Annual Return/Report of Employee Benefit Plan

Transcription

1 Form 5500 Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation Part I Annual Return/Report of Employee Benefit Plan This form is required to be filed for employee benefit plans under sections 104 and 4065 of the Employee Retirement Income Security Act of 1974 (ERISA) and sections 6047(e), 6057(b), and 6058(a) of the Internal Revenue Code (the Code). Complete all entries in accordance with the instructions to the Form Annual Report Identification Information For calendar plan year 2015 or fiscal plan year beginning 07/01/2015 A X a multiemployer plan; This return/report is for: X a single-employer plan; X a DFE (specify) _C_ OMB Nos This Form is Open to Public Inspection and ending 06/30/2016 X a multiple-employer plan (Filers checking this box must attach a list of participating employer information in accordance with the form instructions); or B This return/report is: X the first return/report; X the final return/report; X an amended return/report; X a short plan year return/report (less than 12 months). C If the plan is a collectively-bargained plan, check here X D Check box if filing under: X Form 5558; X automatic extension; X the DFVC program; X special extension (enter description) ABCDE Part II Basic Plan Information enter all requested information 1a Name of plan HOD CARRIERS LOCAL 166 PENSION TRUST FUND 2a Plan sponsor s name (employer, if for a single-employer plan) Mailing address (include room, apt., suite no. and street, or P.O. Box) City or town, state or province, country, and ZIP or foreign postal code (if foreign, see instructions) BOARD OF TRUSTEES HOD CARRIERS LOCAL 166 PENSION PLAN D/B/A 220 c/o CAMPUS DRIVE FAIRFEILD, CA ABCDE ABCDE CITYEFGHI AB, ST UK Caution: A penalty for the late or incomplete filing of this return/report will be assessed unless reasonable cause is established. 1b Three-digit plan number (PN) 001 1c Effective date of plan YYYY-MM-DD 06/30/1967 2b Employer Identification Number (EIN) c Plan Sponsor s telephone number d Business code (see instructions) Under penalties of perjury and other penalties set forth in the instructions, I declare that I have examined this return/report, including accompanying schedules, statements and attachments, as well as the electronic version of this return/report, and to the best of my knowledge and belief, it is true, correct, and complete. SIGN HERE Filed with authorized/valid electronic signature. YYYY-MM-DD 03/20/2017 OSCAR LA TORRE ABCDE Signature of plan administrator Date Enter name of individual signing as plan administrator SIGN HERE YYYY-MM-DD ABCDE Signature of employer/plan sponsor Date Enter name of individual signing as employer or plan sponsor SIGN HERE YYYY-MM-DD ABCDE Signature of DFE Date Enter name of individual signing as DFE Preparer s telephone number Preparer s name (including firm name, if applicable) and address (include room or suite number) For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form Form 5500 (2015) v

2 Form 5500 (2015) Page 2 3a Plan administrator s name and address XSame X as Plan Sponsor c/o ABCDE ABCDE CITYEFGHI AB, ST UK 4 If the name and/or EIN of the plan sponsor has changed since the last return/report filed for this plan, enter the name, EIN and the plan number from the last return/report: a Sponsor s name 3b Administrator s EIN c Administrator s telephone number b EIN c PN Total number of participants at the beginning of the plan year Number of participants as of the end of the plan year unless otherwise stated (welfare plans complete only lines 6a(1), 6a(2), 6b, 6c, and 6d). a(1) Total number of active participants at the beginning of the plan year... 6a(1) a(2) Total number of active participants at the end of the plan year... 6a(2) b Retired or separated participants receiving benefits... 6b c Other retired or separated participants entitled to future benefits... 6c d Subtotal. Add lines 6a(2), 6b, and 6c.... 6d e Deceased participants whose beneficiaries are receiving or are entitled to receive benefits.... 6e f Total. Add lines 6d and 6e.... 6f g Number of participants with account balances as of the end of the plan year (only defined contribution plans complete this item)... 6g h Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested... 6h Enter the total number of employers obligated to contribute to the plan (only multiemployer plans complete this item) a If the plan provides pension benefits, enter the applicable pension feature codes from the List of Plan Characteristics Codes in the instructions: 1B b If the plan provides welfare benefits, enter the applicable welfare feature codes from the List of Plan Characteristics Codes in the instructions: 9a Plan funding arrangement (check all that apply) 9b Plan benefit arrangement (check all that apply) (1) X Insurance (1) X Insurance (2) X Code section 412(e)(3) insurance contracts (2) X Code section 412(e)(3) insurance contracts X (3) X Trust (3) X Trust (4) X General assets of the sponsor (4) X General assets of the sponsor 10 Check all applicable boxes in 10a and 10b to indicate which schedules are attached, and, where indicated, enter the number attached. (See instructions) X a Pension Schedules (1) X R (Retirement Plan Information) (2) X MB (Multiemployer Defined Benefit Plan and Certain Money Purchase Plan Actuarial Information) - signed by the plan actuary (3) X SB (Single-Employer Defined Benefit Plan Actuarial Information) - signed by the plan actuary b General Schedules (1) X H (Financial Information) (2) X I (Financial Information Small Plan) (3) X A (Insurance Information) (4) X C (Service Provider Information) (5) X D (DFE/Participating Plan Information) (6) X G (Financial Transaction Schedules)

3 Part III Form 5500 (2015) Page 3 Form M-1 Compliance Information (to be completed by welfare benefit plans) 11a If the plan provides welfare benefits, was the plan subject to the Form M-1 filing requirements during the plan year? (See instructions and 29 CFR ) X Yes X No If Yes is checked, complete lines 11b and 11c. 11b Is the plan currently in compliance with the Form M-1 filing requirements? (See instructions and 29 CFR )... X Yes 11c Enter the Receipt Confirmation Code for the 2015 Form M-1 annual report. If the plan was not required to file the 2015 Form M-1 annual report, enter the Receipt Confirmation Code for the most recent Form M-1 that was required to be filed under the Form M-1 filing requirements. (Failure to enter a valid Receipt Confirmation Code will subject the Form 5500 filing to rejection as incomplete.) Receipt Confirmation Code X No

4 SCHEDULE MB (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation For calendar plan year 2015 or fiscal plan year beginning Round off amounts to nearest dollar. Multiemployer Defined Benefit Plan and Certain Money Purchase Plan Actuarial Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA) and section 6059 of the Internal Revenue Code (the Code). File as an attachment to Form 5500 or 5500-SF. 07/01/2015 and ending Caution: A penalty of $1,000 will be assessed for late filing of this report unless reasonable cause is established. A Name of plan B Three-digit HOD CARRIERS LOCAL 166 PENSION TRUST FUND C Plan sponsor s name as shown on line 2a of Form 5500 or 5500-SF BOARD OF TRUSTEES HOD CARRIERS LOCAL 166 PENSION PLAN E Type of plan: (1) X Multiemployer Defined Benefit (2) X Money Purchase (see instructions) D OMB No This Form is Open to Public Inspection plan number (PN) Employer Identification Number (EIN) a Enter the valuation date: Month 07 Day 01 Year 2015 b Assets (1) Current value of assets... 1b(1) (2) Actuarial value of assets for funding standard account... 1b(2) c (1) Accrued liability for plan using immediate gain methods... 1c(1) (2) Information for plans using spread gain methods: (a) Unfunded liability for methods with bases... 1c(2)(a) (b) Accrued liability under entry age normal method... 1c(2)(b) (c) Normal cost under entry age normal method... 1c(2)(c) (3) Accrued liability under unit credit cost method... 1c(3) d Information on current liabilities of the plan: (1) Amount excluded from current liability attributable to pre-participation service (see instructions)... 1d(1) (2) RPA 94 information: (a) Current liability... 1d(2)(a) (b) Expected increase in current liability due to benefits accruing during the plan year... 1d(2)(b) (c) Expected release from RPA 94 current liability for the plan year... 1d(2)(c) (3) Expected plan disbursements for the plan year... 1d(3) Statement by Enrolled Actuary To the best of my knowledge, the information supplied in this schedule and accompanying schedules, statements and attachments, if any, is complete and accurate. Each prescribed assumption was applied in accordance with applicable law and regulations. In my opinion, each other assumption is reasonable (taking into account the experience of the plan and reasonable expectations) and such other assumptions, in combination, offer my best estimate of anticipated experience under the plan. SIGN HERE NANCY TEAGUE LEE VENUTI & ASSOCIATES Signature of actuary Type or print name of actuary Firm name 5050 EL CAMINO REAL, SUITE 206, LOS ALTOS, CA Address of the firm 06/30/ /13/2017 Date Most recent enrollment number Telephone number (including area code) If the actuary has not fully reflected any regulation or ruling promulgated under the statute in completing this schedule, check the box and see instructions For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500 or Form 5500-SF. Schedule MB (Form 5500) 2015 v X

5 Schedule MB (Form 5500) 2015 Page 2-1 x 2 Operational information as of beginning of this plan year: a Current value of assets (see instructions)... 2a b RPA 94 current liability/participant count breakdown: (1) Number of participants (2) Current liability (1) For retired participants and beneficiaries receiving payment (2) For terminated vested participants (3) For active participants: (a) Non-vested benefits (b) Vested benefits (c) Total active (4) Total c If the percentage resulting from dividing line 2a by line 2b(4), column (2), is less than 70%, enter such percentage... 3 Contributions made to the plan for the plan year by employer(s) and employees: (a) Date (MM-DD-YYYY) 01/01/2016 (b) Amount paid by employer(s) (c) Amount paid by employees 1 (a) Date (MM-DD-YYYY) 2c (b) Amount paid by employer(s) % (c) Amount paid by employees Totals 3(b) (c) 4 Information on plan status: a Funded percentage for monitoring plan s status (line 1b(2) divided by line 1c(3))... 4a 93.3% b Enter code to indicate plan s status (see instructions for attachment of supporting evidence of plan s status). If code is N, go to line b N c Is the plan making the scheduled progress under any applicable funding improvement or rehabilitation plan?... X Yes X No d If the plan is in critical status or critical and declining status, were any benefits reduced (see instructions)?... X Yes X No e If line d is Yes, enter the reduction in liability resulting from the reduction in benefits (see instructions), measured as of the valuation date... 4e f If the rehabilitation plan projects emergence from critical status or critical and declining status, enter the plan year in which it is projected to emerge. If the rehabilitation plan is based on forestalling possible insolvency, enter the plan year in which insolvency is expected and check here... 4f 5 Actuarial cost method used as the basis for this plan year s funding standard account computations (check all that apply): a X Attained age normal b X Entry age normal c X Accrued benefit (unit credit) d X Aggregate e X Frozen initial liability f X Individual level premium g X Individual aggregate h X Shortfall i X Reorganization j X Other (specify): AB C DE k If box h is checked, enter period of use of shortfall method... 5k YYYY-MM-DD l Has a change been made in funding method for this plan year?... X Yes X No m If line l is Yes, was the change made pursuant to Revenue Procedure or other automatic approval?... X Yes X No n If line l is Yes, and line m is No, enter the date (MM-DD-YYYY) of the ruling letter (individual or class) approving the change in funding method... 6 Checklist of certain actuarial assumptions: 5n YYYY-MM-DD a Interest rate for RPA 94 current liability.... 6a % 3.34 Pre-retirement Post-retirement b Rates specified in insurance or annuity contracts... X Yes X No X N/A X Yes X No X N/A c Mortality table code for valuation purposes:

