<SEC-DOCUMENT>0001157523-20-000915.txt : 20200618
<SEC-HEADER>0001157523-20-000915.hdr.sgml : 20200618
<ACCEPTANCE-DATETIME>20200618154437
ACCESSION NUMBER:		0001157523-20-000915
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20191231
FILED AS OF DATE:		20200618
DATE AS OF CHANGE:		20200618

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEMED CORP
		CENTRAL INDEX KEY:			0000019584
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HOME HEALTH CARE SERVICES [8082]
		IRS NUMBER:				310791746
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08351
		FILM NUMBER:		20972368

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 2600
		STREET 2:		255 E FIFTH ST
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202
		BUSINESS PHONE:		(513)762-6690

	MAIL ADDRESS:	
		STREET 1:		SUITE 2600
		STREET 2:		255 E FIFTH STREET
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45202-4726

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROTO-ROOTER INC
		DATE OF NAME CHANGE:	20030613

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHEMED CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>a52236885.htm
<DESCRIPTION>CHEMED CORPORATION 11-K
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">Washington, D.C. 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">FORM 11-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">For Annual Reports of Employee Stock Purchase, Savings and Similar Plans Pursuant to Section 15(d) of the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div>(Mark One)</div>
    <div><br>
    </div>
    <div style="margin-left: 18pt;">&#9746;&#160;&#160;&#160; Annual Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2019</div>
    <div><br>
    </div>
    <div style="margin-left: 18pt;">&#9744;&#160;&#160;&#160; Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center;">Commission File Number: 1-8351</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>A:<font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Full title of plan and the address of the plan, if different from that of the issuer named below:</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">CHEMED/ROTO-ROOTER SAVINGS &amp; RETIREMENT PLAN</div>
    <div><br>
    </div>
    <div>B:<font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>Name of the issuer of the securities held pursuant to the plan and address of its principal executive office:</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">CHEMED CORPORATION</div>
    <div style="text-align: center; font-weight: bold;">255 E. Fifth Street, Suite 2600, Cincinnati, Ohio 45202</div>
    <div style="text-align: center; font-weight: bold;">(513) 762-6690</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 1 of 3</font></div>
      <div style="page-break-after:always;" id="DSPFPageBreak">
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    </div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;"><u>REQUIRED INFORMATION</u></div>
    <div><br>
    </div>
    <div>The Financial Statements and Supplemental Schedule for the Chemed/Roto-Rooter Savings and Retirement Plan identified below are being filed with this Annual Report on Form 11-K:</div>
    <br>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z7252b6fbfc0a4d88941ced02743ca8d2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td colspan="2" rowspan="1" style="font-weight: bold;">ITEM 1. FINANCIAL STATEMENTS AND EXHIBITS</td>
            <td rowspan="1" style="width: 35.57%; font-weight: bold; text-align: left;">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt">
                  <div style="margin-left: 72pt;">PAGE NUMBER</div>
                </div>
              </div>
            </td>
            <td rowspan="1" style="width: 9.19%;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3.95%;">&#160;</td>
            <td rowspan="1" style="width: 51.29%;">&#160;</td>
            <td rowspan="1" style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td rowspan="1" style="width: 9.19%;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div style="margin-left: 9pt;">(a) <br>
              </div>
            </td>
            <td style="width: 51.29%;">
              <div>Financial Statements <br>
              </div>
            </td>
            <td style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%;">
              <div>&#160;</div>
            </td>
            <td style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%;">1.&#160; Report of Independent Registered Public Accounting Firm</td>
            <td style="width: 35.57%;">
              <div style="text-align: left; margin-left: 117pt;">F-S 1 <br>
              </div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%;">
              <div>&#160;</div>
            </td>
            <td style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%;">2.&#160; Statements of Net Assets Available for Benefits at</td>
            <td style="width: 35.57%;">
              <div style="text-align: left; margin-left: 117pt;"><font style="font-family: 'Times New Roman',Times,serif;">F-S 2</font> <br>
              </div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%; font-family: 'Times New Roman',Times,serif; text-align: left;">
              <div>&#160;&#160;&#160;&#160; December 31, 2019 and 2018</div>
            </td>
            <td style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3.95%;">&#160;</td>
            <td rowspan="1" style="width: 51.29%;">&#160;</td>
            <td rowspan="1" style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td rowspan="1" style="width: 9.19%;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%;">3.&#160; Statements of Changes in Net Assets Available for Benefits</td>
            <td style="width: 35.57%;">
              <div style="text-align: left; margin-left: 117pt;">F-S 3 <br>
              </div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%;">&#160;&#160;&#160;&#160; For the Year Ended December 31, 2019</td>
            <td style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%;">
