YOUR DEFINED CONTRIBUTION RETIREMENT BENEFITS

The Board of Trustees of MCASF Local 725 Defined Contribution Retirement Fund is pleased to welcome you to the Defined Contribution website. Within this website, you will have access 24 hours a day, 7 days a week to commonly requested forms, useful highlighted links, and frequently asked questions regarding your benefit information.

About the Defined Contribution Fund

The MCASF Local 725 Defined Contribution Retirement Fund is a defined contribution retirement plan. The Plan most recently was amended and restated, effective July 1, 2021, and subsequently was amended from time to time to make necessary and desirable changes.

The Plan is managed by a Board of Trustees comprised of both Local Union 725 and MCASF representatives. This site provides Participants with online access to complete information about your Defined Contribution Retirement Plan.

You should file an Retirement Application well in advance of the date you expect to retire. You may request an Application from the Benefit Office, as well as seek assistance during the application process. Early filing will help you to avoid a delay in the processing of your application and the payment of benefits.

DC Fund Preliminary Investment Results

3.3% YTD as of Mar. 31, 2024

Make your retirement nest egg bigger...

Did you know you can increase your retirement nest egg through an employee deferred contribution?

In addition to the $1.00 per hour that your Employer pays on your behalf for every hour you work to the Defined Contribution Retirement Fund, you can elect to have your employer withhold from your gross wages an elective contribution that will increase your retirement account.

The 2024 calendar maximum for Elective Contribution is $23,000. If you will be at least 50 years old on December 31, 2024, you may elect to have an additional "Catch-Up" elective contribution up to a maximum of $7,500.

Before deciding on electing an employee elective contribution, which will be deducted from your gross pay, you should consult a personal financial and tax advisors for guidance.

The election is for the whole calendar year and cannot be changed or stopped.

Election Period From
October 1st to November 30th

Mark your calendar to do the 2025 Election to increase your retirement benefit

2022 Summary Annual Report

The Summary Annual Report (SAR) provides members with important information regarding the Plan. The SAR is required by law to be provided to members by November 15th of each following year.

2022 SAR

Summary Plan Description

The Board of Trustees are pleased to provided you with the Summary Plan Description, Effective July 1, 2021

This SPD provides the most up to date summary of plan provisions and rules.

Get Your SPD

More Information

On the Defined Contribution Retirement Plan, Contact the Benefit Office @ (754) 777-7735

or Click on the Frequently Asked Questions or Documents pages for additional information or forms.

Participant Portal

You can review your personal information, 24 hours a day, 7 days a week. Check your account balance(s), hours worked, contributions received on your behalf, you beneficiary and more. You can do address changes directly in the portal as well as upload personal documents securely.