6 Schedule MB (Form 5500) 2015 Page 3-1 x 1 (1) Males... 6c(1) 6 6 (2) Females... 6c(2) 6 6 d Valuation liability interest rate... 6d % % 6.00 e Expense loading... 6e % X N/A % X N/A f Salary scale... 6f % X N/A g Estimated investment return on actuarial value of assets for year ending on the valuation date... 6g % 6.7 h Estimated investment return on current value of assets for year ending on the valuation date... 6h % New amortization bases established in the current plan year: (1) Type of base (2) Initial balance (3) Amortization Charge/Credit 8 Miscellaneous information: A A A a If a waiver of a funding deficiency has been approved for this plan year, enter the date (MM-DD-YYYY) of the 8a ruling letter granting the approval... b(1) Is the plan required to provide a projection of expected benefit payments? (See the instructions.) If Yes, attach a schedule... b(2) Is the plan required to provide a Schedule of Active Participant Data? (See the instructions.) If Yes, attach a schedule. c Are any of the plan s amortization bases operating under an extension of time under section 412(e) (as in effect prior to 2008) or section 431(d) of the Code?.... d If line c is Yes, provide the following additional information: YYYY-MM-DD X Yes X No X Yes X No X Yes X No (1) Was an extension granted automatic approval under section 431(d)(1) of the Code?... X Yes X No (2) If line 8d(1) is Yes, enter the number of years by which the amortization period was extended... 8d(2) 125 (3) Was an extension approved by the Internal Revenue Service under section 412(e) (as in effect prior to 2008) or 431(d)(2) of the Code?... X Yes X No (4) If line 8d(3) is Yes, enter number of years by which the amortization period was extended (not including the number of years in line (2))... 8d(4) 12 (5) If line 8d(3) is Yes, enter the date of the ruling letter approving the extension... 8d(5) YYYY-MM-DD (6) If line 8d(3) is Yes, is the amortization base eligible for amortization using interest rates applicable under section X Yes X No 6621(b) of the Code for years beginning after 2007?... e If box 5h is checked or line 8c is Yes, enter the difference between the minimum required contribution for the year and the minimum that would have been required without using the shortfall method or extending the 8e amortization base(s) Funding standard account statement for this plan year: Charges to funding standard account: a Prior year funding deficiency, if any... 9a b Employer s normal cost for plan year as of valuation date... 9b c Amortization charges as of valuation date: (1) All bases except funding waivers and certain bases for which the amortization period has been extended... Outstanding balance 9c(1) (2) Funding waivers... 9c(2) (3) Certain bases for which the amortization period has been extended... 9c(3) d Interest as applicable on lines 9a, 9b, and 9c... 9d e Total charges. Add lines 9a through 9d... 9e Credits to funding standard account: f Prior year credit balance, if any... 9f g Employer contributions. Total from column (b) of line g Outstanding balance h Amortization credits as of valuation date... 9h i Interest as applicable to end of plan year on lines 9f, 9g, and 9h... 9i

7 Schedule MB (Form 5500) 2015 Page 4 j Full funding limitation (FFL) and credits: (1) ERISA FFL (accrued liability FFL)... 9j(1) (2) RPA 94 override (90% current liability FFL)... 9j(2) (3) FFL credit... 9j(3) k (1) Waived funding deficiency... 9k(1) (2) Other credits... 9k(2) l Total credits. Add lines 9f through 9i, 9j(3), 9k(1), and 9k(2)... 9l m Credit balance: If line 9l is greater than line 9e, enter the difference... 9m n Funding deficiency: If line 9e is greater than line 9l, enter the difference... 9n o Current year s accumulated reconciliation account: (1) Due to waived funding deficiency accumulated prior to the 2015 plan year... 9o(1) (2) Due to amortization bases extended and amortized using the interest rate under section 6621(b) of the Code: (a) Reconciliation outstanding balance as of valuation date... 9o(2)(a) (b) Reconciliation amount (line 9c(3) balance minus line 9o(2)(a))... 9o(2)(b) (3) Total as of valuation date... 9o(3) Contribution necessary to avoid an accumulated funding deficiency. (See instructions.) Has a change been made in the actuarial assumptions for the current plan year? If Yes, see instructions.... X Yes X No

8 Schedule C (Form 5500) 2011 Page 1 SCHEDULE C (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation For calendar plan year 2015 or fiscal plan year beginning A Name of plan HOD CARRIERS LOCAL 166 PENSION TRUST FUND Service Provider Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA). File as an attachment to Form /01/2015 and ending B Three-digit 06/30/2016 plan number (PN) 001 OMB No This Form is Open to Public Inspection. 001 C Plan sponsor s name as shown on line 2a of Form 5500 BOARD OF TRUSTEES HOD CARRIERS LOCAL 166 PENSION PLAN D Employer Identification Number (EIN) Part I Service Provider Information (see instructions) You must complete this Part, in accordance with the instructions, to report the information required for each person who received, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of monetary value) in connection with services rendered to the plan or the person's position with the plan during the plan year. If a person received only eligible indirect compensation for which the plan received the required disclosures, you are required to answer line 1 but are not required to include that person when completing the remainder of this Part. 1 Information on Persons Receiving Only Eligible Indirect Compensation a Check "Yes" or "No" to indicate whether you are excluding a person from the remainder of this Part because they received only eligible indirect compensation for which the plan received the required disclosures (see instructions for definitions and conditions) X Yes X No b If you answered line 1a Yes, enter the name and EIN or address of each person providing the required disclosures for the service providers who received only eligible indirect compensation. Complete as many entries as needed (see instructions). (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation CORNERSTONE REAL ESTATE ADVISORS DODGE & COX (b) Enter name and EIN or address of person who provided you disclosure on eligible indirect compensation THE VANGUARD GROUP INC. (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500 Schedule C (Form 5500) 2015 v

9 Schedule C (Form 5500) 2015 Page 2-1 x 1 (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

10 Schedule C (Form 5500) 2015 Page 3-1 x 1 2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you answered Yes to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions). ATPA (a) Enter name and EIN or address (see instructions) (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter NONE ABCD Yes X No X Yes X No X Yes X No X (a) Enter name and EIN or address (see instructions) VENUTI & ASSOCIATES (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest NONE ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? Yes X No X Yes X No X (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter Yes X No X (a) Enter name and EIN or address (see instructions) ALAN D. BILLER & ASSOCIATES (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest NONE ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter Yes X No X Yes X No X Yes X No X

11 Schedule C (Form 5500) 2015 Page 3-1 x 2 2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you answered Yes to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions). HEMMING MORSE (a) Enter name and EIN or address (see instructions) (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter NONE ABCD Yes X No X Yes X No X Yes X No X (a) Enter name and EIN or address (see instructions) U.S. BANK NATIONAL ASSOCIATION (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest NONE ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? Yes X No X Yes X No X (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter Yes X No X (a) Enter name and EIN or address (see instructions) INVESCO NATIONAL TRUST CO (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest NONE ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter Yes X No X Yes X No X Yes X No X

12 Schedule C (Form 5500) 2015 Page 3-1 x 3 2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you answered Yes to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions). NEYHART ANERSON FLYNN & GROSBOLL (a) Enter name and EIN or address (see instructions) (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. NONE ABCD Yes X No X Yes X No X Yes X No X (a) Enter name and EIN or address (see instructions) (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? Yes X No X Yes X No X (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter Yes X No X (a) Enter name and EIN or address (see instructions) (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter Yes X No X Yes X No X Yes X No X

13 Schedule C (Form 5500) 2015 Page 4-1 x 1 Part I Service Provider Information (continued) 3 If you reported on line 2 receipt of indirect compensation, other than eligible indirect compensation, by a service provider, and the service provider is a fiduciary or provides contract administrator, consulting, custodial, investment advisory, investment management, broker, or recordkeeping services, answer the following questions for (a) each source from whom the service provider received $1,000 or more in indirect compensation and (b) each source for whom the service provider gave you a formula used to determine the indirect compensation instead of an amount or estimated amount of the indirect compensation. Complete as many entries as needed to report the required information for each source. (a) Enter service provider name as it appears on line 2 (b) Service Codes (see instructions) (c) Enter amount of indirect compensation (d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any formula used to determine the service provider s eligibility for or the amount of the indirect compensation. (a) Enter service provider name as it appears on line 2 (b) Service Codes (see instructions) (c) Enter amount of indirect compensation (d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any formula used to determine the service provider s eligibility for or the amount of the indirect compensation. (a) Enter service provider name as it appears on line 2 (b) Service Codes (see instructions) (c) Enter amount of indirect compensation (d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any formula used to determine the service provider s eligibility for or the amount of the indirect compensation.