              <div>&#160;</div>
            </td>
            <td style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3.95%;">&#160;</td>
            <td rowspan="1" style="width: 51.29%;">4.&#160; Notes to Financial Statements</td>
            <td rowspan="1" style="width: 35.57%;">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt">
                  <div style="margin-left: 99pt;"><font style="font-family: 'Times New Roman',Times,serif;">F-S 4 through F-S 10</font> <br>
                  </div>
                </div>
              </div>
            </td>
            <td rowspan="1" style="width: 9.19%;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3.95%;">&#160;</td>
            <td rowspan="1" style="width: 51.29%;">&#160;</td>
            <td rowspan="1" style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td rowspan="1" style="width: 9.19%;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3.95%;">&#160;</td>
            <td rowspan="1" style="width: 51.29%;">5.&#160; Schedule:</td>
            <td rowspan="1" style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td rowspan="1" style="width: 9.19%;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3.95%;">
              <div>&#160;</div>
            </td>
            <td style="width: 51.29%;">
              <div>&#160; &#160;&#160; Schedule I &#8211; Schedule of Assets (Held At End of Year) </div>
            </td>
            <td style="width: 35.57%;">
              <div style="margin-left: 117pt;">F-S 11 <br>
              </div>
            </td>
            <td style="width: 9.19%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3.95%;">&#160;</td>
            <td rowspan="1" style="width: 51.29%;">&#160;</td>
            <td rowspan="1" style="width: 35.57%;">
              <div style="margin-left: 63pt;">&#160;</div>
            </td>
            <td rowspan="1" style="width: 9.19%;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 3.95%;">&#160;</td>
            <td rowspan="1" style="width: 51.29%;">6.&#160; Consent of Independent Registered Public Accounting Firm</td>
            <td rowspan="1" style="width: 35.57%;">
              <div style="margin-left: 9pt">
                <div style="margin-left: 9pt">
                  <div style="margin-left: 9pt">
                    <div style="margin-left: 9pt">
                      <div style="margin-left: 9pt">
                        <div style="margin-left: 72pt;">Exhibit I</div>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </td>
            <td rowspan="1" style="width: 9.19%;">&#160;</td>
          </tr>

      </table>
    </div>
    <br>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 2 of 3</font></div>
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    <div> <br>
    </div>
    <div>SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Administrative Committee of the Chemed/Roto-Rooter Savings and Retirement Plan has caused this annual report to be signed by the undersigned
      hereunto duly authorized.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;">Dated: <u>June 18, 2020</u></td>
            <td valign="top" colspan="2" style="width: 38%;">CHEMED/ROTO-ROOTER SAVINGS &amp; RETIREMENT PLAN</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%;"><br>
            </td>
            <td valign="top" style="width: 3%;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td valign="top" nowrap="nowrap" align="left" style="width: 35%;">/s/ <u>Michael R. Dibowski</u></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Michael R. Dibowski</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">Administrative Committee</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">Page 3 of 3</font></div>
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    <div>
      <div><br>
      </div>
      <div style="font-weight: bold; font-family: 'Times New Roman',Times,serif; text-align: center;">Report of Independent Registered Public Accounting Firm</div>
      <div><br>
      </div>
      <div style="margin-right: 303.05pt; margin-left: 5pt;">To the Plan Administrator and Plan Participants Chemed/Roto Rooter Savings &amp; Retirement Plan</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 5pt; font-style: italic; font-weight: bold;">Opinion on the Financial Statements</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-right: 5.85pt; margin-left: 5pt;">We have audited the accompanying statement of net assets available for benefits of the Chemed/Roto Rooter Savings &amp; Retirement Plan (the &#8220;Plan&#8221;) as of December 31, 2019 and
        2018, the related statement of changes in net assets available for benefits for the year ended December 31, 2019, and the related notes (collectively referred to as the &#8220;financial statements&#8221;). In our opinion, the financial statements present
        fairly, in all material respects, the net assets of the Plan as of December 31, 2019 and 2018 and the changes in its net assets for the year ended December 31, 2019 in conformity with accounting principles generally accepted in the United States of
        America.</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 5pt; font-style: italic; font-weight: bold;">Basis of Opinion</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-right: 5.8pt; margin-left: 5pt;">The Plan&#8217;s management is responsible for these financial statements. Our responsibility is to express an opinion on the Plan&#8217;s financial statements based on our audits. We are a
        public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules
        and regulations of the Securities and Exchange Commission and the PCAOB.</div>
      <div>&#160;</div>
      <div style="text-align: justify; margin-right: 5.85pt; margin-left: 5pt;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether
        the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are
        required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Plan&#8217;s internal control over financial reporting. Accordingly, we express no such
