All regular full-time and part-time employees covered by a Collective Bargaining Agreement between the participating employer and Teamsters Union Local 170 or those employed by an organization established or maintained by the Union or by the Union jointly with a contributing employer are eligible to participate in the Plan after meeting the eligibility requirements listed below. In addition, retired employees who have participated in the Active Employee plan and who meet the age, requisite number of years of participation and other requirements set forth in this SPD are eligible to participate in the Plan.
The Fund does not allow Company owners to participate in the Fund. Owners are defined as follows: (this includes the interest of spouses.)
- a sole proprietor who is a contributing employer, and the spouse of a sole proprietor; or
- a partner in a partnership which is a contributing employer, regardless of the size of the partnership interest; a spouse of any partner is also considered an owner; or
- anyone who, alone or with a spouse, owns fifty-one (51%) percent or more of the stock of a corporation which is a contributing employer; or
- anyone else whose ownership interest in a contributing employer would, in the opinion of the Trustees jeopardize the status of the Employee Health & Welfare Fund or violate the Employee Retirement Income Security Act of 1974 (ERISA).