Fee Notice

Quarterly Fee Information

This notice has information about quarterly fees that will be charged to your account under the Plumbers’ Retirement Savings Fund, Local 130, U.A. (the “401 (K) Plan”).

New investment options with lower expense ratios were offered under the 401 (K) Plan beginning January 1, 2012. The lower expense ratio reduces the investment cost for individual participants. However, because a portion of the amounts derived from the investments’ expense ratios were used to pay administrative expenses of the 401 (K) Plan, the lower ratio also means a reduction in the amounts available to cover these costs. Consequently, beginning in the first quarter of the 2012, each 401 (K) account will be charged $10.00 per quarter for the administrative expenses of the 401 (K) Plan.

The Trustees believe that this change is necessary so that the Plumbers’ Retirement Savings Fund, Local 130, U.A. can continue to provide a benefit that will assist you in meeting your retirement needs.