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    International Painters and Allied Trades Industry Pension Plan

    The International Union of Painters and Allied Trades (IUPAT) represents over 140,000 workers in the United States and Canada. Members work in the finishing trades as painters, drywall finishers, wallcoverers, glaziers, glass workers, floor covering installers, sign makers, display workers, convention and show decorators, and in many more exciting occupations.

    More than 7,000 employers in the United States and Canada participate in the IUPAT Industry Pension Fund. With assets in excess of $2.4 billion, the Pension Fund is managed by a joint board of trustees of contributing employers and labor representatives. The Pension Benefit Guarantee Corporation (PBGC) insures the benefits.

    Determining the Health of Your Pension

    For the International Painters and Allied Trades Industry Pension Plan, 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 International Painters and Allied Trades Industry Pension Plan 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
    76,998
    79,153
    2.8%
    55%

    Actuarial Value of Assets
    Current Liability
    C
      D
    Assets/ Liability
    		 Funding Waiver?
    Yes
    No
    $ 2.5 B
    $ 4.1 B
    63 %
    		  
    X

     Total Contribution
    E
     Total Income 
    Total Expenses
    F
    Contribution to Value %
    Expense to Income Ratio
    $ 182 M
    7.0%
     $  394 M
    $ 239 M 
    60.8%

    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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