Notice of Plan Status

This document is about a notice from the Boilermaker-Blacksmith National Pension Trust regarding the plan's status. It states that the plan has been classified as being in the "Yellow Zone" or "endangered" status under the Pension Protection Act, and as a result, the trustees have adopted a Funding Improvement Plan (the "FIP") that will improve the Plan's funded position over time, effective January 1, 2023. The notice also explains the employer surcharge requirement and provides information on what plan participants can expect going forward.