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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WTWT Memo - Termination of BCBSNM Effective September 1, 2026

WTWT Memo - Termination of BCBSNM Effective September 1, 2026 To: All Active Western Teamsters Welfare Trust Participants Who Participate in the BlueCross BlueShield New Mexico (BCBSNM): RE: Termination of BCBSNM Effective September 1, 2026 7/9/2026 - BCBSNM’s premiums have been increasing at an alarming rate and they are the most expensive HMO option in the 11-state area covered by the Trust. Over the years, the Trust has communicated to BCBSNM that if their premiums continue to increase, then it would be likely that the Trust will terminate BCBSNM as an option. Unfortunately, BCBSNM proposed another increase for the September 1, 2026, through August 31, 2027, plan year. BCBSNM remains the most expensive HMO option at a monthly premium of $3,018.84 per Active employee. For comparison’s sake, the Trust’s self-funded benefits currently cost on average $1,908.79 per Active per month or $1,110.05 a month less than the BCBSNM rate.

2026 ABF Pension Contribution Increase

SUBJECT: ABF Freight Pension Contribution Increase Effective August 1, 2026 Brothers and Sisters, Effective August 1, 2026, the new total pension contribution rate for ABF Freight members in the West will be $10.58 per hour. This rate includes the contractual $0.99 per hour increase. Because the Western Teamsters Welfare Trust (WTWT) has not increased Health & Welfare contribution rates for the 2026 plan year, no portion of the contractual increase will be allocated to Health & Welfare benefits.

UPS Cola Update 2026

RE: Cost-of-Living (COLA) Adjustment of $0.22 on August 1, 2026 Inflation triggered a 2026 COLA increase of $0.22 per hour and 0.55 cents per mile under the 2023-2028 National Master United Parcel Service Agreement. The U.S. Department of Labor's Bureau of Labor Statistics reported the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased to a level of 328.829 points ( 1982-84= 100) in May 2026. This triggers a COLA increase because the CPI-W Index points exceeded 325.283 points. Per Article 33 of the contract, a COLA increase

IBT Notice To All ABF Local Unions Regarding the 2026 COLA Increase

6/8/2026 - View The IBT Notice To All ABF Local Unions Regarding the 2026 COLA Increase, which can also be viewed below: TO: ALL LOCAL UNIONS SIGNATORY TO THE 2023 – 2028 ABF FREIGHT NATIONAL MASTER FREIGHT AGREEMENT FROM: John A. Murphy, National Freight Director DATE: June 8, 2026 RE: ABF Freight -NMFA Article 33, Sec. 4 - COLA The U.S.

YELLOW CORPORATION BANKRUPTCY UPDATE

YELLOW CORPORATION BANKRUPTCY UPDATE 7/1/2026 - Click Here to read the June 30th, 2026 YELLOW CORPORATION BANKRUPTCY UPDATE from the IBT.  Fraternally,  Jesus R. Vidaca, Teamster LU492 Freight Business Agent https://bit.ly/3RCi7j1

Tell Congress to Pass the Fast Labor Contracts Act!

Tell Congress to Pass the Fast Labor Contracts Act! Workers shouldn’t have to wait years for their first contract! Workers have the right to a collective bargaining agreement after they vote for a union, but the law is full of loopholes and companies drag out the negotiation process for years. On average today, it takes 458 days to secure a first contract.

Rocky Mountain Teamster

This month's Rocky Mountain Teamster is available to read online along with all Rocky Mountain Teamsters going back to 2008.

Update on Overtime Tax Deduction

Update on Overtime Tax Deduction The Teamsters Package Division has received questions from members about the "No Tax on Overtime" provision included in the One Big Beautiful Bill Act (OBBBA) that was passed last year, including whether Package Division members are impacted by the legislation.


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

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