For Employees:

Effective January 4, 2024, the IAM National 401(k) Plan (the “Plan”) will no longer offer payroll deduction as a loan repayment option for new loans. This means that any participant who takes a new loan after January 4, 2024, and any loan in repayment by a participant on an employer-approved leave of absence, must now be repaid via monthly Automated Clearing House (“ACH”) payments. Please see below for more information.

For Employers:

The IAM National 401(k) Plan (the “Plan”) will no longer offer payroll deduction as a loan repayment option for new loans. This means that any participant who takes a new loan, and any loan in repayment by a participant on an employer-approved leave of absence, must be repaid via monthly Automated Clearing House (“ACH”) payments after January 15, 2024. Please see below for more information.

Questions?

You can contact the IAM National 401(k) Fund Office directly to get more information about the plan.

  • Phone: 800-424-9608 (participants); 202-785-2658 (others). Our phones are open Monday through Friday, 9:00 a.m. to 7:00 p.m. Eastern Time.
  • Fax: 202-463-8098 or 202-457-8653 
  • Mail: IAM National 401(k) Fund, 99 M Street, SE, Suite 600, Washington, DC 20003-4595
  • E-mail form: Click Here