Alaska Electrical Pension Fund Re Title Holding Corp

“Knute anderson mike hodsdon trustee trustee business relationship”

“Knute anderson p.o. Box 55422 north pole, ak 99705 larry bell 712 west 36th avenue anchorage, ak 99503 scott bringmann p.o. Box 91499 anchorage, ak 99509 laurie butcher 600 telephone ave. Ms 8 anchorage, ak 99503 brad evans p.o. Box 196300 anchorage, ak 99519 rodney hesson 813 w. 12th street juneau, ak 99801 jason hodges 7941 sandlewood place anchorage, ak 99507 mike hodsdon 3333 denali street, suite 200 anchorage, ak 99503 marcie obremski 3333 denali street, suite 200 anchorage, ak 99503 david reaves, jr. 3333 denali street, suite 200 anchorage, ak 99503 jay rhodes 317 stedman street ketchikan, ak 99901 lael fullford 303 e van horn road fairbanks, ak 99701 peter crosson 701 e. Tudor road, suite 135 anchorage, ak 99503”

“The form 990 is prepared and reviewed at the detail level by the controller and accounting staff, and key sections are reviewed by kpmg at the high level. The form is signed by two trustees.”

“There is no specific conflict of interest policy; however, the articles of incorporation require trustees to disclose any conflicts.”

“Compensation review is performed by trustees(members of the administrative committee). The alaska consumer price index is used to determine comparability. Contemporaneous substantiation takes the form of a memo from the administrative committee. The positions for which the described process applies are the administrator and the real estate manager. The process was last performed for both of these positions in 2016.”

“Compensation review is performed by trustees(members of the administrative committee). The alaska consumer price index is used to determine comparability. Contemporaneous substantiation takes the form of a memo from the administrative committee. The positions for which the described process applies are the administrator and the real estate manager. The process was last performed for both of these positions in 2016.”

“The annual funding notice to participants is the pension summary report, which includes investments held by the real estate title holding corp. Included in this report is notification that participants may obtain a full annual report, including form 5500 and audited financial statements, upon request.”

“Owner contributions 23,352,048 other changes in net assets is the net distribution (contribution) to/from the pension plan to real estate title holding corp.”