Hourly Contributions
Your Vacation Plan contributions are made through a payroll
deduction process. Your employer withholds $1.00 from your hourly wage for each
compensable hour you work. Your contributions are then processed by your
employer, the Trust Office and Qualstar as follows:
- At
the end of each month, your employer computes the total number of hours you
worked for that month and then forwards the appropriate contributions to the
Trust Office.
These
contributions must be received by the Trust Office by the end of the month
following the month you worked.
- The
Trust Office processes your hours and then electronically transfers your
contributions to your account at Qualstar.
This
transfer to Qualstar is made on the first Wednesday following the receipt of
your contributions.
- Qualstar
processes your contributions and then posts them to your account.
These
contributions are generally available to you that Wednesday evening or the
following Thursday morning.
If your
contributions are not available after this processing cycle, or if there is a
discrepancy in the contribution amount, please contact the Trust Office. Trust
Office staff will continue to resolve any employer reporting problems on your
behalf. Your account balance at Qualstar is the sum of all hourly
contributions received from the Trust Office plus any dividends posted to your
account by Qualstar.
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