AMENDMENT NO. 13
TO THE SOUTHERN CALIFORNIA IBEW-NECA DEFINED CONTRIBUTION PLAN

This Amendment to the Southern California IBEW-NECA Defined Contribution Plan executed April 23, 2020 is made by the Board of Trustees of the Southern California IBEW-NECA Defined Contribution Trust Fund (“Board of Trustees”) with reference to the following facts and circumstances:

1. The Board of Trustees wishes to afford eligible Retirees the ability to receive a taxable distribution of a portion of their account balance while retaining portions of their account balance in the Plan. The Board of Trustees intends that this Plan Amendment avoid undue administrative expense to the Plan as a whole.
2. The Board of Trustees desires that this Plan Amendment be first effective for distributions on and after September 1, 2020 and as such this Plan Amendment is effective September 1, 2020.
3. The Board of Trustees has reserved to themselves the ability to amend the Plan from time to time.

NOW THEREFORE, the Plan is amended as follows:

1. Article V Section 4 Subsection (c)(1) is amended by adding a Part I to read as follows:
   “I. Partial Distribution: An initial minimum account balance of $100,000, excluding any defaulted loan balance, is required for a Partial Distribution. This form of benefit allows a Participant to receive between a minimum of $25,000 and a maximum of 25% of the Participant’s account value in a single initial taxable Partial Distribution. One distribution under this subsection (I) is available during a rolling 365 day time period. Within that following 365 day time period, or thereafter, a Participant who has received a Partial Distribution may receive a further distribution of their entire remaining account balance pursuant to subsections (A) through (H). After the 365 day period has expired a Participant may take a subsequent Partial Distribution pursuant to this subsection (I) if their account balance then exceeds $100,000. A Participant who has received a subsequent Partial Distribution may receive a further distribution of their entire remaining account balance pursuant to subsections (A) through (H).”
   
   
2. Article V Subsection (c)(2) is amended to read as follows:
   “2. For an unmarried Participant the optional forms will be the single sum payment described in subsection (c)(1)(B), the installment payments described in subsection (c)(1)(C), the Certain and Life Annuity described in subsection (c)(1)(G), the Full Cash Refund Annuity described in subsection (c)(1)(H) and the Partial Distribution described in subsection (c)(1)(I).”
   
   
3. Article VI, Section 3 is amended to read as follows:
   
   “Section 3: Form of Distribution.
   
   1. Married Participants.
   
   If a Participant is married on the date his Individual Account is to be distributed, and he and his spouse do not elect otherwise, his Individual Account will be payable in the form of an Automatic 50% Joint and Survivor Annuity as described in Article V, Section 4(a). A Participant and his spouse may jointly elect not to receive the Automatic 50% Joint and Survivor Annuity, and instead may elect the single sum payment described in Article V, Section 4(c)(1)( B), annual installments over two to five years as described in Article V, Section 4 (c)(1)(C), a 66 2/3% Joint and Survivor Annuity as described in Article V, Section 4 (c)(1)(D), a 75% Joint and Survivor Annuity as described in Article V, Section 4(c)(1)(E), a 100% Joint and Survivor Annuity as described in Article V, Section 4 (c)(1)(F), the Certain and Life Annuity described in Article V, Section 4 (c)(1)(G), the Full Cash Refund Annuity described in Article V, Section 4(c)(1)(H) and the Partial Distribution described in Article V, Section 4(c)(1)(I).
   
   Such election must be made in accordance with Article V, Section 4(d).
   
   2. Unmarried Participants.
   
   If a Participant is not married on the date his Individual Account is to be distributed, and does not elect otherwise, his Individual Account will be payable in the Normal Form of Annuity as described in Article V, Section 4(b). Instead of the Normal Form of Annuity, such Participant may elect a single sum payment as described in Article V, Section 4(c)(1)(B), annual installments as described in Article V, Section 4(c)(1)( C), the Certain and Life Annuity described in Article V, Section 4 (c)(1)(G), the Full Cash Refund Annuity described in Article V, Section 4 (c)(1)(H) and the Partial Distribution described in Article V, Section 4(c)(1)(I).
   
   Such election must be made in accordance with Article V, Section 4(d).”
   
   
4. Article VII, Section 4 is amended to read as follows:
   
   “Section 4: Form of Distribution
   
   1. Married Participants.
   
   If a Participant is married on the date his Individual Account is to be distributed, and he and his spouse do not elect otherwise, his Individual Account will be payable in the form of an Automatic 50% Joint and Survivor Annuity as described in Article V, Section 4(a). A Participant and his spouse may jointly elect not to receive the Automatic 50% Joint and Survivor Annuity, and instead may elect the single sum payment described in Article V, Section 4(c)(1)(B), annual installments over two to five years as described Article V, Section 4(c)(1)(C), a 66 2/3% Joint and Survivor Annuity as described in Article V, Section 4(c)(1)(D), a 75% Joint and Survivor Annuity as described in Article V, Section 4(c)(1)(E), a 100% Joint and Survivor Annuity as described in Article V, Section 4(c)(1)(F), the Certain Life Annuity described in Article V, Section 4(c)(1)(G), the Full Cash Refund Annuity described in Article V, Section 4(c)(1)(H) and the Partial Distribution described in Article V, Section 4(c)(1)(I). Such election must be made in accordance with Article V, Section 4(d).
   
   2. Unmarried Participants.
   
   If a Participant is not married on the date his Individual Account is to be distributed, and does not elect otherwise, his Individual Account will be payable in the Normal Form of Annuity as described in Article V, Section 4(b). Instead of the Normal Form of Annuity, such Participant may elect a single sum payment as described in Article V, Section 4(c)(1)(B), annual installments as described in Article V, Section 4(c)(1)(C), the Certain and Life Annuity described in Article V, Section 4(c)(1)(G), the Full Cash Refund Annuity described in Article V, Section 4(c)(1)(H) and the Partial Distribution described in Article V, Section 4(c)(1)(I).
   
   Such election must be made in accordance with Article V, Section 4(d).”

Executed April 23, 2020 at Commerce, California

Board of Trustees Southern California IBEW-NECA Defined Contribution Plan.

By: Signature on File
Chairman

By: Signature on File
Secretary