Redacted by the U.S. Department of the Treasury
Redacted by the U.S. Department of the Treasury

Redacted by the U.S. Department of the Treasury

Redacted by the U.S. Department of the Treasury



APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

IRONWORKERS LOCAL UNION 16 PENSION FUND

EIN/PN: 52‐6148924 / 001

Exhibit 3.01b (Checklist Item #5)

Supporting Information for Critical & Declining Status Certification for the Plan Year Beginning in 2017

Documentation of Projected Insolvency During Relevant Period

Market Withdrawal 418E(b)(3) ▲ in 

Plan Year Valuation Value of Liability Benefit Admin Investment Available Available 

Beginning Rate Assets Contributions Payments Payments Expenses Return Resources Resources 

[A] [B] [C] [D] [E] [F] [G]=[A]+[B]+[C]‐[E]+[F] 

2017 7.00% 77,182,840       ‐ 2,667,500 11,470,438 340,941 5,088,698 84,598,097 2018 7.00% 73,127,659       ‐ 2,667,500 11,258,536 351,169 4,811,775 80,255,765 (4,342,33

2019 7.00% 68,997,229       ‐ 2,667,500 11,006,281 361,704 4,530,962 75,833,987 (4,421,77

2020 7.00% 64,827,706       ‐ 2,667,500 10,784,754 372,555 4,246,344 71,368,994 (4,464,99

2021 7.00% 60,584,240       ‐ 2,667,500 10,626,271 383,732 3,954,370 66,822,379 (4,546,61

2022 7.00% 56,196,108       ‐ 2,667,500 10,421,934 395,244 3,653,836 62,122,199 (4,700,17

2023 7.00% 51,700,265       ‐ 2,667,500 10,217,547 407,101 3,345,751 57,306,415 (4,815,78

2024 7.00% 47,088,868       ‐ 2,667,500 10,007,581 419,314 3,029,758 52,366,812 (4,939,60

2025 7.00% 42,359,231       ‐ 2,667,500 9,755,804 431,894 2,706,913 47,301,750 (5,065,06

2026 7.00% 37,545,946       ‐ 2,667,500 9,617,929 444,851 2,374,282 42,142,878 (5,158,87

2027 7.00% 32,524,949       ‐ 2,667,500 9,370,630 458,196 2,030,862 36,765,114 (5,377,76

2028 7.00% 27,394,484       ‐ 2,667,500 9,150,709 471,942 1,678,823 31,268,866 (5,496,24

2029 7.00% 22,118,157       ‐ 2,667,500 8,894,164 486,100 1,317,820 25,617,377 (5,651,48

2030 7.00% 16,723,213       ‐ 2,667,500 8,632,650 500,683 948,671 19,838,700 (5,778,67

2031 7.00% 11,206,050       ‐ 2,667,500 8,407,383 515,704 569,704 13,927,550 (5,911,15

2032 7.00% 5,520,167       ‐ 2,667,500 8,094,314 531,175 181,932 7,838,424 (6,089,12

2033 7.00% (255,890)       ‐ 2,667,500 7,786,429 547,110 (212,347) 1,652,153 (6,186,27

2034 7.00% (6,134,276)       ‐ 2,667,500 7,460,614 563,523 (613,188) (4,643,488)     

(6,295,64

2035 7.00% (12,104,102)       ‐ 2,667,500 7,154,695 580,429 (1,021,132) (11,038,162)     

(6,394,67

2036 7.00% (18,192,857)       ‐ 2,667,500 6,851,011 597,842 (1,437,494) (17,560,694)     

(6,522,53

2037 7.00% (24,411,705)       ‐ 2,667,500 6,603,702 615,777 (1,864,921) (24,224,903)     

(6,664,21

2038 7.00% (30,828,605)       ‐ 2,667,500 6,292,870 634,250 (2,304,045) (31,099,401)     

(6,874,49

2039 7.00% (37,392,271)       ‐ 2,667,500 6,023,405 653,278 (2,754,885) (38,132,933)     

(7,033,53

2040 7.00% (44,156,338)       ‐ 2,667,500 5,778,496 672,876 (3,220,617) (45,382,332)     

(7,249,39

2041 7.00% (51,160,828)       ‐ 2,667,500 5,525,117 693,063 (3,702,907) (52,889,298)     

(7,506,96

2042 7.00% (58,414,415)       ‐ 2,667,500 5,308,873 713,855 (4,203,933) (60,664,702)     

(7,775,40

2043 7.00% (65,973,575)       ‐ 2,667,500 5,083,986 735,270 (4,726,073) (68,767,419)     

(8,102,71

2044 7.00% (73,851,405)       ‐ 2,667,500 4,867,146 757,328 (5,270,820) (77,212,053)     

(8,444,63

2045 7.00% (82,079,199)       ‐ 2,667,500 4,660,988 780,048 (5,840,453) (86,032,200)     

(8,820,14

2046 7.00% (90,693,188)       ‐ 2,667,500 4,453,499 803,450 (6,437,098) (95,266,236)     

(9,234,03

2047 7.00% (99,719,735)

N:\1080\2016\Benefit Suspensions\Application\Exhibits\[Exhibit 3.01 (C&D Certification ‐ Addl Excel Exhibit).xlsx]Solvency Exhibit