Notice of Endangered Status for Teamsters Local Union No. 716 Pension Plan

This document is about the Notice of Endangered Status for the Teamsters Local Union No. 716 Pension Plan. It explains that the plan is considered to be in endangered status because its funded percentage is less than 80%, and that the plan is required to adopt a funding improvement plan to restore its financial health. The document outlines the funding improvement plan requirements, the potential need for future adjustments, and the plan's commitment to continued improvement to provide a reliable retirement benefit.