        opinion.</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-right: 5.85pt; margin-left: 5pt;">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures
        that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant
        estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</div>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 5pt; font-style: italic; font-weight: bold;">Supplemental Information</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-right: 5.85pt; margin-left: 5pt;">The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2019 has been subjected to audit procedures performed in
        conjunction with the audit of the Plan&#8217;s financial statements. The supplemental information is the responsibility of the Plan&#8217;s management. Our audit procedures included determining whether the supplemental information reconciles to the financial
        statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental
        information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with Department of Labor&#8217;s Rules and Regulations for Reporting under the Employee Retirement Income Security Act of 1974. In
        our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.</div>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 5pt;">We have served as the Plan&#8217;s auditor since 2017.</div>
      <div>&#160;</div>
      <div>/s/ Plante &amp; Moran PLLC</div>
      <div>&#160;</div>
      <div><br>
      </div>
      <div>Columbus, Ohio </div>
      <div>June 17, 2020</div>
    </div>
    <div> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 1</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
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    </div>
    <div>
      <div style="font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
      <div>Savings &amp; Retirement Plan</div>
      <div><br>
      </div>
      <div style="font-size: 12pt; font-weight: bold;">Statements of Net Assets Available for Benefits</div>
      <div style="font-size: 12pt; font-weight: bold;">
        <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"> </div>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z705572ae64c14cbaaaabff73387149ef" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="6" style="vertical-align: top; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; font-weight: bold;"> December 31, </div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; font-weight: bold;"> 2019 </div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: #000000 solid 2px;">
              <div style="text-align: center; font-weight: bold;"> 2018 </div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top;">
              <div style="font-family: &#38;quot;">Assets:</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt;">
              <div style="font-family: &#38;quot;">Investments, at fair value:</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 3%; width: 76%;">
              <div style="font-family: &#38;quot;">Chemed Corporation common stock</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">39,663,222</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">29,288,373</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 3%; width: 76%;">
              <div style="font-family: &#38;quot;">Mutual funds</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">231,379,036</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">177,688,110</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 3%; width: 76%; padding-bottom: 2px;">
              <div style="font-family: &#38;quot;">Collective Trust fund</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">9,588,410</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">9,999,899</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 5%; width: 76%; padding-bottom: 2px;">
              <div style="font-family: &#38;quot;">Total investments</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">280,630,668</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">216,976,382</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 76%;">
              <div style="font-family: &#38;quot;">Receivables:</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 3%; width: 76%;">
              <div style="font-family: &#38;quot;">Notes receivable from participants</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">8,214,284</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">7,094,073</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 3%; width: 76%;">
              <div style="font-family: &#38;quot;">Employer contributions</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">4,645,638</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">4,860,323</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 3%; width: 76%;">
              <div style="font-family: &#38;quot;">Participant contributions</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">248,318</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">209,089</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 3%; width: 76%; padding-bottom: 2px;">
              <div style="font-family: &#38;quot;">Accrued interest and dividends</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">2,697</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">1,603</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 5%; width: 76%; padding-bottom: 2px;">
              <div style="font-family: &#38;quot;">Total receivables</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">13,110,937</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">12,165,088</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 76%; padding-bottom: 2px;">
              <div style="font-family: &#38;quot;">Cash</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">111,930</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 5%; width: 76%;">
              <div style="font-family: &#38;quot;">Total assets</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">293,741,605</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">229,253,400</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 76%;">
