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        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 3, PART X</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PLAN OBTAINED A FAVORABLE DETERMINATION LETTER ON AUGUST 25, 1959, IN WHICH THE INTERNAL REVENUE SERVICE STATED THAT THE PLAN AND RELATED TRUST, AS THEN DESIGNED, WAS IN COMPLIANCE WITH APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THE PLAN HAS BEEN AMENDED SINCE RECEIVING THE DETERMINATION LETTER. HOWEVER, THE PLAN ADMINISTRATOR AND THE PLAN'S LEGAL COUNSEL BELIEVE THE PLAN IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THE PLAN IS IN PROCESS OF OBTAINING A MORE CURRENT FAVORABLE DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY IF THE PLAN HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021.</ExplanationTxt>
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        <ExplanationTxt>THE SAGINAW PLUMBERS AND PIPEFITTERS LOCAL 85 HEALTH AND WELFARE FUND IS CRAFTED FOR THE PURPOSE OF PROVIDING TRAINING TO APPRENTICE AND JOURNEYMEN MEMBERS UNDER A COLLECTIVELY BARGAINED AGREEMENT, ON BEHALF OF THE SAGINAW PLUMBERS AND PIPEFITTERS U.A. LOCAL NO. 85, IN COMPLIANCE WITH THE TAFT- HARTLEY ACT.</ExplanationTxt>
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        <ExplanationTxt>MANAGEMENT OF THE TRUST IS THE RESPONSIBILITY OF THE BOARD OF TRUSTEES, ADMINISTRATION OF THE BENEFITS HAS BEEN DELEGATED TO A THIRD PARTY ADMINISTRATOR, BENESYS, INC.</ExplanationTxt>
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        <ExplanationTxt>A COPY OF THE COMPLETED FORM 990 IS PRESENTED TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR REVIEW. IF SATISFIED, THE BOARD OF TRUSTEES MAKES AND PASSES A MOTION AUTHORIZING THE CHAIRMAN TO SIGN THE E-FILE AUTHORIZATION FORM 8879. FORM 990 IS THEN SUBMITTED ELECTRONICALLY BY THE FUND'S ACCOUNTANT.</ExplanationTxt>
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        <ExplanationTxt>ALL GOVERNING DOCUMENTS OF THE FUND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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