Form 5500

Department of the Treasury

Internal Revenue Service

Department of Labor

Employee Benefits Security

Administration

Pension Benefit Guaranty Corporation

Annual Return/Report of Employee Benefit Plan

This form is required to be filed for employee benefit plans under sections 104 

and 4065 of the Employee Retirement Income Security Act of 1974 (ERISA) and 

sections 6057(b) and 6058(a) of the Internal Revenue Code (the Code).

 Complete all entries in accordance with 

the instructions to the Form 5500.

OMB Nos. 1210-0110

1210-0089

2019

This Form is Open to Public 

Inspection

Part I Annual Report Identification Information

For calendar plan year 2019 or fiscal plan year beginning and ending 

A This return/report is for: X a multiemployer plan X a multiple-employer plan (Filers checking this box must attach a list of 

participating employer information in accordance with the form instructions.)

 X a single-employer plan X a DFE (specify) _C_

B This return/report is: X the first return/report X the final return/report

 X an amended return/report X a short plan year return/report (less than 12 months)

C If the plan is a collectively-bargained plan, check here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X

D Check box if filing under: X Form 5558 X automatic extension X the DFVC program

 X special extension (enter description) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

Part II Basic Plan Information—enter all requested information

1a Name of plan

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

1b Three-digit plan 

number (PN)  001

1c Effective date of plan

YYYY-MM-DD

2a Plan sponsor’s name (employer, if for a single-employer plan)

 Mailing address (include room, apt., suite no. and street, or P.O. Box) 

 City or town, state or province, country, and ZIP or foreign postal code (if foreign, see instructions)

2b Employer Identification 

Number (EIN)

012345678

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

D/B/A ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

c/o ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

123456789 ABCDEFGHI ABCDEFGHI ABCDE

123456789 ABCDEFGHI ABCDEFGHI ABCDE

CITYEFGHI ABCDEFGHI AB, ST 012345678901

UK 

2c Plan Sponsor’s telephone 

number

0123456789

2d Business code (see 

instructions)

012345

Caution: A penalty for the late or incomplete filing of this return/report will be assessed unless reasonable cause is established.

Under penalties of perjury and other penalties set forth in the instructions, I declare that I have examined this return/report, including accompanying schedules, 

statements and attachments, as well as the electronic version of this return/report, and to the best of my knowledge and belief, it is true, correct, and complete.

SIGN

HERE

YYYY-MM-DD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

Signature of plan administrator Date Enter name of individual signing as plan administrator

SIGN

HERE

YYYY-MM-DD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

Signature of employer/plan sponsor Date Enter name of individual signing as employer or plan sponsor

SIGN

HERE

YYYY-MM-DD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

Signature of DFE Date Enter name of individual signing as DFE

For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Form 5500 (2019) 

v. 190130

MICHAEL BULL

WAREHOUSE EMPLOYEES UNION LOCAL NO. 730 PENSION TRUST FUND

410-683-7763

001

Filed with authorized/valid electronic signature.

493100

01/01/2019

08/15/1965

RITCHIE BROOKS

911 RIDGEBROOK ROAD

SPARKS, MD 21152-9451

12/31/2019

X

Filed with authorized/valid electronic signature.

BOARD OF TRUSTEES OF WAREHOUSE EMPLOYEES LOCAL NO. 730 PENSION TRUST F

X

52-6124754

10/01/2020

X

10/05/2020

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0265
Form 5500 (2019) Page 2 

3a Plan administrator’s name and address X Same as Plan Sponsor 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

c/o ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

123456789 ABCDEFGHI ABCDEFGHI ABCDE

123456789 ABCDEFGHI ABCDEFGHI ABCDE

CITYEFGHI ABCDEFGHI AB, ST 012345678901

UK 

3b Administrator’s EIN

012345678

3c Administrator’s telephone 

number

0123456789

4 If the name and/or EIN of the plan sponsor or the plan name has changed since the last return/report filed for this plan, 

enter the plan sponsor’s name, EIN, the plan name and the plan number from the last return/report:

4b EIN012345678

a Sponsor’s name

c Plan Name

4d PN

012

5 Total number of participants at the beginning of the plan year 5 123456789012

6 Number of participants as of the end of the plan year unless otherwise stated (welfare plans complete only lines 6a(1), 

 6a(2), 6b, 6c, and 6d).

a(1) Total number of active participants at the beginning of the plan year ............................................................................... 6a(1)

 

a(2) Total number of active participants at the end of the plan year ....................................................................................... 6a(2)

b Retired or separated participants receiving benefits.............................................................................................................. 6b 123456789012

c Other retired or separated participants entitled to future benefits .......................................................................................... 6c 123456789012

d Subtotal. Add lines 6a(2), 6b, and 6c.................................................................................................................................... 6d 123456789012

e Deceased participants whose beneficiaries are receiving or are entitled to receive benefits. ................................................ 6e 123456789012

f Total. Add lines 6d and 6e................................................................................................................................................... 6f 123456789012

g Number of participants with account balances as of the end of the plan year (only defined contribution plans 

 complete this item)............................................................................................................................................................. 6g 123456789012

h Number of participants who terminated employment during the plan year with accrued benefits that were 

 less than 100% vested ......................................................................................................................................................... 6h 123456789012

7 Enter the total number of employers obligated to contribute to the plan (only multiemployer plans complete this item)......... 7

8a If the plan provides pension benefits, enter the applicable pension feature codes from the List of Plan Characteristics Codes in the instructions:

b If the plan provides welfare benefits, enter the applicable welfare feature codes from the List of Plan Characteristics Codes in the instructions: 

 

9a Plan funding arrangement (check all that apply) 9b Plan benefit arrangement (check all that apply)

(1) X Insurance (1) X Insurance

(2) X Code section 412(e)(3) insurance contracts (2) X Code section 412(e)(3) insurance contracts

(3) X Trust (3) X Trust

(4) X General assets of the sponsor (4) X General assets of the sponsor

10 Check all applicable boxes in 10a and 10b to indicate which schedules are attached, and, where indicated, enter the number attached. (See instructions)

a Pension Schedules b General Schedules

(1) X R (Retirement Plan Information) (1) X H (Financial Information)

(2) X MB (Multiemployer Defined Benefit Plan and Certain Money 

Purchase Plan Actuarial Information) - signed by the plan 

actuary

(2) X I (Financial Information – Small Plan)

(3) X ___ A (Insurance Information)

(4) X C (Service Provider Information)

(3) X SB (Single-Employer Defined Benefit Plan Actuarial 

Information) - signed by the plan actuary

(5) X D (DFE/Participating Plan Information)

(6) X G (Financial Transaction Schedules)

2013

672

X

371

X

885

X

2049

1B

X

X

144

X

1869

X

312

X

4

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0266
Form 5500 (2019) Page 3 

Part III Form M-1 Compliance Information (to be completed by welfare benefit plans)

11a If the plan provides welfare benefits, was the plan subject to the Form M-1 filing requirements during the plan year? (See instructions and 29 CFR 

2520.101-2.) ....................................... X Yes X No

 If “Yes” is checked, complete lines 11b and 11c.

11b Is the plan currently in compliance with the Form M-1 filing requirements? (See instructions and 29 CFR 2520.101-2.) ........... X Yes X No 

11c Enter the Receipt Confirmation Code for the 2019 Form M-1 annual report. If the plan was not required to file the 2019 Form M-1 annual report, enter the 

Receipt Confirmation Code for the most recent Form M-1 that was required to be filed under the Form M-1 filing requirements. (Failure to enter a valid 

Receipt Confirmation Code will subject the Form 5500 filing to rejection as incomplete.) 

 Receipt Confirmation Code______________________ 

 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0267
SCHEDULE MB

(Form 5500)

Department of the Treasury

Internal Revenue Service

Department of Labor

Employee Benefits Security Administration

Pension Benefit Guaranty Corporation

Multiemployer Defined Benefit Plan and Certain 

Money Purchase Plan Actuarial Information

This schedule is required to be filed under section 104 of the Employee 

Retirement Income Security Act of 1974 (ERISA) and section 6059 of the 

Internal Revenue Code (the Code).

 File as an attachment to Form 5500 or 5500-SF.

OMB No. 1210-0110

2019

This Form is Open to Public 

Inspection

For calendar plan year 2019 or fiscal plan year beginning and ending 

Round off amounts to nearest dollar.

Caution: A penalty of $1,000 will be assessed for late filing of this report unless reasonable cause is established.

A Name of plan

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI 

B Three-digit

plan number (PN)  001

C Plan sponsor’s name as shown on line 2a of Form 5500 or 5500-SF

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

D Employer Identification Number (EIN)

012345678

E Type of plan: (1) X Multiemployer Defined Benefit (2) X Money Purchase (see instructions) 

1a Enter the valuation date: Month _________ Day _________ Year _________

 b Assets

(1) Current value of assets ...................................................................................................................... 1b(1)

(2) Actuarial value of assets for funding standard account....................................................................... 1b(2)

 c (1) Accrued liability for plan using immediate gain methods .................................................................... 1c(1)

(2) Information for plans using spread gain methods:

(a) Unfunded liability for methods with bases ....................................................................................... 1c(2)(a) -123456789012345

(b) Accrued liability under entry age normal method............................................................................. 1c(2)(b) -123456789012345

(c) Normal cost under entry age normal method .................................................................................. 1c(2)(c) -123456789012345

(3) Accrued liability under unit credit cost method ...................................................................................... 1c(3) -123456789012345

 d Information on current liabilities of the plan:

(1) Amount excluded from current liability attributable to pre-participation service (see instructions) .......... 1d(1) -123456789012345

(2) “RPA ‘94” information:

(a) Current liability................................................................................................................................ 1d(2)(a) -123456789012345

(b) Expected increase in current liability due to benefits accruing during the plan year......................... 1d(2)(b) -123456789012345

(c) Expected release from “RPA ‘94” current liability for the plan year.................................................. 1d(2)(c) -123456789012345

(3) Expected plan disbursements for the plan year..................................................................................... 1d(3) -123456789012345

Statement by Enrolled Actuary

To the best of my knowledge, the information supplied in this schedule and accompanying schedules, statements and attachments, if any, is complete and accurate. Each prescribed assumption was applied 

in accordance with applicable law and regulations. In my opinion, each other assumption is reasonable (taking into account the experience of the plan and reasonable expectations) and such other 

assumptions, in combination, offer my best estimate of anticipated experience under the plan.

SIGN

HERE

Signature of actuary Date

Type or print name of actuary Most recent enrollment number

Firm name Telephone number (including area code)

123456789 ABCDEFGHI ABCDEFGHI ABCDE

123456789 ABCDEFGHI ABCDEFGHI ABCDE

UK

Address of the firm

If the actuary has not fully reflected any regulation or ruling promulgated under the statute in completing this schedule, check the box and see 

instructions

X

For Paperwork Reduction Act Notice, see the Instructions for Form 5500 or 5500-SF. Schedule MB (Form 5500) 2019

v. 190130

01

WAREHOUSE EMPLOYEES UNION LOCAL NO. 730 PENSION TRUST FUND

153296273

52-6124754

001

01/01/2019

20-05197

474757777

703-893-1456

12/31/2019

01 2019

2514056

158236069

CHEIRON, INC.

22521823

279273711

PETER R. HARDCASTLE

09/30/2020

21856977

8300 GREENSBORO DRIVE, STE 800, MCLEAN, VA 22102

BOARD OF TRUSTEES OF WAREHOUSE EMPLOYEES LOCAL NO. 730 PENSION TRUST F

275242089

X

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0268
Schedule MB (Form 5500) 2019 Page 2 - 1- x

2 Operational information as of beginning of this plan year:

a Current value of assets (see instructions) ............................................................................................................... 2a -123456789012345

b “RPA ‘94” current liability/participant count breakdown: (1) Number of participants (2) Current liability

(1) For retired participants and beneficiaries receiving payment ................................... 12345678 -123456789012345

(2) For terminated vested participants .......................................................................... 12345678 -123456789012345

(3) For active participants:

(a) Non-vested benefits.......................................................................................... -123456789012345

(b) Vested benefits................................................................................................. -123456789012345

(c) Total active....................................................................................................... -123456789012345

(4) Total ....................................................................................................................... 12345678 -123456789012345

c If the percentage resulting from dividing line 2a by line 2b(4), column (2), is less than 70%, enter such 

percentage ........................................................................................................................................................... 2c 123.12%

3 Contributions made to the plan for the plan year by employer(s) and employees:

(a) Date 

(MM-DD-YYYY)

(b) Amount paid by 

employer(s)

(c) Amount paid by 

employees

(a) Date 

(MM-DD-YYYY)

(b) Amount paid by 

employer(s)

c) Amount paid by 

employees

Totals ► 3(b) 3(c)

4 Information on plan status:

 a Funded percentage for monitoring plan’s status (line 1b(2) divided by line 1c(3)) ................................................ 4a %

 b Enter code to indicate plan’s status (see instructions for attachment of supporting evidence of plan’s status). If 

entered code is “N,” go to line 5 ..................................................................................................... 4b

 c Is the plan making the scheduled progress under any applicable funding improvement or rehabilitation plan? .............................................................X Yes X No

 d If the plan is in critical status or critical and declining status, were any benefits reduced (see instructions)? .................................................X Yes X No

e If line d is “Yes,” enter the reduction in liability resulting from the reduction in benefits (see instructions), 

measured as of the valuation date ...................................................................................................................... 4e -123456789012345

f If the rehabilitation plan projects emergence from critical status or critical and declining status, enter the plan 

year in which it is projected to emerge. 

 If the rehabilitation plan is based on forestalling possible insolvency, enter the plan year in which insolvency is 

expected and check here ........................................................................................................................ 

4f

5 Actuarial cost method used as the basis for this plan year’s funding standard account computations (check all that apply):

a X Attained age normal b X Entry age normal c X Accrued benefit (unit credit) d X Aggregate

e X Frozen initial liability f X Individual level premium g X Individual aggregate h X Shortfall

i X Other (specify):_

____________________________________________________________________________ 

j If box h is checked, enter period of use of shortfall method................................................................................... 5j YYYY-MM-DD

k Has a change been made in funding method for this plan year? ...................................................................................................................X Yes X No

l If line k is “Yes,” was the change made pursuant to Revenue Procedure 2000-40 or other automatic approval?...........................................X Yes X No

m If line k is “Yes,” and line l is “No,” enter the date (MM-DD-YYYY) of the ruling letter (individual or class) 

approving the change in funding method .............................................................................................................. 5m YYYY-MM-DD

1

X

474757777

D

738

301

3419001

57.5

80337901

4543402

2032

1001

X

157595714

X

2040

32.29

83756902

153296273

233405161

4543402

X

X

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0269
Schedule MB (Form 5500) 2019 Page 3 - 1- x

6 Checklist of certain actuarial assumptions:

a Interest rate for “RPA ‘94” current liability..................................................................................................................................... 6a 123.12%

Pre-retirement Post-retirement

b Rates specified in insurance or annuity contracts.................................... X Yes X No X N/A X Yes X No X N/A

c Mortality table code for valuation purposes:

(1) Males ................................................................................... 6c(1)

(2) Females ............................................................................... 6c(2)

d Valuation liability interest rate ..................................................... 6d 123.12% 123.12%

e Expense loading ......................................................................... 6e 123.12% X N/A 123.12% X N/A

f Salary scale................................................................................ 6f 123.12% X N/A 

g Estimated investment return on actuarial value of assets for year ending on the valuation date..................... 6g -123.1%

h Estimated investment return on current value of assets for year ending on the valuation date ....................... 6h -123.1%

7 New amortization bases established in the current plan year:

(1) Type of base (2) Initial balance (3) Amortization Charge/Credit

A -123456789012345 -123456789012345

A -123456789012345 -123456789012345

A -123456789012345 -123456789012345

8 Miscellaneous information:

a If a waiver of a funding deficiency has been approved for this plan year, enter the date (MM-DD-YYYY) of 

the ruling letter granting the approval............................................................................................................ 8a

YYYY-MM-DD

 b(1) Is the plan required to provide a projection of expected benefit payments? (See the instructions.) If “Yes,” 

attach a schedule...................................................................................................................................................... X Yes X No

b(2) Is the plan required to provide a Schedule of Active Participant Data? (See the instructions.) If “Yes,” attach a 

 schedule................................................................................................................................................................... X Yes X No

c Are any of the plan’s amortization bases operating under an extension of time under section 412(e) (as in effect 

prior to 2008) or section 431(d) of the Code?................................................................................................................ X Yes X No

d If line c is “Yes,” provide the following additional information:

(1) Was an extension granted automatic approval under section 431(d)(1) of the Code?............................. X Yes X No

(2) If line 8d(1) is “Yes,” enter the number of years by which the amortization period was extended ............ 8d(2) 12

(3) Was an extension approved by the Internal Revenue Service under section 412(e) (as in effect prior 

to 2008) or 431(d)(2) of the Code?.......................................................................................................... X Yes X No

(4) If line 8d(3) is “Yes,” enter number of years by which the amortization period was extended (not 

including the number of years in line (2))................................................................................................. 8d(4) 12

(5) If line 8d(3) is “Yes,” enter the date of the ruling letter approving the extension ...................................... 8d(5) YYYY-MM-DD

(6) If line 8d(3) is “Yes,” is the amortization base eligible for amortization using interest rates applicable under 

section 6621(b) of the Code for years beginning after 2007? .................................................................................. X Yes X No

e If box 5h is checked or line 8c is “Yes,” enter the difference between the minimum required contribution 

for the year and the minimum that would have been required without using the shortfall method or 

extending the amortization base(s) ...............................................................................................................

8e

-123456789012345

9 Funding standard account statement for this plan year:

Charges to funding standard account:

a Prior year funding deficiency, if any .............................................................................................................. 9a -123456789012345

b Employer’s normal cost for plan year as of valuation date............................................................................. 9b -123456789012345

c Amortization charges as of valuation date: Outstanding balance

(1) All bases except funding waivers and certain bases for which the 

amortization period has been extended ............................................ 9c(1) -123456789012345 -123456789012345

(2) Funding waivers ............................................................................... 9c(2) -123456789012345 -123456789012345

(3) Certain bases for which the amortization period has been 

extended .......................................................................................... 9c(3) -123456789012345 -123456789012345

d Interest as applicable on lines 9a, 9b, and 9c................................................................................................ 9d -123456789012345

e Total charges. Add lines 9a through 9d......................................................................................................... 9e -123456789012345

0

1

11P

7.4

5

49.9

3831619

1

X

X

154263169

-783224

X

-84726

-2178215

11FP

X

51726854

0

-0.2

3.06

0

X

0

25845291

X

X

11FP

1061243

20988701

X

X

8.00

11P

8.00

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0270
Schedule MB (Form 5500) 2019 Page 4 

Credits to funding standard account:

f Prior year credit balance, if any..................................................................................................................... 9f -123456789012345

 g Employer contributions. Total from column (b) of line 3................................................................................. 9g -123456789012345

Outstanding balance

h Amortization credits as of valuation date................................................ 9h -123456789012345 -123456789012345

i Interest as applicable to end of plan year on lines 9f, 9g, and 9h .................................................................. 9i -123456789012345

j Full funding limitation (FFL) and credits:

(1) ERISA FFL (accrued liability FFL)........................................................... 9j(1) -123456789012345

(2) “RPA ‘94” override (90% current liability FFL) ......................................... 9j(2) -123456789012345

(3) FFL credit.............................................................................................................................................. 9j(3) -123456789012345

k (1) Waived funding deficiency..................................................................................................................... 9k(1) -123456789012345

(2) Other credits ......................................................................................................................................... 9k(2) -123456789012345

l Total credits. Add lines 9f through 9i, 9j(3), 9k(1), and 9k(2).......................................................................... 9l -123456789012345

m Credit balance: If line 9l is greater than line 9e, enter the difference.............................................................. 9m -123456789012345

n Funding deficiency: If line 9e is greater than line 9l, enter the difference....................................................... 9n -123456789012345

9 o Current year’s accumulated reconciliation account:

(1) Due to waived funding deficiency accumulated prior to the 2019 plan year....................................... 9o(1) -123456789012345

(2) Due to amortization bases extended and amortized using the interest rate under section 6621(b) of the Code:

(a) Reconciliation outstanding balance as of valuation date ............................................................. 9o(2)(a) -123456789012345

(b) Reconciliation amount (line 9c(3) balance minus line 9o(2)(a))................................................... 9o(2)(b) -123456789012345

(3) Total as of valuation date .................................................................................................................. 9o(3) -123456789012345

10 Contribution necessary to avoid an accumulated funding deficiency. (See instructions.)........................... 10 -123456789012345

11 Has a change been made in the actuarial assumptions for the current plan year? If “Yes,” see instructions.................. X Yes X No

14805955

36920899

925226

59070818

0

0

36920899

X

109288861

274961343

0

0

4543402

0

0

9337327

0

0

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0271
SCHEDULE C

(Form 5500)

Department of the Treasury

Internal Revenue Service

Department of Labor

Employee Benefits Security Administration

Pension Benefit Guaranty Corporation

Service Provider Information 

This schedule is required to be filed under section 104 of the Employee 

Retirement Income Security Act of 1974 (ERISA).