14 Schedule C (Form 5500) 2015 Page 5-1 x 1 Part II Service Providers Who Fail or Refuse to Provide Information 4 Provide, to the extent possible, the following information for each service provider who failed or refused to provide the information necessary to complete this Schedule. (a) Enter name and EIN or address of service provider (see instructions) (b) Nature of Service Code(s) 1676 N. CALIFORNIA ABCD BLVD., STE P120 ABCD WALNUT CREEK, CA ABCD ABCD ABCD WESTAMERICA BANK (c) Describe the information that the service provider failed or refused to provide ABCDE COMPENSATION QUESTIONNAIRE ABCDE ABCDE ABCDE ABCDE ABCDE SERVICE PROVIDER FAILED TO RESPOND TO INDIRECT (a) Enter name and EIN or address of service provider (see instructions) (b) Nature of Service Code(s) NEWPORT CENTER ABCD DRIVE NEWPORT, CA ABCD ABCD ABCD ABCD PIMCO (a) Enter name and EIN or address of service provider (see instructions) (b) Nature of Service Code(s) ABCD ABCD 13 ABCD ABCD ABCD (a) Enter name and EIN or address of service provider (see instructions) (b) Nature of Service Code(s) ABCD ABCD 13 ABCD ABCD ABCD (a) Enter name and EIN or address of service provider (see instructions) (b) Nature of Service Code(s) ABCD ABCD 13 ABCD ABCD ABCD (c) Describe the information that the service provider failed or refused to provide ABCDE COMPENSATION QUESTIONNAIRE ABCDE ABCDE ABCDE ABCDE ABCDE SERVICE PROVIDER FAILED TO RESPOND TO INDIRECT (c) Describe the information that the service provider failed or refused to provide ABCDE ABCDE ABCDE ABCDE ABCDE ABCDE (c) Describe the information that the service provider failed or refused to provide ABCDE ABCDE ABCDE ABCDE ABCDE ABCDE (c) Describe the information that the service provider failed or refused to provide ABCDE ABCDE ABCDE ABCDE ABCDE ABCDE (a) Enter name and EIN or address of service provider (see instructions) (b) Nature of Service Code(s) (c) Describe the information that the service provider failed or refused to provide ABCD ABCD ABCD ABCD

15 Schedule C (Form 5500) 2015 Page 6-1 x 1 Part III Termination Information on Accountants and Enrolled Actuaries (see instructions) (complete as many entries as needed) a Name: BONG HILLBERG LEWIS FISCHESSER LLP ABCD b EIN: c Position: AUDITOR ABCD d Address: 205 LENNON LANE, SUITE 210 ABCD WALNUT CREEK, CA ABCD ABCD ABCD e Telephone: Explanation: CONTRACT WAS NOT RENEWED a Name: ABCD b EIN: c Position: ABCD d Address: ABCD ABCD ABCD ABCD e Telephone: Explanation: a Name: ABCD b EIN: c Position: ABCD d Address: ABCD ABCD ABCD ABCD e Telephone: Explanation: a Name: ABCD b EIN: c Position: ABCD d Address: ABCD ABCD ABCD ABCD e Telephone: Explanation: a Name: ABCD b EIN: c Position: ABCD d Address: ABCD ABCD ABCD ABCD e Telephone: Explanation:

16 SCHEDULE D (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration For calendar plan year 2015 or fiscal plan year beginning A Name of plan HOD CARRIERS LOCAL 166 PENSION TRUST FUND DFE/Participating Plan Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA). File as an attachment to Form and ending OMB No This Form is Open to Public Inspection. B Three-digit plan number (PN) C Plan or DFE sponsor s name as shown on line 2a of Form 5500 BOARD OF TRUSTEES HOD CARRIERS LOCAL 166 PENSION PLAN D Employer Identification Number (EIN) Part I Information on interests in MTIAs, CCTs, PSAs, and IEs (to be completed by plans and DFEs) (Complete as many entries as needed to report all interests in DFEs) a Name of MTIA, CCT, PSA, or IE: INVESCO BALANCED-RISK ALLOCATION TR ABCD b Name of sponsor of entity listed in (a): INVESCO TRUST COMPANY c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN d Entity C code 1 d Entity C code 1 07/01/ /30/2016 e Dollar value of interest in MTIA, CCT, PSA, or IE at end of year (see instructions) ABCD MULTI-EMPLOYER PROPERTY TRUST NEWTOWER TRUST COMPANY e Dollar value of interest in MTIA, CCT, PSA, or IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form Schedule D (Form 5500) 2015 v

17 Schedule D (Form 5500) 2015 Page 2-11 x a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN a Name of MTIA, CCT, PSA, or IE: b Name of sponsor of entity listed in (a): c EIN-PN ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions) ABCD d Entity e Dollar value of interest in MTIA, CCT, PSA, or code IE at end of year (see instructions)

18 6 Part II a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor Schedule D (Form 5500) 2015 Page 3-1 x Information on Participating Plans (to be completed by DFEs) (Complete as many entries as needed to report all participating plans) c EIN-PN c EIN-PN c EIN-PN c EIN-PN c EIN-PN c EIN-PN c EIN-PN c EIN-PN c EIN-PN c EIN-PN c EIN-PN c EIN-PN

19 SCHEDULE H (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation For calendar plan year 2015 or fiscal plan year beginning A Name of plan HOD CARRIERS LOCAL 166 PENSION TRUST FUND Financial Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA), and section 6058(a) of the Internal Revenue Code (the Code). File as an attachment to Form C Plan sponsor s name as shown on line 2a of Form 5500 BOARD OF TRUSTEES HOD CARRIERS LOCAL 166 PENSION PLAN Part I Asset and Liability Statement and ending B D OMB No This Form is Open to Public Inspection 06/30/2016 Three-digit plan number (PN) Employer Identification Number (EIN) Current value of plan assets and liabilities at the beginning and end of the plan year. Combine the value of plan assets held in more than one trust. Report the value of the plan s interest in a commingled fund containing the assets of more than one plan on a line-by-line basis unless the value is reportable on lines 1c(9) through 1c(14). Do not enter the value of that portion of an insurance contract which guarantees, during this plan year, to pay a specific dollar benefit at a future date. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and IEs do not complete lines 1b(1), 1b(2), 1c(8), 1g, 1h, and 1i. CCTs, PSAs, and IEs also do not complete lines 1d and 1e. See instructions. Assets (a) Beginning of Year (b) End of Year a Total noninterest-bearing cash... 1a b Receivables (less allowance for doubtful accounts): (1) Employer contributions... 1b(1) (2) Participant contributions... 1b(2) (3) Other... 1b(3) c General investments: (1) Interest-bearing cash (include money market accounts & certificates of deposit)... 1c(1) (2) U.S. Government securities... 1c(2) (3) Corporate debt instruments (other than employer securities): (A) Preferred... 1c(3)(A) (B) All other... 1c(3)(B) (4) Corporate stocks (other than employer securities): 07/01/2015 (A) Preferred... 1c(4)(A) (B) Common... 1c(4)(B) (5) Partnership/joint venture interests... 1c(5) (6) Real estate (other than employer real property)... 1c(6) (7) Loans (other than to participants)... 1c(7) (8) Participant loans... 1c(8) (9) Value of interest in common/collective trusts... 1c(9) (10) Value of interest in pooled separate accounts... 1c(10) (11) Value of interest in master trust investment accounts... 1c(11) (12) Value of interest in investment entities... 1c(12) (13) Value of interest in registered investment companies (e.g., mutual funds)... (14) Value of funds held in insurance company general account (unallocated contracts) c(13) c(14) (15) Other... 1c(15) For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500 Schedule H (Form 5500) 2015 v

20 Schedule H (Form 5500) 2015 Page 2 1d Employer-related investments: (a) Beginning of Year (b) End of Year (1) Employer securities... 1d(1) (2) Employer real property... 1d(2) e Buildings and other property used in plan operation... 1e f Total assets (add all amounts in lines 1a through 1e)... 1f Liabilities 1g Benefit claims payable... 1g h Operating payables... 1h i Acquisition indebtedness... 1i j Other liabilities... 1j k Total liabilities (add all amounts in lines 1g through1j)... 1k Net Assets 1l Net assets (subtract line 1k from line 1f)... 1l Part II Income and Expense Statement 2 Plan income, expenses, and changes in net assets for the year. Include all income and expenses of the plan, including any trust(s) or separately maintained fund(s) and any payments/receipts to/from insurance carriers. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and IEs do not complete lines 2a, 2b(1)(E), 2e, 2f, and 2g. Income (a) Amount (b) Total a Contributions: b (1) Received or receivable in cash from: (A) Employers... 2a(1)(A) (B) Participants... 2a(1)(B) (C) Others (including rollovers)... 2a(1)(C) (2) Noncash contributions... 2a(2) (3) Total contributions. Add lines 2a(1)(A), (B), (C), and line 2a(2)... 2a(3) Earnings on investments: (1) Interest: (A) Interest-bearing cash (including money market accounts and certificates of deposit)... 2b(1)(A) (B) U.S. Government securities... 2b(1)(B) (C) Corporate debt instruments... 2b(1)(C) (D) Loans (other than to participants)... 2b(1)(D) (E) Participant loans... 2b(1)(E) (F) Other... 2b(1)(F) (G) Total interest. Add lines 2b(1)(A) through (F)... 2b(1)(G) (2) Dividends: (A) Preferred stock... 2b(2)(A) (B) Common stock... 2b(2)(B) (C) Registered investment company shares (e.g. mutual funds)... 2b(2)(C) (D) Total dividends. Add lines 2b(2)(A), (B), and (C) 2b(2)(D) (3) Rents... 2b(3) (4) Net gain (loss) on sale of assets: (A) Aggregate proceeds... 2b(4)(A) (B) Aggregate carrying amount (see instructions)... 2b(4)(B) (C) Subtract line 2b(4)(B) from line 2b(4)(A) and enter result... 2b(4)(C) (5) Unrealized appreciation (depreciation) of assets: (A) Real estate... 2b(5)(A) (B) Other... 2b(5)(B) (C) Total unrealized appreciation of assets. Add lines 2b(5)(A) and (B)... 2b(5)(C)

