For Participants > Fund Information > 401(k)

The Northern California Carpenters 401(k) Plan, established September 1, 2008, is a “safe harbor” 401(k) pension plan intended to supplement retirement benefits accrued under the Carpenters Pension Trust Fund for Northern California defined benefit plan and the Carpenters Annuity Trust Fund for the Northern California defined contribution plan.

Employees covered by the Collective Bargaining Agreement that are eligible for Annuity contributions are eligible to participate in the 401(k) Plan. Apprentices, or other individuals covered by the Collective Bargaining Agreement that do not receive Annuity contributions, are not eligible to participate in the 401(k) Plan.

In a 401(k) Plan, you make contributions from your paycheck. This allows you to contribute your own money to your retirement savings, increasing the size of your retirement nest egg. The Plan gives you flexibility and control in the way you save for retirement. You'll be making the investment decisions, allowing you to choose the risk and return potential that are right for you.

How to Enroll in the Carpenter’s 401(k) Plan

Completing the Form to Enroll in the 401(k) Plan

Making payroll contributions to the 401(k) Plan offers you several advantages:

  • Automatic Saving — Regular payroll deductions make it easier to set aside money in the Plan. If you're under age 50, you may contribute up to $11.25 per hour not to exceed $18,500 in a calendar year. If you will be age 50 before the end of 2018, you may contribute up to $15.00 per hour not to exceed $24,500 in a calendar year.
  • Flexibility — You can choose from the dozens of investment options available to create a portfolio that's right for you at any, and every, stage of your life.
  • Immediate Tax Savings — If you choose to make pre-tax contributions, you postpone taxes on the contributions to your 401(k) Plan, reducing your taxable income each year you contribute.
  • Tax-deferred compounding — You won't pay taxes on any earnings until you begin to withdraw the money. Note: Withdrawals made prior to age 59½ generally will be subject to a 10% penalty tax.
  • You can also choose to make after-tax contributions to the Plan through a Roth 401(k). Roth 401(k) contributions are made with after-tax dollars, so they won't reduce your current taxes. The advantage to these contributions is that when you take a qualified distribution of your Roth 401(k) contributions, your withdrawals are not taxed.

You may make your investment choices 24 hours a day, seven days a week by using MyLifeNow™, John Hancock Retirement Plan Services' account management system. Access the system online at or toll-free at 1-800-294-3575. You'll need to set up a User ID and PIN/Password, then go to the “Manage My Account” tab and select “Investment Election Change.” You'll be able to select your investments from that screen.

If you do not make a choice for your investments, your contributions will be invested in a target date retirement fund most suitable for you, based on your date of birth. You can change your investment mix at any time through MyLifeNow.

For more information on other features of the Plan, like loans or withdrawals, please refer to the Summary Plan Description (SPD). The information provided by this website is presented in summary fashion. The Rules and Regulations of the Plan govern the administration of all benefits.

Only the full Board of Trustees:

  • is authorized to interpret the Plan Rules and Regulations;
  • has the authority to modify or change the rules of the Plan;
  • may give binding answers, and then only if you have furnished full and accurate information concerning your situation in writing;
  • shall be the sole judge of the standard of proof required in any case and the application and interpretation of this Plan;
  • shall render decisions final and binding on all parties, subject only to such judicial review as may be in harmony with federal labor policy.

No Employer or Union nor any representative of any Employer or Union is authorized to interpret the Plan on behalf of the Board -- nor can these persons act as an agent of the Board of Trustees. Benefits are paid in accordance with the Plan Rules and Regulations. All other documents, including the Summary Plan Description, are interpretations of the Plan Rules, and in the event of a discrepancy, the Plan Rules prevail.

Forms, Documents & Other Resources