 File as an attachment to Form 5500.

OMB No. 1210-0110

2019

This Form is Open to Public 

Inspection.

For calendar plan year 2019 or fiscal plan year beginning and ending 

A Name of plan

ABCDEFGHI 

B Three-digit

plan number (PN)  001

C Plan sponsor’s name as shown on line 2a of Form 5500

ABCDEFGHI 

D Employer Identification Number (EIN)

012345678

Part I Service Provider Information (see instructions)

You must complete this Part, in accordance with the instructions, to report the information required for each person who received, directly or indirectly, $5,000 

or more in total compensation (i.e., money or anything else of monetary value) in connection with services rendered to the plan or the person's position with the 

plan during the plan year. If a person received only eligible indirect compensation for which the plan received the required disclosures, you are required to 

answer line 1 but are not required to include that person when completing the remainder of this Part. 

1 Information on Persons Receiving Only Eligible Indirect Compensation

a Check "Yes" or "No" to indicate whether you are excluding a person from the remainder of this Part because they received only eligible

 indirect compensation for which the plan received the required disclosures (see instructions for definitions and conditions).. . . . . . . . . . . . . . . X Yes X No

b If you answered line 1a “Yes,” enter the name and EIN or address of each person providing the required disclosures for the service providers who 

 received only eligible indirect compensation. Complete as many entries as needed (see instructions). 

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation 

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Schedule C (Form 5500) 2019

v. 190130

X

THE NORTHERN TRUST COMPANY

WAREHOUSE EMPLOYEES UNION LOCAL NO. 730 PENSION TRUST FUND

52-6124754

001

01/01/2019

BOARD OF TRUSTEES OF WAREHOUSE EMPLOYEES LOCAL NO. 730 PENSION

TRUST F

12/31/2019

36-1561860

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0272
Schedule C (Form 5500) 2019 Page 2- 1 x 

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation 

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation 

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

(b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation

1

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0273
Schedule C (Form 5500) 2019 Page 3 - 1 x

2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you 

answered “Yes” to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation 

(i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions).

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No XX Yes X No X Yes X No X 

X

X

1

379818

HARDMAN JOHNSTON GLOBAL ADVISORS

132921

PGIM REAL ESTATE

116887

22-1211670

13-3257590

65-1205077

28 51

28 51

12 13 15 36

50

ASSOCIATED ADMINISTRATORS

NONE

NONE

NONE

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0274
Schedule C (Form 5500) 2019 Page 3 - 1 x

2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you 

answered “Yes” to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation 

(i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions).

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No XX Yes X No X Yes X No X 

X

2

115335 0

INVESTMENT PERFORMANCE SERVICES

95625

ATLANTA CAPITAL MANAGMENT

95135

58-2236910

58-2432390

33-0123114

51 68 28

27 51

28 51

AMERICAN REALTY ADVISORS

X

NONE

NONE

NONE

X X

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0275
Schedule C (Form 5500) 2019 Page 3 - 1 x

2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you 

answered “Yes” to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation 

(i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions).

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X Yes X No X 

3

0 89634

CORBIN CAPITAL PARTNERS, L.P.

0

HAMILTON LANE ADVISORS, LLC

65230

23-2962336

X

30-0299433

85192

X

13-2544634

0

28 52

28 52

28 68 71 51

ROTHSCHILD ASSET MANAGEMENT

X

X

X

NONE

X

NONE

NONE

X

X

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0276
Schedule C (Form 5500) 2019 Page 3 - 1 x

2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you 

answered “Yes” to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation 

(i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions).

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No XX Yes X No X Yes X No X 

X

X

4

63355

BLACK ROCK INSTITUTIONAL TRUST CO.

56321

CHEIRON

41104

13-4215617

94-3112180

04-2929221

11 17 50

28 50 51 21

24

51 15 18 19

21 22 23 28

29 49

ACADIAN ASSET MANAGMENT

NONE

NONE

NONE

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0277
Schedule C (Form 5500) 2019 Page 3 - 1 x

2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you 

answered “Yes” to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation 

(i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions).

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No XX Yes X No X Yes X No X 

X

5

37142

PNC BANK

24589

PENN CAPITAL MANAGMENT COMPANY, INC

17222

22-2796848

25-1211909

0

23-0891050

51 28

19 68 51

29 50

MORGAN, LEWIS & BOCKIUS, LP

X

NONE

X

NONE

NONE

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0278
Schedule C (Form 5500) 2019 Page 3 - 1 x

2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you 

answered “Yes” to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation 

(i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions).

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No X Yes X No X

123456789012345

Yes X No X

(a) Enter name and EIN or address (see instructions)

(b)

Service 

Code(s)

(c)

Relationship to 

employer, employee 

organization, or 

person known to be 

a party-in-interest

(d)

Enter direct 

compensation paid 

by the plan. If none, 

enter -0-.

(e)

Did service provider 

receive indirect 

compensation? (sources 

other than plan or plan 

sponsor)

(f)

Did indirect compensation 

include eligible indirect 

compensation, for which the 

plan received the required 

disclosures?

(g)

Enter total indirect 

compensation received by 

service provider excluding 

eligible indirect 

compensation for which you 

answered “Yes” to element 

(f). If none, enter -0-.

(h) 

Did the service 

provider give you a 

formula instead of 

an amount or 

estimated amount?

ABCDEFGHI

ABCDEFGHI

ABCD

123456789012

345 Yes X No XX Yes X No X Yes X No X 

X

6

15750

THE NORTHERN TRUST COMPANY

7314

NOVAK FRANCELLA, LLC

5596

61-1436956

36-2723087

0

25-1900687

10 50

28 51 68 49

28 51

CS MCKEE, LP

X

NONE

X

NONE

NONE

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0279
Schedule C (Form 5500) 2019 Page 4 - 1 x 

Part I Service Provider Information (continued)

3. If you reported on line 2 receipt of indirect compensation, other than eligible indirect compensation, by a service provider, and the service provider is a fiduciary 

or provides contract administrator, consulting, custodial, investment advisory, investment management, broker, or recordkeeping services, answer the following 

questions for (a) each source from whom the service provider received $1,000 or more in indirect compensation and (b) each source for whom the service

provider gave you a formula used to determine the indirect compensation instead of an amount or estimated amount of the indirect compensation. Complete as 

many entries as needed to report the required information for each source.

(a) Enter service provider name as it appears on line 2 (b) Service Codes

(see instructions)

(c) Enter amount of indirect 

compensation

(d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any 

formula used to determine the service provider’s eligibility 

for or the amount of the indirect compensation.

(a) Enter service provider name as it appears on line 2 (b) Service Codes

(see instructions)

(c) Enter amount of indirect 

compensation

(d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any 

formula used to determine the service provider’s eligibility 

for or the amount of the indirect compensation.

(a) Enter service provider name as it appears on line 2 (b) Service Codes

(see instructions)

(c) Enter amount of indirect 

compensation

(d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any 

formula used to determine the service provider’s eligibility 

for or the amount of the indirect compensation.

HAMILTON LANE ADVISORS, LLC

1

89634

ZURICH NORTH AMERICA

ULLICO CASUALTY COMPANY

HAILTON LANE SECONDARY FEEDE

0

0

47-4512595

22 53

13-2988846

36-4233459

28 52

UNION INSURANCE GROUP 22 53

UNION INSURANCE GROUP

INSURANCE BROKERAGE COMMISSIONS

INSURANCE BROKERAGE COMMISSIONS

INVESTMENT MANAGEMENT FEES

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0280
Schedule C (Form 5500) 2019 Page 4 - 1 x 

Part I Service Provider Information (continued)

3. If you reported on line 2 receipt of indirect compensation, other than eligible indirect compensation, by a service provider, and the service provider is a fiduciary 

or provides contract administrator, consulting, custodial, investment advisory, investment management, broker, or recordkeeping services, answer the following 

questions for (a) each source from whom the service provider received $1,000 or more in indirect compensation and (b) each source for whom the service

provider gave you a formula used to determine the indirect compensation instead of an amount or estimated amount of the indirect compensation. Complete as 

many entries as needed to report the required information for each source.

(a) Enter service provider name as it appears on line 2 (b) Service Codes

(see instructions)

(c) Enter amount of indirect 

compensation

(d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any 

formula used to determine the service provider’s eligibility 

for or the amount of the indirect compensation.

(a) Enter service provider name as it appears on line 2 (b) Service Codes

(see instructions)

(c) Enter amount of indirect 

compensation

(d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any 

formula used to determine the service provider’s eligibility 

for or the amount of the indirect compensation.

(a) Enter service provider name as it appears on line 2 (b) Service Codes

(see instructions)

(c) Enter amount of indirect 

compensation

(d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any 

formula used to determine the service provider’s eligibility 

for or the amount of the indirect compensation.

2

CORBIN ERISA OPPORTUNITY FUN

85192

47-5071768

CORBIN CAPITAL PARTNERS, L.P. 28 52

INVESTMENT MANAGEMENT FEES

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0281
Schedule C (Form 5500) 2019 Page 5 - 1 x 

Part II Service Providers Who Fail or Refuse to Provide Information

4 Provide, to the extent possible, the following information for each service provider who failed or refused to provide the information necessary to complete 

this Schedule.

(a) Enter name and EIN or address of service provider (see 

instructions)

(b) Nature of 

Service 

Code(s)

(c) Describe the information that the service provider failed or refused to 

provide

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 

12 13

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

1234567890

(a) Enter name and EIN or address of service provider (see 

instructions)

(b) Nature of 

Service 

Code(s)

(c) Describe the information that the service provider failed or refused to 

provide

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 

12 13

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

1234567890

(a) Enter name and EIN or address of service provider (see 

instructions)

(b) Nature of 

Service 

Code(s)

(c) Describe the information that the service provider failed or refused to 

provide

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 12 

13

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

1234567890

(a) Enter name and EIN or address of service provider (see 

instructions)

(b) Nature of 

Service 

Code(s)

(c) Describe the information that the service provider failed or refused to 

provide

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 12 

13

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

1234567890

(a) Enter name and EIN or address of service provider (see 

instructions)

(b) Nature of 

Service 

Code(s)

(c) Describe the information that the service provider failed or refused to 

provide

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 12 

13

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

1234567890

(a) Enter name and EIN or address of service provider (see 

instructions)

(b) Nature of 

Service 

Code(s)

(c) Describe the information that the service provider failed or refused to 

provide

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

1234567890

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE

1

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0282
Schedule C (Form 5500) 2019 Page 6 - 1 x 

a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789

c Position: ABCDEFGHI ABCDEFGHI ABCD

d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

e Telephone: 1234567890

Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789

c Position: ABCDEFGHI ABCDEFGHI ABCD

d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

e Telephone: 1234567890

Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789

c Position: ABCDEFGHI ABCDEFGHI ABCD

d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

e Telephone: 1234567890

Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789

c Position: ABCDEFGHI ABCDEFGHI ABCD

d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

e Telephone: 1234567890

Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789

c Position: ABCDEFGHI ABCDEFGHI ABCD

d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

e Telephone: 1234567890

Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

Part III Termination Information on Accountants and Enrolled Actuaries (see instructions) 

(complete as many entries as needed)

1

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0283
SCHEDULE D

(Form 5500)

Department of the Treasury

Internal Revenue Service

Department of Labor

Employee Benefits Security Administration

DFE/Participating Plan Information 

This schedule is required to be filed under section 104 of the Employee 

Retirement Income Security Act of 1974 (ERISA).

 File as an attachment to Form 5500. 

OMB No. 1210-0110

2019

This Form is Open to Public 

Inspection.

For calendar plan year 2019 or fiscal plan year beginning and ending 

A Name of plan

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI 

B Three-digit

plan number (PN)  001

C Plan or DFE sponsor’s name as shown on line 2a of Form 5500

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

D Employer Identification Number (EIN)

012345678

Part I Information on interests in MTIAs, CCTs, PSAs, and 103-12 IEs (to be completed by plans and DFEs)

(Complete as many entries as needed to report all interests in DFEs)

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Schedule D (Form 5500) 2019 

v. 190130

HARDMAN JOHNSTON INT'L EQUITY

8419310

BLACKROCK GLOBAL ALLOC. COLL.

16485884

8666898

WAREHOUSE EMPLOYEES UNION LOCAL NO. 730 PENSION TRUST FUND

52-6124754

26-6493485-001

46-0563260-001

45-6138589-007

001

01/01/2019 12/31/2019

NT COLLECTIVE RUSSELL 1000 GIF

C

E

C

NORTHERN TRUST INVESTMENTS, INC.

HARDMAN JOHNSTON GLOBAL ADVISORS LLC

BLACKROCK INSTITUTE TRUST CO.

BOARD OF TRUSTEES OF WAREHOUSE EMPLOYEES LOCAL NO. 730 PENSION TRUST F

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0284
Schedule D (Form 5500) 2019 Page 2 - 1 x

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD

b Name of sponsor of entity listed in (a):

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI

c EIN-PN 123456789-123

d Entity 

code 1

e Dollar value of interest in MTIA, CCT, PSA, or 

103-12 IE at end of year (see instructions) -123456789012345

1

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0285
Schedule D (Form 5500) 2019 Page 3 - 1 x 6 

Part II Information on Participating Plans (to be completed by DFEs) 

(Complete as many entries as needed to report all participating plans)

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

a Plan name

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

b Name of 

plan sponsor

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI

c EIN-PN

123456789-123

1

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0286
SCHEDULE H

(Form 5500)

Department of the Treasury

Department of the Treasury

Internal Revenue Service

Department of Labor

Employee Benefits Security Administration

Pension Benefit Guaranty Corporation

Financial Information 

This schedule is required to be filed under section 104 of the Employee 

Retirement Income Security Act of 1974 (ERISA), and section 6058(a) of the 

Internal Revenue Code (the Code).

 File as an attachment to Form 5500.

OMB No. 1210-0110

2019

This Form is Open to Public 

Inspection 

For calendar plan year 2019 or fiscal plan year beginning and ending 

A Name of plan

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI 

B Three-digit

plan number (PN)  001

C Plan sponsor’s name as shown on line 2a of Form 5500

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

D Employer Identification Number (EIN)

012345678

Part I Asset and Liability Statement

1 Current value of plan assets and liabilities at the beginning and end of the plan year. Combine the value of plan assets held in more than one trust. Report 

the value of the plan’s interest in a commingled fund containing the assets of more than one plan on a line-by-line basis unless the value is reportable on 

lines 1c(9) through 1c(14). Do not enter the value of that portion of an insurance contract which guarantees, during this plan year, to pay a specific dollar 

benefit at a future date. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and 103-12 IEs do not complete lines 1b(1), 1b(2), 1c(8), 1g, 1h, 

and 1i. CCTs, PSAs, and 103-12 IEs also do not complete lines 1d and 1e. See instructions.

Assets (a) Beginning of Year (b) End of Year

a Total noninterest-bearing cash ...................................................................... 1a -123456789012345 -123456789012345

b Receivables (less allowance for doubtful accounts):

(1) Employer contributions.......................................................................... 1b(1) -123456789012345 -123456789012345

(2) Participant contributions........................................................................ 1b(2) -123456789012345 -123456789012345

(3) Other..................................................................................................... 1b(3) -123456789012345 -123456789012345

c General investments:

(1) Interest-bearing cash (include money market accounts & certificates 

of deposit)............................................................................................ 1c(1) -123456789012345 -123456789012345

(2) U.S. Government securities .................................................................. 1c(2) -123456789012345 -123456789012345

(3) Corporate debt instruments (other than employer securities):

(A) Preferred ........................................................................................ 1c(3)(A) -123456789012345 -123456789012345

(B) All other.......................................................................................... 1c(3)(B) -123456789012345 -123456789012345

(4) Corporate stocks (other than employer securities):

(A) Preferred ........................................................................................ 1c(4)(A) -123456789012345 -123456789012345

(B) Common......................................................................................... 1c(4)(B) -123456789012345 -123456789012345

(5) Partnership/joint venture interests ......................................................... 1c(5) -123456789012345 -123456789012345

(6) Real estate (other than employer real property)..................................... 1c(6) -123456789012345 -123456789012345

(7) Loans (other than to participants) .......................................................... 1c(7) -123456789012345 -123456789012345

(8) Participant loans.................................................................................... 1c(8) -123456789012345 -123456789012345

(9) Value of interest in common/collective trusts ......................................... 1c(9) -123456789012345 -123456789012345

(10) Value of interest in pooled separate accounts ....................................... 1c(10) -123456789012345 -123456789012345

(11) Value of interest in master trust investment accounts ............................ 1c(11) -123456789012345 -123456789012345

(12) Value of interest in 103-12 investment entities....................................... 1c(12) -123456789012345 -123456789012345

(13) Value of interest in registered investment companies (e.g., mutual 

 funds).................................................................................... 1c(13) -123456789012345 -123456789012345

(14) Value of funds held in insurance company general account (unallocated 

contracts).............................................................................................. 1c(14) -123456789012345 -123456789012345

(15) Other..................................................................................................... 1c(15) -123456789012345 -123456789012345

For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Schedule H (Form 5500) 2019

v. 190130

75829542

7163243

78002294

WAREHOUSE EMPLOYEES UNION LOCAL NO. 730 PENSION TRUST FUND

52-6124754

24905194

001

01/01/2019

21110554

27804

3402793

12/31/2019

5812741

6932664

9051787

8666898

303271

34941233

1472813 866740

43571348

1646727 1729331

860220 668067

378288

BOARD OF TRUSTEES OF WAREHOUSE EMPLOYEES LOCAL NO. 730 PENSION TRUST F

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0287
Schedule H (Form 5500) 2019 Page 2

 

(5) Unrealized appreciation (depreciation) of assets: (A) Real estate...................... 2b(5)(A) -123456789012345

(B) Other .............................................................................................. 2b(5)(B) -123456789012345

(C) Total unrealized appreciation of assets. 

