COMPLIANCE Latest News and Highlights MAILINGS The following compliance mail- Happy New Year from the IAM National ings and regulatory notices were Benefit Funds Office! mailed from the IAM National Benefit Funds Office in 2022: Our end-of-year edition of the Benefit Spotlight Newsletter recaps the major activities of each of the Funds in 2022 › 2021 401(k) and BTF SAR and highlights what’s to come in 2023. & HIPAA Notice of Privacy Learn more about each of the Funds Practices and stay up-to-date on the › 2022 401(k) QDIA/ACA/Fee latest Benefit Funds Office Disclosure news by visiting our website at https://www.iambfo.org. › 2022 Annual Federal Tax INTRODUCTION OF NEW TRUSTEE V3locity or “V3”, a benefits adminis- Withholding Notice tration system designed to enhance › 2022 NPF Social Security Andy Chen be- the efficiency, productivity, and func- Administration Letters came an Em- tionality of Fund administration, in › 2022 NPF 104(d) Notice/ ployer Trustee early 2023. Our new V3 Employer Multiemployer Summary of the IAM Na- Self-Service portal (“ESS”) will offer Report tional Pension electronic billing and contribution › 2022 NPF Annual Benefit Fund in June remittance, real-time enrollment, and Statement 2022. eligibility reporting, as well as other › 2022 NPF Summary of Chen became features to help streamline adminis- Material Modifications Andy Chen Vice President trative duties. Mid-to-late 2023, the and Treasurer Fund will also introduce its first V3 › 2022 Annual Funding Notice for General Dynamics in April 2020. Participant Self-Service portal (“PSS”) › 2022 BTF MER, NCC and His current responsibilities include giving employees access to up-to- WHCRA treasury, financial planning and anal- date information on their covered ysis, pension asset management, risk benefits, and eligible dependents, › 2023 BTF Summary of and insurance management, and relat- as well as important Plan documents Benefits and Coverage ed international activities. He is also a and notices. (A, A+, B, C, D2) member of General Dynamics’ Invest- Beginning in 2023, all BTF contribut- › 2023 NPF Summary Plan ment Committee, which oversees the ing employers will be required to use Description company’s defined contribution plans. ESS to complete their enrollment and Chen joined the company in May eligibility reporting. Once ESS goes NOTE: The IAM National Pension Fund 2011 as manager of strategic plan- live, the Fund will no longer accept will be referred to as NPF, and the ning. He served as Manager, and lat- paper enrollments or email requests. National IAM Benefit Trust Fund will er Director, of Financial Planning and Employers should ensure they do not be referred to as BTF. Analysis until September 2017, at miss any critical BTF instructions or which time he was appointed to Staff information by confirming or updat- Vice President of Financial Planning ing their key contact(s) for receiving and Analysis for General Dynamics V3-related communications by email- If you did not receive a specific Information Technology. ing the Employer Contact Change compliance mailing, please Form to [email protected]. Their contact the appropriate IAM To learn more about Andy Chen, key contacts must include anyone National Pension Fund/401(k) Plan please visit our website here. who is responsible for submitting en- Customer Service at 1-800-424- BTF V3 TRANSITION rollment or eligibility files to the Fund. 9608 or the National IAM Benefit We appreciate your patience and Trust Fund Customer Service at The National IAM Benefit Trust Fund continued engagement during this 1-800-457-3481. (the “BTF”) will begin transitioning to transition. 2