Forms and Notices
Please complete and return forms to the Fund Office.
IBEW Local No. 701 Benefit Fund Office28600 Bella Vista Parkway Suite 1110
Warrenville, IL 60555
Tel: (630) 393-1701
Fax: (630) 393-3615
Forms
401K Elective Deferral Form (2025) - Authorize to make payroll deductions from each paycheck and to contribute the amount of the deduction to your individual account.
401K Elective Deferral Form - (Employer Change) - Authorize new employer to make payroll deductions from each paycheck and to contribute the amount of the deduction to your individual account.
Notices
401K Elective Defferal Limits (2025) - Elective deferral limits for the year 2025.
RSF SMM Withdraw Rules (01/01/07) - Individual's retirement savings account balance may be seized by creditors in bankruptcy proceedings if the retirement plan provides for hardship withdrawals. Individual accounts of retirement savings plans that do not allow hardship withdrawals are not subject to seizure by creditors.
RSF SMM 2009 Distribution Rules (09/17/09 - Plan provision that will allow a participant to receive a second in-service distribution for all but the previous two years (determined from the date of the Participant’s request) of contributions, with a maximum request of $50,000, between now and the end of 2009
RSF SMM 2010 Distribution Rules 08/01/10 - Plan provision that will allow a Participant to receive a second inservice distribution for all but the previous two years (determined from the date of the Participant's request) of contributions, with a maximum request of $50,000, between now and December 31, 2010.
RSF SMM Loan Program Changes (01/01/12) - As a participant in the Fund, you will be eligible to borrow from your individual account for any reason.
RSF SMM Disability Claim Appeals (05/01/18) - this notice explains the new procedures for claims and appeals related to disability pension applications filed on or after April 1, 2018, as well as retroactive terminations of disability pensions occurring on or after April 1, 2018.
RSF SMM 401K Elective Defferals (01/01/24) - Effective January 1, 2024, the Plan has added a 401(k) Employee Contribution feature which will permit collectively bargained employees, whose home local is Local 701, to defer a percentage of their income, prior to taxation, to their Retirement Savings Fund account.
RSF SMM 401K Secure 2.0 Changes and Super Catch-up Contributions (2025) - Changes reflected in an amendment recently adopted to the Plan to (i) comply with the SECURE 2.0 Act of 2022, enacted December 29, 2022, and (ii) allow eligible participants to elect to make super catch-up contributions as permitted by Internal Revenue Code (“IRC”) Section 414(v)(2).
ACH Loan Payments Instructions - You can now remit loan payments via ACH to post your payment faster and avoid checks getting lost in the mail.