21 Schedule H (Form 5500) 2015 Page 3 (a) Amount (b) Total (6) Net investment gain (loss) from common/collective trusts... 2b(6) (7) Net investment gain (loss) from pooled separate accounts... 2b(7) (8) Net investment gain (loss) from master trust investment accounts... 2b(8) (9) Net investment gain (loss) from investment entities... 2b(9) (10) Net investment gain (loss) from registered investment companies (e.g., mutual funds)... 2b(10) c Other income... 2c d Total income. Add all income amounts in column (b) and enter total... 2d Expenses e Benefit payment and payments to provide benefits: (1) Directly to participants or beneficiaries, including direct rollovers... 2e(1) (2) To insurance carriers for the provision of benefits... 2e(2) (3) Other... 2e(3) (4) Total benefit payments. Add lines 2e(1) through (3)... 2e(4) f Corrective distributions (see instructions)... 2f g Certain deemed distributions of participant loans (see instructions)... 2g h Interest expense... 2h i Administrative expenses: (1) Professional fees... 2i(1) (2) Contract administrator fees... 2i(2) (3) Investment advisory and management fees... 2i(3) (4) Other... 2i(4) (5) Total administrative expenses. Add lines 2i(1) through (4)... 2i(5) j Total expenses. Add all expense amounts in column (b) and enter total... 2j Net Income and Reconciliation k Net income (loss). Subtract line 2j from line 2d... 2k l Transfers of assets: (1) To this plan... 2l(1) (2) From this plan... 2l(2) Part III Accountant s Opinion 3 Complete lines 3a through 3c if the opinion of an independent qualified public accountant is attached to this Form Complete line 3d if an opinion is not attached. a The attached opinion of an independent qualified public accountant for this plan is (see instructions): (1) X Unqualified (2) X Qualified (3) X Disclaimer (4) X Adverse b Did the accountant perform a limited scope audit pursuant to 29 CFR and/or (d)? X Yes X No c Enter the name and EIN of the accountant (or accounting firm) below: (1) Name: HEMMING MORSE CPAS AND CONSULTANTS ABCD (2) EIN: d The opinion of an independent qualified public accountant is not attached because: (1) X This form is filed for a CCT, PSA, or MTIA. (2) X It will be attached to the next Form 5500 pursuant to 29 CFR Part IV Compliance Questions 4 CCTs and PSAs do not complete Part IV. MTIAs, IEs, and GIAs do not complete lines 4a, 4e, 4f, 4g, 4h, 4k, 4m, 4n, or IEs also do not complete lines 4j and 4l. MTIAs also do not complete line 4l. a b X During the plan year: Yes No N/A Amount Was there a failure to transmit to the plan any participant contributions within the time period described in 29 CFR ? Continue to answer Yes for any prior year failures until fully corrected. (See instructions and DOL s Voluntary Fiduciary Correction Program.)... 4a X Were any loans by the plan or fixed income obligations due the plan in default as of the close of the plan year or classified during the year as uncollectible? Disregard participant loans secured by participant s account balance. (Attach Schedule G (Form 5500) Part I if Yes is checked.)... 4b X

22 Schedule H (Form 5500) 2015 Page 4-1X c d Yes No N/A Amount Were any leases to which the plan was a party in default or classified during the year as uncollectible? (Attach Schedule G (Form 5500) Part II if Yes is checked.)... 4c X Were there any nonexempt transactions with any party-in-interest? (Do not include transactions reported on line 4a. Attach Schedule G (Form 5500) Part III if Yes is checked.)... 4d X e Was this plan covered by a fidelity bond?... 4e X f Did the plan have a loss, whether or not reimbursed by the plan s fidelity bond, that was g h i j k caused by fraud or dishonesty?... 4f X Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser?... 4g X Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser?... Did the plan have assets held for investment? (Attach schedule(s) of assets if Yes is checked, and see instructions for format requirements.)... Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? (Attach schedule of transactions if Yes is checked, and see instructions for format requirements.)... Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC?... 4k 4h X l Has the plan failed to provide any benefit when due under the plan?... 4l X m If this is an individual account plan, was there a blackout period? (See instructions and 29 CFR )... 4m n If 4m was answered Yes, check the Yes box if you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR n o Did the plan trust incur unrelated business taxable income? 4o p Were in-service distributions made during the plan year?.. 4p 5a Has a resolution to terminate the plan been adopted during the plan year or any prior plan year? If Yes, enter the amount of any plan assets that reverted to the employer this year... X Yes X No 4i 4j X X X X X Amount:-123 5b If, during this plan year, any assets or liabilities were transferred from this plan to another plan(s), identify the plan(s) to which assets or liabilities were transferred. (See instructions.) 5b(1) Name of plan(s) 5b(2) EIN(s) 5b(3) PN(s) c If the plan is a defined benefit plan, is it covered under the PBGC insurance program (see ERISA section 4021)?... X Yes X No Part V Trust Information 6a Name of trust X 6b Trust s EIN X Not determined 6c Name of trustee or custodian 6d Trustee s or custodian s telephone number

23 SCHEDULE R (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation For calendar plan year 2015 or fiscal plan year beginning A Name of plan HOD CARRIERS LOCAL 166 PENSION TRUST FUND Retirement Plan Information This schedule is required to be filed under section 104 and 4065 of the Employee Retirement Income Security Act of 1974 (ERISA) and section 6058(a) of the Internal Revenue Code (the Code). File as an attachment to Form C Plan sponsor s name as shown on line 2a of Form 5500 BOARD OF TRUSTEES HOD CARRIERS LOCAL 166 PENSION PLAN Part I Distributions All references to distributions relate only to payments of benefits during the plan year. and ending 1 Total value of distributions paid in property other than in cash or the forms of property specified in the instructions... B D Three-digit plan number OMB No This Form is Open to Public Inspection. (PN) Employer Identification Number (EIN) Enter the EIN(s) of payor(s) who paid benefits on behalf of the plan to participants or beneficiaries during the year (if more than two, enter EINs of the two payors who paid the greatest dollar amounts of benefits): Part II Funding Information (If the plan is not subject to the minimum funding requirements of section of 412 of the Internal Revenue Code or ERISA section 302, skip this Part) 4 Is the plan administrator making an election under Code section 412(d)(2) or ERISA section 302(d)(2)?... X Yes X No X N/A 5 If a waiver of the minimum funding standard for a prior year is being amortized in this plan year, see instructions and enter the date of the ruling letter granting the waiver. Date: Month Day Year If you completed line 5, complete lines 3, 9, and 10 of Schedule MB and do not complete the remainder of this schedule. If you completed line 6c, skip lines 8 and 9. 7 Will the minimum funding amount reported on line 6c be met by the funding deadline?... X Yes X No X N/A 8 If a change in actuarial cost method was made for this plan year pursuant to a revenue procedure or other authority providing automatic approval for the change or a class ruling letter, does the plan sponsor or plan administrator agree with the change?... X Yes X No X N/A Part III EIN(s): Profit-sharing plans, ESOPs, and stock bonus plans, skip line 3. 3 Number of participants (living or deceased) whose benefits were distributed in a single sum, during the plan year... If the plan is a defined benefit plan, go to line 8. 6 a Enter the minimum required contribution for this plan year (include any prior year accumulated funding deficiency not waived)... Amendments 9 If this is a defined benefit pension plan, were any amendments adopted during this plan year that increased or decreased the value of benefits? If yes, check the appropriate box. If no, check the No box.... X Increase X Decrease X Both X No Part IV ESOPs (see instructions). If this is not a plan described under Section 409(a) or 4975(e)(7) of the Internal Revenue Code, skip this Part. 10 Were unallocated employer securities or proceeds from the sale of unallocated securities used to repay any exempt loan?... X Yes X No 11 a Does the ESOP hold any preferred stock?... X Yes X No b If the ESOP has an outstanding exempt loan with the employer as lender, is such loan part of a back-to-back loan? (See instructions for definition of back-to-back loan.) Does the ESOP hold any stock that is not readily tradable on an established securities market?... X Yes X No For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form Schedule R (Form 5500) 2015 v X Yes a b Enter the amount contributed by the employer to the plan for this plan year... 6b c 07/01/ /30/2016 Subtract the amount in line 6b from the amount in line 6a. Enter the result (enter a minus sign to the left of a negative amount)... 6c X 0 X No

24 Part V Schedule R (Form 5500) 2015 Page 2-1 x Additional Information for Multiemployer Defined Benefit Pension Plans 13 Enter the following information for each employer that contributed more than 5% of total contributions to the plan during the plan year (measured in dollars). See instructions. Complete as many entries as needed to report all applicable employers. a Name of contributing employer CLAYTON COATING b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, a complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) 8.78 X (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): Name of contributing employer ROLLING PLAINS b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, a complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) 8.78 X (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): Name of contributing employer CALIFORNIA DRYWALL b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) 8.78 X (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): a Name of contributing employer BRATTON MASONRY b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) 7.98 X (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): a Name of contributing employer b EIN c Dollar amount contributed by employer 1 d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify):

25 Schedule R (Form 5500) 2015 Page 3 14 Enter the number of participants on whose behalf no contributions were made by an employer as an employer of the participant for: a The current year... 14a b The plan year immediately preceding the current plan year... 14b c The second preceding plan year... 14c Enter the ratio of the number of participants under the plan on whose behalf no employer had an obligation to make an employer contribution during the current plan year to: a The corresponding number for the plan year immediately preceding the current plan year... 15a b The corresponding number for the second preceding plan year... 15b Information with respect to any employers who withdrew from the plan during the preceding plan year: a Enter the number of employers who withdrew during the preceding plan year... 16a b If line 16a is greater than 0, enter the aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers... 16b If assets and liabilities from another plan have been transferred to or merged with this plan during the plan year, check box and see instructions regarding supplemental information to be included as an attachment.... X Part VI Additional Information for Single-Employer and Multiemployer Defined Benefit Pension Plans 18 If any liabilities to participants or their beneficiaries under the plan as of the end of the plan year consist (in whole or in part) of liabilities to such participants and beneficiaries under two or more pension plans as of immediately before such plan year, check box and see instructions regarding supplemental information to be included as an attachment... X 19 If the total number of participants is 1,000 or more, complete lines (a) through (c) a b c Part VII Enter the percentage of plan assets held as: Stock: % Investment-Grade Debt: % High-Yield Debt: % Real Estate: % Other: % Provide the average duration of the combined investment-grade and high-yield debt: X 0-3 years X 3-6 years X 6-9 years X 9-12 years X years X years X years X 21 years or more What duration measure was used to calculate line 19(b)? X Effective duration X Macaulay duration X Modified duration X Other (specify): IRS Compliance Questions 20a Is the plan a 401(k) plan?... X Yes X No 20b If Yes, how does the 401(k) plan satisfy the nondiscrimination requirements for employee deferrals and employer matching contributions (as applicable) under sections 401(k)(3) and 401(m)(2)?... 20c If the ADP/ACP test is used, did the 401(k) plan perform ADP/ACP testing for the plan year using the "current year testing method" for nonhighly compensated employees (Treas. Reg sections 1.401(k)-2(a)(2)(ii) and 1.401(m)-2(a)(2)(ii))?... 21a Check the box to indicate the method used by the plan to satisfy the coverage requirements under section 410(b):... 21b Does the plan satisfy the coverage and nondiscrimination tests of sections 410(b) and 401(a)(4) by combining this plan with any other plans under the permissive aggregation rules?... X Design-based safe harbor method X Yes X Ratio percentage test X Yes X ADP/ACP test X No X X No Average benefit test 22a Has the plan been timely amended for all required tax law changes?... X Yes X No X N/A 22b Date the last plan amendment/restatement for the required tax law changes was adopted / /. Enter the applicable code (See instructions for tax law changes and codes). 22c If the plan sponsor is an adopter of a pre-approved master and prototype (M&P) or volume submitter plan that is subject to a favorable IRS opinion or advisory letter, enter the date of that favorable letter / / and the letter s serial number. 22d If the plan is an individually-designed plan and received a favorable determination letter from the IRS, enter the date of the plan s last favorable determination letter / /. 23 Is the Plan maintained in a U.S. territory (i.e., Puerto Rico (if no election under ERISA section 1022(i)(2) has been made), American Samoa, Guam, the Commonwealth of the Northern Mariana Islands or the U.S. Virgin Islands)?... X Yes X No

