1681 East Cope Avenue Suite B
Maplewood, MN 55109
651-770-0991 | 1-800-396-2903
Wachovia now part of Wells Fargo:click here
The Sheet Metal Local 10 Supplemental Retirement Fund is a defined contribution pension plan that is comprised of employer conbributions that provides an annual balance available at retirement age. Wachovia is the custodian for this fund.
Request a PIN (pin number)
Individual Account Balance
Distribution Rules and or requests
statement Options
Change In Beneficiary
Summary Plan Description
Request a PIN ( pin number)
Contact Wachovia at 1-866-562-2510
Individual Account Balance
You are mailed a quarterly statement from Wachovia. Please locate this document or contact Wachovia
at 1-866-562-2510 if you cannot find it or need more up to date information.
Distribution Rules and or requests
Contact Wachovia at 1-866-562-2510 or go to www.wachovia.com/myretireplan.
Investment Options
Contact Wachovia at 1-866-562-2510 or goto their website at www.wachovia.com/myretireplan.
Change in Beneficiary
You can make a designation to just the Sheet Metal Local 10 Supplementa Retirement Fund, by clicking this link Sheet Metal Local 10 Supplemental Retirement Fund Beneficiary Form. Or you may click on this link Change in Beneficiary Designation in order to make a change in the designation of your beneficiary for all funds administered by the Fund Office. Or e-mail Terry Doerfler tdoerfler@smwbenefits.com or call 651-770-0991, or 1-800-396-2903 and request a change in beneficiary form.Summary Plan Description
Under construction. In the near future you will be able to view the Summary Plan Description online. If you would like a Summary Plan Description mailed to you, please contact the Fund Office at 651-770-0991.
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Wachovia now part of Wells Fargo
You'll continue to receive the superb service you've always enjoyed and you'll also benefit from the strength and stability of Wells Fargo. We will keep you informed during the integration process and will let you know if there are any changes that may affect you. If you have any questions, please call the Participant Account Services number provided on this site.
SPECIAL MESSAGE FROM YOUR TRUSTEES REGARDING WACHOVIA BANK
October 7, 2008
Dear Brothers and Sisters,
Wachovia Corporation, the record keeper for the Sheet Metal Local 10 Supplemental Retirement Fund announced on Friday that they were being bought by Wells Fargo Bank. This transaction will not be final for a few months, but the combination is friendly and Wells Fargo will become responsible for all of Wachovia’s business and obligations. Wachovia Retirement Plan Services, the division of Wachovia Corporation that provides services to our Fund, will also become part of Wells Fargo.
Wells Fargo is a triple-A (“AAA”) rated financial firm with a strong capital position, so this acquisition improves the financial strength of our record keeper. Wells Fargo is also in the retirement plan business, so they should understand what is necessary to maintain a high level of services to our Fund.
What does this mean for my retirement account?
Your retirement assets are held in trust and are not part of the assets of the bank, so your account is secure. All of the key employees in Minneapolis and Charlotte, who currently service your account, will remain in their jobs and there should be no interruptions in the services that they provide to the Fund. In the future, we expect the two retirement plan business to be combined, but we are hopeful that this will improve the range of services available to our Fund.
What are the Trustees doing about this change?
The Trustees are in close contact with both Wachovia and Wells Fargo and they are evaluating how the merger will affect the Fund. An initial examination of the administrative and investment services provided by Wachovia is underway and we are satisfied that there will be no interruption of services. In addition, the Trustees have directed the Fund’s Independent Investment Consultant to conduct an on-site review of Wachovia to examine how these changes might affect their long-term relationship with the Fund.
Do I need to do anything with my account?
You do not to need to take any actions due to this change at Wachovia. However, the merger of the bank is a reflection of the much wider financial problems that are affecting our economy. In anticipation of these economic problems, the Trustees have taken a number of steps to reduce the risks in the SMW 10 Core Fund. The diversification of the Core Fund will help secure your account through the market turmoil. If you self-direct your retirement account, check to make sure that you are well diversified and invested appropriately to achieve your individual objectives.
Where can I get more information?
Contact a Wachovia Representative at 1-866-562-2510.