Free Declaration - District Court of Delaware - Delaware

Case 1 :05-cv—00843-GIVIS Document 12 Filed 03/31 /2006 Page 1 of 2
IN THE UNITED STATES DISTRICT COURT
V FOR THE DISTRICT OF DELAWARE
éiijirlilé`§`Ei£iBZ`§§§ii}H§Er3`§X§6§Z ``'E- ,
UNITED STATES DEPARTMENT OF LABOR,
: CIVIL ACTION
Plaintiff,
v_ ; No. 05-343 (GMS}
IT FACTORY SOLUTION, INC., and PUTNAM 2
FHDUCIARY TRUST COMPANY»
QECLARATION OF JACQUELQNE M. CAQN/I1C[E__IA EL
1, Jacqueline M. Carmichael, hereby make this declaration pursuant to Section
I746 of Title 23 of the United States Code:
1. I am president of JM Pension Advisory Inc., 15807 Crabbs Branch Way,
Suite B, Derwood, Maryland, 20855, (301) 417—0099,
2, I have served as a plan aclmiuistrator and consultant for qualified pension
plans for more than twenty (20) years.
3. For the past four years, i have served as independent iduciary for over
eighty (80) "orphar1” or troubled qualiicd pension plans-
4. 1 am a member in good standing of the American Society of Pension
Professionals and Actuaries and hold two professional designations iiom this society:
QPA (Qualified Plan Administrator) and QKA (Qualified 401(k) Plan Adrninistrator).
5. I received a B-B.A. degree hom the George Washington University in
1980.
6. I regularly teach continuing education courses for certiiied public
accountants (CP/ts) regarding, various qualified retirement plan issues.
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ase 1 .05 cv 00843 GIVIS Document 12 Filed 03/31/2006 Page 2 Or 2
7. I have agreed to serve as the independent tiduciary for the Solutions by
Design, Imc. Money Purchase Plan ("tl1e Plan").
8, My duties as independent fiduciary for the Plan will be to administer the
Plan in order to effectuate its terminatioii, including the distribution of Plan assets to the
participants and beneficiaries.
9. I have agreed to perform the duties set forth in paragaphs 7 and 8 for the P
amount of $7,700.
The foregoing statements are time and correct to the fullest extent of my
lmowleclge, infomation and belief. 1 so declare under penalty of perjmy.
Date: Jacq armichael
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