So in other words if we get rolled into the IAMNPF we not only take a cut in pay compared to the 401K match but we can forget about ever seeing profit sharing. Thanks for the info. Whats the penalty each year before 65?TRAVIS said:Bob unless it's in fine print some were,( In other words hidden from the members) No.. But you can opt not to add too the fund with your own money to the IAMNPF, So No the money can not be put in a 401k or IRA that was meant for the PF. And we do not get company match on our 401k that was given up for this BS IAMNPF, We also gave up Profit Sharing. The rope just gets tighter around our necks as they use any means to keep us tied to the PF. They Will Not Even Get Us A Good Wage To Have The Money To Invest In Another Form Of Retirement As That Would Loosen Their Grip On Our Necks.