Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Checklist Item #38 

Does the application include the required excerpts from the most recently filed Fonn 5500'! See 

section 7.08. 

The following documents provide the required excerpts from the most recently filed Form 5500, 

Annual Return/Report of Employee Benefit Plan: 

• Document 38.1: Pages 1 and 2 of the Fo1m 5500, without attachments or schedules; 

• December 38.2: Schedule MB, including attachments; and 

• Document 38.3: ScheduleR, including attachments. 

38. 1 
7.08 Recent Annual Return (Form 5500) 

Sec the following page~. 

Document 38.1 

Pages I and 2 of the 

Current Form 5500 

38.2 
Redacted by the U.S. Department 

of the Treasury

Redacted by the U.S. Department of the 

Treasury
80. .ru> OF 'l'ROS'l'Bl&S - BIUCIU.AYI!RS 7 

I Otm6SOO 20 1~ ) 

3 4- 66667 98 

3a Plar!1Jdm1n1Urt1\of• nM'' <Mid a..IOrt$0 1!1 S~~mt 01 Pls n t.p011aor 3b Adt"rr.lnl!'lllUtor's EIN 

3c AomtniS!r,.ots cet&pnono 

fll lmbtJr 

· 1 • ~, .~:w .:·: .. ,, ~,,;t;~~~~~ 

4 11 th.e name atYJ.'Of E!N of tho oM apon!Ot' hilt changed since: UHIItst re.Wtnlt:tpot1 riled fDt ow PIA."l. ert.af the n:ema. 4b EIN 

EIN a"'.d 11)9 pln" number tiOt'!"'lhe t&s~ f.,hul'lo'I'6POft: 

a poMOr' ~ name 4c PI: 

- 5 TotSIIInumber fenrttciE~nta lit the ~alnnl q or the plan year 5 I 446 

6 Numbar c1 pattklpunts a& ol the end ()f the pb.n year Uf)leS ott\11\v'..te stlted (#Oai'J'O plana cont$Mte Otl"f tir»:i la(1), ~' Go(:!), 8b, 6<:, and tel) •. l:i '.~. i;\. 

a(1) TOCnl num'0.1t ot w::tlve port~nt:t at the beg.Mlft.g of he P<~n.,.,.,.. 6al11 l.08 

0(2) l'otut numbet of OGUvc QIHtlc!pant.o nt the tlnd of tliO pkln )""' 6a(21 20:t 

b ReciTed orsoj)llmted ~Sl'lrtiopants rect•vtng oonefJt4 . ... .. . .. Ob 176 

c Other r.ued or sopzrated onrt tiptlfl'lt ec\li':ed 10 fUture bcnofit:J ..... 8c 104 

d St.bltHal Add 11'101 ~(2). 4b, un(l Gc. 6d 483 

0 Deceased parJc.tpa.Ms whoao oenct;cloM, are Mcefvir'ltJ or are QfliAied to 1oeelve beneli:s .. 6e ~ 

I l~L MtJ h e• Gd and 6o J.. 525 " ..... ... .. . 

g Nw>bo< ol ~-1< will ACa>Urt ba"'"""' H of tho ...S cllho pjan yoat (only dll;ned -~lbu-..<>n pion$ 

c:cmU4olo llus f.nrn} .. .. .. .. . . 611 

h Nurnt. ol pa.1idpln»s lbK termin•'-d ~·o,wnent dunrc the p~n )'hr w.th accntld benent, tM: ~ 

~ lh!f:! 100'.t VOtto:J 6h 

7 E.rrter thll total numbef of tnnp oye,. ut~d lo_contllb!Jte to U'l! pr.tn {onry muU.I,emplot<er pltM CO!!l()~te ttt$ ll_em_l_ 7 35 

lB 

b II tt:o pion provlc'&a v.,!f3f~ ~tnefi ll. on let' the applh:ali1G \V(!Ifa"" teuturv cudoa f1otn tho Ut~t or Plan at~defi; c Code& U\ the instruction.• 

&a Plan fuo<_!ng arr_,enl {Cileck ol tho< opfltJ) 9b Plan bf>oal• arra'!larn&nl (cloecl< IIIMI-Iy) 

(1) t:lsu1or.ce (1) R ln!fur-anno 

(2) Codo SBclion 4 12(a)(3) lrsuranc6 contract& (2) Code sectm 412(o)(3} looure11ce ()Ofltt&:ta 

(3) TMI (3) Tou<l 

4 Gentr:.'ll aSB&I8 of tho sponsor 4 O.oneral as~ a: s o!_.I·"""="P"''"""'""'or._ _ _ ______ _ 

10 Chod< uw "PPik:nb'e box., lu 10. •nd tJb llli ldicale-.ho:il """'""" ••• ~ 01\:1, wi>Oielnof.colea. e""' cr. rurte< aiWdlocl. {S.. Nlltdonl) 

n Ponilon Schndulcs b Gooor.at Sc.hGduh;~s 

11) ® 

(2) ~ Nl (IA.,~o.Uomctoyef OeLr...ed BeneSJ: Pfan and CDita•n Monlt)' ~21 1 

Purchase Plnn At1UOIIDI lntonnollon) • ulgniX.l ttt tho plan {3) __ 1\ 

uctJary ( 4) c 

R (Relltem\l"'t Pl.:t.n nf~t.ton) (11 ~ H 

(3) 0 Sll (S•91oEmplo~oroennodflene''lf an/lclo"""l (6) o 

(F.,.MiciOI lnfumOioon) 

(Fir.!ndtllnfnrmatlon .. S1hUII Pion) 

(lnsurtflCO ln50m1Rtion) 

(SeMcb p~ .,,.,.. ..... , 

lnfl>rmalion) slqnosl yJil9. i!.'"~"~'"'~t--------1!'!l--Ll---Gl!..-l!:!!l!!!!i~~~~~~~!!!l --

38.4 
Document 38.2 

Schedule MB of the Current Form 5500 

(with Attachments and Schedules) 

See the following pages. 

38.5 
Redacted by the U.S. Department of 

the Treasury
2 Opoll)::<mid llfo,moUnnas of b:lglnn no ofthit' Pifso f'!,ll. 

a C1.11Tom value c' 3S&C!a (se~ instruaJOns) 

b 'ltPA '\M. curren! ~bllly/port.t;~paN cou."t bft-lkdowrl 

t1J Forretiee ~lt ... ·;utn!&and otf"ttca).!'k:oa·~hQpymen 

t2) Fer termi'laiOO' ~s:tec pan~eJp.tJnts .. .. . .... _ ..... . 

••uo2·0 

p) FOf ocllvl'ltNir1ic41ll1\IS. 

(ol Non-'leett<i l1ereflrs_ 

lbl v • ....,.,..,.,. .. _,, .. 91 .~ (J 

L, 9£9 111 

(cl Tota1•e1J,t 10~ l2,0&6,4b1 

{4) To<OI .......... ........... ........................... . '---~--,r-~;,.6;;. ' 0'+--·----"-~ ,,l ' m 

r. U lhoJ pe,cen1ago rtftiJUng ((0.0\ dlv <l!ngl ne 28 b•; 111'0 2h(11) oo!UTII (2). u; It» lh!tn /O'lli, enlcr •uot 2C pan:wntJ~ .. ' .... ., ........ ... ......... .. -~ ······ .. -······ 3 ~ rno<1t tol'e p .. ,lcJ fl8 ,......,.., bt ~(s)an:IM'I*>I<"' 

(•) Dale (b) Arnou,'1

1

t

1

'(s d by (c;J Amount JQid ~ (1) D>•• (b) At:'IOUnl po <1 I>( (C} A''II(Hll'll p.:s!tl b'f' 

(lv'JA·DD·YYYY) employo1 :•J (llnployees !MM·OO·YY'IV) O!fiPII)VCJ{fl) fHl\O"oyi!es 

04/J0/20]5 93<1, 6•19 

-

- -- - Totil.l.$ • I 311>1 934,649 l(c:J I 0 

-----------------··------------------------------------

C I!\ lhe J1M I!IMfdng'hlt t.Cil \T!c.IU'ed j>fOQross UJ101r onrappUca!:Se fu'VJII\(I I'TiptOoteti'W:tlll or retlolblll!&iQfl p.&f\? -3 Y§ 0 tlo 

d .r the pial! 1sln cr l~ t\1arus-, 'd;.ut iU'~ ldjus.:ab4t oeneft!s rcoucca? ~] Ye$ ~ No 

o fl hn• d Ia ·vuti,' Q,l!f!r tile todUc1roe'l In lf!ibility ttu.ulting frorn U'l:) td ct.:~n h'! d,u1.4.1aC~ !Jonclils, moas.utud a!) 

ol li-e v;altsttl'l."'n tJ:JI·· • . .• , . ,,, . .•.•. 4<! 

