Updates and announcements for I.B.E.W. Local 332 members
I.B.E.W. LOCAL 332 PROFIT SHARING PLAN
OPEN ENROLLMENT PERIOD
June 1, 2022 – June 15, 2022
Members working for employers signatory to the Inside Agreement under the jurisdiction of I.B.E.W. Local Union No. 332 are eligible to elect to defer, on a pre-tax basis, part of their income into a 401(k) account established under the Profit Sharing Plan. To participate in the 401(k) feature of the Profit Sharing Plan, or to elect a new rate, file this election form with Local Union 332’s office by June 15, 2022.
- The next open enrollment period is in December 2022.
- 1st and 2nd Period Apprentices are not eligible to participate until their 3rd period.
- Do not submit this form if you are not changing your exisiting rate.
- If you have recipricol pension hours with another Local, you cannot participate in this 401(k) plan.
Upcoming conferences, seminars, and other events for I.B.E.W. Local 332 members
Known for its dynamic membership & its leadership in implementing the progressive technology that has shaped Silicon Valley.
Established in 1912, the International Brotherhood of Electrical Workers Local 332 is located in the heart of Silicon Valley. It is one of the largest I.B.E.W. Local Unions in Northern California with over 2,700 members.
We understand the administration of employee benefits
The Board of Trustees of the I.B.E.W. Local 332 Pension Trust Funds is dedicated to making the Funds more accessible and friendlier to Participants.
The Trust Fund sponsors two plans: the Defined Benefit Plan and the Defined Contribution & 401k Plan. The amount of benefits you receive, and your eligibility for certain rights under the Plan, depends on how much Benefit Credit you have accrued.