26 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND FINANCIAL STATEMENTS June 30, 2016 and 2015

27 HOD CARRIERS LOCAL #166 PENSION TRUST FUND FINANCIAL STATEMENTS June 30, 2016 and 2015 TABLE OF CONTENTS Page Independent auditor's report 2-3 EXHIBIT A: EXHIBIT B: Statements of net assets available for benefits as of June 30, 2016 and Statements of changes in net assets available for benefits for the years ended June 30, 2016 and Notes to the financial statements 7-19 ATTACHMENTS: Schedule of Assets Held for Investments Schedule of Reportable 5% Transactions

28 INDEPENDENT AUDITOR'S REPORT Board of Trustees Hod Carriers Local #166 Pension Trust Fund Report on the Financial Statements We have audited the accompanying financial statements of Hod Carriers Local No. 166 Pension Trust Fund (the Trust ), which comprise the statements of net assets available for benefits as of June 30, 2016 and 2015, and the related statements of changes in net assets available for benefits for the years then ended and the related notes to the financial statements. Management's Responsibility for the Financial Statements Trust management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Trust's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

29 Board of Trustees Hod Carriers Local #166 Pension Trust Fund Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Hod Carriers Local No. 166 Pension Trust Fund as of June 30, 2016, and changes therein for the year then ended and its financial status as of June 30, 2015 and changes therein for the year the ended, in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter As described in Note 10, the Board of Trustees has authorized the merger of the Hod Carriers Local No. 166 West Bay Pension Plan into the Hod Carriers Local No. 166 East Bay Pension Plan effective July 1, Our opinion is not modified in respect to this matter. Report on Supplemental Information Our audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The supplemental schedule of Assets Held for Investments and Reportable 5% Transactions as of June 30, 2016, referred to as supplemental information, is presented for the purpose of additional analysis and is not a required part of the financial statements but is supplemental information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of Such information is the responsibility of the Trust s management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. San Francisco, California April 14, 2017

30 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS June 30, 2016 and 2015 ASSETS EXHIBIT A Investments (Notes 2C and 5): Cash equivalents $ 12,926 $ 912,317 Mortgages 43,984 70,903 Common collectives 6,525,748 8,020,070 Mutual funds 24,309,038 25,038,611 Limited partnership 4,018,810 3,178,197 34,910,506 37,220,098 Receivables: Employer contributions (Notes 1C and 2B) 222, ,702 Due from other funds (Note 7) 429, ,524 Other receivables 6,998 7, , ,274 Cash 1,822, ,036 Prepaid Expenses 54,299 62,601 Total assets 37,446,472 38,239,009 LIABILITIES Liabilities: Accounts payable 22,398 26,666 Due to other funds (Note 7) 130,443 19,650 Total liabilities 152,841 46,316 Net Assets Available for Benefits $ 37,293,631 $ 38,192,693 The accompanying notes are an integral part of the financial statements. 4

31 EXHIBIT B HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS FOR THE YEARS ENDED JUNE 30, 2016 and Additions: Employer contributions (Notes 1C and 2B) $ 2,239,581 $ 1,037,980 Liquidated damages 3,361 7,650 2,242,942 1,045,630 Investment income: Realized and unrealized gains/(losses) on investments, net (443,027) 476,244 Interest and dividends 677, , , ,097 Less: investment expenses (89,267) (95,346) 144, ,751 Other income Total additions 2,387,822 1,851,349 Deductions: Pension benefits (Note 1B) 3,067,626 2,393,043 Operating expenses: Administrative fee 68,433 50,395 Professional services: Audit 32,868 31,311 Legal 12,152 19,244 Actuary 52,500 51,960 97, ,515 (Continued) The accompanying notes are an integral part of the financial statements. 5

32 EXHIBIT B HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS - (Continued) FOR THE YEARS ENDED JUNE 30, 2016 and General expenses: Insurance 31,485 17,619 Printing Meetings and conferences 12,057 14,696 Bank fees 7,937 4,295 Miscellaneous 1,376 4,411 53,305 41,945 Total operating expenses 219, ,855 Total deductions 3,286,884 2,587,898 Decrease in net assets (899,062) (736,549) Net Assets Available for Benefits: Beginning of year 38,192,693 20,219,379 Transfer from Hod Carriers Local 166 South Bay Pension Plan (Note 10) - 18,709,863 End of year $ 37,293,631 $ 38,192,693 The accompanying notes are an integral part of the financial statements. 6

33 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 1 - DESCRIPTION OF THE TRUST The following brief description is provided for general information purposes only. Participants should refer to the Summary Plan Description for more complete information. A. General: The Hod Carriers Local No. 166 Pension Trust Fund (the Trust ) is a defined benefit pension plan and was established on July 1, 1976 for the purpose of providing pension benefits to eligible participants covered by collective bargaining agreements between Hod Carriers Local Union No. 166 and the Wall and Ceiling Alliance and Northern California Masonry Contractors Multi- Employer Bargaining Association. The Trust is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), and is exempt from federal and state taxes on income under the current provisions of the Internal Revenue Code and the California Revenue and Taxation Code, respectively. The plan management believes that the Trust, as amended, continues to qualify and to operate in accordance with applicable provision of Internal Revenue Code for which the Trust has received a favorable tax exemption letter. B. Plan Benefits: Under the defined benefit plan, qualified participants are entitled to either a normal, early, or postponed retirement benefit as well as disability and death benefits. Married participants receive benefits such as a joint and survivor annuity unless otherwise elected. C. Contributions: During the years ended June 30, 2016 and 2015, the Trust received contributions from employers for each hour worked as determined by job classification and work location. The principal contribution rates for the years ended June 30, 2016 and 2015 were: July 1, 2014 June 30, 2016 $ $9.77 D. Vesting: Effective as of July 1, 1998, a participant who works at least one hour of covered employment on or after July 1, 1998 shall become vested after having earned at least five (5) years of vesting credits that had not previously been cancelled due to a permanent break in service. For periods of covered employment prior to July 1, 1998, the prior Trust vesting rules apply. Thus, if a participant did not meet the Trust s vesting requirements in effect prior to July 1, 1998 and did not perform one hour a month of covered employment on or after July 1, 1998, he is not vested under the new vesting requirements. Immediately prior to July 1, 1998, the Trust required ten years of vesting credits to become vested. 7

34 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Basis of Accounting: The Trust's financial statements are prepared on the accrual basis of accounting. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. B. Employer Contributions: Employer contributions reported in the financial statements include amounts relating to hours worked by participants through June 30, plus material delinquent contributions, together with liquidated damages which may be imposed. The Trust has an employer payroll audit system in place in which the employers are randomly audited to verify that they are contributing in accordance with their signed agreement. Delinquencies may arise due to these payroll audits, but due to the uncertainty of collections, no estimates of the contributions will be accrued. C. Valuation of Investments: The Trust s management determines valuation policies utilizing information provided by its investment advisors, managers, and custodians. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Cash equivalents are recorded at cost, which equals fair value. Mutual Fund s fair value is reported as the daily closing price as determined by the fund. These funds are required to publish their daily net asset value and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded. Mortgages are valued on the basis of their future principal and interest payments, discounted at prevailing interest rates for similar instruments at year end, which equals fair value. The Invesco Balanced-Risk Allocation Trust is a common collective fund. It is valued based upon its underlying net assets which are primarily fair valued using an evaluated quote provided by an independent pricing service. 8

35 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Valuation of Investments: - (Continued) The Multi-Employer Property Trust (MEPT) is a common collective fund. It is primarily valued based on fair value, where independent appraisals of the underlying assets are obtained annually and quarterly. The Cornerstone Patriot Fund is a limited partnership. It is valued based on the value of the underlying real estate assets. Real estate values are based on independent appraisals, sales proceeds, or the general partner s opinion of value. Management of the limited partnership believes the estimates reasonably approximate fair value. The White Oak Summit Fund LP is a limited partnership. It is valued at fair value which is determined by an independent valuation agent. D. Uncertain Tax Positions: The Trust has adopted guidance on accounting for uncertainty in income taxes issued by the Financial Accounting Standards Board. The Plan management believes that the Trust has not taken uncertain tax positions that require adjustment to the financial statements as a tax liability. The Plan management believes it is no longer subject to income tax examinations for fiscal years prior to June 30, E. Concentration of Credit Risk: The Trust maintains its cash balances at high credit quality financial institutions. Accounts at these institutions are insured by Federal Deposit Insurance Corporation up to $250,000. At times, such cash balances may be in excess of the insurance limit. F. Reclassification: Certain prior year amounts may have been reclassified to conform to current year financial statement presentation. 9