If~ rlhabtil:alioo pbn prcjecht fl'f!Ofi~~ fUM\ C!lti;.a· llat;.l&, ~01 tnt,., yea. In ....tlk"tl ,. pu)'tcttd 10 

-~ 

~~=:~~a:::~:~~~~~~.~.~~~ '~~~-~ -!~1.~ ~~ ~~~·.'.~-~~~~~-~-'.'.~f, ~~~~~~.~ ~~~ ~~~ ~~~~r ~~.\~~i~ ln~-~~~ID 202S 

5 Acl&..arlal cc51: methOd used as tno tl'1~ lol ths pbn yretu's iurdnc: ltltldi'U aceolW oo""pUa.llon6 fi;Mdo. a1 that aJ:oly): 

I\ 

a 0 l\:01na4 "90 nonn:.l b O "NI&IJ<! ""'""' c § Ataued bttMII (•nt a•"'l 

e D froren initlot l!flbdit·, f 0 lndrtl(lua! ~V<11 pi1Ur.1VIll I) 0 flld.'vlduol ftUP~ itl., 

[j neotgaot.la!'an j 0 Otl'l'l (Uf)eclfy} 

k ftbo• hls~td, enl.er per:-ocl oft.'SI ot &tic:ftlotnw«~ lk 

I Has .. aNngu oeM rna.de .n rwnalng m~:noo 101 thiS; p'an yea!? 

llllt :to' r IS 'Yus.· Will\ Uv& ~1a oo matltl pUi11u~tr.t to Revm._.re i'rocoot..,e 2000·«1 or other c.vlom!IUC 1f1pr'O'ral? 

d O A!)!;:-egote 

h O Shorlfall 

.. Q Yes ~ No 

.Q Ye• 0 o 

a h~cre~ re:ie f<ll "fWA 94' cunehi iW~!ii Y 

..... ..... ...... . . . .... . 'i":.:.· _;;;_;·~".:;ii;;;;;~::;:;.;;;·;i:' lro:::m<:::;;·~i":,.:.::"''- ' :.:."·;:, "'~":.:." r":::".::."_;·.:_· :.:."·~· ~k.::,.i~::"!tu,;:.,:::,.:::.::,...:!.:.· !!.~!:..::qf,~ 

b ftat~ speoaied 1r m..n~ 91 ''"''•1y cntttnaa 

c lob1ftiiV Ia :Iie ceder:..~ yafu,thon CAI{J>ase!. 

1-

38.7 

0 vu 19 N• 0 ·,v .. ----1--"=Q._v_ .. _.JoO..._"•_,Bl._..,_" 
SchudVII Mil {ft>ltn -GGCO) 2014 r>•o• 3 LJ 

(111hle>.. . .. . , .... ····- ... .. . 5<(11 p fl - - (2j FOmciCS .... ... .. .... , .... "" .. .. . ... ''ill A fl 

d Vah~Uhon lluiJI•y lr.tereBI ••I" ....... .. ... ... ... ••• 8 OO'l& 8. 00" 

Q hpe0$G Mdlroq . .... .. .. ..... .. 6C! Gr. O'!b 0 '<lA '41 [gj NIA .. - . ( Su.lery l(..'l!e ... .. ..... _ .. . .. II ... ~ 'II A 

g CfO!ftmteo lnvesme_,. roh.rn Ol'\3ctullnal Vulue of aooe1s for yC.Jf endi'lg on lhe v:Jiu;;tion dm~ .......... .......... Sg l 2 . ? ... 

h E~t~ vJ fnvotlft\Cjf\t retu•n un ll,lUifOIIt Vi!IUO <U asselll tel yr. If e.1dity t)n the ..... uatc.n d.v.• -· .. ~~ II ~ ... 

7 Nuvt amo!lkiJUon ba~ cu ll> ~hed In lho Cll're~ ~ yea,.. 

(1)Ty,..olbu• (2tlne .-. mtance fl) AmorUzatlon ChlfQ.efCroiJ~ 

1 -6J2, !>08 -66, ll ll 

--· 6 M!oc!l!aneous lnf"':nrsUon: 

(1J \'1/uor"' ck.1;tn~cn gmnted au:ormtlr.e approval urdt1t 5CGion 43~{0'1(1) of 1hl Cede1 0 v .. 0 No 

(2) If IN Od{l) It ~c.o."' •"'er thu raurabet of }<e\H$ by which V'le arnet1ilil4Cfl pe!iod '-''"' ~:<ltudud .... ................ ! Bdft} 

Ill WOS<H\ e1tont¥Otl i'Jfl,I'OV•d tJy !ha lnl(llndl ~I'I\IOfiUU ~lf!IW<IU lil"'llktf "'<:1101\ 4 12(ft} (;h1 i:1 to~:~ pclol to '--'-'-..L------=o~v-.-.-..,o=-... - 2006) or <31 (dX2l or oho Code?. •• ....... .. ..... .... .. .. - ... , ..... 

(4) ~' !': ~~~ ~~ ~=: ~: ~~);~~~ ~ ~~.~ ~-~ ... ~.lcb thr ._moni1.>1110h pltt_,d '""' o~fJ.'~~~ .. ~n(l~ ~~tl.:. .... , Od(-4} 

(5) Ut.:rw6d(3)1a "'YH," oflllftt\edato o•w nJ~'Q tUltH ~rv~ t.1en6oQ\ .... ~-8-d-(5-)-f----------­ {&i If Hne 5d(3j Is "Ye!i,~ 11 (he arnoniz:abon base eiiLJbta ror ri)Or1t:e~ \ ua.mg nl tt~t rates pplle.-.b ~ under eec~li: lo':n"'-....1.-----0:- .-.-n-N_o_ 662f~IJ)u l U1o Ccd& roryoo·& l:ov nntt~O ofh:tr2CO/? ..... ... . .•. ...... -... ..... L..: - ... ... .. e If t:o.t $\1:8 chr-ke:a Of IN 8c t~-ves.; cr!Cer th-a dl!~tl'efCe bttdet..lf't 'to fTfrmu1n fequlr<!d oontlltll.l1011 br the 

yea: 8M lhv n11nhllurn lhflt W3,11d l'llh'e uccn requrrvd witllOUi vs!ng lhtt sllortla• mo-mod or Clltuuding thu B• runo1th:61ion ba.s~(&j ............................. ...... _ .... , . ....... •. .. ... . ................ .. ..... ... ....... . .......... ..... 

9 F'u•dirt Mol\<bfd OCCIOU~ .-atef!'.elrt lc.• \Nspta:n ~r· 

ChMge.a fO {Utl(llug Shanclard ll.Ct.H)IIIil 

a Prior yea< ftr«<Q dofil;lerlc>y, lonr .. · .. ...... .. h b,'>21 . 950 

b EmJ)l.>)'ef'S fllnmal cc.:sl lor plan yeaf os cf •Joluallon cHrle .• .... ... .. .. .. .. , =· ....... ... 9b 19(',L2R --- c Amccl!ze~n ewoes lhl ot Ya!.lall)l'\ d.lW! Ow.st1~ bal:lnot 

f1} A.:l >r.~ "..cerA 1\,md.ng wc.IVortt. lll1d o~G itt~lrl b.Dooa lor which lha Sc(1) amurlaatlon pertod hol'l be>ln ex~en..!!Jd ............ 4 ...... .... .. n 30D,5JO J , a, 993 

(2) F00<11r9 -•or• ....... .. .... . ... _ .. ... .._ ... 9C(2J 0 0 

(3) Coli oil Oa:;us fcrwl•lch ll)o l,rmoftllo!IIOfl pctiod M~ twen ttdtilndod .... ... Oc(3J - 0 0 

d tnlet.,.t asap;n:ztbeoo tnes~. Qb, a~&c. .... .. ........ .. .. ... 9d Rl l. 852 

-- e tot&! C:ht,Ug0G. Add l1neO !}fl llifOUlJh 9d .... ... ... ~ ..... ........ .. . ...... .. •• · 1, oq, 02< 

C:radits to fund~"U ~n1u.f~rd atCOlM:ft, 

f P1lut yenr crodl~ balancu, 11 M'l ...... .. •· ,,,, ... .. . .... ........... .. .... ~~ c 

II ~piOyWC~r'.t,.j~ lc:taliK;mOO\Jrwl tb) ril"' 3 .. .. -... . ........ 5g 9)4, 61,9 

OtJrstandhlg babi!Ot ·- - ---- h Al~o-N:•uton c:rt:r.s u or '3i.Ji~ ~!e ... . .. lh I l0,1Bt.07B I,?.B. ?OO 

i lntarKI oa opplc:uhlll to e1CI of plnn year r.n lin;,s !."II, Osl. atJd Oh ..... ..... .... .. _, .......... .. .. .. 91 ~~..'3.~ 

j H~ lu'ldi<>1 kmilllllon (FH) all<! etedits: 

(II l:.~ SA FI-t. {Rocrvod l!ahiflv FFlj. .. . .... .... ~ ...... ...... .. 1 SJ(1) I 1a. a6q,4ss 

38.8 
Set-«~ ' II< . MB (Form ~:>00) O!Ot• 

(Z) ''HPA ~·1 oven~ (OO':,C. CUttc"' h0biMlJ =Fl). ·-···· '" . t Oj(2) I 1!....70:, iSH 

(3) r::.=t.~re~t ... "' ..... u u -··· u. ... "" "' ..... Oj(3) 

k (1) Wa~~·e(f f:rndiOQ dOflCI(tl\ny "" u --· u ... u ·-·'" ... .... ... . ... Ok(l) 

12) OU,4ir cfedll$ " .... ..... u .. ..... " u "' Ok(2) 

I '"'' lcc:.il ~ J.dd tlno•;tlhru..,ohQI9!()),9<{t},.,nd9k{:?) . " "" .... "' .................•.. . ......... I I 

m C.Nt. belino. r h 01 lJ QJP!a~« L"-" Ina~. tts the dlf!erN>.oe 

" " . 9m 

n F~.ord~ oebflq: tf w »e "'grtatet l .. a, ~ 91. enter tnt. flllfft: •""- ... 9 0 Cu•,•r.l ynfs IJOC~tat.a reconc.'UUO'l ac:G~'f\C ' 

14 ub·1 yea~ .... . l 90( 1) ( 1) Cua ro WJI'Ied f1¥1dlr4 deJ.et.enqo accutnol.tted p:10r to the 20 

(2) 01.1e w o. rt!z"lllul .li- ~1!!1 oxturdc<.l ;nd o.norl!zec using ~M 

~~') A<:cur.oi!iotion ovw "Jh)f~ IN.Ia•tc.e os o: •Jalustlofl a~ 

(b) Ro:>)..,ci!lalicln runou1tt (lfno Uc(3) balance m!l'l:ls ' n& g,, 

f3t To!j! QS or a:u:tliQ.l.4QIC;------~~~-:--

il't.J·~~~ rnt.o under SI!CI1on 662 \{b) OIII'IO COJi. 

