Dear Members and Participants,

The Trustees of the IATSE Local 21 Section 401(k) Plan have approved a change to the Plan to allow Coronavirus-Related Distributions. In order to take a distribution, the participant must satisfy the eligibility conditions that are listed below. Participants can request a distribution by calling the call center of
Voya Financial 800-584-6001. Customer Service will provide the form to fill out and submit to the Trustees. Completed forms can be emailed to cruisermike426@msn.com or mailed to the Local office.

Coronavirus-Related Distribution from Certain Retirement Plans A plan participant or IRA owner may take a coronavirus- related distribution from a 401(a), 401(k), 403(b) or governmental 457(b) plan, or from a traditional IRA beginning March 27, 2020 and before December 31, 2020 due to:

• that individual being diagnosed with the virus SARS-CoV-2 or with coronavirus disease 2019 (COVID-19) by a test approved by the Centers for Disease Control and Prevention;

• the individual’s spouse or dependent being diagnosed with such virus or disease by such a test; or • the individual experiencing adverse financial consequences as a result of:

being quarantined, furloughed or laid off or having work hours reduced due to such virus or disease; being unable to work due to lack of child care due to such virus or disease, closing or reducing hours

of a business owned or operated by the individual due to such virus or disease; or meeting such other factors as may be issued in Treasury guidance.

A plan administrator may rely on a participant’s certification that the participant satisfies the eligibility conditions for taking acoronavirus-related distribution.

Federal Income Tax Treatment of Coronavirus-Related Distribution A coronavirus-related distribution is not subject to the mandatory federal 20% withholding or delivery and receipt of the Special Tax Notice. Voya will tax report the full distribution amount for tax year 2020.

Waiver of the IRS 10% Premature Distribution Penalty Tax A plan participant or IRA owner who takes a coronavirus- related distribution up to an aggregate amount of $100,000 is not subject to the Internal Revenue Service (IRS) 10% premature distribution penalty tax. A plan sponsor’s responsibility for monitoring the $100,000 aggregate distribution amount of a participant’s coronavirus-related distribution is limited to only coronavirus-related distributions a participant takes from all plans of that employer (and any other plans that are part of that employer’s controlled group). Please note that Voya will not monitor the $100,000 aggregate distribution limit.

Brian Donnelly Michael Stas Trustees

IATSE Local 21 Section 401(k) Plan