Pensions, IRA’s, and Savings Accounts
For many members, these longstanding retirement savings vehicles have been the basis for their retirement planning. If you desire to do more, however, the Teamsters Union affords you that wonderful opportunity.
Whether you plan on traveling, taking up a new hobby or spending more time with your family, it will take additional money to do so. The Teamsters-National 401 (k) Savings Plan is a great way to save for your future plans.
Benefits of the plan include:
- Tax savings through before-tax contributions (when you contribute to your plan account on a pre-tax basis, less of your income is taxed when you get paid);
- Potential tax-deferred growth on your account (any investment growth is not taxed until you withdraw the money); and
- A variety of investment options (including target date funds and a self-directed brokerage account).
Take this opportunity to find out if your Employer is participating in the plan and make sure you are making the most of all the retirement planning options available to you.
To find out more about the plan visit Prudential.com (Teamsters 401k Plan).
Prudential provides recordkeeping and account access service on behalf of the Plan.
To contact Prudential via telephone, please dial 1-877-778-2100. Participant Service Representatives are available Monday through Friday, 9:00 A.M. to 8:00 P.M.
PLEASE NOTE: This benefit is not handled through the Local 731 Benefit Fund Office.