Add lines 2b(5)(A) and (B).............................................................. 2b(5)(C) -123456789012345

1d Employer-related investments: (a) Beginning of Year (b) End of Year

(1) Employer securities ................................................................................. 1d(1) -123456789012345 -123456789012345

(2) Employer real property ............................................................................ 1d(2) -123456789012345 -123456789012345

1e Buildings and other property used in plan operation ...................................... 1e -123456789012345 -123456789012345

1f Total assets (add all amounts in lines 1a through 1e) .................................... 1f -123456789012345 -123456789012345

Liabilities

1g Benefit claims payable................................................................................... 1g -123456789012345 -123456789012345

1h Operating payables ....................................................................................... 1h -123456789012345 -123456789012345

1i Acquisition indebtedness ............................................................................... 1i -123456789012345 -123456789012345

1j Other liabilities............................................................................................... 1j -123456789012345 -123456789012345

1k Total liabilities (add all amounts in lines 1g through1j) ................................... 1k -123456789012345 -123456789012345

Net Assets

1l Net assets (subtract line 1k from line 1f)........................................................ 1l -123456789012345 -123456789012345

Part II Income and Expense Statement

2 Plan income, expenses, and changes in net assets for the year. Include all income and expenses of the plan, including any trust(s) or separately maintained 

fund(s) and any payments/receipts to/from insurance carriers. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and 103-12 IEs do not 

complete lines 2a, 2b(1)(E), 2e, 2f, and 2g.

Income (a) Amount (b) Total

a Contributions:

(1) Received or receivable in cash from: (A) Employers................................ 2a(1)(A) -123456789012345

(B) Participants...................................................................................... 2a(1)(B) -123456789012345

(C) Others (including rollovers).............................................................. 2a(1)(C) -123456789012345

(2) Noncash contributions ............................................................................. 2a(2) -123456789012345

(3) Total contributions. Add lines 2a(1)(A), (B), (C), and line 2a(2)................ 2a(3) -123456789012345

b Earnings on investments:

(1) Interest:

(A) Interest-bearing cash (including money market accounts and 

certificates of deposit)...................................................................... 2b(1)(A) -123456789012345

(B) U.S. Government securities ............................................................. 2b(1)(B) -123456789012345

(C) Corporate debt instruments.............................................................. 2b(1)(C) -123456789012345

(D) Loans (other than to participants)..................................................... 2b(1)(D) -123456789012345

(E) Participant loans .............................................................................. 2b(1)(E) -123456789012345

(F) Other ............................................................................................... 2b(1)(F) -123456789012345

(G) Total interest. Add lines 2b(1)(A) through (F)................................... 2b(1)(G) -123456789012345

(2) Dividends: (A) Preferred stock................................................................. 2b(2)(A) -123456789012345

(B) Common stock................................................................................. 2b(2)(B) -123456789012345

(C) Registered investment company shares (e.g. mutual funds)............ 2b(2)(C)

(D) Total dividends. Add lines 2b(2)(A), (B), and (C) 2b(2)(D) -123456789012345

(3) Rents....................................................................................................... 2b(3) -123456789012345

(4) Net gain (loss) on sale of assets: (A) Aggregate proceeds...................... 2b(4)(A) -123456789012345

(B) Aggregate carrying amount (see instructions).................................. 2b(4)(B) -123456789012345

(C) Subtract line 2b(4)(B) from line 2b(4)(A) and enter result ................ 2b(4)(C) -123456789012345

1836125

11204812

20220

1659746

167928677

55919420

159414875

3879728

622188

3879728

145761

159289655 167635979

125220

59977592

103835

146937

125220 292698

52324

11204812

622188

4058172

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0288
Schedule H (Form 5500) 2019 Page 3

(a) Amount (b) Total

(6) Net investment gain (loss) from common/collective trusts ......................... 2b(6) -123456789012345

(7) Net investment gain (loss) from pooled separate accounts ....................... 2b(7) -123456789012345

(8) Net investment gain (loss) from master trust investment accounts............ 2b(8) -123456789012345

(9) Net investment gain (loss) from 103-12 investment entities ...................... 2b(9) -123456789012345

(10) Net investment gain (loss) from registered investment 

companies (e.g., mutual funds)................................................................. 2b(10) -123456789012345

 c Other income.................................................................................................. 2c -123456789012345

 d Total income. Add all income amounts in column (b) and enter total..................... 2d -123456789012345

Expenses

 e Benefit payment and payments to provide benefits:

(1) Directly to participants or beneficiaries, including direct rollovers.............. 2e(1) -123456789012345

(2) To insurance carriers for the provision of benefits..................................... 2e(2) -123456789012345

(3) Other........................................................................................................ 2e(3) -123456789012345

(4) Total benefit payments. Add lines 2e(1) through (3).................................. 2e(4) -123456789012345

 f Corrective distributions (see instructions) ....................................................... 2f -123456789012345

 g Certain deemed distributions of participant loans (see instructions)................ 2g -123456789012345

 h Interest expense............................................................................................. 2h -123456789012345

 i Administrative expenses: (1) Professional fees.............................................. 2i(1) -123456789012345

(2) Contract administrator fees....................................................................... 2i(2) -123456789012345

(3) Investment advisory and management fees.............................................. 2i(3) -123456789012345

(4) Other........................................................................................................ 2i(4) -123456789012345

(5) Total administrative expenses. Add lines 2i(1) through (4)........................ 2i(5) -123456789012345

 j Total expenses. Add all expense amounts in column (b) and enter total ........ 2j -123456789012345

Net Income and Reconciliation

 k Net income (loss). Subtract line 2j from line 2d ........................................................... 2k -123456789012345

 l Transfers of assets:

(1) To this plan............................................................................................... 2l(1) -123456789012345

(2) From this plan........................................................................................... 2l(2) -123456789012345

Part III Accountant’s Opinion

3 Complete lines 3a through 3c if the opinion of an independent qualified public accountant is attached to this Form 5500. Complete line 3d if an opinion is not 

attached.

a The attached opinion of an independent qualified public accountant for this plan is (see instructions):

(1) X Unmodified (2) X Qualified (3) X Disclaimer (4) X Adverse

b Did the accountant perform a limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)? X Yes X No

c Enter the name and EIN of the accountant (or accounting firm) below:

(1) Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD (2) EIN: 123456789

d The opinion of an independent qualified public accountant is not attached because:

(1) X This form is filed for a CCT, PSA, or MTIA. (2) X It will be attached to the next Form 5500 pursuant to 29 CFR 2520.104-50. 

Part IV Compliance Questions

4 CCTs and PSAs do not complete Part IV. MTIAs, 103-12 IEs, and GIAs do not complete lines 4a, 4e, 4f, 4g, 4h, 4k, 4m, 4n, or 5. 

103-12 IEs also do not complete lines 4j and 4l. MTIAs also do not complete line 4l.

During the plan year: Yes No Amount

a Was there a failure to transmit to the plan any participant contributions within the time 

period described in 29 CFR 2510.3-102? Continue to answer “Yes” for any prior year failures until 

fully corrected. (See instructions and DOL’s Voluntary Fiduciary Correction Program.).................... 4a

b Were any loans by the plan or fixed income obligations due the plan in default as of the 

close of the plan year or classified during the year as uncollectible? Disregard participant loans 

secured by participant’s account balance. (Attach Schedule G (Form 5500) Part I if “Yes” is 

checked.) ........................................................................................................................................ 4b X

22154197

20567862

116887

30500521

6088320

116345

1586335

518901

X

X

122147

1230956

NOVAK FRANCELLA, LLC 61-1436956

20567862

X

2292275

8346324

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0289
Schedule H (Form 5500) 2019 Page 4- 1 x 

Yes No Amount

c Were any leases to which the plan was a party in default or classified during the year as 

uncollectible? (Attach Schedule G (Form 5500) Part II if “Yes” is checked.) ...................................... 4c -123456789012345

d Were there any nonexempt transactions with any party-in-interest? (Do not include transactions 

reported on line 4a. Attach Schedule G (Form 5500) Part III if “Yes” is 

checked.)........................................................................................................................................... 4d -123456789012345

e Was this plan covered by a fidelity bond? .......................................................................................... 4e -123456789012345

f Did the plan have a loss, whether or not reimbursed by the plan’s fidelity bond, that was caused by 

fraud or dishonesty? ......................................................................................................................... 4f -123456789012345

g Did the plan hold any assets whose current value was neither readily determinable on an 

established market nor set by an independent third party appraiser?................................................. 4g -123456789012345

h Did the plan receive any noncash contributions whose value was neither readily 

determinable on an established market nor set by an independent third party appraiser?.................. 4h -123456789012345

i Did the plan have assets held for investment? (Attach schedule(s) of assets if “Yes” is checked, and 

see instructions for format requirements.).......................................................................................... 4i

j Were any plan transactions or series of transactions in excess of 5% of the current 

value of plan assets? (Attach schedule of transactions if “Yes” is checked, and 

see instructions for format requirements.).......................................................................................... 4j

k Were all the plan assets either distributed to participants or beneficiaries, transferred to another 

plan, or brought under the control of the PBGC? ............................................................................... 4k

l Has the plan failed to provide any benefit when due under the plan?................................................. 4l -123456789012345

m If this is an individual account plan, was there a blackout period? (See instructions and 29 CFR 

2520.101-3.)...................................................................................................................................... 4m

n If 4m was answered “Yes,” check the “Yes” box if you either provided the required notice or one of 

the exceptions to providing the notice applied under 29 CFR 2520.101-3.......................................... 4n

5a Has a resolution to terminate the plan been adopted during the plan year or any prior plan year?........ X Yes X No 

If “Yes,” enter the amount of any plan assets that reverted to the employer this year ____________________________________.

5b If, during this plan year, any assets or liabilities were transferred from this plan to another plan(s), identify the plan(s) to which assets or liabilities were 

transferred. (See instructions.)

 5b(1) Name of plan(s) 5b(2) EIN(s) 5b(3) PN(s)

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

123456789 123

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

123456789 123

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

123456789 123

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI

123456789 123

5c If the plan is a defined benefit plan, is it covered under the PBGC insurance program (See ERISA section 4021.)? ...... X Yes X No X Not determined 

 If “Yes” is checked, enter the My PAA confirmation number from the PBGC premium filing for this plan year________________________. (See instructions.)

1

500000

111574386

X

4248992

X

X

X

X

X

X

X

X

X

X

X

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0290
SCHEDULE R

(Form 5500)

Department of the Treasury

Internal Revenue Service

Department of Labor

Employee Benefits Security Administration

Pension Benefit Guaranty Corporation

Retirement Plan Information 

This schedule is required to be filed under sections 104 and 4065 of the 

Employee Retirement Income Security Act of 1974 (ERISA) and section 

6058(a) of the Internal Revenue Code (the Code).

 File as an attachment to Form 5500.

OMB No. 1210-0110

2019

This Form is Open to Public 

Inspection.

For calendar plan year 2019 or fiscal plan year beginning and ending 

A Name of plan

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI ABCDEFGHI 

B Three-digit

plan number 

(PN)  001

C Plan sponsor’s name as shown on line 2a of Form 5500

ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 

ABCDEFGHI 

D Employer Identification Number (EIN)

012345678

Part I Distributions

1 Total value of distributions paid in property other than in cash or the forms of property specified in the 

instructions ........................................................................................................................................................... 1 -123456789012345

Part II Funding Information (If the plan is not subject to the minimum funding requirements of section 412 of the Internal Revenue Code or 

ERISA section 302, skip this Part.)

If you completed line 5, complete lines 3, 9, and 10 of Schedule MB and do not complete the remainder of this schedule.

If you completed line 6c, skip lines 8 and 9.

7 Will the minimum funding amount reported on line 6c be met by the funding deadline?........................................... X Yes X No X N/A 

8 If a change in actuarial cost method was made for this plan year pursuant to a revenue procedure or other 

authority providing automatic approval for the change or a class ruling letter, does the plan sponsor or plan 

administrator agree with the change? ....................................................................................................................

 

X Yes X No X N/A 

Part III Amendments

9 If this is a defined benefit pension plan, were any amendments adopted during this plan 

year that increased or decreased the value of benefits? If yes, check the appropriate 

box. If no, check the “No” box............................................................................................. X Increase X Decrease X Both X No

Part IV ESOPs (see instructions). If this is not a plan described under section 409(a) or 4975(e)(7) of the Internal Revenue Code, skip this Part.

10 Were unallocated employer securities or proceeds from the sale of unallocated securities used to repay any exempt loan? ................ X Yes X No 

11 a Does the ESOP hold any preferred stock?................................................................................................................................. X Yes X No

b If the ESOP has an outstanding exempt loan with the employer as lender, is such loan part of a “back-to-back” loan? 

(See instructions for definition of “back-to-back” loan.)............................................................................................................... X Yes X No

12 Does the ESOP hold any stock that is not readily tradable on an established securities market?....................................................... X Yes X No

For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Schedule R (Form 5500) 2019

v. 190130

All references to distributions relate only to payments of benefits during the plan year.

2 Enter the EIN(s) of payor(s) who paid benefits on behalf of the plan to participants or beneficiaries during the year (if more than two, enter EINs of the two 

payors who paid the greatest dollar amounts of benefits):

EIN(s): _______________________________ _______________________________ 

Profit-sharing plans, ESOPs, and stock bonus plans, skip line 3.

3 Number of participants (living or deceased) whose benefits were distributed in a single sum, during the plan 

year ...................................................................................................................................................................... 3 

12345678

4 Is the plan administrator making an election under Code section 412(d)(2) or ERISA section 302(d)(2)? .......................... X Yes X No X N/A 

If the plan is a defined benefit plan, go to line 8.

5 If a waiver of the minimum funding standard for a prior year is being amortized in this 

plan year, see instructions and enter the date of the ruling letter granting the waiver. Date: Month _________ Day _________ Year _________

6 a Enter the minimum required contribution for this plan year (include any prior year accumulated funding 

deficiency not waived).................................................................................................................................... 6a -123456789012345

 b Enter the amount contributed by the employer to the plan for this plan year.................................................... 6b -123456789012345

 c Subtract the amount in line 6b from the amount in line 6a. Enter the result 

 (enter a minus sign to the left of a negative amount) ....................................................................................... 6c -123456789012345

52-4124754

X

WAREHOUSE EMPLOYEES UNION LOCAL NO. 730 PENSION TRUST FUND

52-6124754

001

01/01/2019

0

12/31/2019

X

X

BOARD OF TRUSTEES OF WAREHOUSE EMPLOYEES LOCAL NO. 730 PENSION TRUST F

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0291
 Schedule R (Form 5500) 2019 Page 2 - 1- x

Part V Additional Information for Multiemployer Defined Benefit Pension Plans

13 Enter the following information for each employer that contributed more than 5% of total contributions to the plan during the plan year (measured in 

dollars). See instructions. Complete as many entries as needed to report all applicable employers.

a Name of contributing employer 

b EIN c Dollar amount contributed by employer 

d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X 

and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month _______ Day _______ Year _______

e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, 

complete lines 13e(1) and 13e(2).)

(1) Contribution rate (in dollars and cents) _____________

(2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): 

a Name of contributing employer 

b EIN c Dollar amount contributed by employer

d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X 

and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month _______ Day _______ Year _______

e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, 

complete lines 13e(1) and 13e(2).)

(1) Contribution rate (in dollars and cents) _____________

(2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): _______________________________

a Name of contributing employer 

b EIN c Dollar amount contributed by employer

d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X 

and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month _______ Day _______ Year _______

e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, 

complete lines 13e(1) and 13e(2).)

(1) Contribution rate (in dollars and cents) _____________

(2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): _______________________________

a Name of contributing employer

b EIN c Dollar amount contributed by employer

d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X 

and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month _______ Day _______ Year _______

e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, 

complete lines 13e(1) and 13e(2).)

(1) Contribution rate (in dollars and cents) _____________

(2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): _______________________________

a Name of contributing employer

b EIN c Dollar amount contributed by employer

d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X 

and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month _______ Day _______ Year _______

e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, 

complete lines 13e(1) and 13e(2).)

(1) Contribution rate (in dollars and cents) _____________

(2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): _______________________________

a Name of contributing employer

b EIN c Dollar amount contributed by employer

d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X 

and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month _______ Day _______ Year _______

e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, 

complete lines 13e(1) and 13e(2).)

(1) Contribution rate (in dollars and cents) _____________

(2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): _______________________________

1

07

05

2021

3355730

449968

X

17

15

X

X

4.23

7.24

EIGHT O'CLOCK COFFEE

GIANT FOOD LLC

2027

X

52-2179343

32-0094230

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0292
Schedule R (Form 5500) 2019 Page 3

14 Enter the number of participants on whose behalf no contributions were made by an employer as an employer 

of the participant for:

a The current year................................................................................................................................................

123456789012345

14a

b The plan year immediately preceding the current plan year.............................................................................. 14b 123456789012345

c The second preceding plan year ...................................................................................................................... 14c 123456789012345

15 Enter the ratio of the number of participants under the plan on whose behalf no employer had an obligation to make an 

employer contribution during the current plan year to:

a The corresponding number for the plan year immediately preceding the current plan year............................... 15a 123456789012345

b The corresponding number for the second preceding plan year ....................................................................... 15b 123456789012345

16 Information with respect to any employers who withdrew from the plan during the preceding plan year:

a Enter the number of employers who withdrew during the preceding plan year ............................................... 16a 123456789012345

 b If line 16a is greater than 0, enter the aggregate amount of withdrawal liability assessed or estimated to be 

assessed against such withdrawn employers................................................................................................... 16b 123456789012345

17 If assets and liabilities from another plan have been transferred to or merged with this plan during the plan year, check box and see instructions regarding 

supplemental information to be included as an attachment. ....................................................................................................................... X

Part VI Additional Information for Single-Employer and Multiemployer Defined Benefit Pension Plans

18 If any liabilities to participants or their beneficiaries under the plan as of the end of the plan year consist (in whole or in part) of liabilities to such participants 

and beneficiaries under two or more pension plans as of immediately before such plan year, check box and see instructions regarding supplemental 

information to be included as an attachment .......................................................................................................................................................................X

19 If the total number of participants is 1,000 or more, complete lines (a) through (c)

a Enter the percentage of plan assets held as: 

Stock: _____% Investment-Grade Debt: _____% High-Yield Debt: _____% Real Estate: _____% Other: _____%

b Provide the average duration of the combined investment-grade and high-yield debt: 

X 0-3 years X 3-6 years X 6-9 years X 9-12 years X 12-15 years X 15-18 years X 18-21 years X 21 years or more 

c What duration measure was used to calculate line 19(b)?

X Effective duration X Macaulay duration X Modified duration X Other (specify):

20 PBGC missed contribution reporting requirements. If this is a multiemployer plan or a single-employer plan that is not covered by PBGC, skip line 20.

 a Is the amount of unpaid minimum required contributions for all years from Schedule SB (Form 5500) line 40 greater than zero? Yes No

b If line 20a is “Yes,” has PBGC been notified as required by ERISA sections 4043(c)(5) and/or 303(k)(4)? Check the applicable box:

Yes.

_ No. Reporting was waived under 29 CFR 4043.25(c)(2) because contributions equal to or exceeding the unpaid minimum required contribution 

were made by the 30th day after the due date.

_ No. The 30-day period referenced in 29 CFR 4043.25(c)(2) has not yet ended, and the sponsor intends to make a contribution equal to or 

exceeding the unpaid minimum required contribution by the 30th day after the due date.