36 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) G. Change in Accounting Standards: In May 2015, the FASB issued ASU , Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). ASU amended ASC 820, Fair Value Measurements and Disclosures, to remove the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The amendment also removes the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. ASU is effective for fiscal years beginning after December 15, 2016 and should be applied retrospectively. Early adoption is permitted and the Trust adopted the new guidance in 2016 and applied it retrospectively for In July 2015, the FASB issued ASU , Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962) and Health and Welfare Benefit Plans (Topic 965): I. Fully Benefit-Responsive Investment Contracts; II. Plan Investment Disclosures; and III. Measurement Date Practical Expedient. Part I and Part III are not applicable to the Trust. Part II eliminates the requirements to disclose individual investments that represent 5 percent or more of net assets available for benefits and the net appreciation or depreciation in fair value of investments by general type. Part II also simplifies the level of disaggregation of investments that are measured using fair value. Plans will continue to disaggregate investments that are measured using fair value by general type; however, plans are no longer required to also disaggregate investments by nature, characteristics and risks. Further, the disclosure of information about fair value measurement shall be provided by general type of plan asset. The ASU is effective for fiscal years beginning after December 15, 2015 with early adoption permitted. Part II is to be applied retrospectively. The Trust has elected to adopt Part II early. Such adoption has no effect on the net assets available for benefits and changes in net assets for benefits for each of the years presented. Rather, the adoption eliminates certain disclosures relating to investments as described above. NOTE 3 - FUNDING POLICY A. General: The Trust is funded by employer contributions in accordance to the rates set forth in the collective bargaining agreement. Contributions from employees are not required. The Trust s actuary has determined that employers contributions have met the minimum funding requirements set forth by ERISA. B. Pension Protection Act of 2006: Under the Pension Protection Act of 2006, the Trust s actuary certified that the Trust was neither endangered nor critical status, which is considered a green status for the Trust Year beginning July 1,

37 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 3 - FUNDING POLICY (Continued) B. Pension Protection Act of 2006: - (Continued) For the Trust Year beginning July 1, 2016, the Trust s actuary certified the Trust will be neither endangered nor critical status, which is considered a green status. The Trust will be more than 80% funded for the upcoming year. NOTE 4 - TRUST TERMINATION Upon the termination or partial termination of the Trust as determined under applicable provisions of ERISA, the right of all Participants and their Beneficiaries to benefits accrued to the date of such termination shall be nonforfeitable (to the extent required by the Internal Revenue Code) and upon occurrence of such event, the assets of the Trust shall be allocated among the Participants and their Beneficiaries. Certain benefits under the Plan are covered by the insurance protection of the Pension Benefit Guaranty Corporation ( PBGC ) if the Plan terminates. The PBGC does not guarantee all benefits under the Plan, and the amount of protection is subject to certain limitations. Whether participants receive the full amount of benefits to which they are entitled should the Plan terminate at some future time will depend on the sufficient of the Plan s net assets on the date of payment to provide for accumulated benefit obligations and may also depend on the financial condition of the Plan and the level of benefits guaranteed by the PBGC. NOTE 5 - INVESTMENTS A. General: The investment assets of the Trust are held by U.S. Bank under the terms of a co-trustee agreement. Assets are invested in accordance with a program directed by the investment manager. The following information, included in the Trust's financial statements as of June 30, 2016 and 2015, was prepared by U.S. Bank and furnished to the administrator Fair Value Cost Fair Value Cost Cash & equivalents $ 12,926 $ 10,777 $ 912,317 $ 910,168 Mortgages 43,984 43,984 70,903 70,903 Common collectives 6,525,748 4,713,733 8,020,070 6,461,529 Mutual funds 24,309,038 19,541,521 25,038,611 18,742,465 Limited partnership 4,018,810 3,175,050 3,178,197 2,293,037 Total $ 34,910,506 $ 27,485,065 $ 37,220,098 $ 28,478,102 11

38 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 5 INVESTMENTS (Continued) B. Fair Value Measurement: The Trust has adopted the Fair Value Measurement Topic of the Financial Accounting Standards Board Accounting Standards Codification No. 820 (ASC 820). In accordance with ASC 820, fair value is defined as the price that the Plan would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. As amended, ASC 820 permits entities to use Net Asset Value (NAV) as a practical expedient to measure fair value when the investment does not have a readily determinable fair value and the net asset value is calculated in a manner consistent with the investment company accounting. ASC 820 established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below. Level 1 quoted prices in active markets for identical investments Level 2 other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) Level 3 significant unobservable inputs (including the Trust s own assumptions in determining the fair value of investments) 12

39 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 5 INVESTMENTS (Continued) B. Fair Value Measurement: - (Continued) The following is a summary of the inputs used as of June 30, 2016 in valuing the Trust s investments carried at fair value: Level Level Level Total Cash & equivalents $ 12,926 $ - $ - $ 12,926 Mortgages ,984 43,984 Mutual funds 24,309, ,309,039 Total $ 24,321,965 $ - $ 43,984 $ 24,365,949 Investments measured at net asset value (*) $ 10,544,557 Investments at fair value $ 34,910,506 (*) In accordance with Subtopic , certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statement of net assets available for benefits. The following is a summary of the inputs used as of June 30, 2015 in valuing the Trust s investments carried at fair value: Level Level Level Total Cash & equivalents $ 912,317 $ - $ - $ 912,317 Mortgages ,903 70,903 Mutual funds 25,038, ,038,611 Total $ 25,950,928 $ - $ 70,903 $ 26,021,831 Investments measured at net asset value (*) $ 11,198,267 Investments at fair value $ 37,220,098 (*) In accordance with Subtopic , certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statement of net assets available for benefits. 13

40 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 5 INVESTMENTS (Continued) B. Fair Value Measurement: - (Continued) Level 3 investment activity for the year ended June 30, 2016 is as follows: Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value at Realized Transfer Fair Value at June 30, Sales/ and Unrealized In/(Out) June 30, 2015 Purchases Redemptions gains/(losses) of Level Liberty Lending $ 70,903 $ - $ (26,919) $ - $ - $ 43,984 $ 70,903 $ - $ (26,919) $ - $ - $ 43,984 Level 3 investment activity for the year ended June 30, 2015 is as follows: Fair Value Measurement Using Significant Unobservable Inputs (Level 3) Fair Value at Realized Transfer Fair Value at June 30, Sales/ and Unrealized In/(Out) June 30, 2014 Purchases Redemptions gains/(losses) of Level Liberty Lending $ 96,449 $ - $ (25,546) $ - $ - $ 70,903 $ 96,449 $ - $ (25,546) $ - $ - $ 70,903 The following table summarizes the valuation methods and inputs used to determine fair value at June 30, 2016 for assets and liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3 inputs): June 30, 2016 Significant Weighted Valuation Unobservable Range Average Fair Value Technique Inputs Low and High Low and High Liberty Lending $ 43,984 Discounted Discount rate 5.50% % 6.22% % cash flows Discounted Exit cap rate 4.25% % 5.03% % cash flows 14

41 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 5 INVESTMENTS (Continued) B. Fair Value Measurement: - (Continued) The following table summarizes the valuation methods and inputs used to determine fair value at June 30, 2015 for assets and liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3 inputs): June 30, 2015 Significant Weighted Valuation Unobservable Range Average Fair Value Technique Inputs Low and High Low and High Liberty Lending $ 70,903 Discounted Discount rate n/a n/a cash flows The Trust hold shares or interests in investment companies at year end whereby the fair value of the investment held is estimated based on the net asset value per share (or its equivalent) of the investment company. At June 30, 2016, the fair value, unfunded commitments, and redemption rules of those investments is as follows: June 30, 2016 Fair Unfunded Redemption Redemption Value Commitment Frequency Notice Cornerstone Patriot Fund, L.P. $ 2,628,293 $ - Quarterly 30 days Invesco Balanced-Risk Allocation Trust 3,507,267 - Daily n/a Multi-Employer Property Trust 3,018,481 - Quarterly 365 days White Oak Summit Fund, L.P. 1,390,516 2,109,483 n/a n/a Total $ 10,544,557 $ 2,109,483 At June 30, 2015, the fair value, unfunded commitments, and redemption rules of those investments is as follows: June 30, 2015 Fair Unfunded Redemption Redemption Value Commitment Frequency Notice Cornerstone Patriot Fund, L.P. $ 3,178,197 $ - Quarterly 30 days Invesco Balanced-Risk Allocation Trust 5,295,409 - Daily n/a Multi-Employer Property Trust 2,724,661 - Quarterly 365 days Total $ 11,198,267 $ - 15

42 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 5 INVESTMENTS (Continued) B. Fair Value Measurement: - (Continued) The Cornerstone Patriot Fund, L.P. seeks to provide attractive total returns with reduced risk. The Patriot Fund has both relative and real return objectives over the longer term: its relative performance objective is to exceed the NCREIF Fund Index-Open-End Diversified Core Equity (NFI-ODCE), and its return objective is to achieve at least a 5% real rate of return, before advisory fees. The White Oak Summit Fund L.P. seeks to originate, acquire, hold and dispose of partnership investments on behalf of the limited partners in the manner determined by the manager in its sole and absolute discretion pending utilization or disbursement of funds, to make temporary investments, and to engage in any lawful activity for which limited partnerships may be organized under the laws of the state of Delaware as the general partner deems necessary or desirable for the accomplishment of the above purposes or the furtherance of any of the powers herein set forth and to do every other act and thing incident thereto or connected therewith. NOTE 6 - ACTUARIAL PRESENT VALUE OF ACCUMULATED PLAN BENEFITS Accumulated plan benefits are those future payments that are attributable under the Trust's provisions to the service the participants have rendered. Accumulated plan benefits include benefits expected to be paid to: (a) retired or terminated participants or their beneficiaries, (b) beneficiaries of participants who have died, and (c) present participants or their beneficiaries. The actuarial present value of accumulated benefits is that amount that results from applying actuarial assumptions to adjust the accumulated plan benefits to reflect the time value of money (through discounts for interest) and the probability of payment (by means of reductions such as for death, disability, withdrawal or retirement) between the valuation date and the expected date of payment. The significant actuarial assumptions used in the valuation performed by the actuary at July 1, 2015, the most recent valuation, were (a) investment return (assumed at 6.00% per annum), (b) retirement age assumptions (the assumed average retirement age was 62 and vested or age 65 and attainment of the 5 th anniversary of participation in the plan) and (c) life expectancy of participants (1983 Group Annuity Mortality Table). 16

