Notice of 2019 Plan Funding Status

This document is about the 2019 plan funding status of the National Automatic Sprinkler Industry Pension Plan. It informs participants, beneficiaries, employers, and unions that the plan remains in critical status and has adopted a rehabilitation plan as required by federal law. The document outlines the plan's current funding situation, restrictions on certain benefit payments, and the option to reduce or eliminate adjustable benefits as part of the rehabilitation plan. It also explains the employer surcharge requirement and the plan's future outlook, emphasizing that any further changes will be communicated to affected individuals and parties.