(A) The employer and the plan administrator understand that the plan-trustee’s duties under this plan-trust declaration are solely ministerial.
(B) The plan-trustee shall not be responsible for any act or omission of the plan-trustee, including the plan-trustee’s own willful non-feasance, misfeasance, malfeasance, unless such act or omission is a breach of the plan-trustee’s standard of care under § 36.153.
(C) The plan-trustee shall not be responsible for any act or omission of any predecessor plan-trustee.
(D) The plan-trustee shall not be responsible for any act or omission of any nominee, custodian, depository, accountant, counsel or agent selected with reasonable care.
(E) The plan-trustee shall not be responsible for any selection, decision or instruction made by the employer or the Plan Administrator.
(Ord. NIRC 97-1, passed 1-15-1997)