Mcanany Van Cleave and Phillips Welfare Benefit Plan

The activities of the trust are carried out by the Plan administrator under the direction of the trustees and are conducted at the offices of the Plan sponsor, mvp. The trust is funded by employer contributions and participating employee contributions. The Plan administrator under the guidance of the trustees has established and implemented a funding policy to insure the Plan has sufficient assets readily available to meet its obligations. All the trust's expenses are allocated to this activity, except any taxes or administrative fees that the trust is liable for may also be paid from the trust as provided by the trust document. These activities further the exempt purpose of the veba trust under section 501 (c)(9) of the internal revenue code by providing benefits to the eligible employees of mvp and their eligible dependents.