Metro - Ila Fringe Benefit Fund

“In addition, the plan and related trust are required to operate in conformity with the irc to maintain the tax exempt status of the trust. Plan management 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. Us gaap requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. 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 position that more likely than not would not be sustained upon examination by the [identify the taxing authority]. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

“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 (or asset) if the plan has taken an uncertain position that would not be sustained upon examination by the internal revenue service. The plan administrator has analyzed the tax positions taken by the plan, and has concluded that as of december 31, 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Employee benefit plans are subject to routine audits by taxing jurisdictions; however there are curretly no audits for any tax periods in progress for the plan. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2021.”