QUESTIONS AND ANSWERS

1. Is the Retirement Savings Plan a Pension Plan?
No. Technically, the Retirement Savings Plan is profit sharing/401(k) plan. Employers are required to make contributions at a set rate for each hour that you work in covered employment. These are Employer profit sharing contributions made on your behalf. In addition, you may elect to reduce your regular hourly wage by an amount and in the manner provided for in the collective bargaining agreement and have an equivalent amount contributed to the Plan. These are “elective deferrals” or 401(k) contributions. Both profit sharing and elective deferral contributions are tax-deferred (which means you will pay tax on them when they are distributed from the Plan). Elective deferral contributions, however, are subject to FICA and Medicare (social security) payroll) taxes. Despite the fact that this Plan is no longer a money purchase pension plan under the Internal Revenue Code, virtually the same eligibility and distribution rules apply to this Plan as had applied to the Northern California Electrical Workers Money Purchase Pension Plan.

2. Who is Covered by the Plan?
Employees of contributing Employers who employ electrical workers pursuant to a collective bargaining agreement between IBEW Local 6 and the San Francisco Electrical Contractors Association (SFECA) and other Employers not affiliated with SFECA which require contributions to this Plan are covered by this Plan. Alumni employees of IBEW Local 6 and the Joint Apprenticeship Training Committee participate pursuant to subscription agreements entered into with the Plan. In addition, former bargaining unit personnel who qualify as alumni employees of currently contributing Employers are also permitted to participate in the Plan pursuant to alumni subscription agreements.

3. May I Work in the Electrical Industry after Retirement and Still Collect Benefits?
No, with certain exceptions. There are specific rules that address employment in the electrical industry after retirement, and any monthly payment you are receiving will be suspended if you work in prohibited employment as defined in Section XII of this booklet. You must contact the Plan Office to determine whether post-retirement work you are considering performing is in the electrical industry. You are permitted to perform other types of work which is not in the electrical industry.

Exceptions to the Plan's benefit suspension rules include work confined to sale or manufacture of electrical equipment, as an instructor in an AFL-CIO affiliated apprentice and training program, or as a public or private building or electrical inspector.

4. May I Use my Benefits as Security?
No. Federal law does not permit you to assign, sell or otherwise dispose of your rights, nor can anyone else obtain your rights under the Plan. One exception to that rule is that a court may order that all or a portion of your benefits be used to satisfy child or spousal support obligations pursuant to a Qualified Domestic Relations Order. In addition, the Plan may be required to comply with an IRS levy on your benefits once your benefits are in pay status.

5. May I Borrow from the Plan?
No. The Plan does not allow Participant loans.

6. May I Withdraw my Benefits in a Lump Sum?
Yes. Lump sum distributions are permitted under the Plan; however, if you are married, to be entitled to a lump sum distribution, you must obtain your spouse's written consent to waive the Joint and Survivor Annuity form of benefit. This waiver must be signed before a notary or a Plan representative. The Plan's benefit options are summarized in Section VII of this booklet.

7. May I Contribute to the Plan When I am Not Working?
No. The Internal Revenue Code does not permit contributions for periods you do not work. However, during any open enrollment period you may elect to defer a portion of your wages in increments specified in a collective bargaining agreement when you are working, and have such deferrals contributed by your employer to the Plan. These are 401(k) contributions which will not be subject to federal and state income taxes, but will be subject to FICA and Medicare (social security) payroll taxes.

8. What Happens to the Employer and 401(k) Contributions Made on My Behalf When I Work in the Area of Other IBEW Unions?
If you work under a collective bargaining agreement in the jurisdiction of another IBEW local union, your Employer's contributions to a defined benefit or defined contribution plan under that agreement will be made on your behalf to that local union's fund(s). If 1) that local union's fund is signatory to the Electrical Industry Reciprocal Agreement, 2) IBEW 6’s fund is your “Home Fund,” and 3) you execute a transfer authorization via the Electrical Reciprocal Transfer System (ERTS), then the contributions that are reported to the other fund will be transferred to this Plan and be calculated as if you had worked in IBEW Local 6's jurisdiction. For a more detailed summary of what happens, see Section XIII of this booklet.

Employee wage deferrals (401(k) contributions) elected pursuant to an IBEW 6 collective bargaining agreement will not be deducted from your wages while you are working in another jurisdiction unless you are working in another jurisdiction pursuant to the IBEW/NECA Employee Portability Agreement.

9. If I am a Traveler Working in Local 6’s Jurisdiction, What Happens to the Employer and 401(k) Contributions Made on my Behalf?
Employer profit sharing contributions may be reciprocated to your home local fund through the Electrical Industry Reciprocal Agreement if your home fund is signatory to that agreement and you execute a transfer authorization via ERTS. However, if you have elected to defer a portion of your wages under a Local 6 collective bargaining agreement as 401(k) contributions, these contributions will not be transferred to your home fund. (For additional information regarding reciprocity, see Section XIII of this booklet.)

