Introduction

The Pipe Fitters' Local 597 Individual Account and 401(k) Plan allows Local 597 members the ability to defer a portion of their pay into the Individual Account and 401(k) Plan.

As a result of this deferral, the member's contribution is not treated as taxable income nor is the investment income on the member's account taxable until withdrawals are taken. 

Overall, the Plan is designed to supplement a member's monthly retirement income.  The Individual Account and 401(k) Plan has contracted with Mass Mutual to provide certain record keeping services and to offer members variety of investment options.

Currently, over 6,500 members have accounts in the Individual Account and 401(k) Plan with assets totaling over $220 million. 

Any information that is contained on this web site as it relates to the Welfare Fund, Retirement Fund,
Training Fund or the Individual Account and 401(k) Plan; is supplied for informational purposes only and does not
amend, replace or constitute your summary plan description or plan documents for each of those funds or plans.