Retail Ventures Inc Veba

“The organization is a voluntary employees' benefit association (veba). As a trust, the veba does not have a defined governing body composed of a board of directors, but instead is governed by a trust agreement. A commercial banking institution is appointed as trustee by the sponsoring organization in the trust agreement. The sponsoring institution shall at all times ensure that named fiduciaries are appointed for the plan, who shall be responsible for the control of the veba established in connection with the trust fund. Such named fiduciaries shall be responsible for the operation and administration of the plan. To accomplish administration and payment of benefits under the plan, the primary sponsor of the plan engaged a benefits administrator to serve as the agent for the administration and payment of benefits under the plan. The benefits administrator may be changed from time to time and the plan sponsor shall provide the trustee with written notification of any change. The trustee shall make distribution from the trust fund in the manner provided for under the terms of the trust agreement and in such amounts as are directed in writing by the plan sponsor or benefits administrator. Board meetings are not held accordingly there are no board minutes documented.”

“See explanation for line 8a above. There are no committees with authority to act on behalf of the trust and its named fiduciaries.”

“The form 990 will be reviewed by the plan sponsor's vice president and treasurer. A copy of the form 990 is provided to the institutional trustee and principal officer before filing with the service.”

“The organization's governing document and financial statements will be provided upon request.”

“Pnc bank - 1900 e. 9th st, cleveland, oh 44114.”

“Pnc bank - 1900 e. 9th street, cleveland, ohio 44114”

“The organization has terminated effective december 31, 2014. As of may 26, 2011, retail ventures, inc merged with and into dsw ms llc, the sole member of which is dsw inc. Pursuant to sections 9.1 and 9.2 of the agreement between retail ventures, inc. And dsw inc., retail ventures inc was provided the option to terminate the trust fund at any time. The company determined that the trust fund was no longer necessary to accomplish the purpose for which it was created and amendeded the agreement to allow for the expenditure of all remaining trust fund assets and to terminate the trust fund effective december 31, 2014. The remaining net assets were transferred to dsw inc.”