... ....... ···--- ····-········ .. ... 9U(2){U) 

12Xa)) .. ..... . .... 8of2)1bl 

1 0 Cofl1nWHon nt¢11~3ry lo tJVartd n, ~·atoc (Undtng defae!'\ 

11 1-ttla a c'tJnge bel!n made•n tre OC'Uirlll usunpliol'\$l~t toe OJnenl fxtn )'t.1l"" If Y~. Sf9 hhiit·utUons •• 

.. ~- cy I Stt h•>trudJOnS.J -· ..... -··· -..... 10 

. . 

38.9 

0 

\) 

() 

2,JH,09C 

N r.r.~ .919 

--

-- 0 

--

~ 

'J 

(, 

a, u6(, 'U:l 
BRICKLAYERS LOCAL No.7 PENSION PLAN 

EIN: 34-6666798/PN: 001 

A TTACHMENT TO 2014 SCHEDULE MB: LINE 3 

STATEMENT BY ENROLLED ACTUARY 

- ·- -·~· - ----- Schedulo MB, line 3 ·Employer Contributions 

The employer ~ontrlbulions shown in line 3 of the Schedule MB were controbuted or 

accrued throughout the plan year tor work performed dunng the plan year 

38.10 
BRICKLAYERS LOCAL NO.7 PENSION PLAN 

EIN: 34-6666798/PN: 001 

ATTACHMENT TO 2014 SCHEDULE MB: LINE 4 

STATEMENT BY ENROLLED ACTUARY 

~--------- -----~-----=~-

Schedule MB, line 4a - Illustration Supporting Actuarial Certification of 

Status 

The plan a~ certified in Critical status as of May l, 2014. Reier to the attached PPA 

crutiflcelion Th'S •o~uit IS oased on a funded ratio of 52% and a proJected deficiency at 

the end of the 201 4·2015 plan year (at lho end of the current p4an year) as shown in the 

t:lble below: 

Credit Balance! 

Plan Yoar End IFundlng .Daficiency)_ 

1- 2014 (6,591,000) 

2015 {0,641,000) 

Schedule MB, line 4c - Documentation Reg<Jrding Progress Under Funding 

Improvement or Rehabilitation Plfln 

fhe Plan has made the sCheduled progress as ouU.ned 1n the 2009 rehabilttaHon plan 

plan as updated on April 30, 20t4 as of May 1, 2015. ThiS Is based on the data. plan 

provisions, assumptions ;md methods as descnood in the attached certific,;atlon dated 

July 29, 2015. The update to the rehab1hialion plan for the plan year begin11ing May 1, 

2014 shows that the Plan's status Is not projected to emerge from Critical at the end of 

the rehabilitation plan period. The rch9bofltation plan 1ncfude~ tho use of the · exhaustion 

or all reason!lble measures· clause al IRC 432(e)(3)(A)(i0 Therefore, we interpret 

scheduled progress for t11i ~ plan to mean continuing to use all reasonable measures to 

forestall insolvency Cue to competlllve pressures. \he trustees do not believe any 

further contribution or benefit changes could currently ba Sllpported without having a net 

negatlvo impact on the Funa. The trustees continue to momtor th1s situatiOn annually. 

Schedule MB, line 4f - Assumptions Used to Project Plan Year in which 

Insolvency is Expected 

Assumarl return on fund 

assets 

8.00% 

Future total hours w orkod 102,200 for the plan year e•K.IIng 2015 

102 200 t~eroafler 

Contribution rate NOJ'e 

Increases 

Plan changes 1 None 

38.11 
July 29. 2014 

Un fted Actuarial 

Services, Inc. 

Ac':U..'lries i'nCI C:OftSultanu 

Boarcl of TmsteM 

Bricklayers and Allied t.:rattsmcn Local No. 7 t'enRiotl Pion 

Akron, Ohio 

Re: 2014 AcCllal'i•l Ccrti!lcat!on IInder the l'enslon Protection Act 

Dear Trustee: 

Tho following infonna!ion i9 intended 10 comply with the annual certification rcqulremencs of 

JRC sec1ion 432, wilh respect to the funded stat11s of the Bricklayers Wld Allied Craftsm\lll Local 

No. 7 Pension C'lllll. 

ldent!fytng Jnfom•ation 

l'lan Name: Dricklayet·s and Allied Craftsman Local No. 7 Pensiou l'lllll 

EJN/Plan #: 34-6666798100 I 

Plan year of Certification: y= beginning Mny I, 2014 

Plan Sponsor: Board ofTnJitecs ofBrickl~yers aod Allied Crallsm11l1 Locnl No. 7 Pension Plan 

Sponsor AddroliJ!: 33 Fitcb Blvd, Au.<rtintowu, OH 445 15-2202 

Sponsor Telepboue: (330} 270.0453 

Eurolled Actuary Name; Kathryn A. Oatrity, FSA, 1!A, MI.AA 

Eruollrucnl Ntunber: 14-{)S379 

Actuary Addzooa: 11590 N. Meridian St., Suite 610, Carmel, [N 46032 

Actuary Telephone: (317) 58U-868S 

Certification of PlAn Sta!JIJ 

1 cCI1 ify tbal.lhll..li!!P.Ye-nruued PIM is ir1 CriJila!l statuS u.s of May I, 2014. The status is based ou 

a filndcd ratio of 52%, a projected funding deficiency on April 30, 2015, at least 8 years of 

beoolil payments within plao tlssecs, and other rcsullll. 

I cor1ify that pronrqs:; has boon met Tb.c most reucnt updato to the rd UlbiiJtation plan tor the 

plan year beginning 2013 shows tbnt tho Pion's &MilS is not projected to emerge from Critical at 

the end of the rehabilitation plan period. The rehobilitation plan includes the use of the 

''exhaustion of all reasonable measures" clause at ll{C 432(eX3)(A)(il). Therefore, we interpret 

schcJulod progrc8q for litis phU1 w U1c.1u comlr•uinu to U!Je all rcuummble mcn,qures to forestall 

iosolvency. Due to competitive pressuros, the trustees do not believe nny further coutribution or 

benefit changes could curreully be supp<Jncd without having a net negative impaCI on the fW>d. 

Tbc tru.,tccs continue to mow tor thls silu11tion nnnually 

11590 No1tli Meridian Strcel Sune 6 t 0 • Carmel. tnd1arw 46031-4529 • (317) 500-8670 • Fax (3 171 ~flf~SoS 1 

3&.12 
Redacted by the U.S. Department of 

the Treasury
July 29, 201 S 

United Actuarial 

Services, Inc . 

.A.ctuaucs <VJcJ Con.su1t611tS 

Board of Trustees 

Bdolclnyers unci Allied Craftsmen Local No. 7 on J>lun 

Akron, Ohio 

Rc: 20 JS Actuadnl Cerliflcntion under the Pension Prol'ectlon Act 

Dc!ll' T rustce. 

The following iofotmation is imended to romply with the annual certification requirements a: 

IRC seetion 43 2, with re.!pcct to the funded slat us of the Bricklayct s ami Allied Craftsman Lor,a] 

No. 7 PcnRion Plan. 

ldenllfylng Information 

Plnn No.me: Bricklayer11 a.od Allied Crullmnan Local No. 7 Pension Phn 

EfNII'Ian II: 34-6666798/00 I 

Platt yetu· of (;(:rtificotion: yc:tr beginning May I, 2015 

Pl:u• Sponsor: Board of Trustee.\ ofBnckJaycrs and Allied Cml1Mnan Locnl No. 7 Pension Plan 

Sponsor Add~s: 33 Pitch Bh•d, Aushntown, OH 4451 S 2202 

Sponsor Te lephone: (J30} 270·0453 

Enrolled Actuary Nmne: Kathryn A. Onrrity, FSA, EA, MAAA 

Enrollment 1\wnber: 14-05379 

Ac.lunry Address: II ~O N. Moridian St., Suite 610, Cannel, IN 46032 

Acn•nry Telephone: (3 I 7) 58o-R688 

Cerllficatlou tlfl' hm .Stntua 

I cettify tltat the abovc:·vruned Pill!) is in the followinu!Jltus as of May l. 2015 (all that npply M!' 

checks:dl: 

Safe--Neither Endangered nor Critical St.1tus 

Safe Due to Special Rule 

Endllllge.ed Status 

Seriously Endangorcd Staats 

Projected to be in Criueal Stnt!l.ll willun S ~· ----

Criticnl Statu> 

Crillcitl and Occlimng Stn:us X 

I I ;,90 North Meri\110111 Street, Sutre o 10 • (dTilli?l. lnOI<I113 46::131-4527 • f1 I ?J 580.01>70 • Fi.IX (317[ 58()..96S 1 

·-· 38.14 
United Actuarial Services, Inc. 

Ac:Ut;lt1cS anc.J Canst.lll:~, \Ci 

o~rd of Trustees 

1l1ese certifications nre based on the following resu!IS· 

f~undcd ,·ocio a,; of May l, 20H· 51% 

l' r~vio y emcryed from criticAl Slat;;s Ujtllg utC Section Nt1 

32(e)(4 B)(2} specml <:tnergencc wie. 

