Assistance with Government Compliance

This pension fund covers commercial and residential workers in New York City (Program A), Long Island (Program B) and New Jersey (Program C).

Is the 32BJ Pension Fund in the Red Zone?

No. Under the Pension Protection Act of 2006, the Plan is not considered Endangered, Seriously Endangered, or Critical and is thus considered in the Green Zone the best funding status a plan can have under the PPA.

What are the notices you send me?

The 32BJ Pension Fund is required to send Contributing Employers the Annual Funding Notice. This is sent no later than 120 days after the end of the plan year, typically at the end of October. Click here for the current AFN , and Cover Letter. In addition, we are required to send Contributing Employers the Multiemployer Plan Summary Report within 30 days of filing the 5500. Click here for the most recent 104(d) notice.

Am I required to pay withdrawal liability if I withdraw from the union, lose my accounts or sell my building?

You may be subject to withdrawal liability. The rules are complex; if you have questions about the Plan’s rules or if you would like an estimate of your potential withdrawal liability, contact Employer Service at 212-388-3354. There is a fee of $1,800 for an estimate.

What information do I have to report on my financial statements?

You should rely on your accountant to conform to FASB guidelines, but the 32BJ Pension Fund has prepared a FASB ASU 2011-09 to assist your accountant.

This pension fund covers residential workers in the Bronx and Westchester, commercial workers in the Hudson Valley and some service trades and country clubs.

Is the North Pension Fund in the Red Zone?

The AFN provides detailed information about the status of the Pension Fund for the 2023 Plan Year. The AFN indicates for 2023 that the Pension Fund was not in endangered, critical, or critical and declining status in the 2023 Plan Year. The Plan emerged from "critical status" as of January 1, 2020 as defined by the Pension Protection Act of 2006 (PPA) and the Multiemployer Pension Reform Act of 2014. The Pension Fund’s actuary has certified that for Plan Year 2023 the Pension Fund is in the "green zone". This means the Pension Fund is no longer in critical status and has the best funding status a plan can have under the PPA.

Does the North Pension Fund have a Funding Policy?

Yes, the trustees of the North Pension Fund adopted a Funding Policy which includes annual contribution increases. Click here for a copy of the Funding Policy.

What are the notices you send me?

The North Pension Fund is required to send Contributing Employers the Annual Funding Notice. This notice is sent no later than 120 days after the end of the plan year, typically at the end of April. Click here for the most recent 32BJ mailing. In addition, we are required to send Contributing Employers the Multiemployer Plan Summary Report within 30 days of filing the 5500. Click here for the most recent 104(d) notice.

Am I required to pay withdrawal liability if I withdraw from the union, lose my accounts or sell my building?

You may be subject to withdrawal liability. The rules are complex; if you have questions about the Plan’s rules or if you would like an estimate of your potential withdrawal liability, contact Employer Service at 212-388-3354. There is a fee of $2,250 for an estimate.

What information do I have to report on my financial statements?

You should rely on your accountant to conform to FASB guidelines, but the 32BJ North Pension Fund has prepared a FASB ASU 2011-09 to assist your accountant.

This pension fund covers cleaners and other 32BJ members in the Broadway League theaters and other cultural and sports venues such as Lincoln Center, Madison Square Garden, and the stadiums.

Is the 32BJ/Broadway League Pension Fund in the Red Zone?

No, under the Pension Protection Act of 2006, the Plan is not considered Endangered, Critical, or Critical and Declining and is thus considered in the Green Zone.

What are the notices you send me?

The 32BJ/Broadway League Pension Fund is required to send Contributing Employers the Annual Funding Notice. It is sent no later than 120 days after the end of the plan year, typically at the end of April. Click here for the most recent 32BJ mailing. In addition, we are required to send Contributing Employers the Multiemployer Plan Summary Report within 30 days of filing the 5500. Click here for the most recent 104(d) notice.

Am I required to pay withdrawal liability if I withdraw from the union, lose my accounts or sell my building?

You may be subject to withdrawal liability. The rules are complex; if you have questions about the Plan’s rules or if you would like an estimate of your potential withdrawal liability, contact Employer Service at 212-388-3354. There is a fee of $1,500 for an estimate.

What information do I have to report on my financial statements?

You should rely on your accountant to conform to FASB guidelines, but the 32BJ Broadway League Pension Fund has prepared a FASB ASU 2011-09 to assist your accountant.

This pension fund covers commercial cleaners in Connecticut and certain workers at authorities, such as the Waterbury Housing Authority.

Is the 32BJ Connecticut Pension Fund in the Red Zone?

No, under the Pension Protection Act of 2006, the Plan is not considered Endangered, Critical, or Critical and Declining and is thus considered in the Green Zone.

What are the notices you send me?

The 32BJ Connecticut Pension Fund is required to send Contributing Employers the Annual Funding Notice. It is sent no later than 120 days after the end of the plan year, typically at the end of April. Click here for the most recent 32BJ mailing. In addition, we are required to send Contributing Employers the Multiemployer Plan Summary Report within 30 days of filing the 5500. Click here for the most recent 104(d) notice.