43 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 6 - ACTUARIAL PRESENT VALUE OF ACCUMULATED PLAN BENEFITS (Continued) The actuarial present value of accumulated plan benefits, as developed by the Trust s actuary as of July 1, 2015, follows: STATEMENT OF ACCUMULATED PLAN BENEFITS (as of July 1, 2015) 2015 Actuarial present value of accumulated plan benefits at end of the plan year: Vested benefits in a payment status $ 26,837,998 Other participants' vested benefits 14,487,529 Total vested benefits 41,325,527 Nonvested benefits 702,152 Total year end actuarial present value $ 42,027,679 STATEMENT OF CHANGES IN ACCUMULATED PLAN BENEFITS (for year ended July 1, 2015) 2015 Actuarial present value of accumulated plan benefits at beginning of year $ 23,047,241 Increase/(decrease) during year due to: Benefits accumulated 529,883 Increase for interest 1,312,089 Benefits paid (2,393,043) Merger with Hod South Bay 19,531,509 18,980,438 Actuarial present value of accumulated plan benefits at end of year $ 42,027,679 17

44 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 7 - AGREEMENTS AND TRANSACTIONS WITH PERSONS KNOWN TO BE PARTIES IN INTEREST The Hod Carriers Local 166 Health and Welfare Plan receives contributions and liquidated damages on behalf of the Hod Carriers Local 166 Plans. These contributions are allocated based on each plan s contribution rate and are transferred monthly to the respective plan. At June 30, 2016 and 2015, $414,102 and $384,524 was due from the Hod Carriers Local 166 Health and Welfare Plan to the Trust respectively. The Hod Carriers Local 166 Health and Welfare Plan inadvertently overpaid the Trust for an expense reimbursement that the Trust paid on the Hod Carriers Local 166 Health and Welfare Plan s behalf. The Trust subsequently reimbursed the Hod Carriers Local 166 Health and Welfare Plan in the following year. At June 30, 2015, the Trust owed $470 to the Hod Carriers Local 166 Health and Welfare Plan. The Trust inadvertently paid the Hod Carriers Local 166 West Bay Pension Plan for actuarial services which have not been reimbursed. At June 30, 2016, $15,290 was due from the Hod Carriers Local 166 West Bay Pension Plan to the Trust. The Hod Carriers Local 166 Money Purchase Pension Plan inadvertently paid expenses on behalf of the Trust which were subsequently reimbursed in the following year. At June 30, 2016 and 2015, $39,946 and $19,180 was due to the Hod Carriers Local 166 Money Purchase Pension Plan, respectively. The Hod Carriers Local 166 West Bay Pension Plan receives contributions from the Trust. They are first transferred from the lockbox to the Trust, and then the Trust transfers over the corresponding funds to the Hod Carriers Local 166 West Bay Pension Plan. At June 30, 2016, $90,497 was due to the Hod Carriers Local 166 West Bay Pension Plan from the Trust for contributions received but not yet transferred. NOTE 8 RISK AND UNCERTAINTIES The Trust invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect amounts reported in the statements of net assets available for benefits. 18

45 HOD CARRIERS LOCAL NO. 166 PENSION TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (Continued) NOTE 9 EMPLOYER WITHDRAWAL LIABILITY The Multi-Employer Pension Plan Amendments Act of 1980, as amended by the Deficit Reduction Act of 1984 imposes a liability on employers that withdraw from the Trust. The amount due to the Trust from a withdrawn employer is based on the history of contributions to the Trust and the related unfunded vested benefits. As of years ended June 30, 2016, and 2015, the Trust is in withdrawal liability status. However, there have not been any employers that have withdrawn from this Trust during the withdrawal liability period and therefore no liability to the employer to contribution to the Trust has been assessed. NOTE 10 TRUST MERGER The Board of Trustees has authorized the merger of the Hod Carriers Local No. 166 West Bay Pension Plan into the Hod Carriers Local No. 166 East Bay Pension Plan. The merger is effective with the transfer of net assets and Trust Fund operations effective July 1, The asset transfer will occur July 1, The Board of Trustees authorized the merger of the Hod Carriers Local 166 South Bay Pension Plan into the Hod Carriers Local 166 East Bay Pension Plan to become the Hod Carriers Local No. 166 Pension Trust Fund. The merger was effective with the transfer of net assets and Plan operations effective January 1, All assets were transferred by January 14, 2015 totaling $18,709,863. NOTE 11 SUBSEQUENT EVENTS Management has evaluated subsequent events through the date on which the financial statements were available to be issued. This date is approximately the same as the independent auditor s report date. Management has concluded that no material subsequent events have occurred since June 30, 2016 that required recognition or disclosure in the financial statements. 19

46 2015 Schedule MB (Form 5500) Attachment Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINE 6 SUMMARY OF PLAN PROVISIONS Plan Type: Qualified defined benefit plan. Plan Effective Date: July 1, Plan Year: July 1 June 30. Monthly Regular Retirement Benefit: $75 per month for each Plan Year on and after July 1, 2007 in which 1,250 hours are worked adjusted for hours worked over 1,250 up to 2,000, plus $90 per month for each Plan Year in which 1,250 hours are worked from July 1, 1978 through June 30, 2007, plus 2% of contributions made on the employee s behalf from July 1, 1967 through June 30, 1978, plus $11.50 per month for years prior to July 1, South Bay Mason Tenders entered the plan July 1, The monthly benefit amount is reduced proportionately to reflect the lower contribution rate. Benefits accrued in the South Bay Plan as of December 31, 2014 by former South Bay participants will be payable from the Plan and will be added to any benefits accrued on and after January 1, Normal Form of Benefit: Life Annuity with 60 months guaranteed. Normal Retirement Age: Age 62 and vested or Age 65 and attainment of the 5 th anniversary of participation in the plan. Early Retirement Age: Age 55 and vested. Accrued benefits as of December 31, 2012 from the South Bay Plan are payable at age 53 with 10 years of credited service (with at least ½ year of future service credit) or 5 years of credited service after January 1, Early Retirement Benefit: Accrued benefit reduced by 1/2 of 1% for each month preceding age 62. Accrued benefits as of December 31, 2012 from the South Bay Plan are reduced 1/2 of 1% for each month preceding age 61 and 1/4 of 1% for each month between ages 61 and 62. South Bay Plan benefits accrued as of December 31, 2012 are unreduced if the participant has 25 years of credited service and is active (250 hours in a year) in 1998 or later. Disability Retirement: Under age 62 with at least 10 Benefit Credits and Vested Credits, eligible for Social Security Disability and unable to engage in any occupation. Disability Retirement Benefit: 2/3 of accrued benefit until Normal Retirement Age. At Normal Retirement Age benefit increases to the accrued benefit without reduction. Vesting Credit: 0.1 years for hours plus 0.1 years for each additional 100 hours. One year of vesting credit is earned for each Plan Year in which 1,000 or more covered hours are worked. Five vesting credits are required to be fully vested. Vesting service as of December 31, 2014 in the South Bay Plan is counted as vesting credit in the Plan. Benefit Credit: One year of benefit credit is earned for each Plan Year in which 1,250 covered hours are worked. Partial credit is given for hours over 300 up to 2,000 resulting in Benefit Credits ranging from 0.1 to 1.6 in a given year.

47 2015 Schedule MB (Form 5500) Attachment Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINE 6 SUMMARY OF PLAN PROVISIONS (CONTINUED) Participation: First day of the month following the 12- consecutive month period during which a participant worked at least 1,000 covered hours. Active participants in the South Bay Plan as of January 1, 2015 entered the Plan immediately. Break-in-Service: Fewer than 300 covered hours in a Plan year. Permanent Break-in-Service: Five consecutive one-year breaks-in-service Pre-Retirement Death Eligibility: Vested. Pre-Retirement Death Benefit: Upon the death of a vested married participant, the survivor portion of the joint and 50% survivor annuity commencing at the later of the participant s death or when the participant would have attained earliest retirement. Unmarried participant s beneficiary is entitled to a cash death benefit equal to $1,000 times the number of future service benefit credits or 60 payments of their accrued benefit if greater. Post-Retirement Death Benefit: Survivor benefit, if any, based on the form of payment in effect at time of death. Optional Forms: 50% Joint & Survivor, 66-2/3% Joint & Survivor, 75% Joint & Survivor, 100% Joint & Survivor and 5 and 10 Year Certain & Life. Plan Provisions Excluded from Measurement: None.

48 B-77C HOD CARRIERS LOCAL 166 PEN-CONS Page 12 of 81 ACCOUNT Period from July 1, 2015 to June 30, 2016 ASSET DETAIL UNREALIZED GAIN (LOSS) ADJ PRIOR MARKET / SHARES/ MARKET SINCE INCEPTION/ ADJ PRIOR MARKET ENDING ACCRUAL DESCRIPTION FACE AMOUNT PRICE/UNIT BOOK VALUE CURRENT PERIOD UNREALIZED GAIN/LOSS YIELD ON MARKET Cash And Equivalents Money Markets First Amer Prime Oblig Fd Cl Z V625 Asset Minor Code 43 ACCOUNT First Amer 9, , , , Prime Oblig Fd Cl Z V625 Asset Minor Code 43 ACCOUNT Total First Amer Prime 10, , , , Oblig Fd Cl Z Total Money Markets 10, , , , Total Cash And 10, , , , Equivalents Corporate Issues 1 Ln Liberty 43, , , , # % 11/01/ LLL94 Asset Minor Code 31 Date Last Priced: 11/30/15 ACCOUNT Total Corporate Issues 43, , , , Mutual Funds Mutual Funds-Equity EIN #

