RESOLUTION ADOPTING THE 2019 RESTATEMENT AND CHANGING THE TRUSTEE OF THE PHILADELPHIA BAR ASSOCIATION PENSION PLAN

WHEREAS, the Philadelphia Bar Association (the “Association”) maintains the Philadelphia Bar Association Pension Plan (the “Plan”); and

WHEREAS, the Association desires to amend and restate the Plan effective January 1, 2019; and

WHEREAS, the Association desires to remove TD Ameritrade and appoint AdvisorTrust, Inc. as the Plan trustee, effective January 1, 2019.

NOW THEREFORE, in accordance with the authority granted to them under the Plan, the Board of Governors hereby takes the following action:

RESOLVED, that the Association hereby amends and restates the Plan, effective as of January 1, 2019, substantially in the form provided by Professional Capital Services;

FURTHER RESOLVED, that the Association hereby removes TD Ameritrade as the Plan Trustee, effective as of the close of business on December 31, 2018;

FURTHER RESOLVED, that the Association hereby appoints AdvisorTrust, Inc. as the directed trustee of the Plan, effective January 1, 2019;

FURTHER RESOLVED, that the Association hereby authorizes and directs the Executive Director to take such other and further actions as the Executive Director may deem necessary or appropriate, in consultation with the Pension Committee, to effectuate the intent of the foregoing resolutions.

PHILADELPHIA BAR ASSOCIATION
BOARD OF GOVERNORS
ADOPTED: December 13, 2018