Logo
Profile Administrator Log In  
 


December 27, 2016 | Print | Site Map | Help
 

Annuity Plan

 
Investment Income

Investment Income Factor

The investment income factor shall be determined as follows:

  1. Determine the total investment income for the Fiscal Year, net of any investment related expenses and minus the following amounts:
    1. Contributions determined by the Trustees to be delinquent and uncollectible.
    2. Contributions required to be made to Participant Individual Accounts in accordance with USERRA and Section 414(u) of the Internal Revenue Code.
  2. For the first Valuation Date after the inception of the Plan, determine the total Contributions received during the Fiscal Year.
  3. For the second and subsequent Valuation Dates, determine the sum of the Individual Account balance on the preceding Valuation Date for those accounts that were in existence on the preceding Valuation Date and remain in existence on the current Valuation Date.
  4. For the first Valuation Date, divide a. by b. For the second and subsequent Valuation Dates, divide a. by c. The result is the Investment Income Factor.

Allocation of Investment Income to Individual Accounts

The investment income to be allocated to the Employee’s Individual Account for the Fiscal Year is obtained by multiplying the Investment Income Factor by a. or b. below.

  1. For the first Valuation Date, the Contributions made or required to be made to the Employee’s Individual Account during the Fiscal Year.
  2. For the second and subsequent Valuation Dates the Individual Account balance on the preceding Valuation Date.

The investment income to be allocated to the Participant’s Individual Account shall not include any amounts that would otherwise be based on Contributions made to the Participant’s Individual Account in accordance with USERRA and Section 414(u) of the Internal Revenue Code.

References to specific section(s) of the Plan can be found in the Official Plan Document under Plan Documents on this website.

Contact Plan Administrator

Telephone NumberPhone:
(866) 894-3705

ContactEmail:
paintersinfo@hsba.com

Click for MapVisit Us
Health Services & Benefit Administrators, Inc. (HS&BA)
4160 Dublin Boulevard, Suite 400
Dublin, CA 94568-7756

Contact Website Technical Support
regarding questions related to the use of this web site.

Toll Free(866) 367-8265

Untitled Document