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      <TotalRevEtcAuditedFinclStmtAmt>5783189</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>457650</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>457650</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>5325539</RevenueSubtotalAmt>
      <InvestmentExpensesNotIncldAmt>15350</InvestmentExpensesNotIncldAmt>
      <RevenueNotReportedFinclStmtAmt>15350</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>5340889</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>3417967</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>3417967</ExpensesSubtotalAmt>
      <InvestmentExpensesNotIncld2Amt>15350</InvestmentExpensesNotIncld2Amt>
      <ExpensesNotRptFinclStmtAmt>15350</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>3433317</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE AUDITED FINANCIAL STATEMENTS CONTAIN THE FOLLOWING DISCLOSURE PERTAINING TO FIN 48 (ASC 740) "THE PLAN RECEIVED AN EXEMPTION LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) DATED JULY 27, 1982, STATING THAT THE TRUST ESTABLISHED UNDER THE PLAN WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE PROVISIONS OF SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC). NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED FOR THE YEARS ENDING DECEMBER 31, 2024 AND 2023 FOR UNRELATED BUSINESS TAXABLE INCOME. THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST IS TAX-EXEMPT AS OF THE FINANCIAL STATEMENT DATE. U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY, ASSET, OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS."</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART XI, LINE 4B - OTHER ADJUSTMENTS:</FormAndLineReferenceDesc>
        <ExplanationTxt>ROUNDING</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL DOCUMENTS ARE REVIEWED BY APPROPRIATE INDIVIDUALS BEFORE SIGNING AND FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>POLICY IS REVIEWED BY THE BOARD OF TRUSTEES ANNUALLY</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>POLICIES ARE MADE AVAILABLE UPON REQUEST</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC</FormAndLineReferenceDesc>
        <ExplanationTxt>JOHN FRIGILLANA - 2240 YOUNG STREET, HONOLULU, HI 96826. RYDEN VALMOJA - 2240 YOUNG STREET, HONOLULU, HI 96826. MARIO MANRIQUE JR. - 2240 YOUNG STREET, HONOLULU, HI 96826. MICHAEL MAZZONE - 746 BANNISTER STREET, HONOLULU, HI 96819. MICHAEL GOODNIGHT - 396 HALE PLACE, KAPAA, HI 96746. KARL SINCLAIR - 905 KALANIANIOLE HWY #107, KAILUA, HI 96734. ANACLETO ALCANTRA - 511 MOKAUEA ST, HONOLULU, HI 96819.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>HAWAII TAPERS MARKET RECOVERY PLAN</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>560 N NIMITZ HWY STE 209</AddressLine1Txt>
          <CityNm>HONOLULU</CityNm>
          <StateAbbreviationCd>HI</StateAbbreviationCd>
          <ZIPCd>96817</ZIPCd>
        </USAddress>
        <EIN>990324684</EIN>
        <PrimaryActivitiesTxt>TO STUDY, EXPLORE &amp; IMPLEMENT WAYS &amp; MEANS OF PROMOTING FAIR COMPETITION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>HI</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(6)</ExemptCodeSectionTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>HAWAII TAPERS ANNUITY PLAN</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>560 N NIMITZ HWY STE 209</AddressLine1Txt>
          <CityNm>HONOLULU</CityNm>
          <StateAbbreviationCd>HI</StateAbbreviationCd>
          <ZIPCd>96817</ZIPCd>
        </USAddress>
        <EIN>990209408</EIN>
        <PrimaryActivitiesTxt>PROVIDE RETIREMENT BENEFIT TO ELIGIBLE PLAN PARTICIPANTS</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>HI</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>401(A)</ExemptCodeSectionTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>HAWAII TAPERS VACATION TRUST FUND</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>560 N NIMITZ HWY STE 209</AddressLine1Txt>
