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        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE TRUST ESTABLISHED UNDER THE PLAN HOLDS A SIGNIFICANT PORTION OF THE PLAN'S ASSETS AND IS QUALIFIED PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC), AND ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE PLAN ADMINISTRATOR HAS OBTAINED A FAVORABLE DETERMINATION LETTER FROM THE IRS DATED DECEMBER 13, 1982, WHICH INDICATES THE TRUST IS DESIGNED IN ACCORDANCE WITH APPLICABLE SECTIONS OF THE IRC. THE TRUST HAS BEEN AMENDED SINCE THE APPLICATION FOR THE DETERMINATION LETTER WAS FILED. HOWEVER, THE PLAN'S MANAGEMENT BELIEVES THAT THE TRUST IS CURRENTLY DESIGNED AND BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC. 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. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.</ExplanationTxt>
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        <ExplanationTxt>THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A DRAFT OF 990 WAS REVIEWED AND APPROVED BY COMMITTEE MEMBERS VIA EMAIL BEFORE TRANSMISSION OF ELECTRONIC FILING</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL MEMBERS OF THE GOVERNING BODY ARE FULL-TIME EMPLOYEES OF THE COMPANY THAT SPONSORS THE PLAN CONFIDENTIALITY AND CONFLICT OF INTEREST DISCLOSURE REQUIREMENTS ARE REVIEWED AT LEAST ANNUALLY DURING GOVERNING BODY MEETINGS</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>SUMMARY ANNUAL REPORT IS DISTRIBUTED ANNUALLY TO ALL PLAN PARTICIPANTS PER ERISA REQUIREMENTS LAST PARAGRAPH LISTS CONTACT INFORMATION FOR COPIES OF FINANCIAL STATEMENTS</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI:</FormAndLineReferenceDesc>
        <ExplanationTxt>ARGENT TRUST CO OF LAPO DRAWER 1410 RUSTON, LA 71273</ExplanationTxt>
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