_ No. Other. Provide explanation__________________________________________________________________________________________

25.9

X

7.6 7.3

X

48.3 10.9

X

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0293
WAREHOUSE EMPLOYEES LOCAL NO. 730

PENSION TRUST FUND

FINANCIAL STATEMENTS

DECEMBER 31, 2019

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0294
WAREHOUSE EMPLOYEES UNION LOCAL NO. 730

PENSION TRUST FUND

FINANCIAL STATEMENTS WITH SUPPLEMENTAL INFORMATION

DECEMBER 31, 2019 AND 2018

CONTENTS

PAGE

Independent Auditor’s Report 1

Statements of Net Assets Available for Benefits 3

Statements of Changes in Net Assets Available for Benefits 4

Notes to Financial Statements 5

Supplemental Information

Schedules of Administrative Expenses 15

Schedule of Assets Held at End of Year 16

Schedule of Reportable Transactions 23

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0295
INDEPENDENT AUDITOR’S REPORT

To the Board of Trustees of 

Warehouse Employees Union Local No. 730

Pension Trust Fund

We have audited the accompanying financial statements of the Warehouse Employees Union 

Local No. 730 Pension Trust Fund (the Plan), which comprise the statements of net assets 

available for benefits as of December 31, 2019 and 2018, and the related statements of changes 

in net assets available for benefits for the years then ended, and the related notes to the financial 

statements.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements 

in accordance with accounting principles generally accepted in the United States of America; this 

includes the design, implementation, and maintenance of internal control relevant to the 

preparation and fair presentation of financial statements that are free from material misstatement, 

whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We 

conducted our audits in accordance with auditing standards generally accepted in the United 

States of America. Those standards require that we plan and perform the audit to obtain 

reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and 

disclosures in the financial statements. The procedures selected depend on the auditor’s

judgment, including the assessment of the risks of material misstatement of the financial 

statements, whether due to fraud or error. In making those risk assessments, the auditor 

considers internal control relevant to the Plan’s preparation and fair presentation of the financial 

statements in order to design audit procedures that are appropriate in the circumstances, but not 

for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control. 

Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness 

of accounting policies used and the reasonableness of significant accounting estimates made by 

management, as well as evaluating the overall presentation of the financial statements.

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0296
- 2 -

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a 

basis for our audit opinion.

Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, 

information regarding the Plan’s net assets available for benefits as of December 31, 2019, and 

changes therein for the year then ended and its financial status as of December 31, 2018, and 

changes therein for the year then ended, in accordance with accounting principles generally 

accepted in the United States of America.

Report on Supplemental Information

Our audits were conducted for the purpose of forming an opinion on the financial statements as a 

whole. The supplemental Schedules of Administrative Expenses, Schedule of Assets Held at 

End of Year, and Schedule of Reportable Transactions, together referred to as “supplemental 

information,” are presented for the purpose of additional analysis and are not a required part of 

the financial statements. The supplemental Schedule of Assets Held at End of Year and the 

Schedule of Reportable Transactions represent supplemental information required by the 

Department of Labor’ Rules and Regulations for Reporting and Disclosure under the Employee 

Retirement Income Security Act of 1974, as amended. Supplemental information is the 

responsibility of the Plan's management and was derived from and relates directly to the 

underlying accounting and other records used to prepare the financial statements. The 

information has been subjected to the auditing procedures applied in the audits of the financial 

statements and certain additional procedures, including comparing and reconciling such 

information directly to the underlying accounting and other records used to prepare the financial 

statements or to the financial statements themselves, and other additional procedures in 

accordance with auditing standards generally accepted in the United States of America. In our 

opinion, the information is fairly stated in all material respects in relation to the financial 

statements as a whole.

Columbia, Maryland

September 28, 2020

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0297
2019 2018

Investments - at fair value

Common stock $ 43,571,348 $ 34,941,233

Corporate obligations 866,740 1,472,813

United States Government and

Government Agency obligations 668,067 860,220

Foreign government obligations - 27,804

Certificates of deposit 154,147 220,514

Limited partnerships 78,002,294 75,829,542

Common collective trusts 24,905,194 21,110,554

Direct filing entity 8,666,898 6,932,664

Short-term investments 3,248,646 6,942,729

 160,083,334 148,338,073

Receivables

Employer contributions 303,271 378,288

Withdrawal liability 5,725,421 5,993,382

Accrued interest and dividends 60,372 74,708

Due from broker - investments sold - 2,956,390

Other 1,802 5,639

 6,090,866 9,408,407

Prepaid expenses 25,146 21,668

Cash 1,729,331 1,646,727

Total assets 167,928,677 159,414,875

Liabilities and Net Assets

Liabilities

Accounts payable 146,937 125,220

Due to broker - investments purchased 145,761 -

Total liabilities 292,698 125,220

Net assets available for benefits $ 167,635,979 $ 159,289,655

Assets

Warehouse Employees Union Local No. 730

Pension Trust Fund

Statements of Net Assets Available for Benefits

December 31, 2019 and 2018

See accompanying notes to financial statements.

- 3 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0298
2019 2018

Additions

Investment income

Net appreciation (depreciation) in fair value 

of investments $ 23,643,579 $ (2,408,405)

Interest and dividends 2,458,313 2,855,139

Other 122,188 461,998

 26,224,080 908,732

Less investment expenses (1,230,956) (1,300,994)

Investment income (loss) - net 24,993,124 (392,262)

Employer contributions 3,879,728 3,759,761

Withdrawal liability income - 1,700,000

Withdrawal liability interest 395,713 412,972

Other income 1,000 1,000

 Total additions 29,269,565 5,481,471

Deductions

Benefits paid 20,567,862 19,391,415

Administrative expenses 355,379 316,151

 Total deductions 20,923,241 19,707,566

Net increase (decrease) 8,346,324 (14,226,095)

Net assets available for benefits

Beginning of year 159,289,655 173,515,750

End of year $ 167,635,979 $ 159,289,655

Warehouse Employees Union Local No. 730

Pension Trust Fund

Statements of Changes in Net Assets Available for Benefits

Years Ended December 31, 2019 and 2018

See accompanying notes to financial statements.

- 4 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0299
- 5 -

WAREHOUSE EMPLOYEES UNION LOCAL NO. 730

PENSION TRUST FUND

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2019 AND 2018

NOTE 1. DESCRIPTION OF THE PLAN

The following brief description of the Warehouse Employees Union Local No. 730 Pension

Trust Fund (the Plan) is provided for general information purposes only. Participants should 

refer to the Summary Plan Description for more complete information.

The Plan was established on August 15, 1965 and restated effective January 1, 2002 by an 

Agreement and Declaration of Trust. The Plan is maintained pursuant to collective bargaining 

agreements between certain employers in the Washington, D.C. area and the Warehouse 

Employees’ Union Local No. 730 (the Union). The Plan provides normal, early, and disability 

pension benefits to eligible participants. The Plan also provides survivor benefits to the 

beneficiaries of deceased eligible participants. The Plan is financed entirely by employer 

contributions as specified in the collective bargaining agreements. The Plan is a multiemployer 

defined benefit pension plan and is subject to the Employee Retirement Income Security Act of 

1974 (ERISA), as amended.

Under current provisions of the Plan, an employee is generally eligible for a normal pension if he 

has attained age 60 and has been employed for at least 5 years in a bargaining unit which has a 

contract with the Union. The amount of the benefit is dependent upon the rate of contributions 

agreed to and made by the particular employer. Effective January 1, 1999, vesting of benefits is 

attained for participants who have 5 years or more vesting service. A year of vesting service is 

credited for each year the participant is employed for at least 870 hours for which contributions 

are paid to the Pension Fund.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting - The financial statements have been prepared using the accrual basis of 

accounting.

Investment Valuation and Income Recognition - Investments in common stock are carried at 

fair value which generally represents quoted market prices. Certain United States Government 

and Government Agency obligations are carried at fair value as of the last business day of the 

Plan’s year as reported by the investment manager or as provided by the custodial bank based on 

valuations maximizing the use of observable inputs for similar securities with similar credit 

ratings. The investment in corporate obligations, certificates of deposit, foreign government 

obligations and certain United States Government and Government Agency obligations are 

carried at estimated fair value as reported by the investment manager or as provided by the 

custodial bank based on valuations maximizing the use of observable inputs for similar securities 

with similar securities with similar credit ratings. The limited partnerships are valued at market 

value on the last business day for the year, as established by the partnerships. The common 

collective trusts are valued at market value on the last business day for the year, as established by 

the trust. The direct filing entity is valued at market value on the last business day for the year, 

as established by the entity. The short-term investments are carried at cost which approximates 

fair value.

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0300
- 6 -

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded 

on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation 

(depreciation) includes the Plan’s gains and losses on investments bought and sold as well as 

held during the year.

Funding Policy and Revenue Recognition - Contributions to the Plan are made by participating 

employers as specified in the collective bargaining agreements. Employer contributions are 

accounted for as exchange transactions. The contributions are due on a monthly basis. The 

funding policy is to contribute an amount sufficient to meet the minimum funding requirements 

of ERISA and the Internal Revenue Code. The actuary reported that the Plan met minimum 

funding standards as of December 31, 2019 and 2018. The actuary also determines whether 

additional contributions are necessary to avoid funding-based benefit restrictions under Section 

436 of the Internal Revenue Code.

During the year ended December 31, 2019, the Plan received eighty percent (80%) of its employer 

contributions from one employer. 

Employer contributions receivable are accrued based on an analysis of subsequent employer 

reports and remittances.

Actuarial Present Value of Accumulated Plan Benefits - Accumulated plan benefits are those 

future periodic payments, including lump-sum distributions that are attributable under the Plan’s 

provisions to the service which employees have rendered. Accumulated plan benefits include 

benefits expected to be paid to (a) retired or terminated employees or their beneficiaries, (b) 

beneficiaries of employees who have died, and (c) present employees or their beneficiaries.

Payment of Benefits - Benefits to participants are recognized upon distribution.

Use of Estimates - The preparation of financial statements in conformity with U.S. generally 

accepted accounting principles requires the use of estimates and assumptions that affect the 

reported amounts of assets, liabilities and changes therein and the disclosure of contingent assets 

and liabilities at the date of the financial statements. Actual results could differ from those 

estimates.

NOTE 3. TAX STATUS

The Plan obtained its latest determination letter dated March 23, 2016, in which the Internal

Revenue Service (IRS) stated that the Plan was in compliance with the applicable requirements

of the Internal Revenue Code (IRC). The IRS has ruled that the Plan is exempt from Federal

income taxes pursuant to the IRC Sections 401(a) and 501(a).

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0301
- 7 -

NOTE 3. TAX STATUS (continued)

Accounting principles generally accepted in the United States of America require Plan 

management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan 

has taken an uncertain position that, more likely than not, would not be sustained upon 

examination by the U.S. Federal, state, or local taxing authorities. The Plan is subject to routine 

audits by taxing jurisdictions; however, there are currently no audits for any tax periods in 

progress. Typically, plan tax years will remain open for three years; however, this may differ 

depending upon the circumstances of the Plan.

NOTE 4. PRIORITIES UPON TERMINATION

It is the intent of the Trustees to continue the Plan in full force and effect; however, the right to 

discontinue the Plan is reserved to the Trustees. Termination shall not permit any part of the Plan 

assets to be used for or diverted to purposes other than the exclusive benefit of the pensioners, 

beneficiaries, and participants. In the event of termination, the net assets of the Plan will be 

allocated to pay benefits in priorities as prescribed by ERISA and its related regulations. Whether 

or not a participant will receive full benefits should the Plan terminate at some future time will 

depend on the sufficiency of the Plan’s net assets at that time and the priority of those benefits.

In addition, certain benefits under the Plan are insured by the Pension Benefit Guaranty 

Corporation (PBGC) if the Plan terminates. Generally, the PBGC guarantees most vested 

normal age retirement benefits, early retirement benefits, and certain disability and survivors 

pensions. The PBGC does not guarantee all types of benefits and the amount of any individual 

participant’s benefit protection is subject to certain limitations, particularly with respect to 

benefit increases as a result of plan amendments in effect for less than five years. Some benefits 

may be fully or partially provided for while other benefits may not be provided at all.

NOTE 5. ACTUARIAL INFORMATION

Actuarial valuations of the Plan were made by the consulting actuary as of January 1, 2019. 

Information in the reports included the following:

January 1, 2019

Actuarial present value of accumulated plan benefits:

Vested benefits

Participants and beneficiaries

currently receiving benefits $ 151,637,525

Other vested benefits 121,225,618

Total vested benefits 272,863,143

Non-vested benefits 2,378,946

Present value of expected administrative expenses 4,597,691

Total actuarial present value of accumulated

plan benefits 

$ 279,839,780

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0302
- 8 -

NOTE 5. ACTUARIAL INFORMATION (continued)

As reported by the actuary, the changes in the present value of accumulated plan benefits for the 

year ended January 1, 2019 were as follows:

Actuarial present value of accumulated plan

benefits at beginning of year $ 274,037,389

Increase during the year attributable to:

Benefits accumulated 1,163,200

Experience (gains) (1,822,398)

Increase for interest 21,255,313

Benefit paid (19,391,415)

Net increase 1,204,700

Actuarial present value of accumulated plan

benefits at end of year (w/o administrative expenses) 275,242,089

Present value of expected administrative expenses 4,597,691

Actuarial present value of accumulated plan

benefits at end of year (w/ administrative expenses) $ 279,839,780

The present value of administrative expenses is equal to 1.67% of the accrued liability. The 

amount is an estimate.

The above actuarial valuations were made using the entry age normal actuarial cost method.

Some of the more significant actuarial assumptions used in the valuations were:

Rates of Investment Return - 8% for funding and disclosure purposes for

2019. 3.06% for determining RPA ’94 Current Liability for 2019.

Rates of Mortality - RP 2000 Mortality Table with blue collar adjustment and 

generational mortality improvements. For Current Liability purposes, the 2019 Static 

Mortality Tables as prescribed under IRS Regulations.

Administrative Expenses - $353,198 payable at the beginning of 2019. 

Rates of Turnover - Double the combination of Sarason’s Advanced Pension Tables 

for 2019. The rates vary with age.

Rates of Retirement - Rates vary with age and years of service. 50% for ages 51-59 

with 30 years of service and 10% for over 30 years of service for 2019. 2019 assumes

100% retirement at age 60 and over.

Rates of Disability - None assumed for 2019.

Marriage Rates - 80% for both male and females. Males are assumed to be 3

years older than spouse.

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0303
- 9 -

NOTE 5. ACTUARIAL INFORMATION (continued)

The above actuarial assumptions are based on the presumption that the Plan will continue. Were

the Plan to terminate, different actuarial assumptions and other factors might be applicable in

determining actuarial results. Pension benefits in excess of the present assets of the Plan are

dependent upon contributions received under collective bargaining agreements with employers

and income from investments.

Since information on the accumulated plan benefits at December 31, 2019 and the changes

therein for the year then ended are not included above, these financial statements do not purport

to present a complete presentation of the financial status of the Plan as of December 31, 2019

and the changes in its financial status for the year then ended, but only a presentation of the net

assets available for benefits and the changes therein as of and for the year ended December 31, 

2019. The complete financial status of the Plan is presented as of December 31, 2018.

As of January 1, 2019 and 2018, the actuary reported that the Plan was in critical and declining 

status as identified under the Pension Protection Act of 2006 (PPA). The Plan is projected to be 

insolvent within the next 12 years. The Trustees adopted a Rehabilitation Plan (RP) on March 3, 

2020. The RP described the actions to be taken by the Plan’s Trustees, and the benefit and 

contribution changes to be bargained by the bargaining parties, to achieve a timely emergence 

from critical status within the rehabilitation period required by law. As permitted by Section 205 

of the Worker Retiree Employer and Recovery Act of 2008, the Trustees elected to extend the 

Plan's rehabilitation period by three additional years.

The Plan is required to update the RP annually. If the Trustees determine that modifications are 

necessary, they will revise the RP and the benefit contribution schedules recommended under the 

RP. 

NOTE 6. FAIR VALUE MEASUREMENTS

The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs 

to valuation techniques used to measure fair value. The hierarchy gives the highest priority to 

unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the 

lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are 

described as follows: 

Basis of Fair Value Measurement:

Level 1 - Inputs to the valuation methodology are unadjusted quoted prices for 

identical assets or liabilities in active markets that the Plan has the ability to 

access.

Level 2 - Inputs to the valuation methodology include: quoted prices for 

similar assets or liabilities in active markets; quoted prices for identical or 

similar assets or liabilities in inactive markets; inputs other than quoted prices 

that are observable for the asset or liability; inputs that are derived principally

from or corroborated by observable market data by correlation or other means. 

If the asset or liability has a specified (contractual) term, the level 2 input 

must be observable for substantially the full term of the asset or liability.

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0304
- 10 -

NOTE 6. FAIR VALUE MEASUREMENTS (continued)

Level 3 - Inputs to the valuation methodology are unobservable and 

significant to the fair value measurement. 

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on 

the lowest level of any input that is significant to the fair value measurement. Valuation 

techniques maximize the use of relevant observable inputs and minimize the use of unobservable 

inputs.

The availability of observable market data is monitored to assess the appropriate classification of 

financial instruments within the fair value hierarchy. Changes in economic conditions or modelbased valuation techniques may require the transfer of financial instruments from one fair value 

level to another. In such instances, the transfer is reported at the beginning of the reporting 

period. For the years ended December 31, 2019 and 2018, there were no transfers in or out of 

levels 1, 2 or 3.

There have been no changes in valuation methodologies at December 31, 2019 and 2018.

 Total Level 1 Level 2 Level 3 

Common stock $ 43,571,348 $ 43,571,348 $ - $ -

Corporate obligations 866,740 - 866,740 -

United States Government and 

Government Agency obligations 668,067 620,590 47,477 -

Certificates of deposit 154,147 - 154,147 -

Short-term investments 3,248,646 3,248,646 - -

Total assets in fair value hierarchy 48,508,948 $ 47,440,584 $ 1,068,364 $ -

Investments measured at NAV* 111,574,386

 Total investments $160,083,334

 Fair Value Measurements at December 31, 2019 

*The investments measured at NAV account for 66.6% of net assets available for benefits at 

December 31, 2019.

 Total Level 1 Level 2 Level 3 

Common stock $ 34,941,233 $ 34,941,233 $ - $ -

Corporate obligations 1,472,813 - 1,472,813 -

United States Government and 

Government Agency obligations 860,220 366,231 493,989 -

Foreign obligations 27,804 - 27,804 -

Certificates of deposit 220,514 - 220,514 -

Short-term investments 6,942,729 6,942,729 - -

Total assets in fair value hierarchy 44,465,313 $ 42,250,193 $ 2,215,120 $ -

Investments measured at NAV 103,872,760

 Total investments $148,338,073

 Fair Value Measurements at December 31, 2018 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0305
- 11 -

NOTE 6. FAIR VALUE MEASUREMENTS (continued)

In accordance with Subtopic 820-10, investments that are measured at fair value using the net 

asset value per share (or its equivalent) practical expedient have not been classified in the fair 

value hierarchy. The fair value amounts presented in these tables are intended to permit 

reconciliation of the fair value hierarchy to the amounts presented in the statements of net assets 

available for benefits.