Firsc projected deficiency: April 30,2016 

July 29.2015 

Onteofprojected insolvency. End of2025-2026 pion ycm· 

Ratio of innctive to active participaniS: 2.35 

Cortiflcotlon of Schcduh:d l'L·ngress 

I certify thai J:!LOBress has been m~t The most recent update t(l !he rehabilitation plact for the 

plnn yeor beginning 201 4 ow~ thntthc PlM'S status is not projected to emergr from CriricaJ at 

tlh: end of the rch8bilitahon plan penorl The rehabilitation plan mcludes the use o( the 

''exhaustioll of ull rcasonnble measun;s" clause at IRC 432(e)(3)(AXii) TherefOI'e, we lmcrpret 

scheduled progre$ :or this p!an to mean conunuing to use nil reusonable menmres to iorestnll 

inso!VCL\Cy. Due to competitive prcssmes, the 1\\lStccs do not believe wty further contn!JU!ion or 

benefit changes could cut·rtmtly be suppo11ed without having a net negative imp;,ct on the Fund. 

The trustees continue to monilor this situntiou orumaUy. 

These certifie<tlions are htendcd to be in good fulth compliance with the nccessar~ disclosu;e.1 

tor certiticerion and relll'eSenl my best estimate ofthe Plan's funded posicion. 

111e cettificulit>mt utlli?e the >tssumptl ons, methl>d~. plnn pro viHlons and demogl'aJlhic darn Ill! 

disclosed in the preliminsry May l, 2014 actuarial valuation report witi1 !he toUowmg 

exception': 

• Based on the April 30, 2015 liDa·.Klltcd financial statemenu provided by the plan 

ndministrntor, the investmem return for the 20\q-2015 plHn yenr is ess\llned !13 be 6.72%. 

We olso updntcd the contribulions, benefit pnymcnt•, and expense.• fm the 2014-20!5 

plan year uased on these financia: S!ll!emeniS. 

• '11to investl'!lent Retum nssumptiou was changed from 8 00% to 7.'75%. 

• Demographic da:a was updated lor the 2014-20 IS pl!;n year. 

• The contrl hutiou l'atc asstunption was incrcnsed by 20¢ p<:r hour cf!ective June J, 2015 . 

...... .::.-. .. 

38.15 
Redacted by the U.S. Department of the 

Treasury
BRICKLAYERS LOCAL NO. 7 PENSION PLAN 

EJN: 34-6666798/PN: 001 

ATTACHMENT TO 2014 SCHEDULE MB: LINE 6 

STATEMENT BY ENROLL.ED A CTUARY 

~--- -- - Scllodule MB, fino 6- Summary of Pl::m Provisions 

Attached 1s a summary of the plan provisions valued The plan provis.ons are the same 

as those valued in !he preced1ng 1ear 

Schedule MB, //no 6- Statement of Actuarial Assumptions/Methods 

Attached is ~ summary of t11e ocllla11al assumptions and meUwds usetl to porf11nn the 

most recent valuation 

3ll.l7 

----·-
-

Origins!Pr1rposc 

Schedulo tAB. /me 6- Summary of Plait Prowslons 

Srir.lflaycrs Local No. 7 f"t<llSion Ptun 

May 1. 2014 A c ruarint Valootlon 

PLAN HISTORY 

rhe Bricklayers and 'vlasons Local Union No. 7 Pension Pion was established effective 

Fobruwy 1. 1968 as a resull of a Conective Bargarnong Agreement between the 

Associated General Contractors of America, Akron Chaptor, th<: General Contractors 

Assoclabon or Akron and Akron Masons Coniiactors Association ancr the BrlckJayors' 

and Masons' Local No 7 Ohlo of Bfl('.klayers, Masons and "las leo ers lntemallonRt 

Union or Amer•ca. The Br;<;klayors' and Mosons Lor.al No. 23 became a Partlcipatll\g 

Union under tho Plan as ol .July 1, 1969 and the Bricklayers' and Masons' Local No. 13 

oecame a Partlcipat,ng Union under the Plan as ol Aoril 22, 1970 Both Locals have 

since merged into Local No. 7 

The Po11t:.lon Pion Is manngod under lile provls<on~ of the Labor Management Helalions 

Act by a Board ot Trustees consiSling of an equal numbef ol rejlfesenlativas from I aoor 

and from Management 

The purpose ol lhe pension plan Is lo provide Normal and Eruly Retirement Benefits 

Tolal aod Permanent Disability Benefrts. Joint and SuiVIVor Bene1ils, Deferred Vestod 

Benefits and Death benefits. Benefits first became payable on F el)f Ut1ry 1 . 1968. 

Employer Contributions 

The Pension Plan is financed entirely by contributions from the employers as specified In 

the Cohective Bargaining Agreements. I he htstory of recent hourly contribution rates is 

sloown 111 the following tal>le: 

Reciprocity 

r---------------r-~~H~u-u~rl~y~C~o~n-u~rb·-u~ri~on---, 

Ettecrrvo Dure !~ate • 

May 1,1979 

June I, 1981 

June 19. 1932 

June. 1. 1983 

Juno 1 1004 

June 1, 1990 

June 1, 100S 

June 1. 2000 

Ju'le 1, 2C07 

Sept. 1, 2006 

June 1, 200g 

June 1. :>010 

June 1, 2011 

Juno 1, ?01 ~ 

JUI)e I, 2013 

June 1. 20'1~ 

$0.80 

1.05 

1.25 

2.00 

3.00 

3.27 

3.30 

3.55 

4.01 

4.41 

4.81 

5.21 

5.61 

6.01 

6.41 

6.46 

Ef'etfl,"'e Milt 1, 2000, cnty S2.00 or lhe llOOI1y tare \W!S 1>t 

und tQ :Net;Mo IJ~tt~ rl!li 

The Trusloos hove entered tnto various money follows the man r;;clpoooty agreements 

whereby a partiCIPant who transfers employment botweor1 ~lgn<tlor as to sur;h 

ngreement• will t'Ot lose pension cred.ts. 

Unitc_d Actu arial Services, Inc_._ PageA-1 

38.1R 
Participation 

Year of service 

Break in serv ice 

Forfeit9d service 

Normal retirement boncflt 

EligiiJIIily 

Molllhly amount 

Early ret I remcnt benefit 

EligibHil; 

Moll/Illy omotml 

Optional forms of 

payment 

United Actuarial Services, Inc. 

Sclledu!c MB. 111111 6- Summary of P/3n Provisions 

Brrrklayers l.ocal No. 7 Pension Plan 

May 1, 2014 Actuarial V,11uatic1J'1 

SUMMARY OF PLAN PROVISIONS 

May 1 follow:ng complebon of 435 hours during a twelve: 

consocutve month period. or pnor November 1, 1! earlier. 

Plan yo>ar wllll al IP.Asl 435 hours. 

Plan yecor wllh loss limn 43& hours 

A non· vested parliCIJJUnl 'with· a iwnber of conseet1tlve 

breaks In servk.c equaling the greater of 5 or nls ynars of 

service A vested partiCipant cannot forf<llt his years of 

service. 

Age 62 and 6 years or servlco or. if e~rl ler . aoe 65 and S 

years ol partK:rpation 

$1.00 per year ol pasl s~rv ce plus 4.10% of employ11r 

con!ribut ons made on and after February 1. 1966 and 

before May 1, 2003 plus 3.00% of employer ccntrlbullons 

made on and eflar May 1 ?.003 and before May 1, 2005 

ptus 1.00% ol employer contnbuhons made on and after 

May 1, 2005 and before M11y 1. 2006 plus 1.00% of $2.00 

of em!Jioyer con rlbutlo~s mane on ond alto• May 1, 2006 

Payable for lrfe 

Age 55 and 10 years of serv~t;e. 

Normal, reduced by .5833% for each month under age 

62. Payable for life. 

• Normal, reduced by 1/3 or 1 o/o for each rnonth under age 

62 for benefits of par1tcipant.s who were at least age 55 

and had at least 10 years or setvlco on May 1, 2009. 

• 60 month certAin ond life 

• Joint and 50% survivor• 

• Joinl and 75% survrvor· 

• Joint a n<l 'I 00% survivor• 

• If spouse pre-deceases partletpant, nmount in pay 

stahrs pops-up to benefit amount thai would have 

been !Jayublc if the pmllclpant had not elocted tho 

joint and survivor annolly The cos: of the OOP·UP 

feature IS 1101 subsidized by the rund. 

PagOA·2 

38.19 
Total and ponnanent 

disn blllty bono fit 

Eligibility 

Doforrod vosted bonofit 

Eligibility 

Monthly (lmounl 

Pre-retirement surviving 

spouse be nom 

/E/Ifj/bilily 

Monthly amoonr 

Monthly amo~ol 

Pro-retirement 5 year 

ccnaln doath benefit 

Eligi1Ji/11y 

!Jnlted Actuarial Services, Inc. 

Sc/Jcdulc MB, tme 6-Summary of Plan Prov1sions 

Bucktaynn; ~ ocat No T Pensron Plan 

May 1. 201•1 Ar.umrial Va!u~tron 

SUMMARY OF PLAN PROVISIONS (CONTINUED) 

No longer ava1fable as of May 1 2009. 

5 years of &OIVice, tormination of covered ernploymant. 

100% of normal, payable at normal 01 at ea1ly With 

1 oducfioll Payable for life. 

Death of pnrllclpant with elig Ibis spouse after becoming 

eligible for. 0\lt prior to. retirement. 

