The BD of Trustees Heavy & General Laborers’ of NJ Annuity Fund is a private pension plan that provides retirement benefits to eligible participants in the heavy and general labor industries in New Jersey, United States. Established in [insert year], the fund is managed by a board of trustees consisting of both labor and employer representatives. The primary purpose of the BD of Trustees Heavy & General Laborers’ of NJ Annuity Fund is to ensure that participants have a secure and reliable source of income during their retirement years. It accomplishes this by receiving contributions from employers based on negotiated collective bargaining agreements and investing these funds to generate returns over time. The fund offers a range of benefits to its eligible participants, including a guaranteed lifetime annuity and death benefits to qualified beneficiaries. Participants have various distribution options available to them, such as receiving monthly annuity payments, lump-sum distributions, or rollovers into other qualified retirement plans. To ensure the long-term sustainability and financial stability of the fund, the board of trustees oversees and monitors the fund’s assets and investments. They collaborate with professional investment managers and consultants to make informed decisions and manage risk effectively. Moreover, the BD of Trustees Heavy & General Laborers’ of NJ Annuity Fund is subject to regulatory oversight and compliance requirements set by federal and state laws, including the Employee Retirement Income Security Act (ERISA). It operates with transparency and accountability, providing annual reports and financial statements to participants and government authorities. Overall, the BD of Trustees Heavy & General Laborers’ of NJ Annuity Fund plays a crucial role in supporting the retirement security of eligible heavy and general laborers in New Jersey through its prudent management and delivery of retirement benefits.