Members of the United Food and Commercial Workers Union will vote Saturday on a four-year tentative agreement with E&J Gallo Winery, Modesto, Calif., that includes starting a 401(k) plan for union members.
If the contract is ratified, the 401(k) plan would augment an existing Taft-Hartley plan, said George Orlando, vice president of the union.
Gallo already has a profit-sharing 401(k) plan for nonunion members, said Bob Tubman, Gallo's investment manager.
He wouldn't release any information on that plan, but the 1988 Money Market Directory lists its size at $280 million.
Mr. Tubman said a separate 401(k) plan would have to be established for union members.