Annuity

Independent Account Retirement Fund

The BAC Local 3 NY Individual Account Retirement Plan (the “Plan”) is a multiemployer, defined contribution, profit sharing Plan which provides retirement benefits to members of Bricklayers and Allied Craftworkers Local 3 New York employed under collective bargaining agreements between the Union and Participating Employers. The Plan was formed by the July 1, 2011 merger of three funds maintained by Chapters of BAC Local 3: the Rochester Chapter Annuity Fund; the Buffalo Chapter Annuity Fund; and the Bricklayers Local 8 Defined Contribution Retirement Fund originally. Pursuant to the authority of the Trustees set out in the Agreement and Declaration of Trust entered into as of June 30, 2011 and the Merger Agreement between the three Chapter Funds, the Board of Trustees adopted this Plan of Benefits effective September 1, 2011.

Benefits from this Plan, together with benefits from your Bricklayers Pension Plan and Social Security, hold out the promise of a comfortable retirement–a just reward after a long and productive career. As your Trustees, we pledge to do all we can to assure that the expectations we all have for this Plan are realized.

September 1, 2011

Sincerely,

THE BOARD OF TRUSTEES

Union Trustees: Tony DiPerna, Scott Stringer, Frank Pietrowski, Rick Williamson

Employer Trustees: Brian Donnelly, Aaron Hilger, Jim Logan, Jeff Morris, Brad Walters