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Teamster 401(k)

Retirement Saving

 

What's Retirement All About?

Relaxing. Having fun. Traveling. Basically, doing all the things you never had the time for when you were working.

Unless you’re expecting to inherit a lot of money, or you’re counting on winning the lottery, you should be saving for your retirement. And, the best time to start saving is NOW.

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 (the Employee Retirement Income Security Act), which protects plan participants.

MassMutual Is Your Service Provider

MassMutual Retirement Services, a division of Massachusetts Mutual Life Insurance Company (MassMutual) is serving as the service provider for the Teamsters-National 401(k) Savings plan. MassMutual Retirement Services’ expertise in the retirement industry and their leading-edge technology allows us to enhance our Plan on an ongoing basis.

Established in 1851, MassMutual is one of the nation’s oldest and most respected financial institutions. MassMutual has several billion in retirement assets under management. MassMutual has received some of the highest ratings from the industry’s leading independent analytical rating services.

Manage your account online or learn more about the services offered by MassMutual.

For more information

To learn more about the Teamsters National 401(k) Savings Plan, to access your account or to enroll in the plan,

  • Visit The Journey, MassMutual's participant web site; or

  • Call 1-800-74-FLASH (35274), MassMutual's automated voice response system. This service also provides access to information about your retirement account from any touch-tone telephone, 24 hours a day, 365 days a year. Account information is updated daily.

    If you call FLASHSM, 1-800-74-FLASH (35274), between 8:00 a.m. to 8:00 p.m., Eastern Time (Monday-Friday), MassMutual’s customer service representatives can answer your questions and guide you through your transactions. Multilingual representatives are available.

  • Email MassMutual if you have a specific question for the Teamsters National 401(k) Savings Plan service provider.

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

Disclaimer

This information should not be taken as investment advice. For more information about saving for retirement and investing, check out the many consumer magazines available such as Money, Kiplinger's Personal Finance Magazine and Smart Money. Most large bookstores have extensive investment and financial sections, and the public library is always a good source for books, magazines, and copies of specialized investment reporting service publications. If possible, you should also talk with a financial professional before making any investment decisions. Because you make the decisions regarding how to invest your plan money, the International Brotherhood of Teamsters, your employer, plan trustees and other fiduciaries are not responsible for any losses as a result of your decisions. Every effort has been made to ensure the Teamsters National 401(k) Savings Plan complies with Section 404(c) of the Employee Retirement Income Security Act.