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SOUND RETIREMENT | 2

YOUR SUMMARY PLAN DESCRIPTION

We are pleased to present this Summary Plan Description
(“SPD” or “booklet”) explaining the pension benefits provided
under the Sound Retirement Plan (“Plan document”) through
the Sound Retirement Trust (“Sound Trust”), formerly known as
the Retail Clerks Pension Trust (“Clerks Trust”). We suggest you
review this material carefully in order to take full advantage of
the benefits provided. This SPD explains the basic rules of the
Plan as of July 1, 2017. This SPD is only a summary of the rules
and procedures of the Plan document. You should refer to this
booklet whenever you need general information about your Plan
and benefits. However, if there is a conflict between the terms of
the Plan document and this booklet, the official plan document
will govern.

Special Provisions for Current Drug and Meat Employees and
Former Drug and Meat Plan Participants

In general, this summary plan description describes the benefit
you earn on or after October 1, 2016 under the Sound Plan. This
booklet also includes information on the benefits for certain
former participants in the Retail Drug Employees Pension Trust
(“Drug Plan”) as of October 1, 2008 and for certain former
participants in the Washington Meat Industry Pension Trust
(“Meat Plan”) as of July 1, 2014 who became participants in the
Sound Plan. Certain former and current Drug Plan and Meat
Plan participants have different provisions that apply to their
pension benefit. These differences are discussed in the following
Appendices:

 Appendix A applies to Drug employees hired on or after
October 1, 2008.
 Appendix B applies to former Drug Plan participants who
earned pension benefits before October 1, 2008 and began
participation in the Sound Plan on that date.

 Appendix C applies to Meat employees hired on or after July 1,
2014.

 Appendix D applies to former Meat Plan participants who
earned pension benefits before July 1, 2014 and began
participation in the Sound Plan on that date.

If you were a participant in either the Drug Plan or the Meat
Plan but you were never employed in a job covered by the
Sound Plan after the respective merger dates, your benefits are
determined under the terms of the Drug Plan or Meat Plan before
each merger. If you have questions about how these different
provisions apply to you, please contact the Administrative Office
at (206) 282-4500 or (800) 225-7620.