          <CityNm>HONOLULU</CityNm>
          <StateAbbreviationCd>HI</StateAbbreviationCd>
          <ZIPCd>96817</ZIPCd>
        </USAddress>
        <EIN>320421626</EIN>
        <PrimaryActivitiesTxt>TO PROVIDE VACATION BENEFITS TO ELIGIBLE EMPLOYEES IN THE INDUSTRY</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>HI</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(9)</ExemptCodeSectionTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>HAWAII TAPERS RETIREE HEALTH REIMBURSEMENT PLAN</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>560 N NIMITZ HWY STE 209</AddressLine1Txt>
          <CityNm>HONOLULU</CityNm>
          <StateAbbreviationCd>HI</StateAbbreviationCd>
          <ZIPCd>96817</ZIPCd>
        </USAddress>
        <EIN>300856953</EIN>
        <PrimaryActivitiesTxt>TO PROVIDE HEALTH BENEFITS FOR ELIGIBLE RETIREES</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>HI</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(9)</ExemptCodeSectionTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>SEE SCHEDULE R SUPPLEMENTAL INFORMATION</BusinessNameLine1Txt>
        </DisregardedEntityName>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>SEE SCHEDULE R SUPPLEMENTAL INFORMATION</BusinessNameLine1Txt>
        </RelatedOrganizationName>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>SEE SCHEDULE R SUPPLEMENTAL INFORMATION</BusinessNameLine1Txt>
        </RelatedOrganizationName>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>0</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>0</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>0</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>1</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, SCHEDULE R, PARTS II, III, IV</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FILING ORGANIZATION IS A TAFT-HARTLEY MULTIEMPLOYER PLAN THAT PROVIDES HEALTH &amp; WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS IN ACCORDANCE W/ THE TERMS SET FORTH IN TRUST AGREEM'TS, RULES &amp; REGS., OF THE PLAN &amp; CBA. THE ADMINISTRATIVE OFFICE MAINTAINS A DATABASE OF THESE CONTRIBUTING EMPLOYERS INCLUDING THE NAMES, ADDRESSES, AND OTHER CONTACT INFORMATION. HOWEVER, THE LEGAL STRUCTURE (CORPORATION, PARTNERSHIP, ETC) FOR EACH CONTRIBUTING EMPLOYER IS NOT ON FILE WITH THE ADMINISTRATIVE OFFICE AND COULD NOT BE REASONABLY OBTAINED. AS A RESULT, THE CONTRIBUTING EMPLOYERS COULD NOT BE SEPARATED BY TYPE OF ORGANIZATION. HOWEVER THEY ARE LISTED BELOW: ALII DRYWALL ALII NUI CONSTRUCTION, INC. BEK, INC BRETT HILL CONSTRUCTION COASTAL CONSTRUCTION COMPANY, INC DC50 JOINT APPRENTICESHIP &amp; TRAINING FUND DOUG'S ACOUSTICAL AND DRYWALL INTERIOR EAGLE INTERIORS FINE BUILDERS LLC FIRST PACIFIC BUILDERS LLC GILL CONSTRUCTION, INC. GOODNIGHT'S CORP DBA CONSTRUCT DRYWALL SYSTEMS GROUP BUILDERS, INC. GUY'S SUPERIOR INTERIORS HAWAIIAN ISLE INTERIORS, LLC ISLAND CREATIONS CONSTRUCTION, LLC J&amp;J DRYWALL AND PLASTERING, LLC JDH CONSTRUCTION LTD JSC CONSTRUCTION, LLC KA MO'I CONSTRUCTION KING'S PAINTING, LLC LEVEL 5 DRYWALL LEWIS &amp; MANN PLASTERING &amp; DRYWALL M. SHIROMA PAINTING CO., INC. M2K CONSTRUCTION, LLC NAN, INC. DBA OCEAN HOUSE BUILDERS NORPAC WALL &amp; CEILINGS PMJ BUILDERS, INC PRISM ACOUSTICAL &amp; DRYWALL LLC SHIOI CONSTRUCTION, INC DBA CREATIVE PARTITION SYSTEMS SINCLAIR DRYWALL SONNY'S WALL SERVICE, LLC. STATEWIDE GENERAL CONTRACTING SWI FINISHING, INC SWINERTON BUILDERS SYNC DRYWALL SYSTEMS TAPERS UNION LOCAL 1944 THE LOOKING GLASS CORPORATION TROPICAL INDUSTR. CORP. TRUE LINE CONSTRUCTION SERVICES, LLC V&amp;C DRYWALL CONTRACTORS, INC VIKING CONSTRUCTION, INC YASUHARA DRYWALL ZELINSKY COMPANY PAINTING &amp; FINISHING CONTRACTORS</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleR>
  </ReturnData>
</Return>