50% o1 pan•cipant's joint and 50% survivor annuity 

payable to spouse for life commencing the firs t day of the 

month following participant's death. 

Oc:lth of participant wittt eligible spouse prior to earliest 

retirement age. 

50% or ptuticipant's JOint and 50% survivor annuity 

payable to spouse lor life commencing at parllcipant's 

ea1llest retirement date 

• The cost of the priHetirarnent SU!VIV1ng spouse benefit 

is paid by the partlcipanl. 

Benefit eiim1nated for deaths on or aftllr May 1, 2009, 

offectiva May 1, 2009 

Page A·3 

38.20 
Sr.l><ldule MB, line 6 -· StMement of Actuar/1!1 Asswnpllons/Mathllds 

Brrcklayers Loc.a/ No. 7 Pension Plan 

May 1, 2014 Actuarioll Valuat1on 

ACTUARIAL ASSUMPTIONS 

The followmg ~ssumptlons are used throughout this report except as specifically noted 

herein. 

Valuation date 

Interest rates 

ERISA rule of rotum 

tiSOll to value lil!bililies 

Currant iabil~y 

Operational expenses 

Mortality 

Assumed plaJl m01tali/y 

Cvrron/ Jieblllty 

United Actuarial Services_, Inc. --- ~ 

May 1, ~014 

8 0% per year afler tnvesL'llent expenses 

3.61% (in accordance Wtth Section 431(c)(6) of the 

Internal Revenue Code). In the om~ton ot the actuary. 

this assumption IS appro1>rlal& for a settlement 

measurement but Is not an appropriate long term tntcrest 

rate for mo:u;uring liabil;ties under ERISA. 

$ 120,000 per fuiUro year. 

RP-2000 Combonod llealthy Generational Mortality Table 

prorecled t.sing scale AA with blue collar lldjustmcnl. ser 

fotwar(l one year lor m~11 es and ftltm1les, • cimen rates 

shown bolow for a porlicipanl born in 1970; 

Mortality Rateti 

Age Malo& F ema!os 

25 .0004 .0002 

35 .<>:l11 .0005 

45 .0015 .0011 

55 .0031 .0026 

G() .0110 .0099 

75 .0249 .0233 

85 .0853 .0697 

95 .2488 ' 18()0 

Separtote annuitant ond non-annuitant rates oased on the 

RP-2000 Monalily Tables Report developed for rr~ales 

and females as required by Section 431(c)(6) of the 

Internal Revenue Code. 

Page B-• 

38.21 
Sr:ltc<lulu MB, line 6 .. S!M<orH0/11 of Acruau.>l Assumptlvns/Mf!lhods 

Br•rcklaycrs L()Ci!l No. 1 r>onsron P/,111 

MJy 1, 1014 Acru;mal Valu;,tion 

Special withdrawal ratos 

for first 3 years of 

employment 

Withdrawn I 

Future retirement rates 

Active lives 

Inactive vestoo 4ves 

Year ot 

Employment 

f"lrst 

SE>Cond 

Third 

Atlnu~l 

Withdrawal 

Rale 

.3500 

.2500 

1500 

T-8 turnover Table from I/Je Ar.tupry's Pension 

Hat)dbOok (less GAM s·1} adjusted alter age 49 • 

spee~n•en rates shown beloW" 

Withdrawal 

Aqe Jl~g 

25 1162 

30 , , 21 

35 .1055 

40 .0940 

45 .0754 

50 .0531 

55 .0190 

60 ,0100 

62 .0100 

When elig,ble and according lo tile followtn!) schedule: 

55· 59 

130 

61 

62+ 

Retirement 

Ralo 

.OS 

10 

25 

1.00 

Hesultlng in an overage expected retiremenl ag11 Of B1 ·r. 

If temunated prior to 511/9!J, Inter of normal ratiremeot age 

or aor1 on valuat1on date. If terminated after 5/1/99, later 

of earllasl retirement age or a{)G 0 11 va u~t on date. 

United Actuarial Services, ln.=c"-. _ _ _ Page 6-2 

38.22 
ScllediiiP. lVI B. line 0- Slatemunt ol Actuari11l AssumptiCuJs/Metlh,dS 

Bricklayers Loo:lll No. 7 PenMnn Plan 

Mny t, 2014 Actuarial Vaiu<llton 

---~Ac ruARIAL A ssUMPTIONS ( CONTINUED) 

Future Annual Hours 

Worked 

V11sled liv&s 

Non-Vested ilv!ls 

1, 100 hours, 0 afler !lSsumad 1\0rtnal reUremenc age. 

800 hours, 0 alttlr assumed normal rebrement age 

Future hourly contnbutlon $6 46 

ra to 

Age of participants with Based O<\ average entry age of participants with re<:orded 

unrecorded birth dates birth dnles and samo vesting status. 

Spouse MM1111ptions 

Inactive vested lives over 

ago 70 

QDRO benefits 

Section 4161imit 

assumptions 

Dollar limll 

Assum&d fonn of 

payment for those fimitod 

by Sec/ltvt 4 ts 

Benefits not valued 

100% assumed married w<th tho male spouse 3 years 

older thar his wife. 

Conl.~u ng 1nacbve vested participants over age 70 am 

assumed deceased and are not volued. 

Benefits to alternate payee Included with participant's 

l:enelil unlit payment commences 

$210,000 per year. 

Qua. fiBd jomt and 100% survivor nnnuity. 

Pre-retirement dealtl bene1ts foiiOw~ng withdrawal or 

dlsablllly lor active purtlclpants. 

Page 8-3 

United Actuarial S~vic<:.!! Ins__ _ 

38.23 
=-...,.. .. .... ~ 

Jcl•n,iul.: I''IB. liw: ~- Stntemcnl vi ,1t:warl:l/ A~~''""PiN>IJ si crll OCN 

~rl• 'rlayors Lt;cc.l Wo. 1 f>en"'ion P/t1n 

l\4ay 1 20il1/.r;ltl.iriul V(JitJt"JfiC>n 

RATIONALE FOR SLLECTION OF A CTUARIAL ASSUMPTIONS 

-·· -·· ,._ _ ....... 1"1'"11 

The non prescribed actuarial llbSUIT'ptions were selected to provide a reasonable long 

term estimate o' devolopmg experience. The assumptions are reviewed annually, 

nc d1 ng a comparison to actual experience The following describes our rationale for 

the selection of oach non-prescribed assumption that has a significant effect on the 

vatuauon resulls 

ERISA rate of' return used 

to value liabilities 

Mortality 

Retirement 

Withdrawal 

Future hours w orked 

I Future rates of return were modeled based on the Plan's 

current investment poliCY asset allocation and compo!>1te, 

long-term cap1tal matl<et assumptiOns ta ~en /rom I tonzon 

Acltl<~r l's 2014 survey ol Investment consultants. 

8ased on this analysts. we selected a final assumed rate 

ol 8. DO%, which we feel is re~so ab e This rate may 110t 

be appropnate for other purposes such as sotllcmenl of 

1inbt1ities 

The RP 2000 fully generational, combined heallllY 

mortality table was chosen as lhe buse table for th;s 

population. Projected mortarrty improvement was 

determined using Scale AA. 

Based on the •ndustry of pia~ participants. the blue collar 

adjustment was applied 

Hnally, a 1-year set forward was applied This was based 

on data of larger plans 1n stmilar industries 

Actual rates of retirement by aoc ware last studied for th1s 

JJian for the pe1od 1999 to 2005. No further adjustments 

were deemed necessary at lh1s t1me 

Actual rates or w thdrawal by age were last studied for 

this plan for the period 2006 to 2010. No further 

adjustments were deemed necessary nt this limo. 

Based on review of recent plan exf)1lrlcncc adJUsted for 

ant dpated futuro changes in v10r1<forco 

38.24 
~.' ;; (~ , .. . lit ~ ., .,,.,,,."l··m. oo Jl,::, ·u·t~i l A• . ~: u' \ta.:n::·lltc: ,.utl~ 

, ~~~ •!•f,p. o•t Lu::;:l .Vt I ,''.;'t•!· IU/l t·'/.•r1 

t.-· ; 1 . ?. ft .. / · hl.'ftl 'tl 1i •!tr,ftOH 

ACTUARIAL METHODS 

-· ·-·-- ·--... ..... -.. ~= .~~::. · ... --=~· ....... - .. . -·-· --~ ... ~..-.. -·-·- ·. 

Funding method 

Fundrng period 

£3RI SA Fundong 

Population valued 

Acllves 

tnoci<Ve vesl&d 

Retirees 

Asset valuation m ethod 

Actuanal value 

Unfunded vested 

benefits 

llndlvedual entry agu normal w.tn costs spread as a level 

dollar amount over service 

Trodhonol unit cred1t cos! method. effective May 1, 2007. 

Employeco who have satisfied the plan's eligibility 

requirements (435 hours YJor1<ed in a plen year) and wno 

had at least one hour during tho pfeceding plan year. 

Vested part cipants w.th no houl'li rlunng the precedmg 

plan year 

PartiCipants and benefiCiaries 1n pay status as of the 

valuallon date. 

Smoothed Marl<et Value Method with phase In effecltve 

May 1. 1996 Each years gain (or loss) is spread over a 

period of !> years. The actuarial value •s limited to oot 

lass than 80% and no1 more tnan 120"k of the actuu 

marl<et value of assets 1n any plan yea1 

For the presumotive method actua'ial value, as 

described above. is used. 