If, while you were working in IBEW Local 6's jurisdiction you had the opportunity to transfer your contributions to your Home Fund and you chose not to do so, you will not be eligible to later roll over your individual account to that other IBEW plan. This rule will not apply, however, in the event that no reciprocal agreement was available for the transfer of your contributions or a transfer of contributions was not otherwise possible to your home fund at the time such contributions were made on your behalf to this Plan. In that event, when and if a reciprocal arrangement is later entered into by this Plan and your home fund, you will be offered the right to roll your accumulated individual account in this Plan into your home fund, provided your home fund will accept such a rollover.

10. If I Leave Local 6's Jurisdiction Before I Retire, May I Withdraw my Retirement Plan Benefits?
No, not in most situations. If you leave IBEW Local 6's jurisdiction but remain in the electrical construction industry, you will not be entitled to a distribution from this Plan. If, on the other hand, your individual account balance is $5,000 or less, you have not engaged in any work in the electrical construction industry for 18 consecutive months, and you certify that you do not intend to so work within the jurisdiction of IBEW Local 6, you may withdraw your benefits from the Plan. No spousal consent is required for such small distributions.

11. Can I Roll Over My Benefits To Another Plan or Account?
Yes, in many situations. If you are entitled to a distribution from the Plan that is eligible to be rolled over, and your spouse, if you are married, consents to your waiver of the Joint and Survivor Annuity form of benefit, you may roll over a portion or all of your individual account balance to another qualified individual account plan (that will accept it) or an Individual Retirement Account. There are time limits for making a tax deferred rollover, usually within 60 days of the distribution date. (See Section XI of this booklet for more information on rollovers.)

If you are not yet eligible for a distribution from the Plan, you may also be entitled to “roll over” your individual account to your “home fund” as defined in the Electrical Industry Reciprocal Agreement (See Section XIII of this booklet), but only if 1) the Plan will accept the rollover and 2) you did not have the opportunity to transfer your Employer contributions to your home fund under the Electrical Industry Reciprocal Agreement while your were working in IBEW Local 6's jurisdiction either because the accruals were made before industry reciprocity went into effect or because the San Francisco Electrical Workers Retirement Plan (or predecessor Money Purchase Plan) was not your Home Fund as defined in the Electrical Industry Reciprocal Agreement at the time of your participation.

12. If I Work in Another Jurisdiction But Want the Contributions Made on my Behalf Rolled Into this Plan, May I do so?
Yes, if the plan sponsored by the IBEW local union in the jurisdiction you are working is an individual account pension or profit sharing plan and that plan is signatory to the Electrical Industry Reciprocal Agreement. Because the Electrical Industry Reciprocity Agreement does not cover 401(k) elective deferral plans, however, any elective deferrals under that plan may not be reciprocated to this Plan. An exception to this rule occurs when you are working in a jurisdiction covered by the IBEW/NECA Manpower Portability Agreement. In that event, your Employer will transmit your elective deferral contributions directly to this Plan.

13. May I Direct the Investment of All or a Portion of My Individual Account Balance?
Yes. Once your individual account aggregates $5,000, you may self-direct the investment of up to 100% of your account among one or more mutual funds that have been selected by the Trustees to give you a broad range of choices based upon your age, style of investment desired and diversification of your portfolio. In order to begin self-directing investments, however, you must satisfy the investment education requirements approved by the Trustees and certify in writing that you have done so. Should you decide to self-direct the investment of less than 100% of your individual account, the Trustees will continue to invest that portion of your account that you have not chosen to invest on your own. (More detailed information regarding self-directed investing appears in Section V of this booklet.) For a current list of available investment funds, please contact the Plan Office.

14. If I do not Direct Investment of All or a Portion of My Account, How are My Plan Funds Invested By the Trustees?
The Board of Trustees has adopted a "Statement of Investment Guidelines" to guide them in investing the Plan's assets in the Trustee Directed Investment portfolio. The Trustees' objective is to achieve a satisfactory total return through investment in a diversified portfolio of fixed income and equity securities consistent with acceptable risk and prudent investment management.

The Trustees have contracted with Dodge & Cox, a nationally known investment manager headquartered in San Francisco, to invest the Trustee directed investment of plan assets in accordance with the Investment Policy adopted by the Board of Trustees. Your Plan's assets are primarily invested in stocks and bonds (and other fixed income investments). The Trustees have also contracted with Alan D. Biller & Associates to provide investment consulting services which includes monitoring the Fund’s investment performance and ensuring compliance with the Investment Policy and Guidelines.