Am I required to pay withdrawal liability if I withdraw from the union, close my business or lose my accounts?

You may be subject to withdrawal liability. The rules are complex; if you have questions about the Plan’s rules or if you would like an estimate of your potential withdrawal liability, contact Employer Service at 212-388-3354. There is a fee of $1,800 for an estimate.

What information do I have to report on my financial statements?

You should rely on your accountant to conform to FASB guidelines, but the 32BJ Connecticut Pension Fund has prepared a FASB ASU 2011-09 to assist your accountant.

Is the 32BJ School Workers Pension Fund in the Red Zone?

No, under the Pension Protection Act of 2006, the Plan is not considered Endangered, Seriously Endangered, or Critical and is thus considered in the Green Zone.

What information do I have to report on my financial statements?

You should rely on your accountant to conform to FASB guidelines, but the 32BJ School Workers Pension Fund has prepared a FASB ASU 2011-09 to assist your accountant.

What are the notices you send me?

The 32BJ School Workers Pension Fund is required to send Contributing Employers the Annual Funding Notice. This is sent no later than 120 days after the end of the plan year, typically at the end of October. Click here for the current AFN and Cover Letter. In addition, we are required to send Contributing Employers the Multiemployer Plan Summary Report within 30 days of filing the 5500. Click here for the most recent 104(d) notice.

This pension fund covers eligible 32BJ District 615 members who are covered under the Maintenance Contractors of New England Collective Bargaining Agreement. The fund also covers window washers, refinishing contractors, cleaners in higher education, and other 32BJ District 615 members at the Tip O'Neill Building, TD Garden, Tavern 103, and mechanics at Logan Airport.

Is the Massachusetts Service Employees' Pension Fund in the Red Zone?

No, under the Pension Protection Act of 2006, the Plan is not considered Endangered, Seriously Endangered, or Critical and is thus considered in the Green Zone.

What information do I have to report on my financial statements?

You should reply on your accountant to conform to FASB guidelines, but the Massachusetts Service Employees' Pension Fund has prepared a FASB ASU 2011-09 to assist your accountant.

What are the notices you send me?

The Massachusetts Service Employees’ Pension Fund is required to send Contributing Employers the Annual Funding Notice. This is sent no later than 120 days after the end of the plan year, typically at the end of April. Click here for the current AFN. In addition, we are required to send Contributing Employers the Multiemployer Plan Summary Report within 30 days of filing the 5500. Click here for the most recent 104(d) notice.

Am I required to pay withdrawal liability if I withdraw from the union, lose my accounts or sell my building?

You may be subject to withdrawal liability. The rules are complex; if you have questions about the Plan’s rules or if you would like an estimate of your potential withdrawal liability, contact Employer Service at 212-388-3354. There is a fee of $1,000 for an estimate.

Do I have to withhold 401(k) contributions from my employees’ pay?

Yes, unless your collective bargaining agreement specifically excludes 401(k) deferral, if your eligible employee gives you a John Hancock SRSP 401(k) Contribution Form. during an open enrollment period you must withhold pretax 401(k) and remit to funds as soon as possible (no later than 7 days after the date the amount is deducted from payroll).

Can employees start deferring or change deferrals at any time?

New hires can start deferring when they first become eligible (typically after 6 months of employment unless your Collective Bargaining Agreement provides otherwise). You must offer employees the opportunity to start deferring or to change the amount of deferral each December so that changes occur each January 1. In addition you may permit your eligible employees to change their deferral elections at more frequent intervals (such as weekly, monthly or quarterly) provided that all of your employees are given the same opportunity. Employees can stop deferring at any time.

Can employees defer any amount?

Your employees can defer any whole dollar amount with a $10 a pay period minimum up to the IRS limits.

Is there a maximum amount an employee can defer?

The IRS sets the maximum amount that can be deferred in each year. For 2021, the maximum is $19,500 for the year with an allowed “catch up contribution” of $6,500 for participants who will turn age 50 or older in 2021. Your payroll system should also be set up to stop deferrals when the limits are reached.

Am I responsible for non-discrimination testing?

The SRSP performs non-discrimination testing each year as required by law. In order for the SRSP to perform the test, you are required to send the SRSP end of year compensation data for all employees eligible for 401(k) deferrals, whether or not they actually defer. You can upload the information in the ESS system.

Can I get Plan information for Funds to which we contribute?

Yes, based on the trustees’ policy for document release. Prior to emailing or faxing your request to the 32BJ Benefit Funds Compliance Department at compliancegroup@32bjfunds.com or 212-388-2188, please review the documents posted on this website to see if they satisfy your needs.

Copies of the Funds' Form 5500 returns can be found by entering the name of the Fund at https://www.efast.dol.gov/5500search/

Note that the 32BJ Benefit Funds administers a number of separate multiemployer plans. Each plan has separate trustees and their plan rules and policies may differ. Make sure you know which plan your collective bargaining agreement requires you to contribute to.