United Actu arial S~rvices, Inc._ Page B·5 

38.25 
BRICKLAYERS LOCAL No. 7 PENSION PLAN 

EIN: 34-6666798/PN: 001 

ATTACHMENT TO 20'14 SCHEDULE MB: LINE 8 

STATEMENT BY ENROLLED ACTUARY 

·-·==-------=--------=---~-------=-----

Schedule MB, line 8b • Scllcdu/o of Active Participant Data 

Attached 1s the required Sr.hndule of Active Participant Data from the most rocent 

actuarial valuation. 

38.26 
-- Years or SC'Hvrce 

j'Atiolned 

age Under t \tool 5 to 9 10 to 14 IS to 19 20 to 24 25to29 30 to 34 35 to 39 40& up 

Under 25 0 2 l (! 0 0 -0 0 u a 

25 to 29 0 - G l 0 0 0 0 0 o; 0 

30 to 34 0 4 1 2 0 0 0 0 0 0 

35 to 39 0 7 3 j 0 0 0 0 0 0 

40 to 44 0 6 2 3 2 1 0 0 0 0 

45 to 49 0 3 0 7 6 3 0 0 0 0 

50 to 54 0 4 2 3 4 6 2 2 I 0 

55 to 69 0 1 l 2 l 3 l 1 1 1 

60 10 64 I 0 0 1 0 0 0 0 0 

65 to 69 0 I 0 c 0 0 0 0 0 0 -- 70 & up 0 n 0 0 0 0 0 0 0 u 

38.27 
BRICKLAYERS LOCAL NO. 7 PENSION PLAN 

E/N: 34-6666798/PN: 001 

ATTACHMENT TO 2014 SCHEDULE MB: UNE 9 

STATEMENT BY ENROLLED ACTUARY 

------~ 

Schedule MB, lines 9c and 9h - Schedule of Funding Standard Account 

Bases 

Attached Is a schedule of minimum fu11du'g amo,·llzahon bases maintained pursuant to 

IRC Section 431. 

38.28 
BRICKLAYERS LOCAL NO.7 PENSION PLAN 

EIN: 34-6666798/PN: 001 

ATTACHMENT TO 2014 SCHEDULE MB: LINE 9 

STATEMENT BY ENROLLED ACTUARY 

Schedule MB, lines 9c and 9h • Schedule of Funding Standard Account 

Bases 

Attached is u schedule of n11nimum 'unding amortlzat•on bases ma•nta10ad p~'f uant to 

IRC Section 431 

38.29 
Date SO<. reo d Change 1n 

E&labllshed UnfiJnded L10bolh 

Cllarges 

S/1!1977 tMoOIUAc 

S/111979 Plar,Amondment 

5/1/1965 Plan Amendment 

5!11'1986 Plan Am<!<tdmcnl 

Sl\/1987 Pion A'r'lond!l'ent 

S/1/1989 Plan AmendOTenl 

5/1/199() Aasuonplrons 

51111994 Assurnp~ons 

51111!i96 1\s &umpbons 

!.i/1/1 9116 Plan /\me"o'melll 

5/111 99'1 Ass\J""'tlons 

51111997 Plan A-!lflrodn1cnt 

51111996 Ptun A'Tlendroont 

51111999 Plan Amendment 

511/2000 Aosvmplions 

511/2000 Pl<ln Amendment 

51112001 Elrperietle& Lou 

~/ 12 0'Z Amendment 

5/1 12002 Assumptions 

5111'2002 Expmtonce Loss 

5/1/2003 Ellf)9nence lou 

51112004 Expeolence Loss 

5/1/2005 E,~petlence Loss 

511120J6 Experience Losl 

51112007 Assumptions 

5/1/2007 Method 

511/2008 Experience Los• 

51112009 Expcyrence 

5/112011 Expeocnce 

5/1i201:> AflRumpttons 

5!1/2012 Experience 

51112013 Expetlence 

.':i·, .!:J,-!yt:r·; I .,,~ tll Nc. I PtJtr.~· ()·} ."It•;· 

::t;'l: 3''·".CH>6ntl0N· 00 I 

,:;·t .. '• .! .;~ l'l ~ J •• , St;i)t"t.ul·•til.9 I tn•. S 9•; .ltld !1)1 

I :./1/2014 I 

Or1Jinal 'Ongmsl Rem,.nlng Penod OutStanomg 

Amount · Por1od Years Months tlalance 

40 3 0 236.690 

~0 5 0 214,671 

30 1 (l 7,111 

30 2 () 143.143 

30 l 0 276.262 

30 5 0 234,181 

JO 6 0 104,625 

513.413 30 10 0 305.191 

~75 139 30 12 0 317.768 

366,610 30 12 0 245,21• 

302,027 30 13 0 212,056 

?,024,332 30 13 0 1,421.236 

1,046 1.4 30 14 () 766.101 

1,094,569 30 15 0 832.216 

481 ,195 30 16 0 378,349 

:>06.860 30 16 0 164,225 

350 347 15 2 0 72,968 

20,7?6 30 16 0 17.254 

68G.~58 JO 18 0 570,641 

\,973,9511 16 J 0 694.315 

4,139,652 ·s ~ 0 1,601,848 

1,064 ,453 15 ~ 0 96.526 

2,241,650 1~ G 0 1,210.68a 

1,908,358 15 7 0 1,160,770 

30,385 30 23 0 27,991 

~6.313 10 3 0 181556 

290,362 1~ 9 0 216,290 

6,709,219 15 10 0 5,259.596 

1 462.111 15 12 0 1.287 295 

532.014 15 13 0 491,259 

1,65~ ~62 15 13 0 1,525,875 

923.6'14 15 14 0 889,598 

PageC-1 

38.30 

~1120 4 I AmortiUI\ron 

Payment 

85,030 

49,763 

7,1 11 

74,328 

99,262 

54,302 

20,953 

42,115 

39.~6 

30,127 

<4.841 

166 496 

00.040 

90,026 

39,577 

17 178 

37 809 

1,705 

51,;,377 

213,534 

447,809 

1 15,'148 

242.~ 92 

206,438 

2,499 

6.667 

32,059 

725,773 

158,165 

57,55 1 

7~,756 

59,912 
Dolo Source of Change in 

E~tab ished Unlurrdeu LiaoUit 

Credits 

5/I/~US5 AssumptK>ns 

51111988 Method 

6/l/'1989 Assumptlor IS 

511/199'1 Assum!)llons 

5/11199·s Assum!l(IOns 

511/IW'J Ptan Amencmem 

S/1/2000 l:ixp~ric cB Oaln 

!.l'li?U03 I'.SS~'llptiorr 

51'112001 Plan Amen<Jr,'"''' 

51112005 Aswmptlon• 

5111200E Plan Arnondment 

5/112006 l'lan Ame~clment 

5/1/2007 Experience Ooh 

6/112009 Pion Amendm<lntt 

5/1/2010 Atsump!!ona 

5/112010 Experrence Gam 

511/20'11 Assum;>t-.:lHS 

51112014 Experience o.rlll 

~~ J ;,~ ··:: f.• ,, •''· ' •)1• ot:1' •t p1 .•• 

·---- Orlgrn~ l ! Of!ulrml RA<Yiainlng PeriOd 

-~--- Arl>Oilnl · Penod Years 1 Months 

Total Charges: 

30 0 

30 4 0 

30 5 0 

30 8 0 

JO 9 0 

1SB,607 30 1 0 

123.511 15 1 0 

1'13,096 30 19 0 

2 117,34?. 10 ·g 0 

41,5&3 30 21 0 

3 412,7 ~ 30 21 0 

65?.,500 JO n 0 

382,876 16 s 0 

2.291,241 15 10 0 

68,862 15 11 0 

2,233.307 1& 11 0 

~4,' 3 1b 12 0 

632,588 15 15 0 

Total Crortits: 

Net Clrargo&: 

Lo.r;s Credit Blilmtc:e; 

Less Reconcili\'ltion Baltmco: 

Unfunded Acruatial LJal>illty. 

P;>ge C·? 

38.3 1 

5/1/20'14 

Oul$tundlng 

Bohnce 

21,300,530 

45,173 

174,49S 

113,589 

M97 

110,113 

100 4~5 

13,369 

96,479 

1.800.225 

3Q,993 

3,036,514 

591,234 

257,067 

1.796,190 

57.434 

1,866.844 

38,675 

632,588 

10,786,076 

10,514,452 

-6' 521 ~50 

0 

17,036,462 

- -· ·- I 511/2014 

Amortization 

Paymenl 

- --

3,508,999 

45,173 

t8,784 

?8.338 

723 

17,510 

13,02~ 

13,369 

9 .302 

174 146 

3.418 

?P.0,688 

53,667 

41,418 

247,85e 

7,449 

242.130 

4 776 

68.431 

1,298,200 

2,2'10,799 
BRICKLAYERS L OCAL No. 7 PENSION PLAN 

EIN: 34--6666798/PN: 001 

ATTACHMENT TO 2014 S CHEDULE MB: LINE 10 

STATEMENT BY ENROLLED ACTUARY 

Schedule MB, line 1().. Ac um ;~to d Funding Deficiency 

Pursuant to IRC Seclloo 4971(g}(1}, the exose tax roJaled to the accumulated lundrng 

denciency that woulo othetwise be assessed unoer IRC Sectron 4971(a) and/or (b) is not 

assessed because 

• The Plan is in cnlical status for the plan yea< ended Apn: 30, 2015 

• The rahabililabon per.od is May 1, 2009 to Apnl 30, 2019 Smce the rehabllilation 

period has not yet expired, the Pl!ln has not f"'iled to meet the requirements of IRC 

Section 432(e) by tho end of the rehaoilitation period. 

• The Plan has not recerved ccnificatrons under IRC Secllon 432(b)(3)(A)(ir) for 3 

consecu:rve plan years that II •S not meeting rts reqUirements under lhe rehabilitation 

plan. 

