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        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 2</ReturnReference>
        <Explanation>IBEW LOCAL UNION NO. 130 IBEW LOCAL UNION NO. 130 CHAIRMAN TRUSTEE BOTH WORK FOR LOCAL 130 IBEW LOCAL UNION NO. 130 IBEW LOCAL UNION NO. 130 CHAIRMAN TRUSTEE BOTH WORK FOR LOCAL 130 IBEW LOCAL UNION NO. 130 IBEW LOCAL UNION NO. 130 TRUSTEE TRUSTEE BOTH WORK FOR LOCAL 130</Explanation>
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      <GeneralExplanation>
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        <Explanation>SOUTHERN BENEFIT ADMINISTRATORS, INC.</Explanation>
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        <Explanation>UNION TRUSTEES ARE APPOINTED TO THE BOARD BY IBEW LOCAL UNION NO. 130 WHILE MANAGEMENT TRUSTEES ARE APPOINTED BY THE NECA, SOUTH LOUISIANA CHAPTER.</Explanation>
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        <Explanation>THE FORM 990 IS REVIEWED AND APPROVED BY THE ENTIRE BOARD OF TRUSTEES. IT IS THEN SIGNED AND FILED.</Explanation>
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        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
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        <Explanation>THE MEMBERS OF THE BOARD OF TRUSTEES ARE NOT COMPENSATED IN ANY WAY. A THIRD PARTY ADMINISTRATOR WAS HIRED BY THE BOARD OF TRUSTEES TO MANAGE THE FUND AND WAS SELECTED, HAD ITS QUALIFICATIONS REVIEWED AND COMPENSATION DETERMINED BY COMPETITIVE COMPARISON BY THE ENTIRE BOARD OF TRUSTEES.</Explanation>
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      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>THE MEMBERS OF THE BOARD OF TRUSTEES ARE NOT COMPENSATED IN ANY WAY. A THIRD PARTY ADMINISTRATOR WAS HIRED BY THE BOARD OF TRUSTEES TO MANAGE THE FUND AND WAS SELECTED, HAD ITS QUALIFICATIONS REVIEWED AND COMPENSATION DETERMINED BY COMPETITIVE COMPARISON BY THE ENTIRE BOARD OF TRUSTEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>AVAILABE UPON REQUEST. ALL MAILOUTS AND COMMUNICATIONS INCLUDE REFERENCE TO DOCUMENTS BEING AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>