ANSWER: The Trust Fund is a legal entity created as the result
of a trust agreement signed by the Companyand the Union. Contributions to the Plan, as negotiated in the collective bargaining agreement, as well as the investment earnings thereon,
are held by this independent Trust Fund.
ANSWER: Trust Fund assets, except for assets held under the supplementary portion of the Plan, are invested by professional investment managers hired by the Trustees, with the assistance of other financial experts. Interest, dividends and other earnings from these
investments flow to the Trust. Money comes out of the Trust Fund to pay benefits
and to administer the Plan.
Trust Fund assets derived from voluntary participant contributions to the supplementary portion of the Plan are invested pursuant to participant direction.
ANSWER: Generally, Plan assets are held exclusively to provide
benefits to participants and beneficiaries and to defray reasonable
administration and investment expenses. Assets may be used to pay any expenses reasonably
related to administration and investment and authorized by the Plan. Each year you receive a Summary Annual Report which specifies these expenses.