49 B-77C HOD CARRIERS LOCAL 166 PEN-CONS Page 13 of 81 ACCOUNT Period from July 1, 2015 to June 30, 2016 ASSET DETAIL (continued) UNREALIZED GAIN (LOSS) ADJ PRIOR MARKET / SHARES/ MARKET SINCE INCEPTION/ ADJ PRIOR MARKET ENDING ACCRUAL DESCRIPTION FACE AMOUNT PRICE/UNIT BOOK VALUE CURRENT PERIOD UNREALIZED GAIN/LOSS YIELD ON MARKET Delaware 93, ,808, ,059, , ,947, Small Cap Core Ins , , B859 Asset Minor Code 98 ACCOUNT Dodge & Cox 126, ,400, ,605, , ,527, International Stock Fund ,127, ,127, Asset Minor Code 98 ACCOUNT Vangrd Ttl 171, ,929, ,374, ,554, ,911, Stk Mkt Ind # , , Asset Minor Code 98 ACCOUNT Total Mutual Funds-Equity 391, ,138, ,039, ,098, ,386, ,343, ,248, Mutual Funds-Fixed Income Pimco Total 889, ,170, ,501, , ,322, Return Fund Inst , , Asset Minor Code 99 ACCOUNT Vanguard Total Bond Market Index Adm , Asset Minor Code 99 ACCOUNT Total Mutual Funds-Fixed 889, ,170, ,501, , ,322, Income - 185, , Total Mutual Funds 1,280, ,309, ,541, ,767, ,708, ,528, ,399, Miscellaneous EIN #

50 B-77C HOD CARRIERS LOCAL 166 PEN-CONS Page 14 of 81 ACCOUNT Period from July 1, 2015 to June 30, 2016 ASSET DETAIL (continued) UNREALIZED GAIN (LOSS) ADJ PRIOR MARKET / SHARES/ MARKET SINCE INCEPTION/ ADJ PRIOR MARKET ENDING ACCRUAL DESCRIPTION FACE AMOUNT PRICE/UNIT BOOK VALUE CURRENT PERIOD UNREALIZED GAIN/LOSS YIELD ON MARKET Partnerships/Joint Ventures Multi ,018, ,812, ,205, ,724, Employer Prop Tr *** 9, , , K9A8 Asset Minor Code 77 ACCOUNT White Oak 1,390, ,390, ,390, ,390, Summit Fund LP *** MSC50E7 Asset Minor Code 77 Date Last Priced: 11/30/15 ACCOUNT Total Partnerships/Joint 1,390, ,408, ,203, ,205, ,115, Ventures 293, , Collective Investment Funds Barings Core 21, ,628, ,784, , ,441, Properties Fd LP *** , , CPFPF1 Asset Minor Code 17 ACCOUNT Invesco 180, ,507, ,901, , ,304, Balanced Risk Allocation *** , , IPPT0 Asset Minor Code 17 ACCOUNT Total Collective 202, ,135, ,685, ,449, ,745, Investment Funds - 81, , Total Miscellaneous 1,593, ,544, ,888, ,655, ,861, , , Total Assets 2,929, ,908, ,485, ,423, ,624, ,316, , EIN #

51 2015 Schedule MB (Form 5500), Line 8b(2) Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINE 8b(2) SCHEDULE OF ACTIVE PARTICIPANT DATA Years of Credited Service Attained Age (1) Under 1 1 to 4 5 to 9 10 to to to to to to & up Total Under to to to to to to to to to & up Total (1) Ages include assumed age for 10 records with no reported date of birth. Note: Compensation information not shown because plan benefits are not pay-related.

52 2015 Schedule MB (Form 5500), Lines 9c & 9h Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINES 9c AND 9h SCHEDULE OF FUNDING STANDARD ACCOUNT BASES Description of Base Date of Establishment Outstanding Balance Remaining Period Amortization Amounts Charge Bases EB Initial Liability 7/1/ , ,631 EB Plan Amendment 7/1/ , ,560 EB Plan Amendment 7/1/ , ,292 EB Plan Amendment 7/1/ , ,809 EB Plan Amendment 7/1/ , ,600 EB Plan Amendment 7/1/ , ,607 EB Plan Amendment 7/1/ , ,309 EB Plan Amendment 7/1/ , ,357 EB Plan Amendment 7/1/ , ,247 EB Plan Amendment 7/1/ , ,958 EB Plan Amendment 7/1/ , ,000 EB Plan Amendment 7/1/ , ,372 EB Plan Amendment 7/1/ , ,515 EB Plan Amendment 7/1/ , ,671 EB Experience Loss 7/1/ , ,002 EB Experience Loss 7/1/ , ,140 EB Experience Loss 7/1/ , ,103 EB Experience Loss 7/1/ , ,380 EB Experience Loss 7/1/ , ,503 EB Plan Amendment 7/1/ , ,526 EB Plan Amendment 7/1/ , ,706 EB Experience Loss 7/1/ , ,257 EB ENIL /1/2009 3,451, ,661 EB Experience Loss 7/1/ , ,755 EB Plan Amendment 7/1/ , ,185 EB ENIL /1/ , ,328 EB ENIL /1/ , ,396 EB Assumption Change 7/1/2011 1,053, ,060 EB Method Change 7/1/ , ,757 EB Experience Loss 7/1/ , ,911 EB ENIL /1/ , ,442 EB ENIL /1/ , ,079

53 2015 Schedule MB (Form 5500), Lines 9c & 9h Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINES 9c AND 9h SCHEDULE OF FUNDING STANDARD ACCOUNT BASES Description of Base Date of Establishment Outstanding Balance Remaining Period Amortization Amounts SB Initial Liability 1/1/ , ,049 SB Plan Amendment 1/1/ , ,607 SB Plan Amendment 1/1/1982 4, ,280 SB Plan Amendment 1/1/ , ,413 SB Plan Amendment 1/1/ , ,032 SB Plan Amendment 1/1/ , ,895 SB Plan Amendment 1/1/ , ,504 SB Plan Amendment 1/1/ , ,910 SB Plan Amendment 1/1/ , ,545 SB Plan Amendment 1/1/ , ,473 SB Plan Amendment 1/1/ , ,378 SB Plan Amendment 1/1/ , ,601 SB Plan Amendment 1/1/ , ,638 SB Plan Amendment 1/1/ , ,716 SB Change in Method 1/1/ , ,247 SB Plan Amendment 1/1/ , ,591 SB Plan Amendment 1/1/ , SB Plan Amendment 1/1/ , ,554 SB Plan Amendment 1/1/1999 1,995, ,054 SB Plan Amendment 1/1/ , ,199 SB Assumption Change 1/1/ , ,292 SB Assumption Change 1/1/ , ,913 SB Experience Loss 1/1/ , ,855 SB Experience Loss 1/1/ , ,758 SB Experience Loss 1/1/ , ,988 SB Experience Loss 1/1/2009 3,067, ,470 SB Assumption Change 1/1/ , ,462 SB Experience Loss 1/1/2011 1,052, ,042 SB Experience Loss 1/1/ , ,782 SB Assumption Change 1/1/ , ,206 EB ENIL /1/ , ,457 Subtotal Charges 24,636,236 3,295,951

54 2015 Schedule MB (Form 5500), Lines 9c & 9h Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINES 9c AND 9h SCHEDULE OF FUNDING STANDARD ACCOUNT BASES Description of Base Date of Establishment Outstanding Balance Remaining Period Amortization Amounts Credit Bases EB Experience Gain 7/1/ , ,994 EB Experience Gain 7/1/ , ,794 EB ENIL /1/ , ,751 EB Assumption Change 7/1/ , ,581 EB Experience Gain 7/1/ , ,672 EB Experience Gain 7/1/2014 1,326, ,660 SB Assumption Change 1/1/ , ,523 SB Assumption Change 1/1/ , ,324 SB Experience Gain 1/1/ , ,994 SB Experience Gain 1/1/ , ,014 SB Experience Gain 1/1/ , ,364 SB Experience Gain 1/1/ , ,971 SB Experience Gain 1/1/ , ,539 SB Plan Amendment 1/1/ , ,901 SB Experience Gain 1/1/2010 1,206, ,384 SB Experience Gain 1/1/ , ,009 SB Plan Amendment 1/1/ , ,317 SB Method Change 1/1/ , ,004 SB Experience Gain 1/1/2014 1,331, ,180 SB Experience Gain 1/1/ , ,931 Assumption Change 7/1/ , ,796 Experience Gain 7/1/2015 1,479, ,738 Subtotal Credits 11,238,402 1,380,441 Net Charges/Credits 13,397,834 1,915,510

55 2015 Schedule MB (Form 5500) Attachment Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINE 11 JUSTIFICATION FOR CHANGE IN ACTUARIAL ASSUMPTIONS Change in Actuarial Assumptions: The current liability interest rate was changed from 3.59% to 3.34% to comply with IRC Sections 412(b)(5)(B) and 412(l)(7)(C). To better reflect prior and future expected experience, the retirement rates were updated from 100% of actives retiring at age 62 to the rates shown on the attachment to Line 6, Statement of Actuarial Assumptions/Methods.

56 2015 Schedule MB (Form 5500) Attachment Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINE 6 STATEMENT OF ACTUARIAL ASSUMPTIONS/METHODS Actuarial Cost Method: Unit Credit Cost Method. Actuarial Assumptions: Interest Discount Rate: For funding: 6.00% compounded annually. For current liability: 3.34% compounded annually. Investment Yield: Mortality: 6.00% compounded annually, net of expenses, and 0.75% for operational expenses. For funding: Healthy participants: 1983 Group Annuity Mortality Table for Males and Females. Disabled participants: Disabled Life Mortality per Rev. Rul For current liability: RP-2000 (separate for annuitants and nonannuitants) projected forward to valuation year plus 7 years for annuitants and 15 years for nonannuitants. Disabled participants: Disabled Life Mortality per Rev. Rul No future mortality improvement is assumed. Retirement: Age Retirement Rate % Disability Incidence: Employment: 1975 Social Security Disablement Rates. Future benefit accruals are based on actual hours worked in the prior plan year.

57 2015 Schedule MB (Form 5500) Attachment Plan Name: Hod Carriers Local 166 Pension Fund Employer ID: Plan Number: 001 SCHEDULE MB, LINE 6 STATEMENT OF ACTUARIAL ASSUMPTIONS/METHODS (CONTINUED) Marital Status: Termination before Retirement: 80% of non-retired participants are assumed to be married. Wife is assumed to be three years younger than the husband. Sample rates are shown below: Age Withdrawal Rate % Form of Payment: Unknown Data: Asset Valuation Method: It is assumed that all participants elect a life annuity with 60 months guaranteed. Participants with unreported data, such as missing birthdates, are assumed to have the same characteristics as similar participants. If not specified, participants are assumed to be male. Adjusted market value. Difference between actual investment return and expected return on the market value is recognized over a five-year period (10 years for the June 30, 2009 loss in accordance with PRA 2010). Actuarial value may not be less than 80% or more than 120% of market value.

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