The unfunded commitments and redemption information for the investments, as of December 31, 

2019 and 2018, are as follows:

2019 2018

2019 2018 Unfunded Unfunded Redemption Redemption

Fair Value Fair Value Commitments Commitments Frequency Notice Period

Limited partnerships:

Acadian Non-US Concentrated Fund $ 7,642,255 $ 8,666,136 $ - $ - Daily 30 Days

American Core Realty Fund, LLC 8,141,471 9,624,547 - - Quarterly 10 Days

Corbin ERISA Opportunity Fund, L.P. 13,016,298 8,910,974 - - Quarterly 65 Days

Hamilton Lane Secondary Feeder Fund IV-A LP 7,592,855 5,254,186 2,971,472 5,137,603 A A

Mesirow Institutional Multi Strategy Fund - 3,700,218 - - Quarterly 95 Days

PENN Capital Defensive High Yield Fund, L.P. 11,544,450 10,842,574 - - Monthly B

PRISA III Fund, L.P. 30,064,965 28,830,907 - - Quarterly 90 Days

Common collective trusts: 

Blackrock Global Allocation Collective Trust Fund 8,419,310 8,760,802 - - Daily 2 Days

Northern Trust Russell 1000 Growth Index Fund 16,485,884 12,349,752 - - Daily 1 Day

Direct filing entity:

Hardman Johnston International Equity Group Trust 8,666,898 6,932,664 - - Monthly 10 Days

$ 111,574,386 $ 103,872,760 $ 2,971,472 $ 5,137,603

A - The Hamilton Lane Secondary Feeder Fund IV-A LP (the Fund) cannot be redeemed. The 

Hamilton Lane Secondary Feeder Fund IV-A LP is a feeder fund in a master-feeder structure 

whereby the Fund invests substantially all of its assets in Hamilton Lane Secondary Fund IV LP 

(the “Main Fund”). The investment objective of the Fund, through its interest in the Main Fund, 

is to acquire and hold a diversified portfolio of private equity investment funds, which may 

include venture capital, buyout, mezzanine, industry-focused and other private equity investment 

funds, acquired through secondary market transactions. The underlying assets of the Fund are 

expected to be liquidated by 2027.

B - A limited partner may voluntarily make a withdrawal upon at least thirty (30) days prior 

written notice or a complete withdrawal from the partnership, upon at least sixty (60) days prior 

written notice as of the end on any calendar month. While a limited partner may give a notice of 

a withdrawal, if the general partner in its sole discretion determines that it is in the best interest 

of the partnership to defer any reduction or liquidation of the partnership’s portfolio investments 

because of the current market conditions, the general partner may delay in whole or in part the 

making of the distribution requested by the limited partnership for a period of not more than six 

months beyond the requested withdrawal date.

The Acadian Non-US Concentrated Fund’s investment objective is to outperform the Investment 

Portfolio’s performance benchmark the Morgan Stanley Capital International Europe, 

Australasia, and Far East Index (“MSCI EAFE Index”) over multiple year time periods. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0306
- 12 -

NOTE 6. FAIR VALUE MEASUREMENTS (continued)

The American Core Realty Fund, LLC has been organized to allow Taft-Hartley pension funds, 

governmental retirement plans, corporate pension plans and qualified trusts forming part of a 

pension or profit-sharing plan, endowments, charitable foundations and other taxable and taxexempt organizations to pool their assets to make investments primarily in core stable 

institutional quality office, retail, industrial and multi-family residential properties that are 

substantially leased and have minimal deferred maintenance or functional obsolescence.

The Corbin ERISA Opportunity Fund, L.P’s investment objective is to achieve a substantial 

return on capital through opportunistic investments primarily in a broad range of public and 

private credit instruments, with an expected emphasis on corporate credit securities, asset-backed 

securities, mortgage-backed securities, commercial real estate, structured credit and 

collateralized loan obligations.

Mesirow Institutional Multi Strategy Fund (MIMSF) was organized for the purpose of achieving 

capital appreciation through an investment program focused on specialized investment strategies.

PENN Capital Defense High Yield Fund, L.P. invests in a variety of upper and middle quality 

noninvestment grade (“high-yield”) bonds and to a lesser extent, unrated fixed income securities, 

primarily short-term and intermediate-term corporate bonds and other corporate fixed income 

obligations. The objective of the Partnership is to provide current income and preserve 

investors’ principal.

PRISA III Fund, L.P. invests in commercial real estate through one or more real estate 

investment trusts.

American Core Reality Fund, Corbin ERISA Opportunity Fund, L.P., Hamilton Lane Secondary 

Feeder Fund IV-A LP, PENN Capital Defense High Yield Fund, L.P., PRISA III Fund, L.P., and 

Acadian Non-US Concentrated Fund, are measured at estimated fair value, without adjustment 

by the Plan, as reported by the sponsors of the investments as of December 31, 2019 and 2018. 

Mesirow Institutional Multi Strategy Fund, L.P. was measured at fair value, without adjustment 

by the Plan, as reported by the sponsor of the investment as of December 31, 2018. 

NOTE 7. WITHDRAWAL LIABILITY RECEIVABLE AND INCOME

Each contributing employer is required to pay the fund all amounts due as withdrawal liability 

resulting from a partial or complete withdrawal from the Plan, in accordance with the Employee

Retirement Income Security Act of 1974, as amended (ERISA). Under ERISA, the Board of

Trustees (Board) has full authority to adopt rules and regulations governing the determination 

and payment of withdrawal liability. These rules and regulations are binding on all employers.

Withdrawal liability represents a withdrawing employer’s share of the unfunded vested benefit 

liability (UVB) of the Plan. The calculation of the UVB is done on an annual basis and the 

absence of withdrawal liability for any particular plan year cannot be taken as assurance that 

there will be no withdrawal liability in the following plan year.

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0307
- 13 -

NOTE 7. WITHDRAWAL LIABILITY RECEIVABLE AND INCOME (continued)

The Plan assesses withdrawal liability to employers who have withdrawn from the Plan in 

accordance with plan rules and regulations, noted above. Amounts assessed as withdrawal 

liability contributions are recorded as receivable when collection of the assessment appears 

reasonably certain. Once the receivable is recorded, a portion of each payment received reduces 

the receivable and a portion is recorded as interest income on withdrawal liability contributions. 

The payment status of each employer is reviewed annually by the Plan’s legal counsel and an 

allowance for doubtful collection is recorded if warranted.

The Plan has experienced employers who ceased contributions, effectively withdrawing from

participation in the Plan. In accordance with ERISA, these employers are required to make

withdrawal liability payments to the Plan. The employer withdrawal liability receivable at

December 31, 2019 and 2018 is comprised of the following:

2019 2018

McKesson Drug Corporation $ 5,725,421 $ 5,993,382

Total withdrawal liability receivable $ 5,725,421 $ 5,993,382

The withdrawal liability is receivable as follows:

Year Ended; 

December 31, 2020 286,409

December 31, 2021 306,126

December 31, 2022 327,201

December 31, 2023 349,727

December 31, 2024 373,804

 Thereafter 4,082,154

$ 5,725,421

During 2018, Adam Burch withdrew as a collectively bargained employer of the Plan. Adam 

Burch agreed to pay a lump sum payment of $1,700,000, which was received by the Plan during 

the year ending December 31, 2018.

NOTE 8. RISKS AND UNCERTAINTIES

The Plan invests in various investments. Investments are exposed to various risks such as 

economic, interest rate, market and sector risks. Due to the level of risk associated with certain 

investments, it is at least reasonably possible that changes in the values of investments will occur 

in the near term and that such changes could materially affect the amounts reported in the 

Statements of Net Assets Available for Benefits.

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0308
- 14 -

NOTE 8. RISKS AND UNCERTAINTIES (continued)

Withdrawal liability contributions are calculated, and the actuarial present value of accumulated 

plan benefits are reported based on certain assumptions pertaining to interest rates, inflation rates 

and participant demographics, all of which are subject to change. Due to uncertainties inherent 

in the estimations and assumptions process, it is at least reasonably possible that changes in these 

estimates and assumptions in the near-term would-be material to the financial statements.

NOTE 9. PARTY-IN-INTEREST TRANSACTIONS

Certain plan investments are shares of short-term investments managed by PNC. PNC is the 

Custodian, as defined by the Plan, and therefore, these transactions qualify as party-in-interest 

transactions. These transactions have been denoted as such on the supplemental schedule of 

assets held at end of year. For the years ended December 31, 2019 and 2018, the Plan paid 

custodial fees of $24,589 and $29,073, respectively, to PNC. 

NOTE 10. NEW ACCOUNTING PRONOUNCEMENT

In May 2014, FASB issued ASU 2014-09 - Revenue from Contracts with Customers (Topic 

606). The objective of the disclosure requirements in this Topic is for an entity to disclose 

sufficient information to enable users of financial statements to understand the nature, amount, 

timing, and uncertainty of revenue and cash flows arising from contracts with customers. In 

accordance with the modified retrospective approach, the comparative information has not been 

restated and continues to be reported under the accounting standards in effect for those 

periods. Adoption of the ASU did not have a material effect on the financial statements.

NOTE 11. SUBSEQUENT EVENTS

The Plan has evaluated subsequent events through September 28, 2020, the date the financial 

statements were available to be issued, and they have been evaluated in accordance with relevant 

accounting standards.

Due to the heightened uncertainty related to the potential impacts of novel coronavirus (COVID19) on its operations, the Plan’s revenues and its operations are subject to risks, uncertainties and 

changes in circumstances that could significantly affect its future financial results and business 

operations.

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0309
SUPPLEMENTAL INFORMATION

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0310
2019 2018

Actuary fees $ 63,355 $ 29,744

Audit and payroll audit fees 15,750 15,750

Contract administrator fees 116,887 113,162

Insurance and bonding 94,840 93,155

Legal fees and expenses 37,240 39,923

Miscellaneous 1,245 -

Postage and printing 5,789 6,408

Trustees' meeting expenses and conferences 20,273 18,009

$ 355,379 $ 316,151

Schedules of Administrative Expenses

Years Ended December 31, 2019 and 2018

Warehouse Employees Union Local No. 730

Pension Trust Fund

- 15 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0311
Form 5500, Schedule H, Line 4i

(a) (b) (d) (e)

Current

Issuer, Borrower Cost Value

Shares/ Interest Maturity

Type Principal Rate Date

Common stock:

Acuity Brands Inc. CS 1,839 $ 187,477 $ 253,782

Adidas Ag CS 920 103,308 149,776

Adobe Inc. CS 1,960 129,969 646,428

Advanced Energy Inds Inc CS 3,380 238,757 239,745

Affiliated Managers Group Inc CS 1,386 158,609 117,450

AIA Group Ltd Sponsored Adr CS 3,300 75,132 138,897

Air Products & Chemicals Inc CS 673 111,966 158,148

Airbuse SE CS 3,950 110,081 145,163

Albemarle Corp CS 3,310 239,542 241,762

Allstate Corp CS 1,103 58,377 124,032

Alphabet Inc/Ca-Cl A CS 439 216,130 587,992

American Electric Power Inc CS 2,396 161,642 226,446

American Express Co CS 854 70,975 106,314

Apple Inc CS 1,860 160,272 546,189

Aptargroup Inc CS 4,098 233,988 473,811

Aramark CS 18,258 626,441 792,397

ASML Holding Nv-Ny CS 625 20,474 184,963

Astrazeneca PLC Spons ADR CS 3,220 110,842 160,549

AT&T Inc CS 8,621 296,461 336,909

Automatic Data Processing Inc CS 3,400 133,892 579,700

Avalonbay Communities Inc Reit CS 427 73,543 89,542

Bank of America Corp CS 13,048 256,245 459,551

Bayer A G Sponsored Adr CS 2,570 69,674 52,120

Becton Dickinson & Co CS 1,840 96,114 500,425

Berkshire Hathaway Inc Class B CS 656 112,042 148,584

Best Buy Inc CS 1,253 83,652 110,013

Bio Rad Laboratories Inc Class A CS 681 66,499 251,990

Biogen Inc CS 644 86,159 88,426

Bio-Techne Corp CS 1,327 150,613 291,290

Blackbaud Inc CS 4,777 205,836 380,249

Boeing Co CS 298 63,639 59,300

Borg Warner Inc CS 1,367 147,900 153,300

Boston PPTYS Inc CS 1,112 148,030 201,937

Broadcom Inc CS 639 114,267 243,003

Broadridge Financial Sol W/I CS 1,967 166,003 166,993

Caci Intl Inc CS 668 169,214 474,191

Carlisle Companies Inc CS 2,930 141,141 145,612

Caterpillar Inc CS 986 115,659 418,236

CDW Corp CS 2,928 113,649 424,194

Cerner Corp CS 5,780 81,265 80,203

CF Industries Holdings Inc CS 1,680 257,973 291,393

Chevron Corporation CS 2,418 232,589 291,879

Choice Hotels Intl Inc CS 2,822 120,902 131,692

Cigna Corp CS 644 264,428 537,104

Cisco Systems Inc CS 11,199 169,908 325,605

Warehouse Employees Union Local No. 730

Pension Trust Fund

Schedule of Assets Held at End of Year

December 31, 2019

EIN: 52-6124754

(c)

Description of Investment Including Maturity Date,

Rate of Interest, Collateral, Par or Maturity Value

Plan No: 001

- 16 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0312
(a) (b) (d) (e)

Current

Issuer, Borrower Cost Value

Shares/ Interest Maturity

Type Principal Rate Date

(c)

Description of Investment Including Maturity Date,

Rate of Interest, Collateral, Par or Maturity Value

Common stock (continued):

Cognizant Technology Solutions CS 5,250 $ 158,224 $ 301,872

Columbia Sportswear Co CS 3,013 318,584 741,105

Comcast Corporation Cl A CS 16,229 141,346 168,623

Conocophillips CS 2,593 141,172 180,411

Delta Air Lines Inc CS 3,085 624,512 755,703

Dentsply Sirona Inc CS 13,354 182,844 167,427

Diamond Bank Energy Inc CS 1,803 84,159 179,988

Discover Financial W/I CS 2,122 162,190 183,639

Discovery Inc Class A CS 5,609 128,082 168,928

Disney Walt Co CS 1,168 108,290 169,403

Donaldson Inc CS 2,940 139,609 196,753

DTE Energy Co CS 1,515 127,216 131,707

Duke Energy Holding Corp CS 1,444 106,212 113,334

E*Trade Financial Corp CS 2,498 79,909 459,581

Edwards Lifesciences Corp CS 1,970 28,357 60,395

EOG Res Inc CS 5,440 45,737 168,224

Equity Lifestyle Properties Reit CS 858 12,335 166,733

Excel Energy Inc CS 3,016 369,554 455,654

Factset Resh Sys Inc CS 627 156,964 132,808

Fanuc Corp ADR CS 7,210 421,120 656,811

Flir System Inc CS 12,614 208,032 420,242

FMC Corporation New CS 4,210 155,315 239,281

Frontdoor Inc-W/I CS 5,046 158,581 293,869

Gartner Inc CS 1,907 117,085 107,867

Gilead Sciences Inc CS 1,660 39,378 168,428

Graco Inc CS 3,239 152,257 186,868

Hartford Finl Svcs Group Inc CS 3,075 43,213 82,381

HDFC Bank Ltd Spon - Adr CS 1,300 74,606 208,162

Henry Jack & Assoc Inc CS 1,429 375,734 461,769

Henry Schein Inc CS 6,921 171,954 157,030

Hexcel Corp CS 2,142 74,157 71,311

Highwoods PPTYS Inc CS 1,458 100,617 138,620

Hill-Rom Holdings Inc CS 1,221 97,652 128,856

Honeywell International Inc CS 728 307,451 503,205

Hunt J B Transport Services Inc CS 4,309 90,553 111,619

Huntsman Corp CS 4,620 245,525 253,371

IAA Inc CS 5,384 112,737 173,837

Icici Bank Ltd CS 11,520 42,853 251,292

Idex Corp CS 1,461 101,314 153,440

Infineon Technologies Adr CS 6,850 91,343 122,419

Ingersoll-Rand PLC CS 921 87,884 117,486

Intel Corp CS 1,963 113,983 153,818

Intercontinental Exchange Inc CS 1,662 279,915 497,522

Iqvia Holdings Inc CS 3,220 290,299 540,448

Johnson & Johnson CS 3,705 200,228 254,694

Jones Lang Lasalle Inc CS 1,463 217,192 556,763

JP Morgan Chase & Co CS 3,994 220,353 341,736

Kimberly-Clark Corp CS 1,367 51,639 93,696

Kirby Corp CS 3,817 191,538 188,031

Koninklijke Phillips NV CS 1,920 140,056 238,102

Landstar Sys Inc CS 2,091 342,913 460,371

Lennox International Inc CS 1,887 84,553 122,756

Lilly Eli & Co CS 934 117,077 126,159

Lockheed Martin Corp CS 324 60,737 155,761

- 17 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0313
(a) (b) (d) (e)

Current

Issuer, Borrower Cost Value

Shares/ Interest Maturity

Type Principal Rate Date

(c)

Description of Investment Including Maturity Date,

Rate of Interest, Collateral, Par or Maturity Value

Common stock (continued):

LVMH Moet Hennessy Louis CS 1,670 $ 198,121 $ 335,189

Manhattan Assocs Inc CS 4,203 144,008 138,093

Marathon Petroleum Corp CS 2,292 135,310 291,508

Markel Corp (Holding Co) CS 255 171,698 623,896

Marsh & McLennan Companies Inc CS 5,600 215,074 674,813

Mastercard Inc Cl A CS 2,260 525,650 743,551

Medtronic Plc Sedol CS 6,554 140,775 133,660

Melco Resorts Entertain Ltd CS 5,530 144,272 179,444

Merck & Co Inc CS 1,973 174,644 803,955

Microsoft Corp CS 5,098 165,378 164,524

Mondelez international CS 2,987 66,619 220,761

Morningstar Inc CS 1,459 138,802 154,885

Mutra MFG CO LTD Adr CS 10,110 85,618 139,556

Nidec Corporation Spon Adr CS 4,080 342,972 498,836

Nivida Corp CS 2,120 183,324 250,448

Nordson Corporation CS 1,538 153,952 186,088

Northrop Grumman Corp CS 541 359,761 216,765

Occidental Petroleum Corp CS 5,260 136,737 171,074

On Semiconductor Corporation CS 7,017 85,617 97,324

Oracle Corp CS 1,837 92,732 96,052

Owens Corning Inc CS 1,475 156,360 212,795

Pepsico Inc CS 1,557 138,735 141,602

Phillips 66 CS 1,271 132,237 166,718

Pool Corp CS 785 266,052 374,325

Procter & Gamble Co CS 2,997 106,365 175,071

Prologis Inc CS 1,964 203,606 204,311

Prosperity Bancshares Inc CS 2,842 213,515 209,884

Prudential Financial, Inc. CS 2,239 172,208 155,567

Prysmian Spa-Unsponsoree Adr CS 12,690 147,327 137,116

PVH Corp CS 1,304 146,598 163,858

Qiagen Nv Isin CS 1,303 172,398 253,538

Quanta SVCS Inc CS 4,025 31,790 44,041

Royal Caribbean Cruises CS 1,572 87,152 145,516

RPM International Inc CS 3,303 187,960 209,878

Safran Unspon ADR CS 3,760 216,268 209,309

Sally Beauty Co In-W/I CS 11,469 133,085 154,089

SAP Se Sponsored CS 1,150 431,943 378,282

Schlumberger Ltd CS 9,410 114,138 126,890

Schwab Charles Corp CS 2,668 153,080 332,311

SEI Investment Co CS 5,075 211,746 196,023

Sensient Technologies Corp CS 2,966 158,613 182,877

Service Corp International CS 3,973 454,328 510,660

Servicemaster Global Holding CS 13,209 241,827 465,729

Stanley Black & Decker Inc CS 2,810 151,971 183,670

State Str Corp CS 2,322 254,644 674,204

Teleflex Inc CS 1,791 94,166 80,146

Textron Inc CS 1,797 102,561 102,576

The Travelers Cos Inc CS 749 97,761 168,932

Thermo Fisher Scientific Inc CS 520 332,121 754,053

Transunion CS 8,808 105,528 153,211

Trimble Incorporated CS 3,675 106,227 171,438

Trust Financial Corp CS 3,044 56,582 77,384

Tyson Foods Inc Class A CS 850 196,164 247,818

Umpqua Hldgs C CS 14,001 58,574 106,127

- 18 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0314
(a) (b) (d) (e)

