Yes 29. Does the application include the plan sponsor's representation that, if it APT. 013
No receives the Treasury Department's final authorization to suspend and
N/A then chooses to implement the suspension, it will also amend the plan:
* to provide that the suspension will cease upon the plan sponsor's [EXHIBIT 11
failure to maintain a written record of its annual determination that | (A!PT 157)
(i) all reasonable measures continue to be taken to avoid
insolvency and (ii) the plan would not be projected to avoid
insolvency without a suspension,
* — to require that any future benefit improvements must satisfy
§ 432(e)(9)(E), and
e to specify that the plan sponsor will not modify these
amendments, notwithstanding any other provision of the plan
document?
See section 6.07 of this revenue procedure.
Yes 30. Does the application indicate whether the plan is a plan described in laipt 014
No § 432(e)(9)(D)(vii) and, if it is, how that is reflected in the proposed benefit
N/A suspension? See section 6.08.
Yes 3 Does the application include a narrative statement of the reasons the plan | exwipit 12
No is in critical and declining status? (AIPT 158 - 161)
N/A See section 6.09.
Yes 32. Does the application include the required plan sponsor identification and AipTo14
No contact information? See section 7.01 of this revenue procedure.
N/A
Yes 33. Does the application include the required plan identification information? AlpT 014
No See section 7.02 of this revenue procedure.
N/A
Yes 34. Does the application include the required retiree representative information AIPT 014
No (if applicable)? See section 7.03 of this revenue procedure.
N/A
Yes 35. Does the application include the required enrolled actuary information?
No See section 7.04 of this revenue procedure. AIPT O14
N/A
Yes 36. Does the application include a designation of power of attorney for each
No authorized representative who will represent the plan sponsor in APPENDIX C
N/A connection with the application? See section 7.05 and Appendix C of this _| (AIPT 537 - 539)
revenue procedure.
Yes 37. Does the application include:
No e — the required plan documents EXHIBIT 13
N/A * any recent amendments (AIPT 162 - 326)
«the summary plan description (SPD)
* any summary of material modifications, and
the most recent determination letter?
See Section 7.06 of this revenue procedure.
Yes 38. Does the application include the required excerpts from the relevant EXHIBIT 14
No collective bargaining agreements and side agreements? See section 7.07
N/A of this revenue procedure. (alPT 327 - 335)

42



Yes 21. Does the application include a discussion of any other factors the plan AIPT 003 - 009
No sponsor took into account including how and why those factors were taken | EXHIBIT 12
N/A into account? See section 5.04 of this revenue procedure. ({AIPT 158 - 161)
Yes 22. Does the application include a copy of the proposed ballot, excluding the
No information regarding the statement in opposition, the individualized APPENDIX A
N/A estimate, and the voting procedures? See section 6.01 of this revenue (AIPT 473 - 505)
procedure.
Yes 23. Does the application indicate whether the plan sponsor is requesting AIPT 012
No approval from PBGC of a proposed partition under section 4233 of ERISA?
N/A See section 6.02 of this revenue procedure.
Yes 24. if the answer to item 23 is yes, does the application specify the effective
No date of the proposed partition and include a plan-year-by-plan-year N/A
N/A projection of the amount of the reduction in benefit payments attributable to
the partition? See section 6.02 of this revenue procedure.
Yes 25. Does the application include:
No *  adescription of each of the assumptions used in the projections | EXHIBIT 10
N/A required under sections 3.01, 3.02, 4.02(1), 4.02(2), and 4.03 of _ |(AlPT 138 - 156)
this revenue procedure,
* supporting evidence for the selection of those assumptions, and | APPENDIX B
e —_anexplanation of any differences among the assumptions used (AIPT 506 - 536)
for various purposes?
See section 6.03 and Appendix B of this revenue procedure.
Yes 26. Does the application describe the plan’s experience with certain critical
No assumptions, including a disclosure for each of the 10 plan years EXHIBIT 10
N/A immediately preceding the application that separately identifies: (AIPT 138 - 156)
«the total contributions,
+ the total contribution base units,
e the average contribution rates,
e — the withdrawal liability payments, and
e the rate of return on plan assets?
See section 6.04 of this revenue procedure.
Yes 27. Does the application include deterministic projections of the sensitivity of
No the plan's solvency ratio throughout the extended period by taking into EXHIBIT 10
N/A account the more conservative assumptions of investment experience and | (AIPT 138 - 156)
future contribution base units than assumed elsewhere in the application?
See section 6.05 of this revenue procedure.
Yes 28. Does the plan include deterministic projections for each year in the
No extended period of: EXHIBIT 10
N/A e the value of plan assets, (AIPT 138 - 156)

«the plan’s accrued liability, and
e — the plan’s funded percentage?
See section 6.06 of this revenue procedure.

