Southwest Service Administrators, Inc.
U.A. Plumbers And Steamfitters Defined Contribution And 401(k) Plan Of Texas
How do I apply for my annuity?
Complete and print the online Annuity Benefit Application and mail to the Fund Office at P.O. Box 43170, Phoenix, AZ 85080-3170.
How do I find out how much my Annuity Benefit will be?
Complete and print the online Benefits Statement Request Form and mail to the Fund Office at P.O. Box 43170, Phoenix, AZ 85080-3170. You can also look up your benefit online at www.svsval.com
How do I change my investment options?
How do I change my address?
Complete and print the online Change of Address Form and mail to the Fund Office at P.O. Box 43170, Phoenix, AZ 85080-3170.
How do I designate or change my beneficiary?
Complete and print the online Beneficiary Form and mail to the Fund Office at P.O. Box 43170, Phoenix, AZ 85080-3170.
Can I fax information to the fund office?
The fund office can only accept documents with original signatures to prevent fraudulent activity.
Am I allowed to take a withdrawal from my Annuity Benefits?
You may be allowed to withdraw from your Annuity Benefits once you have met one of the following:
· Age 55 and complete withdrawal from the industry (verified by your Local)
· Total and Permanent Disability (proof of disability required)
· Termination – After 24 consecutive months with no contributions
· Unemployment – Following 3 consecutive calendar months of unemployment in any type of work. Must be in good standing and on the “out of work” list as verified by the Local.
Am I allowed to take a Hardship Distribution?
You may be allowed to withdraw your own 401-K Employee Account contributions under certain criteria. Before approval, you must provide documentation showing the need for the Hardship Distribution and the amount of the Hardship Distribution. All Hardship Distributions are subject to Board of Trustee approval.
Examples of acceptable circumstances for a Hardship Withdrawal include (but are not limited to):
· Medical care Expenses for the Employee, the Employee’s spouse or a dependent
· Cost related to purchase of a principal residence for the Employee
· Tuition, related educational fees, and room and board expenses.
· Payments necessary to prevent eviction of the Employee from the Employee’s principal residence or foreclosure on mortgage.