Benefit Plans Administrative Services 12/26/2018

23IPage E. Records The Custodian shall keep accurate and detailed accounts of all investments, receipts, disbursements and other transactions in the Account, and all accounts, books and records relating thereto shall be open to inspection and audit at all reasonable times by any persons designated by the Trustee. Within ninety (90) days following the close of the fiscal year of the Plan (or such other date as may be agreed upon in writing between the Trustee and the Custodian), and within ninety (90) days after the termination of this Agreement, the Custodian shall file with the Trustee a written account setting forth all investments, receipts, disbursements and other transactions effected by it during such fiscal year or during the period from the close of the last fiscal year to the date of such termination. The Custodian shall certify in writing the accuracy of the accounting. The Trustee may approve or disapprove the accounting within six (6) months after the end of the plan year of the Plan to which the accounting relates, and, subject to applicable laws, if no written objections are received from the Trustee by the end of such six-month period,the accounting shall be deemed approved. F. Valuation To the extent that the Custodian shall be required to value the assets for the Account for any purpose, including any accounting required under this Agreement, the valuation shall be performed in accordance with a method consistently followed and uniformly applied by it, provided that such method conforms to generally accepted accounting principles. G. Compensation The Custodian shall be entitled to such reasonable compensation for its services hereunder as may be agreed from time to time in writing between the Custodian and the Trustee. Expenses incurred by the Custodian in the performance of its services hereunder, and all other proper charges and disbursements of the Account shall be charged to the Account by the Custodian, unless otherwise directed by the Trustee. Any and all taxes including any interest and penalties with respect thereto, which may be levied or assessed under existing or future laws upon or in respect of the Account or income thereof similarly shall be charged to and paid out of the Account, as permitted by the Trust and all applicable laws. H. Float The Custodian may establish and maintain a bank account or any number of bank accounts to receive and hold for a reasonable time- a. Contributions awaiting investment, b. amounts redeemed for investment, c. wire transfers initiated to transfer plan assets, or d. amounts redeemed for a Distribution to a Participant, Beneficiary, or Alternate Payee, for a rollover or transfer to another Plan or retirement arrangement, or for payment to or on the direction of the Plan- Administrator. The Custodian may deposit such amounts into any bank account maintained by the Custodian or and affiliated banking institution and may commingle amounts under the Agreement together with amounts of other retirement plans. Specific information concerning the time frames during which float earnings may be realized by the Custodian and rates at which earnings on float are expected to accrue to the Custodian are as follows: a. Contributions and purchases. Contributions are generally invested immediately or by the close of business on the business day following receipt of such funds and corresponding instructions. Amounts that cannot be allocated due to incomplete or incorrect information may be held for up to 30 days. Amounts that can be allocated may be held for up to 7 days. If allocation is not possible, such amounts VEBA Administrative Service Agreement (405512)