Federal Express Corporation Welfare Benefit Trust for Retired Pilots

“Total number of officers, directors, and trustees permitted to vote the trust operates for the exclusive purpose of providing a health reimbursement program for retired pilots of federal express corporation, the plan sponsor. The trust does not operate independently with respect to conducting business and, as such, does not hold board meetings. All administrative activities involved with respect to the trust are handled by the trustee, the plan manager and the fedex corporation retirement plan investment board. ----------------------------”

“Delegation of duties matrix trust serves as trustee for the trust and is responsible for providing all day to day trust administration services required for the proper administration of the trust. -----------------------------”

“Mailing address for the trustee the trustee cannot be reached at the organization's mailing address. Matrix's mailing address is: matrix trust 717 17th street, suite 1300 denver, co 80202 ------------------------------”

“Review of the form 990 pricewaterhousecoopers llp utilizes the data reported in the financial statements to prepare the form 990. The completed form 990 is provided to the trustee for review prior to the filing due date. The trustee reviews the data against source documents for accuracy before the form 990 is signed and submitted to the irs. ---------------------------------”

“Governance and policies the trust is a voluntary employee benefits association pursuant to irc section 501(c)(9). Its trustee has a fiduciary duty to manage investments in the best interest of the beneficiaries and operate pursuant to a stringent code of conduct. Since the trust does not maintain employees, there are no processes in place related to employee compensation. -----------------------------------”

“Governing documents, etc. - availability to the public governing documents, financial statements and the form 990 are available upon request. ------------------------------------”

“Compensation information matrix trust received additional indirect compensation for its services as trustee. Matrix trust has provided all the required disclosures pursuant to erisa section 408(b)(2). ------------------------------------”

“Average hours per week devoted to position as trustee, matrix trust has provided various administrative services to the trust, such as administering this benefit plan. These services require the involvement of numerous individual employees in the activities of the organization and thus can not be quantified on an hourly basis, but instead are in accordance with the trust agreements with federal express corporation. ---------------------------------------”