              <div style="font-family: &#38;quot;">Liabilities:</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 76%;">
              <div style="font-family: &#38;quot;">Other liabilities</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">153,198</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div style="font-family: &#38;quot;">-</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 76%; padding-bottom: 2px;">
              <div style="font-family: &#38;quot;">Accrued expenses</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">3,666</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">2,370</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 5%; width: 76%; padding-bottom: 2px;">
              <div style="font-family: &#38;quot;">Net assets available for benefits, at fair value</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">$</div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">293,584,741</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;">
              <div style="font-family: &#38;quot;">229,251,030</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;">&#160;</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">The accompanying notes are an integral part of these financial statements</div>
      <div><br>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 2</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div> <br>
    </div>
    <div>
      <div style="font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
      <div>Savings &amp; Retirement Plan</div>
      <div><br>
      </div>
      <div style="font-size: 12pt; font-weight: bold;">Statement of Changes in Net Assets Available for Benefits</div>
      <div style="font-size: 12pt; font-weight: bold;">
        <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"> </div>
    </div>
    <div>
      <div><br>
      </div>
      <div><br>
      </div>
      <br>
      <table cellspacing="0" cellpadding="0" id="z876ee000e6dc45f6b5e41ea419bcf4db" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; text-align: center;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">
              <div style="text-align: center; font-family: &#38;quot; font-weight: bold;">Year Ended</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top;">
              <div style="text-align: center; font-family: &#38;quot; font-weight: bold;"><u>December 31, 2019</u></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; text-align: center;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top;">
              <div style="font-family: &#38;quot;">Contributions:</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: top; text-align: center;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">
              <div style="font-family: &#38;quot;">Employer</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="text-align: center;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>9,356,368</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">
              <div style="font-family: &#38;quot;">Participant</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>12,090,660</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%; padding-bottom: 2px;">
              <div style="font-family: &#38;quot;">Rollovers</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>7,135,646</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>28,582,674</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 88%; font-family: 'Times New Roman',Times,serif;">Interest income on notes receivable from participants</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>417,271</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="4" style="vertical-align: top;">
              <div style="font-family: &#38;quot;"><br>
              </div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 88%;">
              <div style="font-family: &#38;quot;">Investment income:</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">
              <div style="font-family: &#38;quot;">Net realized and unrealized gain on investments</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>47,362,271</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">
              <div style="font-family: &#38;quot;">Dividends and other income</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>9,893,115</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>57,255,386</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 88%;">
              <div style="font-family: &#38;quot;">Benefits paid to participants</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>(21,756,858</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 88%;">
              <div style="font-family: &#38;quot;">Administrative expenses</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>(164,762</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>(21,921,620</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">)</div>
            </td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 15%; width: 88%;">
              <div style="font-family: &#38;quot;">Increase in net assets</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
              <div>64,333,711</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 88%;">
              <div style="font-family: &#38;quot;">Net assets available for benefits:</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">
              <div style="font-family: &#38;quot;">Beginning of year</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; text-align: center;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>229,251,030</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 88%;">
              <div style="font-family: &#38;quot;">End of year</div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="text-align: center;"><u>$</u></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>293,584,741</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">The accompanying notes are an integral part of this financial statement</div>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 3</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div> <br>
