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    Boilermaker Blacksmith National Pension Trust

    The International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths, Forgers and Helpers is a trade unionin the United States and Canada. It is for boilermakers and related occupations, and is affiliated with the AFL-CIO.

    The Boilermakers union has a 4 year apprenticeship training program before becoming a Journeyman. Boilermakers primarily work in nuclear and fossil power plants. However they also work in refineries and chemical plants. The work involves welding, rigging and fabricating. All work done is governed by OSHA (Occupational Safety and Health Administration) or MSHA (Mine Safety and Health Administration).

    Determining the Health of Your Pension

    For the Boilermaker-Blacksmith National Pension Trust, we included the following factors:

    A
    		 % Change - Is your plan growing or shrinking?
    B
    		 % Active - How many members in your pension plan are active contributors?
    C
    		 Assets divided by Liability - Perhaps the single best indicator of your plan's health.
    D
    		 Has your plan been given a funding waiver?  Could be a Warning Sign.
    E
    		 How much of the value of your plan is coming in via contributions?
    F
    		 Expenses to Income ratio helps show how efficiently your plan is being managed.
    G
    		 The presence of related party transactions has been a warning sign in the past.
    H
    		 Potential red flag - minimum funding waiver used in the past
    I
    		 Potential red flag - Was the minimum fund contribution made?
    J
    		 Potential red flag - Has there been a change in the actuarial cost method?

    Pension Form 5500

    Data comes from the most recent Boilermaker-Blacksmith National Pension Trust Form 5500 (Year: 2005) found at www.freeERISA.com. If you have questions or concerns, the best person to ask is your Plan Administrator or your financial advisor.

     # of Participants 
    A
    B
    Beg.of Yr.
    End of Yr.
    % Change
    % Actives
    72,735
    71,925
    -1.1
    37.8%

    Actuarial Value of Assets
    Current Liability
    C
      D
    Assets/ Liability
    		 Funding Waiver?
    Yes
    No
    $ 6.6 B
    $ 9 B
    74%
    		  
    X

     Total Contribution
    E
     Total Income 
    Total Expenses
    F
    Contribution to Value %
    Expense to Income Ratio
    $ 191 M
    2.9%
     $  702 M
      $ 502 M 
    71.5%

    G
    H
    Related Party Trx?
    Min. Funding Waiver?
    Yes
    No
    Yes
    No
     
    X
    		  
    X

    I
    J
    > Min.Contribution?
    Change in Cost Method?
    Yes
    No
    Yes
    No
    X
    		    
    X

    Please let us know if you have any questions, if you find this guide useful, or if you have any suggestions to help improve it.

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