41



Yes 39. Does the application include the required excerpts from the most recently l EXHIBIT 15
?

No filed Form 5500? See section 7.08 of this revenue procedure. (AIPT 336 - 396)
Yes 40. Does the application include the most recently updated rehabilitation plan? EXHI

. IT 16
No See section 7.09 of this revenue procedure.
N/A (AIPT 397 - 402)
Yes 41 Does the application include the two most recent actuarial valuation EXHIBIT 2
No reports? See section 7.10 of this revenue procedure. Semi
N/A (AIPT 403 - 472)
Yes 42. Does the application include this checklist, completed and placed on top of |, ppenprx D
No the application? See section 7.11 of this revenue procedure and this (AIPT 540 - 545)
N/A Appendix D.
Yes 43. !f the application is being submitted for resubmission review, does the
No application include: N/A
N/A * cross-references to information in the prior application with

respect to information that has not changed from the prior

application,

* _ astatement that the application is being submitted for
resubmission review, and
¢ the date on which the Treasury Department indicated that the
application is a candidate for resubmission review?
See section 8 of this revenue procedure.

———— —l

Paul Carr Allan Harding
Chairman, Board of Trustees Secretary, Board of Trustees

Date ] Z-It -|7 pate. SESE

43

AIPT 545


APPENDIX D
CHECKLIST - IS THE SUBMISSION COMPLETE?

Instructions. The application must include a completed checklist placed on top of the
application. This will help ensure that the application is complete. Answer each
question in the checklist by circling Y for yes, N for no or N/A for not applicable, as
appropriate, in the blank next to the item. Also insert in the appropriate blank next to
each item the page number or numbers where the item appears in the application.

APPLICATION FOR APPROVAL OF BENEFIT SUSPENSION FOR
ALASKA IRONWORKERS PENSION PLAN

Response | Item Description of item Page number
number in
application
Yes 1. Does the application include an original signature of the plan sponsor or an
No authorized representative of the plan sponsor? See section 2.01 of this AIPT 015
N/A revenue procedure.
Yes 2. Does the application include a description of the proposed benefit
No suspension - calculated as if no other limitations apply - that includes: AIPT 002 - 003
N/A e the suspension’s effective date (and its expiration date, if
applicable),

whether the suspension provides for different treatment of
participants and beneficiaries,
* adescription of the different categories or groups of individuals
affected, and
«how the suspension affects these individuals differently?
See section 2.02 of this revenue procedure.

Yes 3. Does the application include a penalties-of-perjury statement signed by an | expipit 1
No authorized trustee on behalf of the board of trustees? See Section 2.03 of (AIPT 017)
N/A this revenue procedure.
Yes 4. Does the application include a statement, signed by an authorized trustee | eyripit 1
No on behalf of the board of trustees, acknowledging that the application and | (aipr 017)
N/A the application's supporting material will be publicly disclosed on the

Treasury Department's website? See section 2.04 of this revenue

procedure.
Yes 5. Does the application include the plan actuary’s certification of critical and AIPT 003
No declining status and the supporting illustrations, including:
N/A « the plan-year-by-plan-year projections demonstrating projected

EXHIBIT 2

insolvency during the relevant period, and (AIPT 018 - 090)

separately identifying the available resources (and the market
value of assets and changes in cash flow) during each of those EXHIBIT 3

years? (AIPT 091 - 096)
See section 3.01 of this revenue procedure.

