Frequently Asked Questions (FAQs)




Can I take a loan against the Tax Deferral?
No, Loans are not allowed with this fund.
How do I apply for my balance?
You can apply for the Tax Deferral portion of your benefit once you have met the requirements as stated in the Summary Plan Description for the Plan. If you are not of retirement age, you must have 6 months with no contributions reported.
What qualifies as a Hardship?
Hardship applications can be submitted for the following:
  • assistance with medical expenses for you and your eligible dependents;
  • funeral expenses for your immediate family – spouse, dependents, parents;
  • secondary education expenses for you and your eligible dependents for the current semester/term. Student loans are not eligible;
  • to prevent eviction or foreclosure of your primary residence – this can only be done once in your lifetime;
  • purchase of your primary residence – this can only be done three times in your lifetime.
Once I send in my application, when will I receive my check?
After your application and supporting documents have been reviewed and approved, a check will be cut the following Thursday. This is subject to change due to Holidays, bank closure, etc.
How do I reallocate my Tax Deferral balance?
Please contact the Trust Fund office for a reallocation booklet and election form.

Ironworkers Tax Deferral Lump Sum Application

Use this application if you are applying for a single Lump Sum or partial distribution of your account. The completed forms and accompanying documents can be mailed to us at the address on the application, faxed to (801) 401-2716 (Attn: Marcy) or saved and emailed to iiwmailroom@compusysut.com.

Ironworkers Tax Deferral Withdrawal Application

Use this form if you are applying for a distribution in the form of a husband and wife benefit, monthly/quarterly/annual payments or anything other than a single Lump Sum distribution of your account. The completed forms and accompanying documents can be mailed to us at the address on the application, faxed to (801) 401-2716 (Attn: Marcy) or saved and emailed to iiwmailroom@compusysut.com.

Ironworkers Tax Deferral Hardship Application

If you are applying for a hardship distribution, download and complete this application. You must also provide copies of supporting documents – See page 2 of the application for detailed documentation requirements. The completed forms and accompanying documents can be mailed to us at the address on the application, faxed to (801) 401-2716 (Attn: Marcy) or saved and emailed to iiwmailroom@compusysut.com.

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