38.32 
BRICKLAYERS LOCAL No. 7 PENSION PLAN 

E/N: 34-6666798/PN: 001 

ATTACHMENT TO 2014 SCHEDULE MB: LINE 11 

STATEMENT BY ENROLLED A CTUARY ---~- ~ 

Scltac/ule MB, line 11 - Justification for Clmnge in Actuarial Assumptions 

The asst.mptlons an:l methods differ from those used the preceding year 10 the followtng 

:espects. 

• We lncraased the assumed hourly comribulior rate from $6 38 to $6.46 to rellect 

the negotiated tn<:rease effectiVe June 1. 2014 

• We changed lho cu-rent liability interest rate from 3.66% to 3 6t%. The new rate 

1s witnin established statutory gUidelines 

Actuary's Statement of Reliance 

In comple!Jng lhts Scredute MB, the enrolled actuary has relied upon the correclness of 

the fimtncial Information presented in the pension fund audit and upon the accuracy and 

completeness or participant census data provided by the plan admimstralOf. 

38.33 
Document 38.3 

ScheduleR of the Current Fomt 5500 

(with Attachments and Schedules) 

See the following pages. 

38.34 
SCHEDULER 

(Fonn 6500) 

Otcl•'~--a ••• THoa&rf 

..,. ... ~ 5flftot 

Retirement Plan I nformatlon 

lrMasc:tu.'<l.lle IS tequ1re-d to bellteo undet "tetlon 10.4 and 4065 ot tna 

Etnptoyoo Retltemo,. I~ Sec:urtly Ad or 1974 {£RlSA) at~d 14"CIKWt 

60581.1) ol111e lrlerr"' RaYoniA Code till<> C<xle) 2014 .,......~~~ 

~l!lll'WodW Mt'Aitt/M-I!liWill 01"' 

P ""-'CI!i ~'l• O l.llltllr IY~ <~:IGn 

• Flte as an auacNnom to Fonn 5500. Thlt~ Form Is Opon to Public N poctlon 

fc•· calcnd;1t f!hm l661 2014 or cal i!~ yow begln !~ OS[Ol/2.01 4 ~nd enuiu o'4/30/2i5i5 

A N~rnu c,' plun B lhroo·digl 

plan number 

(rot.., .. 001 

BRICKLAYERS & ALLIED CIUIETSMEN LOCAL 7 PENSION • ... < 

c Plan t.pOntJor'• name B8 sJlCfwn Dl" ll!le 2d of Fomt 5500 D Employet kfomirlcat on N\.ll'n::er (EIN) 

BOARD OF TRUSTEES - BRICKLAYERS 7 

I l?art I I Distributions 

All rofc-r•ncvt to d"btrlbutKNl.S rei..W orlt t.o payments of benefits during the plan year. 

1 TOIII vakle ol OiStrbutions OOkt tn Pf'OPOrtv ~ th'ln 11"1 cesh cr ~ foff'M d J)f~ ~*'in llte 

lltn'UC'h~ 

34-6666798 

Cl 

2 En1er lhe U~l$)01 p:tym(s) •Nho pnld tlur"~llf.U on OOh# o1 lhf !)<an !o rotticipor;ls 01 bc eft~ariBs du•ng 1M year (I mcro lh.!n twn. ent-At E.JN1o1 the !Wo 

f}Oyool wt~ P"'ld tla o•eszst C'olnr flfl'l()ldiiS<>I b1lliAf$} 

EIN($) 34-66667 98 

Proflt"'h.trlt.g plans, ESOP;. and atock borr.ts pbns. t klp II no 3. 

3 N~ Of pa~~ (i'll~ 01 deceased) wt..c.sa betlelltt. WOtl d~Ad ,., 1 SM'Ig&e .sum., dur~ 1111 Ol&tl 

0 

Funding Information (It rho poan IS not tulljec.t to tho crnlmUM fttnding req-uirement' or aoclion or 412 or the lrternal Aevente COde or 

t:.RISA section 302 akl, this Purl 

4 lslhn piOI• -.Jmlr'itltmtor making on t~ c:tlon ur.der Coda soctfon 4 12(d)(2) Of HUSA 5ecti:m 302(d}(2)'> 

If tho plan ta Q clefined bonoflt pon, go to lin& 8. 

5 If a wav10I' ol lhe m1ntmUm tl.ln<llng •t~...,Ot(.l for • pttOr yeur 1.1 ~ amotltZ.O In this 

I l Yo• ~ No fTNiA 

pbn )e.ar, M" lltWrdon!J ond e.n:cw \he date of the ru•t'lg ~:ter aranRIQ trte wa....,. Date: Month__ Day __ Ye• 

If you compkued' line .S, oomplcttllnes s. 9, and 10 of ScMchde MB and do nO\ oomple.tl! the rem1indor or lh* s chedule. 

6 3 Fnlef 1ho f'!lllll'l\um roq~~. t'Mf OOOI.Iibu:tlon fur ll'lis pl;an )\Oar (inckJde: any priOI tCIPI &QCilmiJla.le.l t11ndlng r9r-"="---- - ---- ci(!ACifW'(:y r ot waiYed) 

b EoltJI' the amcuot COt'l/lbuittd by ~ P.mptoyer to U\IJ fja•' lnr this t~n yeor 

C SubVIet tho M\Ot,mt In lrt"' Gb (cOM the s;rnm~nt in IIIlO Sa. En~r lhe teeult 

(onlat a ll'lf\US $igl totne to!\ ola re;atNe tmount) 

tf you comp4c"'o hne &e. a kip lhm a tnd 9. 

7 WiJ the mll"'~ functng •r"noul'll r~rted or\ Me Gc: Uit tY!IIII ty ttle t.Jr.dtrg doadlint? 

8 tf a chrt•'I9V In "ctuanat cost met nod. 'N9$ made for thiS plan yu111 pu!!lus.,t ton rovonvo pi'Oce<lum Ol oHHtt 

au1horny pl'ovltl ng a•llomatlc lij)f)fC.\'.!11 for tho r.h.ar•!J' C'l• n ~us 1uii+IQ aettef, does tim plan sponsa. ot ptan 

oamlnlavntot o~Qrw v.~h the ctlo11ge? 

I ;Part m·l Amendments 

9 (f tnis IS o oe'ncd tGrtef.t oen.ston pial\ we:re any ytni;H"'n(JrQ acfot:tod dur\n;t U1t1 c»n 

6c 

C Yoo 0 Ito NIA 

n v .. ~ No l I N/A 

ye.a_.· l "-•I 11\C.'tased or dooroaaMIM vtt~e cl boncflt!l'?lf vcs. ctvo>....ck 'he approl)fltUe 

bOX. II no cl'leck the o" oox :l o .. ..,... [l 6olh lXI No 

ESOPs (SOl! in$;"-•t1tlOn3). 1f this b nut a plan (Jtner!I'*S under Sbt:tlcn 4119(n) or 4975(G)(i') or ~t1 lntema1 Re•1enuu Cuda, 

e~ir1 Ui, PiJrt 

10 We-Je ~3ti()Co)1Cd CfflM))er .aec::ur ues 01 pfoceeds ftotn the ~~ ot unalb:.atect secunoes used 1.0 ~~ err; ~~:etnPt klon"P 

11 a o.e. '"" F.SOI' hold ;ny •·•~ SIOd<? 

b I lhet ESQf) ho.' on OV'.stund.n~ OJ:Iltnpl tonn Wllh tno omplgytrr •s lem!er IS such k:IMl part of" "b3Ck4~back" loa•\? 

{Sou •nstr~o~allons for definilion or·'back-t-a-back"' 11).-n) 

12 Cots the ESOP tlotf af\y stock lhnl iS not readii'J tm~b o on an esi.OOUShed Aocurlttes market? 

C v .. ~~<> 

0 y., I I No 

0 Yes Ll No 

lJ Yes 0 No 

For Paporwork Redi.'(;UOn A<.t NOUCO nrd OfA8 Contfol Nllrnbol'$. MO the lnaltuctiOf'l~ tor Form 6500 Sc:hediJie R (Form 6600) 1014 

3X.35 
BOARD 0!' TIWSTl!lPJS - UIUCKLAY!IR9 'I 

----'Sc=loc::Od::=u"' Ujfoou 5500) Z014 

34-6666798 

Paae 2· .a.::rD'--'-- [ Part V Additional Information for MultT.iffipJover Defined Bonqfl.l.. !:.Pc!!ln!!ls!.!.lo~n!.!...!:P.!!Ia!.!!n!:!s ___________ _ 

13 Ert.er the 'c!IOwng lnk:ln'nahun b' oact ~ i~ oontnhll~ fi'IOf"' Ulan 5% of total Q;~nttTbuhoni lc ltM: pb~ durng t~o p1al1 ,eat ("''taSU'ed Jn 

C Oo!laramo\lll\COnlnbuiedbyemmoycu 200222 

d rJollt ~o lf'ntlve btugaiiling ltQhlOOlOaU Ll-XJJl•es (If t~ pl<lycra (lO flbU tWJ untklr moro than one colloctl\t<'t !Xtrgaanlng ogaetHnOf'lt, cllGel( bo>: L 

and see instructions regarding Jc:qutrc.<l Qttar.hn•ellt Oltlecwise. enter ltle app !C:SDie llattt) Uontl't 0 5 Day 31 Yoar 2 016 

e Corlt~Htll'('o~J ti)IJ informat(m (If tnOfO that! cne rate apptle5 cneek: lhb bOOt! ond toe lf\Stl'lk:liorJ ~g&Rii'tg requ.red Dlll(:hmet'll <:>theM110, 

<Omj)letellnes 13e(l)and IJ<Qll 

(I) Com.,.,.,.,rale(ndo""""""""'"l 6.41 

ill--~!.""' yn( 'rn.'":':"'e:[~ouJ !y [. WeeJ<)vJl_u~n=•~o~f ~JWd~~cl~oo~"~D~~Ot~h"':::<~~e:;•:c~:•L:; :::..:..:=====:...:::======== a om~ Of_<i£1l!!J,Oulil19 employer AMERISEAL AND RESTORATI"'O"'N':-,.------.....,--------,....,..,....,,.., b Ell'l 3 4- 1956443 C Dolat81now'!oo.nh i><JI~mploytr 1418J3 

d Oate col•cti'<Ht bo.rg3ini"~ ttgfiOI'Mt't expiros (tf t!n!plc-,er COf'\4flbu:es Ul'ldur tnot'O than one COitldiVt oar;a•ning agreemotll, ctet:k box tJ ~•ee"'>t"""'onsro., rc •eda-•.Ott•,....., .., .. ,u,., .._dote. Montll 05 o 31 v- 2016 

e Coolri,..Hnn ro11e infonraUOn (If m:we tfian cne tate _ :J.f)t)IM, chet* ::h$ bo•' 

oolllplelolloes t3e(1) a'ld •Jo(2).) 

