492 has won a hard-fought grievance for our Sysco brothers and sisters! On April 03, 2020, a grievance was filed to enforce the forty-hour language in our contract.  This grievance was filed during the Walter Maestas administration, in the early stages of Covid-19.

Teamsters 492 Organizing Victory in NM at Southern Glazer’s Wine & Spirits

On behalf of Teamsters Local 492, I would personally like to congratulate all of the workers at Southern Glazer’s Wine & Spirits in this Local's jurisdiction, which includes warehouse workers, loaders, drivers as well as hostlers/yard jockeys.

TForce Freight – Article 44 Rail & Subcontracting Update

TForce Freight – Article 44 Rail & Subcontracting Update The IBT has reviewed the monthly filing by TForce Freight to TNFINC and pursuant to the requirements of the 2023-2028 National Master TForce Freight Agreement’s Article 44. TForce Freight’s for the month of January 2024 was 43.44%, which is under the 45.8% limit as of January 31, 2024.

Correction: Notice of 492 Contact Info

Correction: Notice of 492 Contact Info 1/26/2024- Recently, an email was sent out with incorrect information regarding contact info for our 492 bookkeeper who handles Dues, Life with Dues, and Pension appointments, Monique Montoya. Her correct 492 office phone number is 505-344-1925 Ex. 12.

WCTPT Summary Plan Booklet 2023 Now Available

The Updated Western Conference of Teamsters Pension Trust Summary Plan Booklet 2023 is Now Available in PDF Form. Also, building on the strong investment results of 2023, the Trustees of the Western Conference of Teamsters Pension Trust have approved major benefit improvements.
Download: WCTPT_Summary_Plan_Booklet_2023.pdf


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Teamsters Local 492
4269 Balloon Park Road NE
Albuquerque, New Mexico 87109
  505-344-1925

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