Current

Issuer, Borrower Cost Value

Shares/ Interest Maturity

Type Principal Rate Date

(c)

Description of Investment Including Maturity Date,

Rate of Interest, Collateral, Par or Maturity Value

Common stock (continued):

Unitedhealth Group Inc CS 361 $ 140,271 $ 546,881

Varian Medical Systems Inc CS 3,851 291,459 364,286

Verizon Communications Inc CS 5,933 322,643 437,900

Vertex Pharmaceuticals Inc CS 2,000 80,330 148,946

Waste Management Inc CS 1,307 63,969 91,783

Wells Fargo & Company CS 1,706 114,195 165,291

Westamerica Bancorporation CS 2,439 248,527 519,252

Willis Towers Watson CS 776 147,245 156,706

WR Berkley Corp CS 11,445 519,008 790,851

Xcel Energy Inc CS 3,016 135,475 191,487

 27,204,235 43,571,348

Corporate obligations:

Abbvie Note 7,000 2.950 % 11/21/26 6,992 7,127

Amer Airline 16-3 AA Note 13,077 3.000 04/15/30 12,821 13,331

American Honda Finance Note 5,000 2.400 06/27/24 4,989 5,056

Americredit Automobile Receiva Series Note 22,000 2.130 07/18/25 21,997 21,950

Amgen Inc Note 8,000 2.600 08/19/26 7,574 8,105

Apple Inc Note 6,000 2.750 01/13/24 6,067 6,200

AT&T Inc Note 9,000 4.250 03/01/27 9,409 9,885

Bank of America Note 17,000 VAR 12/20/22 16,808 17,396

Bank of New York Mellon Note 13,000 2.950 01/29/23 13,006 13,351

BB&T Note 22,000 2.200 02/13/23 21,984 22,146

BNSF Railway Co 2015-1 P Note 11,630 3.442 06/16/28 12,084 12,301

Boeing Co Note 7,000 3.100 05/01/26 6,980 7,225

BP Capital Markets Plc Note 13,000 2.750 05/10/20 13,146 13,300

BP Capital Markets Plc Note 5,000 3.410 02/11/25 5,000 5,327

Bristol - Myers Squibb Note 14,000 3.400 07/26/29 13,894 14,983

Burlington Northn Santa Fe Series Note 3,961 8.251 01/15/21 4,713 4,066

Capital One Financial Note 12,000 3.900 01/29/24 11,974 12,728

Capital One Multi-Asset Note 11,000 1.990 07/17/23 10,999 11,011

Chevron Corp Note 8,000 2.355 12/05/22 7,932 8,112

Citicorp Inc Note 7,000 VAR 04/24/25 7,000 7,286

Citigroup Inc Note 6,000 VAR 01/24/23 6,006 6,117

CNH Equipment Trust Note 35,000 2.480 02/15/24 35,144 35,211

Comcast Corp Note 8,000 3.600 03/01/24 8,233 8,481

Comcast Corp Note 3,000 3.950 10/15/25 2,996 3,274

Comerica Inc Note 5,000 3.700 07/31/23 5,060 5,256

CSX Corp Note 9,000 3.400 03/01/28 9,069 9,822

CSX Trans Note 14,965 6.251 01/15/23 17,000 16,301

CVS Health Corp Note 7,000 4.300 03/25/28 7,583 7,647

Delta Air Lines Inc Note 5,000 2.900 10/28/24 4,980 5,002

Dowdupont Inc Note 4,000 4.493 11/15/25 4,149 4,406

Dowdupont Inc Note 6,000 4.725 11/15/28 6,800 6,812

Duke Energy Carolinas Note 14,000 2.950 12/01/26 13,980 14,463

Exxon Mobil Corp Note 6,000 3.043 03/01/26 6,217 6,295

Federal Express Corp Note 16,375 6.720 01/15/22 17,450 16,816

Fedex Corp Note 25,085 7.650 01/15/23 30,040 26,370

Fedex Corp Note 8,000 3.100 08/05/29 7,973 7,994

Fifth Third Bancorp Note 9,000 3.650 01/25/24 8,983 9,499

Ford Credit Auto lease Trust Note 15,000 2.220 10/15/22 14,997 15,055

Ford Motor Co Note 10,000 4.346 12/08/26 10,077 10,333

General Motors Finl Co Note 8,000 5.100 01/17/24 8,209 8,685

General Motors Finl Co Note 11,000 3.950 04/13/24 11,269 11,500

Total common stock

- 19 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0315
(a) (b) (d) (e)

Current

Issuer, Borrower Cost Value

Shares/ Interest Maturity

Type Principal Rate Date

(c)

Description of Investment Including Maturity Date,

Rate of Interest, Collateral, Par or Maturity Value

Corporate obligations (continued):

Glaxosmithklin Cap Inc Note 4,000 3.625 % 05/15/25 $ 4,092 $ 4,294

GM Financial Automoible Leasin Note 9,000 3.480 07/10/22 9,015 9,113

GM Financial Securitized term Note 45,000 3.130 02/16/24 44,996 45,378

Goldman Sachs Group Inc Note 16,000 VAR 09/29/25 15,866 16,564

Great America Leasing Receivables Note 11,011 2.600 06/15/21 11,009 11,036

Hyundia Capital America Note 6,000 3.500 11/02/26 5,998 6,084

John Deere Capital Corp Note 5,000 2.600 03/07/24 4,991 5,115

JP Morgan Chase & Co Note 6,000 4.500 01/24/22 6,325 6,300

JP Morgan Chase & Co Note 10,000 3.250 09/23/22 10,183 10,346

JP Morgan Chase & Co Note 13,000 VAR 12/05/24 13,000 13,864

Lockheed Martin Corp Note 6,000 3.550 01/15/26 6,222 6,437

McDonald's Corp Note 4,000 3.700 01/30/26 4,116 4,316

Merck & Co Inc Note 13,000 2.750 02/10/25 12,945 13,488

Merck & Co Inc Note 4,000 3.400 03/07/29 4,024 4,333

Microsoft Corp Note 11,000 2.875 02/06/24 11,144 11,414

Mid-America Apartments L Note 5,000 3.600 06/01/27 4,998 5,306

Molson Coors Brewing Co Note 7,000 3.000 07/15/26 7,054 7,087

Morgan Stanley Note 5,000 2.750 05/19/22 4,983 5,092

Morgan Stanley Note 10,000 3.125 01/23/23 10,014 10,280

Morgan Stanley Note 8,000 VAR 07/22/25 8,066 8,101

Northrop Grumman Corp Note 8,000 3.200 02/01/27 7,852 8,326

Occidental Petroleum Note 8,000 2.700 02/15/23 7,735 8,063

Occidental Petroleum Note 4,000 2.400 03/15/26 4,511 4,536

Oracle Corp Note 4,000 2.400 09/15/23 3,972 4,066

Oracle Corp Note 4,000 2.650 07/15/26 3,978 4,092

Pacificorp Note 4,000 2.950 02/01/22 4,078 4,227

PNC Financial Services Note 18,000 3.500 01/23/24 18,138 18,947

Royal Bank of Canada Note 5,000 3.700 10/05/23 5,160 5,286

Santander Drive Auto Note 8,000 2.160 11/15/26 7,999 8,011

State Street Corp UNSC Note 15,000 3.300 12/16/24 15,576 15,814

Toronto-Domininion Bank Note 5,000 2.650 06/12/24 4,999 5,121

Total Capital Canada Ltd Note 6,000 2.750 07/15/23 5,779 6,154

UBS Coml Mtg Trust Series Note 4,433 VAR 06/15/50 4,433 4,410

Union Pacific Corp Note 6,000 3.950 09/10/28 6,113 6,630

United Parcel Service Note 2,000 3.400 03/15/29 1,997 2,084

US Bancorp Note 10,000 3.000 03/15/22 10,294 10,231

US Bancorp Note 9,000 2.400 07/30/24 8,992 9,123

Verizon Communications UNSC Note 6,000 4.125 03/16/27 6,662 6,651

Virginia Electric & Power Co Note 11,000 3.150 01/15/26 10,683 11,500

Walt Disney Company/The UNSC Note 4,000 3.150 09/17/25 3,902 4,251

Walt Disney Company/The UNSC Note 7,000 3.850 07/30/26 6,495 6,880

Wells Fargo & Company Ser N Note 18,000 3.550 09/29/25 19,180 19,050

Westpac Banking Corp Sedol Note 8,000 2.750 01/11/23 7,991 8,151

World Financial Network Credit Series Note 5,000 2.210 07/15/26 4,999 5,003

World Omni Select Auto Trust Note 20,000 2.000 08/15/24 19,998 19,960

 852,141 866,740

United States Government and 

 Government Agency obligations:

Federal Home Loan Mtg Corp Gold Note 28 6.000 05/01/20 28 28

Federal Home Loan Mtg Corp Series 3234 Class MC Note 85 4.500 10/15/36 83 89

Federal Natl Mtg Assn Series Note 23,787 2.500 01/01/32 24,081 24,070

Federal Natl Mtg Assn Series Note 22,434 3.000 04/01/32 23,075 23,056

Federal Natl Mtg Assn Series Note 228 4.250 02/25/37 220 232

 Total corporate obligations

- 20 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0316
(a) (b) (d) (e)

Current

Issuer, Borrower Cost Value

Shares/ Interest Maturity

Type Principal Rate Date

(c)

Description of Investment Including Maturity Date,

Rate of Interest, Collateral, Par or Maturity Value

United States Government and 

 Government Agency obligations (continued):

USA Treasury Notes Note 27,000 2.125 % 08/15/21 $ 27,124 $ 27,225

USA Treasury Notes Note 36,000 1.625 04/30/22 36,096 36,135

USA Treasury Notes Note 29,000 1.875 07/31/22 29,195 29,205

USA Treasury Notes Note 15,000 1.875 10/31/22 14,559 15,112

USA Treasury Notes Note 26,000 1.500 02/28/23 25,435 25,909

USA Treasury Notes Note 9,000 2.500 08/15/23 9,128 9,269

USA Treasury Notes Note 4,000 2.875 11/30/23 4,136 4,183

USA Treasury Notes Note 9,000 2.625 12/31/23 9,078 9,335

USA Treasury Notes Note 54,000 0.500 01/15/24 60,545 60,858

USA Treasury Notes Note 10,000 2.500 02/29/24 10,252 10,283

USA Treasury Notes Note 25,000 2.250 10/31/24 25,016 25,654

USA Treasury Notes Note 30,000 2.500 01/31/25 31,257 31,173

USA Treasury Notes Note 51,000 2.625 12/31/25 53,055 53,485

USA Treasury Notes Note 8,000 0.125 01/15/26 9,044 9,095

USA Treasury Notes Note 11,000 0.625 01/15/26 12,283 12,287

USA Treasury Notes Note 48,000 2.625 01/31/26 48,946 50,349

USA Treasury Notes Note 65,000 2.000 11/15/26 63,053 65,754

USA Treasury Notes Note 20,000 2.250 02/15/27 20,754 20,561

USA Treasury Notes Note 25,000 2.250 11/15/27 24,955 25,711

USA Treasury Notes Note 49,000 3.125 11/15/28 52,621 53,913

USA Treasury Notes Note 18,000 2.375 05/15/29 18,550 18,722

USA Treasury Notes Note 24,000 1.625 08/15/29 23,998 23,399

USA Treasury Notes Note 3,000 1.750 11/15/29 2,974 2,975

 659,541 668,067

Certificate of deposits:

Capital One Bank USA Note 12,000 2.500 06/19/24 11,925 12,312

Citibank NA Instl Note 31,000 3.550 11/24/23 30,883 32,989

Morgan Stanley Bank Pvt Bank Instl Note 37,000 3.550 11/24/23 36,763 39,375

Sallie Mae Bank Note 24,000 2.400 06/20/22 23,922 24,369

UBS Bank USA Note 18,000 2.900 04/03/24 17,932 18,760

Wells Fargo Bank NA Instl Note 25,000 3.500 11/09/23 24,906 26,342

 146,331 154,147

Short-term investments:

Federated Government OBL - SEL ERISA & DISC IRA 

FD# 07 3,248,646 3,248,646 3,248,646

Common collective trusts:

Blackrock Global Allocation Collective Trust Fund 564,261 6,122,841 8,419,310

Northern Trust Russell 1000 Growth Index Fund 17,818 11,133,114 16,485,884

 17,255,955 24,905,194

Direct filing entity:

Hardman Johnston International Equity Group Trust 265,307 3,790,205 8,666,898

Limited partnerships: 

Acadian Non-US Concentrated Fund 4,220 3,441,766 7,642,255

American Core Realty Fund, LLC 65 5,798,035 8,141,471

Corbin ERISA Opportunity Fund, L.P. N/A 11,580,810 13,016,298

Hamilton Lane Secondary Feeder Fund, IV-A LP N/A 8,259,535 7,592,855

 Total certificate of deposits

 Total common collective trusts

 Total United States Government and

 Government agency obligations

- 21 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0317
(a) (b) (d) (e)

Current

Issuer, Borrower Cost Value

Shares/ Interest Maturity

Type Principal Rate Date

(c)

Description of Investment Including Maturity Date,

Rate of Interest, Collateral, Par or Maturity Value

Limited partnerships (continued): 

PENN Capital Defense High Yield Fund, L.P. N/A $ 6,039,471 $ 11,544,450

PRISA III Fund, L.P. 15,315 24,420,496 30,064,965

 59,540,113 78,002,294

$ 112,697,167 $ 160,083,334

 Total limited partnerships 

Total assets held at end of year

- 22 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0318
EIN: 52-6124754

Plan No: 001

(a) (b) (c) (d) (g) (h) (i)

Identity Current Net Gain

of Party Purchase Selling Cost of Value of (Loss) on

Involved Description Price Price Asset Asset Transaction

Federated Government OBL - SEL ERISA & DISC $ 7,214,730 N/A $ 7,214,730 $ 7,214,730 N/A

Federated Government OBL - SEL ERISA & DISC N/A $ 3,966,084 3,966,084 3,966,084 $ -

* PNC Govt. Money Market Fund 31,715,867 N/A 31,715,867 31,715,867 N/A

* PNC Govt. Money Market Fund N/A 38,658,596 38,658,596 38,658,596 -

* A party-in-interest as defined by ERISA

Form 5500, Schedule H, Line 4j

Warehouse Employees Union Local No. 730 

Pension Trust Fund

Schedule of Reportable Transactions

Year Ended December 31, 2019

- 23 -

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0319
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment C to 2019 Form 5500 Schedule MB 

Schedule MB, line 6 – Summary of Plan Provisions 

This summary of plan provisions provides an overview of the major 

provisions of the pension plan used in the actuarial valuation. It is not 

intended to replace the more precise language of the plan document and 

is not to be relied upon for calculating participant benefits. 

1. Eligibility 

Any employee on whose behalf contributions are made to the 

pension plan is eligible to participate in the Fund. 

2. Normal Retirement 

Eligibility: Age 60 with five years of service. 

For service after the adoption or imposition of a 

Rehabilitation Benefit Schedule, the normal 

retirement age has been increased to age 62 with 

five years of service. 

Amount: The greater of the Flat Benefit or the Percentage 

of Contributions benefit given below. 

Flat Benefit 

Employer’s Contribution

At Least But Less Than First 60 Months Later Months

---* $.15 $100* $ 55

$.15 $.25 $200 $110

$.25 $.35 $300 $165

$.35 $.45 $400 $220

$.45 --- $500 $275

* This benefit amount is applicable only if the employer’s effective date is 

after January 1, 1981. If the employer’s effective date is prior to 

January 1, 1981, the minimum flat benefit amount for contribution 

rates less than $.25 is the $200/$110 amount. 

The flat benefit amounts are reduced 5% for each year of 

service for benefit accrual less than 20. Increases in the level of 

monthly benefits are made when the employer’s contribution 

rate is increased after the employer’s effective date, subject to 

certain limitations. 

Percentage of Contributions Benefit 

For service prior to the adoption or imposition of a 

Rehabilitation Benefit Schedule: 

A monthly life annuity reducing to 55% of the original amount 

after 60 months, equal to (a) 4.17% of all contributions 

required to be made on a participant’s behalf on and after 

January 1, 1978 plus (b) X% of all contributions required to be 

made on a participant’s behalf prior to January 1, 1978, where 

“X” is determined from the following table:

Participant’s Age

On January 1, 1978 X%

Participant’s Age

On January 1, 1978 X%

60 or over 12.0 49 7.6

59 11.6 48 7.2

58 11.2 47 6.8

57 10.8 46 6.4

56 10.4 45 6.0

55 10.0 44 5.6

54 9.6 43 5.2

53 9.2 42 4.8

52 8.8 41 4.4

51 8.4 40 and under 4.17

50 8.0

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0320
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment C to 2019 Form 5500 Schedule MB 

Schedule MB, line 6 – Summary of Plan Provisions 

For those employers who elected through a collective 

bargaining agreement to make a supplemental contribution 

beginning January 1, 1998, the monthly life annuity above 

reduces to 55% of the original amount after 96 months instead 

of 60. 

Effective for participants who earned an hour of service on or 

after January 1, 1999, 24 months is added to the number of 

months described above (i.e., 60 months and 96 months for a 

total of 84 and 120 months, respectively). 

For service after the adoption or imposition of a Rehabilitation 

Benefit Schedule: 

Preferred Schedule: 2.0% of all contributions required to be 

made on a participant’s behalf on and after the date of adoption 

of the Preferred Schedule, reducing to 1.0% after the pension 

has been in effect for 60, 84, 96, or 120 months. 

Default Schedule: 1.0% of all contributions required to be 

made on a participant’s behalf on and after the date of adoption 

or imposition of the Default Schedule. 

3. Early Retirement Benefit 

Eligibility: At least age 55 and has 20 continuous years of 

service for benefit accrual; and has ten 

continuous years of participation. 

Amount: Actuarial equivalent of the accrued normal 

retirement benefit. 

Eligibility: On completion of 30 years of service with the 

Fund. 

Amount: Accrued normal retirement benefit payable 

immediately. 

4. Postponed Retirement Benefit 

 Participant entitled to flat benefit: 

A participant who elects to postpone his retirement beyond his 

normal retirement date is entitled to a postponed retirement 

benefit equal to the flat benefit increased by 5% for each year 

of service for benefit accrual after his normal retirement date, 

provided that the years of service for benefit accrual do not 

exceed 25, in the aggregate. 

 Participant entitled to percentage: 

A participant who elects to postpone his retirement of 

contributions benefit beyond his normal retirement date is 

entitled to a postponed retirement benefit, in lieu of his normal 

retirement benefit, in the amount of the normal retirement 

benefit calculated as if he had reached his normal retirement 

date on the day he actually retires. 

