Notice of Plan Status

This document is about the notice provided by the I.B.E.W. Local 701 Electrical Workers General Pension Fund to its participants, beneficiaries, union, and contributing employers regarding the plan's status being in the "Yellow Zone" under the Pension Protection Act (PPA). It explains that the plan is considered to be in "endangered" status due to its funding ratio being less than 80%, and outlines the required Funding Improvement Plan (FIP) that the trustees have adopted to improve the plan's funded position over time. The document also mentions that the plan's financial condition will continue to be reviewed and certified annually, and any necessary changes will be communicated to the affected parties.