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        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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      <AuditCommitteeInd>true</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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      <TotalRevEtcAuditedFinclStmtAmt>17283865</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>-159612</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>-159612</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>17443477</RevenueSubtotalAmt>
      <InvestmentExpensesNotIncldAmt>26347</InvestmentExpensesNotIncldAmt>
      <RevenueNotReportedFinclStmtAmt>26347</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>17469824</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>15205447</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>15205447</ExpensesSubtotalAmt>
      <InvestmentExpensesNotIncld2Amt>26347</InvestmentExpensesNotIncld2Amt>
      <ExpensesNotRptFinclStmtAmt>26347</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>15231794</TotalExpensesPerForm990Amt>
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    <IRS990ScheduleO documentId="RetDoc3">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>EMPLOYED A THIRD PARY ADMINISTRATOR: SOUTHERN BENEFIT ADMINISTRATORS, INC., GOODLETTSVILLE, TN</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE MANAGEMENT TRUSTEES SERVE AS TRUSTEES UNTIL THEY RESIGN, DIE OR BECOME INCAPACITATED. A REPLACEMENT OF A MANAGEMENT TRUSTEE IS SELECTED BY THE REMAINING MANAGEMENT TRUSTEES WHEN A VACANCY OCCURS. THE LABOR TRUSTEES SERVE AS TRUSTEES AT THE PLEASURE OF THE SOUTHEASTERN REGIONAL COUNCIL OF THE INTERNATIONAL BROTHERHOOD OF CARPENTERS AND JOINERS OF AMERICA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF FORM 990 AND ALL RELATED ATTACHMENTS WERE EMAILED TO ALL TRUSTEES OF ITS GOVERNING BODY IN MID-JUNE, 2015 BEFORE THE RETURN WAS FILED IN JULY, 2015. ALL TRUSTEES WERE REQUESTED TO ASK ANY QUESTIONS OF THE RETURN PREPARER BEFORE THE RETURN WAS FILED AND NO QUESTIONS WERE RECEIVED BY THE RETURN PREPARER BEFORE IT WAS FILED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>WHENEVER A MEMBER OF THE GOVERNING BOARD CONSIDERS ANY ITEM THAT HE DOES OR KNOWS THAT ANOTHER GOVERNING BOARD MEMBER DOES SOMETHING THAT MAY BE A CONFLICT OF INTEREST, HE BRINGS THIS ITEM BEFORE THE FULL BOARD FOR THEM TO DETERMINE IF ANY ACTION IS NECESSARY BY THEM.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND/OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS REQUIRED BY ERISA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FUND PREPARES ITS FINANCIAL STATEMENTS UNDER ACCOUNTING PRINCIPALS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS SUCH, ITS INVESTMENTS ARE ADJUSTED TO MARKET VALUE AT YEAR END. THE 159,612 LOSS SHOWN AS NET UNREALIZED LOSSES ON INVESTMENTS REPRESENTS THE CHANGE IN THE FUND'S INVESTMENTS TO MARKET VALUE AS OF MARCH 31, 2015.</ExplanationTxt>
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</Return>