5. Termination Benefit 

Eligibility: Five credited years of service for vesting. 

Amount: A deferred annuity in the amount of the 

participant’s accrued normal benefit at 

termination commencing at the participant’s 

normal retirement age. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0321
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment C to 2019 Form 5500 Schedule MB 

Schedule MB, line 6 – Summary of Plan Provisions 

6. Disability Retirement 

Eligibility: At least age 45, and has at least 15 continuous 

years of service for benefit accrual, and has at 

least five continuous years of participation, and 

has at least 40 weeks’ payments into the trust 

fund by an employer, and be totally and 

permanently disabled for at least 6 months as 

determined by trustees. 

Amount: A lump sum of $2.00 per paid week up to a 

maximum of $2,000. 

Eliminated after the adoption or imposition of a 

Rehabilitation Benefit Schedule. 

In addition, the participant is eligible for the termination 

benefit under the Plan. 

7. Death Benefits 

Pre-Retirement Lump Sum Death Benefit 

Eligibility: Five continuous years of participation in the 

pension Plan, and has had at least 40 weeks’ 

payments into the trust fund by an employer. 

Amount: $2.00 per paid week up to a maximum of $2,000 

reduced by any disability benefits paid. 

Eliminated after the adoption or imposition of a 

Rehabilitation Benefit Schedule. 

Pre-Retirement Spouse’s Pension

Eligibility: Available only to married participants who are 

eligible for a termination benefit, including 

vested terminated participants. 

Amount: A life annuity to the participant’s lawful spouse 

in the amount of the surviving spouse’s benefit 

that would have been provided under the 

qualified joint and survivor annuity payable at 

what would have been the participant’s earliest 

retirement date. 

The pre-retirement spouse’s benefit will be paid in addition to 

the lump sum death benefit. 

8. Normal Form of Pension 

For participants who are married as of the normal retirement 

date, the normal retirement benefit is automatically payable as 

a joint and survivor annuity actuarially equivalent to the above 

benefit. The normal form of pension payable to a married 

employee who does not elect otherwise will be an actuarially 

reduced pension on the Joint and 50% Survivor basis. 

9. Effective Date of Plan 

August 15, 1965. Restated as of January 1, 2002. 

10. Last Amended 

Restated as of January 1, 2009 and executed on December 17, 

2009. The Rehabilitation Plan was last amended in 2014 to 

adopt reasonable measures to forestall insolvency. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0322
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment C to 2019 Form 5500 Schedule MB 

Schedule MB, line 6 – Summary of Plan Provisions 

11. Contributions 

Employee: None permitted or required. 

Employer: On an hourly or weekly basis, on behalf of 

participating employees, as specified in the 

applicable collective bargaining agreement. 

12. Changes since Last Valuation 

None. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0323
THE FINANCIAL STATEMENTS WILL BE PLACED IN THE 

ATTACHMENT FOR THE ACCOUNTANT’S OPINION

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0324
SEE ACCOUNTANT’S OPINION FOR SCHEDULE

OF ASSETS HELD

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0325
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment F to 2019 Form 5500 Schedule MB 

Schedule MB, line 8b(2) – Schedule of Active Participant Data 

AGE 0-4 5-9 10-4 15-19 20-24 25-29 30 & Up Total

Under 25 5 0 0 0 0 0 0 5

25-29 8 4 0 0 0 0 0 12

30-34 14 13 7 0 0 0 0 34

35-39 9 8 10 8 1 0 0 36

40-44 4 10 10 9 4 0 0 37

45-49 1 7 10 9 11 2 0 40

50-54 2 4 8 10 11 9 10 54

55-59 3 5 10 13 7 10 12 60

60-64 1 1 3 3 5 3 2 18

65 & Up 1 1 2 0 0 0 1 5

Total 48 53 60 52 39 24 25 301

47.1 Average Service= 15.0

Age/Service Distribution of Active Participants as of January 1, 2019

COMPLETED YEARS OF CREDITED SERVICE

Average Age=

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0326
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0327
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0328
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0329
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0330
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0331
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0332
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0333
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0334
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0335
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0336
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0337
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust

Plan Sponsor EIN / Plan Number: 52-6124754 / 001

Attachment B to 2019 Form 5500 Schedule MB

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0338
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment G to 2019 Form 5500 Schedule MB 

Schedule MB, line 9c and 9h – Schedule of Funding Standard Account Bases 

Table V-5

Schedule of Amortizations Required for Minimum Required Contribution

as of January 1, 2019

1/1/2019 Remaining Beginning of Year

Date Outstanding Amortization Amortization

Type of Base Established Balance Years 1 Amount

CHARGES

1. Change in Actuarial Cost Method 01/01/1984 $ 542,706 2 $ 281,792

2. Increase in Employer Contributions 01/01/1985 62,897 1 62,897

3. Increase in Employer Contributions 01/01/1986 5,961 2 3,094

4. Plan Amendments 01/01/1986 214,417 2 111,332

5. Increase in Employer Contributions 01/01/1987 256,593 3 92,192

6. Change in Actuarial Assumptions 01/01/1988 28,688 4 8,020

7. Increase in Employer Contributions 01/01/1988 375,466 4 104,965

8. Increase in Employer Contributions 01/01/1989 542,038 5 125,702

9. Increase in Employer Contributions 01/01/1990 538,587 6 107,874

10. Increase in Employer Contributions 01/01/1991 974,534 7 173,316

11. Plan Amendments 01/01/1992 28,660 8 4,619

12. Increase in Employer Contributions 01/01/1992 421,590 8 67,928

13. Change in Actuarial Cost Method 01/01/1992 330,102 2 171,400

14. Change in Actuarial Assumptions 01/01/1992 1,226,121 8 197,558

15. Increase in Employer Contributions 01/01/1993 719,509 9 106,647

16. Increase in Employer Contributions 01/01/1994 941,401 10 129,905

17. Increase in Employer Contributions 01/01/1995 810,490 11 105,120

18. Plan Amendments 01/01/1996 473,518 12 58,180

19. Increase in Employer Contributions 01/01/1996 907,497 12 111,500

20. Plan Amendments 01/01/1997 31,712 13 3,716

21. Increase in Employer Contributions 01/01/1997 988,578 13 115,811

22. Increase in Employer Contributions 01/01/1998 437,956 14 49,188

23. Plan Amendments 01/01/1998 7,951,295 14 893,025

24. Increase in Employer Contributions 01/01/1999 1,394,583 15 150,860

25. Plan Amendments 01/01/1999 3,147,813 15 340,517

26. Increase in Employer Contributions 01/01/2000 357,319 16 37,379

27. Plan Amendments 01/01/2001 307,067 17 31,169

1

 The remaining amortization period for the charge bases established prior to 1/1/2009 reflect a 5-year automatic extension granted under 431(d).

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0339
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment G to 2019 Form 5500 Schedule MB 

Schedule MB, line 9c and 9h – Schedule of Funding Standard Account Bases 

Table V-5

Schedule of Amortizations Required for Minimum Required Contribution

as of January 1, 2019

1/1/2019 Remaining Beginning of Year

Date Outstanding Amortization Amortization

Type of Base Established Balance Years 1 Amount

CHARGES

28. Change in Actuarial Assumptions 01/01/2001 $ 568,463 17 $ 57,704

29. Experience Loss 01/01/2001 153,226 2 79,562

30. Increase in Employer Contributions 01/01/2001 1,913,339 17 194,220

31. Plan Amendments 01/01/2002 495,174 18 48,923

32. Increase in Employer Contributions 01/01/2002 1,744,886 18 172,392

33. Experience Loss 01/01/2002 553,827 3 198,986

34. Increase in Employer Contributions 01/01/2003 1,957,481 19 188,729

35. Experience Loss 01/01/2003 2,985,271 4 834,553

36. Increase in Employer Contributions 01/01/2004 1,764,831 20 166,438

37. Experience Loss 01/01/2004 2,577,524 5 597,740

38. Increase in Employer Contributions 01/01/2005 1,996,270 21 184,530

39. Experience Loss 01/01/2005 2,526,881 6 506,113

40. Recognized Portion of the 2008 ENIL 01/01/2009 38,584,066 19 3,720,062

41. Bifurcation Base 01/01/2009 6,752,862 10 931,830

42. Bifurcation Base 01/01/2010 4,094,792 6 820,154

43. Recognized Portion of the 2008 ENIL 01/01/2011 5,580,290 19 538,021

44. Method Change 01/01/2011 3,976,938 2 2,064,950

45. Recognized Portion of the 2008 ENIL 01/01/2012 17,866,695 19 1,722,607

46. Assumption Change 01/01/2012 10,024,183 8 1,615,145

47. Recognized Portion of the 2008 ENIL 01/01/2013 5,972,294 19 575,815

48. Recognized Portion of the 2008 ENIL 01/01/2014 3,767,832 19 363,274

49. Experience Loss 01/01/2015 3,941,415 11 511,203

50. Experience Loss 01/01/2016 6,200,661 12 761,849

51. Experience Loss 01/01/2017 2,319,616 13 271,742

52. Experience Loss 01/01/2018 1,927,254 14 216,453

TOTAL CHARGES $ 154,263,169 $ 20,988,701

1 The remaining amortization period for the charge bases established prior to 1/1/2009 reflect a 5-year automatic extension granted under 431(d).

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0340
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment G to 2019 Form 5500 Schedule MB 

Schedule MB, line 9c and 9h – Schedule of Funding Standard Account Bases 

Table V-5

Schedule of Amortizations Required for Minimum Required Contribution

as of January 1, 2019

1/1/2019 Remaining Beginning of Year

Date Outstanding Amortization Amortization

Type of Base Established Balance Years Amount

CREDITS

1. Change in Actuarial Assumptions 01/01/1994 $ 184,602 5 $ 42,810

2. Change in Actuarial Assumptions 01/01/1996 1,785,563 7 317,552

3. Change in Actuarial Assumptions 01/01/1999 148,198 10 20,452

4. Change in Actuarial Assumptions 01/01/2002 802,443 13 94,005

5. Experience Gain 01/01/2006 1,144,275 2 594,143

6. Experience Gain 01/01/2007 621,246 3 223,207

7. Experience Gain 01/01/2008 2,235,664 4 624,995

8. Method Change 01/01/2009 11,958,531 20 1,127,780

9. Recognized Portion of the 2008 ENIL 01/01/2010 6,878,112 19 663,149

10. Plan Amendment 01/01/2010 11,342,322 6 2,271,776

11. Bifurcation Base 01/01/2011 4,613,812 7 820,542

12. Bifurcation Base 01/01/2012 2,075,919 8 334,481

13. Bifurcation Base 01/01/2013 11,462,063 9 1,698,930

14. Bifurcation Base 01/01/2014 3,034,844 10 418,779

15. Experience Gain 01/01/2019 783,224 15 84,726

TOTAL CREDITS 59,070,818 $ 9,337,327

NET CHARGE $ 95,192,351 $ 11,651,374

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0341
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment H to 2019 Form 5500 Schedule MB 

Schedule MB, line 11 – Justification for Change in Actuarial Assumptions 

Changes: 

1. The RPA ’94 current liability interest rate was changed from 2.98% to 3.06% to comply with 

appropriate guidance. 

2. The RPA ’94 current liability mortality table was changed from the IRS 2018 Static Mortality 

Table to the IRS 2019 Static Mortality Table as prescribed under IRS regulations.

3. The administrative expense assumption was changed from $358,623 to $353,198 to better reflect 

recent experience by the Fund. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0342
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment D to 2019 Form 5500 Schedule MB 

Schedule MB, line 6 – Statement of Actuarial Assumptions/Methods 

A. Actuarial Assumptions 

1. Rates of Investment Return 

8.00% for funding and disclosure purposes. 

3.06% for determining RPA ’94 Current Liability. 

This interest rate is the top of the corridor established by 

law. 

All investment returns are net of investment expenses. 

2. Rates of Mortality 

RP 2000 Mortality Table with blue collar adjustment and 

generational mortality improvements. For Current Liability 

purposes, the 2019 Static Mortality Table as prescribed 

under IRS Regulations. 

3. Rates of Turnover

Double the combination of Sarason’s Advanced Pension 

Tables. Sample rates: 

Age Rate

20 24.77%

22 22.62

24 20.47

25 19.40

26 18.02

28 15.25

30 12.49

35 8.21

40 5.24

45 2.57

50 0.00

4. Rates of Retirement 

Age

Less than 

30 Years 

Service

30 

Years

Service

Over 30 

Years 

Service

51 – 59 0% 50% 10%

60 and over 100% 100% 100%

5. Rates of Disability

None assumed. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0343
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment D to 2019 Form 5500 Schedule MB 

Schedule MB, line 6 – Statement of Actuarial Assumptions/Methods 

6. Marriage Rates

Percentage married: Males – 80% 

 Females – 80% 

Age differences: Males are assumed to be three years 

older than spouse. 

7. Administrative Expenses

 $353,198 payable at the beginning of the year. Projected 

expenses incorporate an expense inflation assumption of 

3% per year. 

8. Active Participants

 All non-retired participants who have hours worked during 

the Plan Year ending December 31, 2018. 

9. Future Hours Worked By Active Participants

 

Each active participant will work average annual hours 

worked in the past three years, excluding the year of entry. 

No participant is assumed to work less than 870 hours per 

year. 

10. Contribution Rate Used for Determination of Minimum 

Flat Benefit 

The contribution rate in effect on January 1, 2019. 

11. Contribution Rate Used for Determination of 

Percentage of Contributions Benefit 

The contribution rate in effect on January 1, 2019. 

12. Participant Data 

This report is based upon employee data furnished by the 

Fund Administrator. All non-retired participants who have 

hours worked during the Plan Year ending December 31, 

2018 are assumed to be active participants as of January 1, 

2019 unless identified as having been terminated. 

13. Assets 

Provided by the independent auditors’ report as of 

December 31, 2018. 

The Actuarial Value of Assets is based on the market value 

with an adjustment to smooth appreciation or depreciation 

in the market value over the past five years. 

80% of the net appreciation or depreciation for the most 

recently completed plan year is removed from the value of 

the assets, 60% of the appreciation or depreciation for the 

year prior to that is removed, etc., until the fifth year prior 

to this plan year for which none of the appreciation or 

depreciation is removed. The Actuarial Value of Assets is 

adjusted, if necessary, to be within 80% to 120% of the 

Market Value of the Assets. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0344
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment D to 2019 Form 5500 Schedule MB 

Schedule MB, line 6 – Statement of Actuarial Assumptions/Methods 

14. Rehabilitation Plan Benefit Schedule 

In preparing our report and valuation results, all 

participating employers were valued under the Preferred 

Schedule as of January 1, 2019.

15. Choice of Assumptions 

Economic: The expected investment return was chosen by 

comparing long term real portfolio returns with inflation 

expectations. For a portfolio weighted 60% in US Large 

Cap equity and 40% in investment grade bonds the 25-year 

return ending on the valuation date was 8.26%, or a return 

in excess of inflation of approximately 6%. The Fund’s 

investments are invested more diversely than the model 

portfolio in expectation of generating higher returns but 

today’s inflation targets adopted by the Federal Reserv

e are lower than the experience over the last 25 years. A 

long-term rate return of a little over 8% would be indicated 

by history and Fed policy. 

Demographic: The demographic assumptions were last 

changed with the 2012 valuation. The gains and losses from 

demographic experience have been minor since then with 

the exception of a large number of actives becoming 

terminated vested due to their employer withdrawing from 

the Fund which is not part of a demographic assumption 

set. An experience study will be performed in conjunction 

with the 2020 valuation. 

16. Changes in Assumptions since Last Valuation 

The administrative expense assumption was changed from 

$358,623 to $353,198 to better reflect recent experience. 

The RPA ’94 Current Liability interest rate was changed 

from 2.98% to 3.06% and the RPA ’94 Current Liability 

mortality table was changed from the IRS 2018 Static 

Mortality Table to the IRS 2019 Static Mortality Table to 

comply with appropriate guidance. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0345
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment D to 2019 Form 5500 Schedule MB 

Schedule MB, line 6 – Statement of Actuarial Assumptions/Methods 

B. Actuarial Methods 

1. Asset Valuation Method 

The Actuarial Value of Assets is determined in accordance 

with Section 3.16 of Revenue Procedure 2000-40 using a 

five-year smoothing period. Specifically, the Actuarial 

Value of Assets as of January 1, 2006 is set equal to the 

Market Value of Assets. For each subsequent plan year, the 

Actuarial Value shall be the Market Value minus a 

decreasing fraction (4/5, 3/5, 2/5, 1/5) of each gain or loss 

for each of the preceding four plan years except for 2008 

market losses which are recognized at 10% a year due to 

funding relief. Gains or losses prior to January 1, 2006 are 

ignored. 

The resulting Actuarial Value of Assets is then limited to 

be no greater than 120% and no less than 80% of the 

Market Value of Assets on the valuation date. 

2. Funding Method: Entry Age Normal Cost Method 

Under the Entry Age Normal Cost Method, the individual 

Entry Age Normal cost is determined for each participant 

by calculating the level annual contribution required to 

fund that individual’s expected benefits based on the 

current Plan provisions over the participant’s expected 

active working lifetime with the Fund at entry. 

At the valuation date, the present value of future normal 

cost is calculated for each individual participant by 

multiplying the Entry Age Normal cost by the present value 

of the participant’s expected future active working lifetime 

with the Fund. The cost for each participant is then 

summed to yield the present value of future normal costs. 

The excess of the present value of future benefits for all 

individuals at the valuation date over the present value of 

future normal costs is called the Actuarial Liability, or past 

service liability. 

The excess, if any, of the Actuarial Liability over the 

Actuarial Value of Assets is known as the unfunded 

Accrued Liability. If the Actuarial Value of Assets exceeds 

the Actuarial Liability, the Fund may have a surplus. 

3. PRA 2010 Funding Relief 

The Fund’s Board of Trustees elected funding relief under 

§431(b)(8) of the Code and §304(b)(8) of ERISA, 

specifically: 

 The “special amortization rule,” which allows the 

Fund’s investment losses for the plan year ended 

December 31, 2008 be separately amortized over 29 

years. 

4. Changes in Actuarial Methods since Last Valuation 

None. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0346
Warehouse Employees Union Local No. 730 Pension Trust 

EIN: 52-6124754 

Plan Number: 001 

Attachments to 2019 Schedule MB of Form 5500 

Attachment Description

A Line 3 – Withdrawal Liability Amounts

B Line 4b – Illustration Supporting Actuarial Certification Status

B

Line 4c – Documentation Regarding Progress Under Funding 

Improvement or Rehabilitation Plan

B Line 4f – Cash Flow Projections

C Line 6 – Summary of Plan Provisions

D Line 6 – Statement of Actuarial Assumptions / Methods

E Line 8b(1) – Schedule of Projection of Expected Benefit Payments

F Line 8b(2) – Schedule of Active Participant Data

G Lines 9c and 9h – Schedule of Funding Standard Account Bases

H Line 11 – Justification for Change in Actuarial Assumptions

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0347
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment A to 2019 Form 5500 Schedule MB 

Schedule MB, line 3 – Withdrawal Liability Amounts 

Date

February 21, 2019 $ 165,918.50 

May 20, 2019 165,918.50

August 13, 2019 165,918.50

November 14, 2019 165,918.50

Withdrawal Liability 

Payment

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0348
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment B to 2019 Form 5500 Schedule MB 

Schedule MB, line 4b – Illustration Supporting Actuarial Certification Status 

Support for the Plan’s Critical and Declining status can be found in the attached PPA certification. 