15. How Often and When Do I Receive an Account Balance Statement?
The Plan provides you with quarterly statements showing the value of your individual account, including Employer contributions made on your behalf during the prior period, expenses charged to your individual account during the quarter and any earnings (or losses) allocable to your account for the quarter. The quarterly statements reflect the value of your individual account as of the end of March, June, September and December.

16. May I Access My Account On Line?
Yes. Fidelity Investments has been contracted by the Plan to perform recordkeeping services for both the Trustee Directed Account portfolio that is managed by Dodge & Cox and the self-directed individual accounts. Your account is valued at the end of each business day to include any returns or losses on investments. You have online access to your account by logging on to Fidelity NetBenefits at fidelity.com/atwork. You can set up your personal identification number (PIN) online or by contacting Fidelity at 1-866-84UNION.

17. How Are Apprenticeship Hours Counted?
No contributions are made for the first level of apprentices. Thereafter, contributions are made for each hour of work in an amount specified in the collective bargaining agreement. Apprentices are not eligible to have 401(k) elective deferral contributions made on their behalf. They must wait until they become journey level employees.

18. Are There Limits to my Benefits Under IRS Rules?
The Internal Revenue Code limits the amount of Employer contributions that may be made to the Plan on your behalf to $45,000 for 2007. The Code also limits elective deferrals to $15,500 for 2007; however, Employer contributions and elective deferrals may not, in combination, exceed $45,000. These limits are adjusted for inflation periodically (usually each year) in accordance with a formula adopted by the Secretary of the Treasury. Although the Trustees do not anticipate that any participant will exceed these limits, the Plan is required to contain certain rules restricting annual contributions to your individual account to comply with applicable law.

19. What Should I do When I Want to Retire?
You should contact the Plan Office in the event you are disabled, or you intend to retire in the near future. The Plan Office will furnish you with a retirement application form, which you should complete and submit to the Plan Office. You are encouraged to contact the Plan office at least 4 months prior to your anticipated retirement to schedule an appointment with a Plan representative.

20. Once I Begin Receiving Benefits, May I Change my Benefit Option?
Possibly, depending on your initial benefit option. If you selected a Single Life or Joint and Survivor Annuity form of benefit obtained through an insurance company or other entity, your benefit option may not be changed. If, however, you selected a partial distribution or are receiving periodic or specified monthly payments, you may elect, with the consent of your spouse if you are married, to take a partial distribution of any amount once in a 12 month period or to take a lump sum distribution of your entire individual account balance.

21. If I Die Before Retiring Will My Beneficiary(ies) Receive Any Portion of My Benefits?
Yes. If you are married, but have not named your spouse as your beneficiary, your surviving spouse will be entitled to his or her community property interest in your individual account balance unless your spouse waived such entitlement (signed before a Plan representative or a Notary). In addition, a former spouse may be entitled to a portion or all of your benefits pursuant to a Qualified Domestic Relations Order (known as a QDRO). If you divorce, the previous designation of your former spouse as your beneficiary will be automatically revoked, unless you subsequently redesignate your former spouse as your beneficiary. If you are not married (or your spouse has provided the required written consent to permit your benefits to be paid to your designated beneficiary), benefits will be paid to your designated beneficiary or beneficiaries. For additional information on beneficiary designations, see Section IX.D.

22. Who Administers the Plan?
The Board of Trustees has sole and complete control of all matters involving this Plan. The Board of Trustees, alone, is authorized to interpret the Plan benefits described herein. No Employer, Union nor any other person or organization is authorized to interpret the Plan, except as authorized by the Board of Trustees. The Board of Trustees has the discretionary authority to determine benefit claims and to construe the terms of the Plan, and any amendments and other pertinent documents or rules and regulations

23. Where Can I Get Information Concerning the Plan?
This explanation of your Plan is only a brief description of the Plan. Copies of the Plan, Trust Agreement, and annual information return (Form 5500) are available for your review at the Plan Office during normal working hours upon written request.

You may obtain copies of these documents by written request and upon payment of reasonable copying charge (25 cents per page). You should contact the Plan Office to determine the charges. The Plan's phone number is 415-263-3670. You may write to the Plan office at: 720 Market St., Ste. 700, San Francisco, CA 94102. In addition, general Plan information, including this Summary Plan Description, and any subsequent notices of modifications to the Plan can be found on the Electrical Industry Service Bureau’s web site at EISB.org.

24.What do I Need to do Now?
You should ensure that your name and social security number are correct with each Employer for whom you work and inform the Plan Office of your correct address. When and if you change your address, inform the Plan Office immediately, otherwise important information regarding the Plan will not reach you. You should also submit a completed Designation of Beneficiary form designating who will receive your individual account if you should die.

Potential Issues
If you believe your Employer is not paying your contribution in full, immediately contact the Plan Office. In addition, if you receive a statement that you believe is incorrect, you should immediately notify the Plan office.