Southwest Ohio Regional Council of Carpenters Pension Plan 

Checklist Item #8 

Does the application include the plan sponsor's determination of projected insolvency that includes the 

documentation set forth in Section 5 of the revenue procedure? 

See Section 3.03 

Attached as Document 8.1 is the Plan Sponsor's determination of projected insolvency that includes 

references to the portions of this application that include the documentation set forth in Section 5 of 

Internal Revenue Service Revenue Procedure 2016-27. 

SWORCCPP-000060
Document #8 - 1 - 

Southwest Ohio Regional Council of Carpenters Pension Plan 

Document 8.1 

After review of all available information and after undertaking all reasonable measures to avoid 

insolvency, the Board of Trustees of the Southwest Ohio Regional Council of Carpenters Pension Plan 

determined that the Plan would not be projected to avoid insolvency unless benefits are suspended in 

accordance with Internal Revenue Code Section 432(e)(9)(C)(ii) as set forth in this application and such 

proposed suspension of benefits continues indefinitely. 

The Plan's actuary certified that the Plan's funded status was "critical and declining" in 

accordance with Internal Revenue Code Section 432(b)(6) for the Plan Year beginning on January 1, 

2015. The Plan's actuary certified to the Board of Trustees that the Plan would not be projected to avoid 

insolvency within the meaning of Internal Revenue Code Section 418E unless benefits are suspended in 

accordance with Internal Revenue Code Section 432(e)(9)(C)(ii) as set forth in this application and such 

proposed suspension of benefits continues indefinitely. The Plan actuary's certification was issued 

following continued reductions in adjustable benefits, increases in the Plan's hourly contribution rate, and 

eventually, a determination by the Board of Trustees' that it had exhausted all reasonable measures to 

avoid insolvency. This application includes supporting documentation demonstrating the Plan's need to 

suspend benefits. 

The Board of Trustees of the Southwest Ohio Regional Council of Carpenters Pension Plan has 

included the following documentation as required by Section 5 of Revenue Procedure 2016-27: 

1- A detailed description of the measures taken in order to avoid insolvency over the past 10 

years immediately preceding the Plan Year in which this application is submitted. 

The responsive document is attached as Document 18.1 to Checklist Item #18. 

2- The following information with respect to the Plan: 

(1) For the past 10 Plan Years immediately preceding the Plan Year in which the 

application is submitted: 

(a) Contribution levels; 

(b) Levels of benefit accruals, including any prior reductions in the rate of 

benefit accruals; 

(c) Prior reductions, if any, of adjustable benefits under §432(e)(8); 

(d) Any prior suspension of benefits under §432(e)(9); 

(e) Measures undertaken by the Plan Sponsor to retain or attract contributing 

employers. 

(2) The impact of plan solvency of the subsidies and ancillary benefits, if any, 

available to active participants. 

(3) Compensation levels of active participants relative to employees in the 

participant's industry generally. 

SWORCCPP-000061
Document #8 - 2 - 

(4) Competitive and other economic factors facing contributing employers. 

The responsive document is attached as Document 19.1 in response to Checklist Item 

#19. 

3- A description how factors set forth in Section 5.02 of the revenue procedure and the 

factors listed in §432(e)(9)(C)(ii)(VIII)(the impact of benefit and contribution levels on 

retaining active participants and bargaining groups under the plan) and 

§432(e)(9)(C)(ii)(IX)(the impact of past and anticipated contribution increases under the 

Plan on employer attrition and retention levels) were taken into account (or why the 

factor was not taken into account) in the Plan Sponsor's determination that all reasonable 

measures have been taken to avoid insolvency. 

The responsive document is attached as Document 20.1 in response to Checklist Item 

#20. 

4- A description of any additional factors taken into account by the Plan Sponsor in its 

determination that all reasonable measures have been exhausted to avoid insolvency. 

The responsive document is attached as Document 20.1 in response to Checklist Item 

#20. 

SWORCCPP-000062