Schedule MB, line 4c – Documentation Regarding Progress Under Funding Improvement or 

Rehabilitation Plan 

Pursuant to ERISA Section 305(e)(3)(A)(ii), the Board of Trustees has adopted a Rehabilitation Plan to 

forestall insolvency as defined in ERISA Section 4245. The Rehabilitation Plan removes some 

adjustable benefits and requires contribution increases from all employers to match those affordable to 

the largest employer. The current required increases are 4.9% per year. Currently, all active employers 

are increasing contribution rates by 4.9% annually. On this basis, and also considering lack of guidance 

from the Internal Revenue Service, we are certifying that the Fund is making the scheduled progress in 

meeting the requirements of its Rehabilitation Plan as discussed in ERISA Section 305(b)(3)(A)(ii). 

Schedule MB, line 4f – Cash Flow Projections 

The chart below shows a projection of the assets of the Fund over the next 13 years. The projection 

indicates that the Fund is expected to run out of assets during the 2032 Plan Year. 

Market Value Projected Projected Benefits Projected Investment

Date Assets Contributions and Expenses Earnings

1/1/2020 $ 158,996,891 $ 4,734,451 $ 23,408,089 $ 11,987,175 

1/1/2021 152,310,428 4,932,119 23,770,475 11,445,796

1/1/2022 144,917,869 5,140,603 24,225,727 10,844,711

1/1/2023 136,677,455 5,360,004 24,984,294 10,164,326

1/1/2024 127,217,490 5,590,591 25,842,814 9,382,895

1/1/2025 116,348,162 5,832,500 26,865,217 8,482,729

1/1/2026 103,798,175 6,086,287 27,255,535 7,473,374

1/1/2027 90,102,301 6,352,535 27,629,618 6,373,474

1/1/2028 75,198,692 6,631,855 27,902,466 5,181,439

1/1/2029 59,109,520 6,924,889 27,358,377 3,927,146

1/1/2030 42,603,177 7,232,312 27,416,971 2,616,400

1/1/2031 25,034,918 7,554,829 26,978,169 1,240,806

1/1/2032 6,852,384 7,893,181 26,170,173 0

1/1/2033 0 7,584,472 25,474,924 -701,851

The projection of future contributions is based on the Trustees’ estimate of future industry activity 

multiplied by the contribution rates contained in the curent collective bargaining agreements under 

which the Fund is maintained. Future Withdrawal Liability payments by McKesson Drug Corporation 

are included. Additionally, future adminisrative expenses are assumed to increase 3% per year. 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0349
Plan Name: Warehouse Employees Union Local No. 730 Pension Trust 

Plan Sponsor EIN / Plan Number: 52-6124754 / 001 

Attachment E to 2019 Form 5500 Schedule MB 

Schedule MB, line 8b(1) – Schedule of Projection of Expected Benefit Payments 

Plan Year

2019 $ 22,154,769 

2020 22,911,081

2021 23,221,336

2022 23,604,737

2023 24,308,424

2024 25,110,641

2025 26,034,000

2026 26,333,418

2027 26,582,160

2028 26,753,101

Expected Annual 

Benefit Payments

Notes on the Expected Annual Benefit Payments: 

 Based on the 2019 funding assumptions 

 Amounts are payable mid-year 

 Per the 5500 instructions they do not include additional accruals, new entrants, or expected 

expenses 

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0350
Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0351
Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0352
Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0353
SEE ACCOUNTANT’S OPINION FOR SCHEDULE

OF FIVE PERCENT TRANSACTIONS

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0354
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Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0355
Schedule MB (Form 5500) 2019 Page 2 - 1- x

2 Operational information as of beginning of this plan year:

a Current value of assets (see instructions) ............................................................................................................... 2a -123456789012345

b “RPA ‘94” current liability/participant count breakdown: (1) Number of participants (2) Current liability

(1) For retired participants and beneficiaries receiving payment ................................... 12345678 -123456789012345

(2) For terminated vested participants .......................................................................... 12345678 -123456789012345

(3) For active participants:

(a) Non-vested benefits.......................................................................................... -123456789012345

(b) Vested benefits................................................................................................. -123456789012345

(c) Total active....................................................................................................... -123456789012345

(4) Total ....................................................................................................................... 12345678 -123456789012345

c If the percentage resulting from dividing line 2a by line 2b(4), column (2), is less than 70%, enter such 

percentage ........................................................................................................................................................... 2c 123.12%

3 Contributions made to the plan for the plan year by employer(s) and employees:

(a) Date 

(MM-DD-YYYY)

(b) Amount paid by 

employer(s)

(c) Amount paid by 

employees

(a) Date 

(MM-DD-YYYY)

(b) Amount paid by 

employer(s)

c) Amount paid by 

employees

Totals ► 3(b) 3(c)

4 Information on plan status:

 a Funded percentage for monitoring plan’s status (line 1b(2) divided by line 1c(3)) ................................................ 4a %

 b Enter code to indicate plan’s status (see instructions for attachment of supporting evidence of plan’s status). If 

entered code is “N,” go to line 5 ..................................................................................................... 4b

 c Is the plan making the scheduled progress under any applicable funding improvement or rehabilitation plan? .............................................................X Yes X No

 d If the plan is in critical status or critical and declining status, were any benefits reduced (see instructions)? .................................................X Yes X No

e If line d is “Yes,” enter the reduction in liability resulting from the reduction in benefits (see instructions), 

measured as of the valuation date ...................................................................................................................... 4e -123456789012345

f If the rehabilitation plan projects emergence from critical status or critical and declining status, enter the plan 

year in which it is projected to emerge. 

 If the rehabilitation plan is based on forestalling possible insolvency, enter the plan year in which insolvency is 

expected and check here ........................................................................................................................ 

4f

5 Actuarial cost method used as the basis for this plan year’s funding standard account computations (check all that apply):

a X Attained age normal b X Entry age normal c X Accrued benefit (unit credit) d X Aggregate

e X Frozen initial liability f X Individual level premium g X Individual aggregate h X Shortfall

i X Other (specify):_

____________________________________________________________________________ 

j If box h is checked, enter period of use of shortfall method................................................................................... 5j YYYY-MM-DD

k Has a change been made in funding method for this plan year? ...................................................................................................................X Yes X No

l If line k is “Yes,” was the change made pursuant to Revenue Procedure 2000-40 or other automatic approval?...........................................X Yes X No

m If line k is “Yes,” and line l is “No,” enter the date (MM-DD-YYYY) of the ruling letter (individual or class) 

approving the change in funding method .............................................................................................................. 5m YYYY-MM-DD

153,296,273

1,001 233,405,161

738 157,595,714

3,419,001

80,337,901

301 83,756,902

2,040 474,757,777

32.29

4,543,402

4,543,402 0

57.5

D

X

X

X

2032

X

X

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0356
Schedule MB (Form 5500) 2019 Page 3 - 1- x

6 Checklist of certain actuarial assumptions:

a Interest rate for “RPA ‘94” current liability..................................................................................................................................... 6a 123.12%

Pre-retirement Post-retirement

b Rates specified in insurance or annuity contracts.................................... X Yes X No X N/A X Yes X No X N/A

c Mortality table code for valuation purposes:

(1) Males ................................................................................... 6c(1)

(2) Females ............................................................................... 6c(2)

d Valuation liability interest rate ..................................................... 6d 123.12% 123.12%

e Expense loading ......................................................................... 6e 123.12% X N/A 123.12% X N/A

f Salary scale................................................................................ 6f 123.12% X N/A 

g Estimated investment return on actuarial value of assets for year ending on the valuation date..................... 6g -123.1%

h Estimated investment return on current value of assets for year ending on the valuation date ....................... 6h -123.1%

7 New amortization bases established in the current plan year:

(1) Type of base (2) Initial balance (3) Amortization Charge/Credit

A -123456789012345 -123456789012345

A -123456789012345 -123456789012345

A -123456789012345 -123456789012345

8 Miscellaneous information:

a If a waiver of a funding deficiency has been approved for this plan year, enter the date (MM-DD-YYYY) of 

the ruling letter granting the approval............................................................................................................ 8a YYYY-MM-DD

 b(1) Is the plan required to provide a projection of expected benefit payments? (See the instructions.) If “Yes,” 

attach a schedule...................................................................................................................................................... X Yes X No

b(2) Is the plan required to provide a Schedule of Active Participant Data? (See the instructions.) If “Yes,” attach a 

 schedule................................................................................................................................................................... X Yes X No

c Are any of the plan’s amortization bases operating under an extension of time under section 412(e) (as in effect 

prior to 2008) or section 431(d) of the Code?................................................................................................................ X Yes X No

d If line c is “Yes,” provide the following additional information:

(1) Was an extension granted automatic approval under section 431(d)(1) of the Code?............................. X Yes X No

(2) If line 8d(1) is “Yes,” enter the number of years by which the amortization period was extended ............ 8d(2) 12

(3) Was an extension approved by the Internal Revenue Service under section 412(e) (as in effect prior 

to 2008) or 431(d)(2) of the Code?.......................................................................................................... X Yes X No

(4) If line 8d(3) is “Yes,” enter number of years by which the amortization period was extended (not 

including the number of years in line (2))................................................................................................. 8d(4) 12

(5) If line 8d(3) is “Yes,” enter the date of the ruling letter approving the extension ...................................... 8d(5) YYYY-MM-DD

(6) If line 8d(3) is “Yes,” is the amortization base eligible for amortization using interest rates applicable under 

section 6621(b) of the Code for years beginning after 2007? .................................................................................. X Yes X No

e If box 5h is checked or line 8c is “Yes,” enter the difference between the minimum required contribution 

for the year and the minimum that would have been required without using the shortfall method or 

extending the amortization base(s) ...............................................................................................................

8e

-123456789012345

9 Funding standard account statement for this plan year:

Charges to funding standard account:

a Prior year funding deficiency, if any .............................................................................................................. 9a -123456789012345

b Employer’s normal cost for plan year as of valuation date............................................................................. 9b -123456789012345

c Amortization charges as of valuation date: Outstanding balance

(1) All bases except funding waivers and certain bases for which the 

amortization period has been extended ............................................ 9c(1) -123456789012345 -123456789012345

(2) Funding waivers ............................................................................... 9c(2) -123456789012345 -123456789012345

(3) Certain bases for which the amortization period has been 

extended .......................................................................................... 9c(3) -123456789012345 -123456789012345

d Interest as applicable on lines 9a, 9b, and 9c................................................................................................ 9d -123456789012345

e Total charges. Add lines 9a through 9d......................................................................................................... 9e -123456789012345

3.06

X X

11P 11P

11FP 11FP

8.00 8.00

49.9 X

X

7.4

-0.2

1 -783,224 -84,726

X

X

X

X

5

X

-2,178,215

25,845,291

1,061,243

154,263,169 20,988,701

0 0

0 0

3,831,619

51,726,854

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0357
Schedule MB (Form 5500) 2019 Page 4 

Credits to funding standard account:

f Prior year credit balance, if any..................................................................................................................... 9f -123456789012345

 g Employer contributions. Total from column (b) of line 3................................................................................. 9g -123456789012345

Outstanding balance

h Amortization credits as of valuation date................................................ 9h -123456789012345 -123456789012345

i Interest as applicable to end of plan year on lines 9f, 9g, and 9h .................................................................. 9i -123456789012345

j Full funding limitation (FFL) and credits:

(1) ERISA FFL (accrued liability FFL)........................................................... 9j(1) -123456789012345

(2) “RPA ‘94” override (90% current liability FFL) ......................................... 9j(2) -123456789012345

(3) FFL credit.............................................................................................................................................. 9j(3) -123456789012345

k (1) Waived funding deficiency..................................................................................................................... 9k(1) -123456789012345

(2) Other credits ......................................................................................................................................... 9k(2) -123456789012345

l Total credits. Add lines 9f through 9i, 9j(3), 9k(1), and 9k(2).......................................................................... 9l -123456789012345

m Credit balance: If line 9l is greater than line 9e, enter the difference.............................................................. 9m -123456789012345

n Funding deficiency: If line 9e is greater than line 9l, enter the difference....................................................... 9n -123456789012345

9 o Current year’s accumulated reconciliation account:

(1) Due to waived funding deficiency accumulated prior to the 2019 plan year....................................... 9o(1) -123456789012345

(2) Due to amortization bases extended and amortized using the interest rate under section 6621(b) of the Code:

(a) Reconciliation outstanding balance as of valuation date ............................................................. 9o(2)(a) -123456789012345

(b) Reconciliation amount (line 9c(3) balance minus line 9o(2)(a))................................................... 9o(2)(b) -123456789012345

(3) Total as of valuation date .................................................................................................................. 9o(3) -123456789012345

10 Contribution necessary to avoid an accumulated funding deficiency. (See instructions.)........................... 10 -123456789012345

11 Has a change been made in the actuarial assumptions for the current plan year? If “Yes,” see instructions.................. X Yes X No

0

4,543,402

59,070,818 9,337,327

925,226

109,288,861

274,961,343

0

0

0

14,805,955

36,920,899

0

0

0

0

36,920,899

X

Exhibit 7.08 

Most Recent Form 5500 (Checklist Item #39)

IBT730-0358
2020 UPDATED REHABILITATION PLAN

FOR THE

WAREHOUSE EMPLOYEES UNION LOCAL NO. 730 PENSION TRUST FUND

I. Introduction

On March 29, 2019, the actuary of the Warehouse Employees Union Local No. 730 

Pension Trust Fund (the “Fund”) certified that the Fund is in Critical and Declining Status for the 

2019 Plan Year for the purposes of the Employee Retirement Income Security Act (“ERISA”) as 

amended by the Pension Protection Act of 2006 (“PPA”). The Fund has been in Critical Status 

since 2009.

As required by law, the Board of Trustees sent a Notice of Critical and Declining Status 

to participants, beneficiaries, Local 730 as the participating union, the participating employers 

(“Employers”), the Pension Benefit Guaranty Corporation and the Department of Labor, 

advising that the Fund is in Critical and Declining Status for the 2019 Plan Year and describing 

the consequences of being in Critical and Declining Status. Similar notices have been 

distributed annually since the Fund first entered Critical Status in 2009.

As a result of being in Critical Status the Trustees adopted a Rehabilitation Plan on 

November 26, 2009 and have continued to approve the plan until this revision. The Fund’s 

Rehabilitation Period began on January 1, 2012, and was scheduled to run until December 31, 

2024 because the Fund elected to extend its ten-year Rehabilitation Period by an additional 

three years as permitted under Section 205 of the Worker, Retiree and Employer Recovery Act 

of 2008. Generally, the Fund must emerge from Critical Status by the end of its thirteen-year 

Rehabilitation Period, as defined under ERISA. However, the Fund’s Board of Trustees has 

determined that, based on reasonable actuarial assumptions and upon exhaustion of all 

reasonable measures, the Fund cannot be reasonably expected to emerge from critical status 

by the end of the Rehabilitation Period. Pursuant to ERISA Section 305(e)(3)(A)(ii), the Board of 

Trustees adopted this 2020 Updated Rehabilitation Plan to enable the Fund to emerge from 

critical status at a time later than the end of the extended Rehabilitation Period or to forestall 

possible insolvency (as defined by ERISA Section 4245).

This 2020 Updated Rehabilitation Plan is based on reasonable assumptions about how 

the Fund’s assets and liabilities will change in the coming years, particularly as a result of 

changes in the Fund’s level of participation. The Board of Trustees will review the Fund’s 

Rehabilitation Plan and will update the Rehabilitation Plan as required by law to the extent 

necessary to enable the Fund to emerge from critical status at a later time than the end of the 

Rehabilitation Period or to forestall possible insolvency. In addition, the Board of Trustees will 

continue to consider all options available to the Fund, including but not limited to reducing 

Fund expenditures, taking advantage of any changes in law, or exploring a merger with another 

plan. The Board of Trustees has the sole discretion to amend and construe this Rehabilitation 

Plan.

Exhibit 7.09 

Most recently updated Rehabilitation Plan (Checklist Item #40)

IBT730-0359
Given the findings of the Trustees described in Section II of this Rehabilitation Plan, the 

Trustees will send the entire updated Rehabilitation Plan to the Union and the Employers. The 

Board of Trustees will update this Rehabilitation Plan, as required by law. The Board of Trustees 

has the sole discretion to amend and construe this Rehabilitation Plan.

II. Determination that Section 305(e)(3)(A)(ii) of ERISA Applies

The Board of Trustees considered alternatives to enable the Fund to emerge from 

Critical Status by the end of the Rehabilitation Period. The alternatives considered were based 

on projections by the Fund’s actuary using reasonable actuarial assumptions. The Fund’s 

actuary projected that Employer contribution rates beginning with 2020 contract anniversaries 

would have to be increased by 60% every year from when the current contracts expire until 

2024 for the Fund to emerge from Critical Status by the end of the rehabilitation period. 

The Board of Trustees considered whether it would be reasonable to expect the Fund’s 

largest Employers and the Union to negotiate the increased Employer contributions necessary 

for the Fund to emerge from Critical Status prior to the end of the Rehabilitation Period. The 

Trustees concluded that the contribution rate increases stated above, as necessary for the 

Fund to emerge from Critical Status by the end of the Fund’s Rehabilitation Period, are not 

reasonable and likely could not be negotiated. Therefore the possible outcome of collective 

bargaining over such extreme rate increases would be negotiated withdrawals from the fund. 

Upon a mass withdrawal, while the Employer withdrawal liability payments are fixed, 

participant benefits are at risk for further reduction if Employer liability payments are not 

collected and the Fund becomes insolvent, thus reducing benefits to the PBGC guaranteed 

levels.

Based on the above-referenced information and analysis, the Board of Trustees has 

determined that, upon exhaustion of all reasonable measures, the Fund cannot reasonably 

be expected to emerge from Critical Status by the end of the Rehabilitation Period.

III. Alternatives Considered

The Board of Trustees noted that the bargaining parties largest employers best know 

the competitive market and the Employers’ potential future in the market. Therefore it would 

be most prudent to be informed by the parties’ negotiations which have most recently yielded 

a 4.9% annual rate increase. The Trustees have reviewed that result and have no objective 

reason to reject it. Therefore, the Trustees adopt the 4.9% annual increases for the bargaining 

parties as contracts continue or expire. 

IV. Actions to be Taken by the Board of Trustees

The Fund’s Board of Trustees will review the Fund’s Rehabilitation Plan as required by 

law, and will update the Rehabilitation Plan as required by law to enable the Fund to emerge 

Exhibit 7.09 

Most recently updated Rehabilitation Plan (Checklist Item #40)

IBT730-0360
from critical status at a later time (than the end of the Rehabilitation Period) or to forestall 

possible insolvency. In addition, the Board of Trustees will consider all options available to the 

Fund, including but not limited to reducing Fund expenditures, that may assist the Fund in 

emerging from Critical Status.

V. Annual Standards for Meeting the Requirements of this Rehabilitation Plan

The Fund will make adequate progress, to the extent reasonable based on financial 

markets activity and other relevant factors, toward enabling the Fund to emerge from critical 

status at a later time (than the end of the Rehabilitation Period) or to forestall possible 

insolvency, because, based on reasonable actuarial assumptions and upon the exhaustion of all 

reasonable measures, the Fund is not expected to emerge from Critical Status by the end of the 

Rehabilitation Period.

Exhibit 7.09 

Most recently updated Rehabilitation Plan (Checklist Item #40)

IBT730-0361