Vigilant Manufacturers' Trust

“Rodger glos is a trustee of the trust and employed by vigilant services, inc. Vigilant services, inc. Provides management and consulting services to the trust. Rodger glos is also related to derek glos, president of vigilant. Vigilant is the endorsing sponsor of the trust and related plan.”

“The trust has contracted with a third-party administrator (vimly benefit solutions, inc.) to provide bookkeeping and administrative services, and with vigilant services, inc. To provide certain marketing, sales, advisory, administration, compliance and monitoring services.”

“The initial trustee was named in the original trust agreement. Additional or successor trustee(s) are elected by a majority of participating employers in the following manner: an additional or successor trustee will be provisionally appointed by a majority of the current trustee(s). In the event there are no current trustees or there is no majority agreement on a new trustee, an additional or successor trustee may be provisionally appointed by vigilant. In making the appointment, the remaining trustee(s) or vigilant will attempt to select an individual from one of the participating employers, it being the intent that the trustees, as a group, constitute a fair representation of the participating employers. Notice of the provisional appointment will be mailed by the administrative office to all participating employers and will become final thirty days after such notice unless, in the meantime, participating employers representing 51 percent of the employees participating in the trust should object, in writing, to the appointment. In the event such an objection is filed, the trustees will conduct a referendum election among all of the participating employers. Each participating employer may submit the name of one nominee and, in the referendum, each participating employer will be entitled to one vote. Each vote will be weighted, however, by the number of the participating employer's employees participating in the trust (as measured by the number of employees reported on the participating employer's reporting form received by the trust in the month prior to the month of the election). The nominee who receives the largest number of votes will be declared the new trustee. The current trustees, or if none then vigilant, will have full authority to make the arrangements for the election, including the adoption of any election rules deemed appropriate. The costs of the election will be chargeable to the trust. Each trustee shall acknowledge, in writing, his or her acceptance of appointment as trustee. Any trustee may be removed by a majority of the other current trustee(s) upon written notice to the trustee(s). Alternatively, any trustee may be removed upon written notice to the trustee(s) following a recommendation of the lesser of 10% of the participating employers or 10 participating employers representing 51% of the employees participating in the trust. The removal of a trustee shall be effective on the date designated in the written notice. A trustee may be removed for any reason, including but not limited to, missing 3 consecutive trust meetings without an approved absence. A successor will be elected as provided above.”

“The form 990 was prepared under the guidance of the board of trustees by the independent accounting firm anastasi, moore & martin pllc. Draft copies of the trust's financial statements and form 990 were first provided to the trust's consultants and advisors, who reviewed the form 990 for accuracy and completeness. Any questions, concerns or issues raised by the consultants and advisors were addressed and any necessary revisions were made to the form 990. The revised form 990 was then provided to the chairman of the board of trustees for his review and approval. Any additional questions, concerns or issues raised by the chairman were addressed and any necessary revisions were made to the form 990. The final version of the form 990 was reviewed and approved for filing by the chairman. The final version of the form 990 was made available to the board of trustees prior to filing.”

“All proposed relationships and contracts with service providers, as well as all proposed investments that would be made by the trust, are provided to and reviewed by trust legal counsel for compliance with the prohibited transaction provisions of erisa. Additionally, each party-in-interest (fiduciary or service provider) has an ongoing duty to disclose all material facts to the board of trustees about any actual or potential conflicts of interest as soon as such facts become known or should have become known.”

“The trust's governing documents, conflict of interest policy, financial statements and form 990 are available to the general public upon written request sent to vimly benefit solutions, inc. At: p.o. Box 6, mukilteo, wa 98275.”

“The trust does not compensate the trustees, as the trustees serve on a voluntary basis. The chairman of the board of trustees is compensated for his services to vigilant services, inc., which provides management and consulting services to the trust. The trust does not readily have access to information related to compensation paid by other entities.”

“The process has not changed since filing the prior form 990.”