(1} Contnbulion m lo (In d O!IOfl and canis) 6 . 4 6 

~-~. (?J ,Jl~e unit measuro ~L.!:t.C.'!.!Y oe~ly _U::u~, ol produc:lion 1:- Dliler (spe<:ilyl 

a NameoiCO<\tribt.<ingoo>p!<>vor FOTI CONSTRUCTION 

b EIN 3 4-1972581 c Oolar•!!19Y1Jlwotnl>tAe<ll>y!!!ll?low! _ 135S69 

d Date colect ve b.YgainflQ agreon'IW( expire$ {lt emp»yet conub.Jiet undttf m"Jre thin one c;;J~eQ.w bargalnrg agreonoent chedc: boX .J 

andste lflWUC(;Ot)smgarurtp!OQul uxiRlt iChmen Qlll~•Ge e!' eftho!!?phc.abtedate l Month 05 Dav 31 Year 2016 

c Conutbvllon ~te infQm\OIIrm (If n'OIQ lhao one 1:.te fii'Jplles. chock H'I!S box.[J and ~-to tnatructlons reoarding requfmd altl)c.ltrnunt Othe"'11:n1, 

comoiOIO Inc• 136(1) 9nd '13o(2),) 

('I} ContfiQutton rnto (\11 c:ollatu "nd ccntl) _ 6 . 4 6 

(i') naw. n~l me_asure fX( Uourf't; !J We&klx J .. Un t 01 proaucl101'1 I Olt•r c~.~k 

e Contrii.Ki .on tOto ln tormtUion (If more thtlr1 one Mttt Of)~ltll' ~1clt tttit' 

OOttl(llettt li11es 13e(1) and 13c(.1i) 

(I) Co'llrWi011 <ate (.<• .-•• and c:or.IS) 6 . 4 6 

PI !l• .. ""~ \".!'~"""' ® Hou!!y l W•••'l' I I Uoil ol,...,.....,. l O!he< <•!'!""'I 

a Naml't al contributing empl()y!' 

b !:IN c: (l01ku' amoulll conttlbuted b-y em!)lo\•(U 

d IA!tu colkH:Al\1(1 bargflln1nn &gfflnrnant c•PIIt a (If omp ~er cortlrir;hates undor rl\Ora lhan one OJih!divc bargainltlQ agreet~)ttnt, (:tlecl< box U 

and w l~lructions t!Sdtdioo recw•red aU;cbntiHll. OtN.rwM. enter U'le apP'ietlbM Ull!&.) MonVJ Oi!Y Year 

e Contr.wt-o11 ,8\C lnlortr.3tiun (lltM•e It' ..on one ra:o o;lpiiOt ched. U1i-J tJox •. J and se: insrn.dtor• t~Mding requl"ed at~nt C>lherwisa. 

_.. 1neo 130(1) and l:!o{7 ) 

(1) Co~nnbuton rona (in OOIIt.W'i and c;enls) 

(2) R:\&1 unl ~t~.3tns:- 110111'< 0 w.,ekl'y Unit of prodl..ct!O'\ 0 Ot:"'::(s:e:;""=:!y~)================= _ _,a,_,Namc of oonlr.buting employttt 

_..JLE'!'!.....----------...,- d OnWI! eoUodvo borgOAtlng Gg'Ut"";cnt. ~(If em~loym coniOOutet tJtld•• mot~t lhl"l otw cul"'dl'i'D bolfidir'liNJ 81Qr'Hf'MRI, d-eck bo)f 

and Me orslr...aoos resptelt'!V: teauwed aUachmt{'t 9!':'C"MH entot tnQ IFPkable cate_.} Mon!h Cay Yeve Cow•)UtJOn ,!., mformaton (It mote than or\0 Qlte appliel, Chook tha box J alld see ln!#tn.acbna regtwj111g tequved attadvnenl 01herwt9e 

compiOJO IIIIOI l JQ(I) and 131!(1,),) 

(1) Conltlbuti!Jil rat(! (In <:10~11 an<f coots) 

(? Oo..a unit rneasu'u r waetlly I Uufl. or pr0Clvctl011 - 0 11'\0r (:socclf't). 

38.36 
f'iM'(U~C U11(111r1)!1&' •Of>f, 

BOAllO 01:' Tl\Ull'l'lii!IS - BUCIILAYZRS 7 

ScOOduleR (Him! 5600) 20·14 

6666 98 

___ -JP!s!a 3 

14 Ento• 11110 ntlnbefol patttt~ts o~dloM be'L3J nv~l'l1.nOI..hOMWOtel~ ttt on empo-)"'ef as an en~ of the 

•• rticC)ant tat· 

• rn. cvnenl 1far 14a 

b Tre (}lan }'ear lmmedlatcf)' preccCir\U thl) UJrrunt plun YlJIY 

c I M ~emnd ~codiQO ~~) ~ · --- 15 Enltr• thu reba ot the numur ot pam;dr:JQnu, under thl p '" <n vm-ose behad •~o en~er bd an~ to ""'*e an 

empb:fO' cootrt.utcm dunng lhc f;"Jfl~ ptan yoar to: 

a ihe OOfre&pondutg 11umber fOf the plan year imnl&diutuly proccrdlng 1he currom p!on ye.,f l1sa 

b The COII'eSEOfldlll!l (lUmber lor tllct tCCOnd er2f&dini!_Rt-!I_Y.ODt 11Sb 

16 h11ounullon Wl!h '".e.peet to o.ny empiD)Oif'l who whhdmw from the plan <luMg lito pc~dlog pl•tl year· 

a E.nte• tne ntunber or ernp~yeB ~ v."dlktrtew d1.1tl19 tl'lil:!' p.-o<:edtng s*f, '1V.If 1&a 

b II t.ne \63 is9ett:or tnan o. enter tna 11901&Glle amoul'i d "'AtldraNal ilab.&y assessed Of esumatod co bt 

a~o:;ossed agalntt auc."l witoorawn emptoyars 1Gb ---

17 II asset$ a't(t lliJWitles ' iftiOthor ptat1 ta.Jvv J)LICI•l VI.MtdorrOO to t)lll:1111goli ,,~ lh•• plan dutlttg 1\B ~a.n )'eEtr, creek t:o:c ant: soe N lf\.'llh:>ns u~gartfln.:t 

IIU1)J).ijltiOIN i'nt~II O be ir.cluded 35 On J. !t~ehnll'll!. 

I Part VI ·1 Additlonallnfonnation for Single-Employer and Mulllomployor Oefinod Benefit ~s!!:lo~n!...!P:.!ta!!.n!:s!!.-___ _ 

18 K •'Y ~"""""II> p&1iop3nls or lhiW _.., """"tne P'lfl., ol llt ond ol '""~~I"'' con••MnW'"Oiecwlll pe~d ~slo sv.l1 p>lf<Wrli 

Bhll bonoklme~ IJnltt:r lwoor mn ~ l'!l»t il$ :'1 ilntned ~i.ety bolo10 such plan ea~ cNck tx:.K and sco t•:ruca.oos f'89.'l1dll'{l U.I.CIPioiTIJ0131 

-::-::--' ~Ul~~~ be lucWEN a::1 an 3tt!chm!lll 

19 II U10 totnl numbtr ot IJIUU(!iponts 13 1,000 or I'I"Cro, O:llnr,4alc hnes (O) through (r.} 

tJ r""n' lha pe•cerlo;.e of pl.1n asseb hij4d .s 

Skid< % IIM>..,...M.clt>d<l O.bl % Hog .. Vied Dol>l l\ f<eal Estot.e % Ot•"'r 

[ I 

_ _ leo 

b Prcw•a1: 'hO everuge dumt.an ol thc CO'Tibii\C!rt ifWesl.fTW"nl.grado and h..gb·yl8td detl 

0 D-3yoa<> I J 3·6yeara [ ~-9yaa,. I h ·12 yO<lr$ U l 2·15yON& L 15-18y,>Aro []18-21)00<S 0 21yum•or more 

c WMt duration meosure ,.;as use<l to .;oleul :~te kne l9(b)'7 

___ _.[! lloc:h,odtit~ll n ] ,.....ocaolayjiU<>Iioo 0 ModJ'o!d dumtlon Othef(•pot>M. 

3X.37