38

AIPT 540



Yes 6. Does the application include the plan actuary’s certification that, taking into
No account the proposed suspension and, if applicable, a proposed partition, | AIPT 003
N/A the plan is projected to avoid insolvency if the suspension takes effect, and
the supporting illustrations, including: EXHIBIT 4
* the plan-year-by-plan-year projections demonstrating projected —_| (APT 097 - 113)
solvency during the relevant period,
«separately identifying the available resources (and the market
value of assets and changes in cash flow) during each of those
ears?
See section 3.02 of this revenue procedure.
Yes 7. Does the application include the plan sponsor's determination of projected |AIPT 003 - 009
No insolvency that includes the documentation set forth in section 5 of the EXHIBIT 5S
N/A revenue procedure? See section 3.03 of this revenue procedure. |(AIPT 114 - 118)
Yes 8. Does the application include a demonstration that the limitations on
No individual suspensions are satisfied, including a description of each benefit |AIPT 009 - 010
N/A based on disability, as defined under the plan, that is paid to an individual
under the plan (without regard to whether the disability benefits are EXHIBIT 6
available to newly disabled participants) and calculations regarding: (AIPT 119 - 131)
e the guarantee-based limitation,
e the disability-based limitation, EXHIBIT 7
* the age-based limitation, taking into account the guarantee-based |(AIPT 132 - 135)
limitation, and
e _ if applicable, the age-based limitation taking into account both the
guarantee-based limitation and the disability-based limitation?
See section 4.01 of this revenue procedure.
Yes 9. Does the application include a demonstration that the proposed AIPT 010
No suspension is reasonably estimated to achieve the level necessary to
N/A avoid insolvency for the extended period, including illustrations regarding
the plan's solvency ratio and available resources? See section 4.02(1) of EXHIBIT 4
this revenue procedure. (AIPT 097 - 113)
Yes 10. Does the application include an illustration that the proposed suspension is
No reasonably estimated to achieve the level necessary to avoid insolvency _‘| A!PT 010
N/A for the extended period utilizing stochastic projections? (This illustration is
optional if the plan is not required to appoint a retiree representative under
§ 432(e)(9)(B)(v)(1).) See section 4.02(2) of this revenue procedure.
Yes 11. Does the application include a demonstration that the proposed
No suspension is not projected to materially exceed the level necessary to AIPT 010 - O11
N/A avoid insolvency, including: exuIBITa
. -year-by-plan-
the plan-year-by-plan-year projections demonstrating projected (arPT 097 - 113)

insolvency during the relevant period, and
* —aseparate identification of the available resources (and the
market value of assets and changes in cash flow) during each of
those years?
See section 4.03 of this revenue procedure.

39



Yes 12. Does the application include a demonstration that the proposed
No suspension is equitably distributed, including: AIPT 011
N/A ¢ — information on the effect of the suspension on the plan in the
aggregate, EXHIBIT 8.
e _ information on the effect of the suspension for different (AIPT 136)
categories or groups,
* alist of the factors taken into account,
« an explanation of why none of the factors listed in
§ 432(e)(9)(D)(vi) were taken into account (if applicable),
¢ — for each factor taken into account that is not one of the factors
listed in § 432(e)(9)(D)(vi), an explanation why the factor is
relevant, and
* an explanation of how any difference in treatment among
categories or groups of individuals results from a reasonable
application of the relevant factors?
See section 4.04 of this revenue procedure.
Yes 13. Does the application include a copy of the notices (excluding personally AIPT 011
No identifiable information) that meet the requirements under § 432(e)(9)(F)? | APPENDIX A
N/A See section 4.05(1) of this revenue procedure. (AIPT 473 - 505)
Yes 14. Does the application include a description of the efforts that are being IPT 011 - 012
No taken to contact participants, beneficiaries in pay status, and alternate
N/A payees? See section 4.05(2) of this revenue procedure.
Yes 15. Does the application describe the steps the plan sponsor has taken to
No ensure that notices delivered electronically are reasonably accessible to |A!PT 012
N/A the recipients? See section 4.05(3) of this revenue procedure.
Yes 16. Does the application include a list of each employer who has an obligation APT 012
No to contribute under the plan and each employee organization representing EXHIBITS
N/A participants under the plan? See section 4.05(4) of this revenue
procedure. (AIP 137)
Yes 17. Does the application include information on past and current measures AIPT 003 - 009
No taken to avoid insolvency? See section 5.01 of this revenue procedure. EXHIBIT 12
N/A (AIPT 158 - 161)
Yes 18. Does the application include information regarding the plan factors AIPT 009
No described in § 432(e)(9)(C)(ii), for the past 10 plan years immediately EXHIBIT 12
N/A preceding the plan year in which the application is submitted? See section (AIPT 158 - 161)
5.02 of this revenue procedure.
Yes 19. Does the application describe how the plan sponsor took into account — or ANPT.003 - 009
No did not take into account — the factors listed in section 5.02 of this revenue EXHIBIT 12
N/A procedure in the determination that all reasonable measures were taken to (alr 158 - 161)
avoid insolvency? See section 5.03 of this revenue procedure.
Yes 20. Does the application describe how the plan sponsor took into account - or |AIPT 003 - 009
No did not take into account - in the determination that all reasonable
N/A measures have been taken to avoid insolvency, the impact of: EXHIBIT 12
(AIPT 158 - 161)

« benefit and contribution levels on retaining active participants
and bargaining groups under the plan, and
« past and anticipated contribution increases under the plan on
employer attrition and retention levels?
See section 5.03 of this revenue procedure.

40