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the Agency's Plan. The Trust Administrator shall be separately compensated for such service and such <br />services shall not be deemed to be contrary to the Trust Agreement. <br />3.7 Trust Administrator's Compensation. As may be agreed upon from time to time by the <br />Agency and Trust Administrator, the Trust Administrator will be paid reasonable compensation for <br />services rendered or reimbursed for expenses properly and actually incurred in the performance of duties <br />with respect to the Trust in accordance with Section 53217 of the California Government Code. <br />3.8 Resignation or Removal of Trust Administrator. The Trust Administrator may resign at any <br />time by giving at least one hundred twenty (120) days written notice to the Plan Administrator and the <br />Trustee. <br />ARTICLE IV <br />TRUSTEE'S DUTIES <br />4.1 Powers Subject to Duties. The Trustee shall exercise any of the foregoing powers from time <br />to time as required by any applicable federal or state law. <br />4.2 Records. The Trustee shall maintain or cause to be maintained suitable records, data and <br />information relating to its functions hereunder. The Trustee shall keep accurate and detailed accounts of <br />all investments, receipts, disbursements and other actions hereunder. Its books and records relating to <br />the Trust shall be open to inspection and audit at all reasonable times by the Agency, the Plan <br />Administrator or their duly authorized representatives. <br />4.3 Accounts. Within ninety days after the close of each Plan Year and within ninety days after <br />the resignation or removal of the Trustee as provided in Article VI hereof, the Trustee shall render to the <br />Agency a written account showing in reasonable summary the investments, receipts, disbursements and <br />other transactions engaged in by the Trustee during the preceding Plan Year or accounting period with <br />respect to the Trust. Such written accounts shall set forth the assets and liabilities of the Trust. The <br />Agency or Plan Administrator shall have ninety days after the Trustee's mailing of each such written <br />account within which to file with the Trustee written objections. Upon the expiration of each such <br />period, the Trustee shall be forever released and discharged from all liability and accountability to the <br />Agency, the Plan Administrator and Participants with respect to the propriety of its acts and transactions <br />shown in such account except with respect to any such acts or transactions as to which the Agency files <br />written objections within such ninety-day period with the Trustee. <br />4.4 Reports. The Trustee shall file such descriptions and reports and shall furnish such <br />information and make such other publications, disclosures, registrations and other filings as are required <br />of the Trustee by the Code or any other applicable law or regulation. <br />4.5 Follow Plan Administrator and Investment Manner Direction. The Trustee shall have the <br />power and duty to comply promptly with all proper directions of the Plan Administrator, the Agency, <br />and any duly appointed investment manager. Except as to investment directions received from the Plan <br />Administrator or investment manager, the Trustee shall not act on any directions or requests received <br />from Participants. <br />12 <br />55A-30