      </div>
      <div>
        <div style="font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
        <div>Savings &amp; Retirement Plan</div>
        <div><br>
        </div>
        <div style="font-size: 12pt; font-weight: bold;">Notes to Financial Statements</div>
        <div style="font-size: 12pt; font-weight: bold;">
          <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"> </div>
      </div>
      <div><br>
      </div>
      <div>
        <div><font style="font-family: 'Times New Roman',Times,serif;">1.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">General Description of the
            Plan</font></div>
        <div><br>
        </div>
        <div style="text-indent: 27pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Overview and Eligibility</u></div>
        <div style="margin-right: 1.8pt; margin-left: 27pt; font-family: 'Times New Roman',Times,serif;">Chemed Corporation, as the Plan Administrator, adopted the Chemed/Roto-Rooter Savings &amp; Retirement Plan (the "Plan").&#160; The Plan is a defined
          contribution plan available to all full-time employees of participating units of Chemed Corporation (the "Company"), except those covered by collective bargaining agreements, who have completed at least 500 hours of service in any six months of
          continuous service.&#160; The following summary provides an overview of major Plan provisions and is provided for general informational purposes.&#160; Participants should refer to the Plan document for more complete information and a full description of
          the Plan provisions and qualifications.&#160; The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA").</div>
        <div><br>
        </div>
        <div style="margin-left: 27pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Contributions</u></div>
        <div style="margin-left: 27.35pt; font-family: 'Times New Roman',Times,serif;">Employee contributions may be made from before-tax earnings, which has the effect of reducing current taxable earnings for federal income tax purposes, and/or after tax
          earnings.&#160; In any Plan year, an employee may contribute up to a maximum of 85% of his or her included compensation, as defined, or the maximum allowed by the Internal Revenue Code, as amended ("IRC"), whichever is less ("Basic Contribution").&#160;
          For the Plan year 2019, the IRC limit on before-tax contributions was $19,000.&#160; In addition, eligible employees who have attained age 50 prior to the close of the Plan year are eligible to make a catch-up contribution of $6,000.&#160; Employee
          contributions are made through payroll deductions.&#160; The Company, on a participating unit basis, may elect to make contributions ("Qualified Matching Contribution") to the Plan on the first 6% of employees&#8217; basic contribution.&#160; The Company may
          also elect to make discretionary contributions.&#160; The Company made discretionary contributions of $5,637,239 and $5,402,421 for the years ended December 31, 2019 and 2018, respectively.</div>
        <div><br>
        </div>
        <div style="margin-left: 27.35pt; font-family: 'Times New Roman',Times,serif;">The Plan limits covered compensation for purposes of determining Basic and Matching Contributions to $280,000 for the Plan year ended December 31, 2019.&#160; All
          contributions are subject to limitations imposed by the IRC and ERISA.</div>
        <div><br>
        </div>
        <div style="margin-left: 27.35pt; font-family: 'Times New Roman',Times,serif;">Rollover contributions totaled $7,135,646 for the year ended December 31, 2019 and were the result of significant acquisitions including Sanact, Inc. and Hoffman
          Southwest Corporation.&#160; In connection with the acquisitions, the Plan was amended to allow eligible employees of the acquired companies to participate in the Plan.</div>
        <div><br>
        </div>
        <div style="margin-left: 27.35pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><u>Participant Accounts</u></div>
        <div style="font-family: 'Times New Roman',Times,serif; margin-left: 27pt;"> <br>
          Individual participant accounts are maintained for each Plan participant. Each participant&#8217;s account is credited with the participant&#8217;s contributions, the Company match if applicable, and an allocation of Plan earnings, and charged with
          withdrawals and an allocation of Plan losses and administrative expenses. Allocations are based on participant earnings or account balances, as defined. The Plan benefit to which a participant is entitled is the benefit that can be provided from
          the participant&#8217;s account.</div>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 4</font></div>
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div>
        <div style="font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
        <div>Savings &amp; Retirement Plan</div>
        <div><br>
        </div>
        <div style="font-size: 12pt; font-weight: bold;">Notes to Financial Statements</div>
        <div style="font-size: 12pt; font-weight: bold;">
          <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
        <div style="font-size: 12pt; font-weight: bold;"> <br>
        </div>
        <div style="font-family: 'Times New Roman',Times,serif; font-weight: 400;">
          <div style="text-indent: 27pt; font-weight: bold;"><u>Vesting and Forfeitures</u></div>
          <div style="margin-left: 27pt;">Participants are immediately vested in their Basic Contributions and any earnings or losses thereon.&#160; Vesting in the employer&#8217;s Matching Contributions occurs in annual 20% increments after two years of service and
            participants are fully vested after six years of service.&#160; Additionally, all participants of the Plan are fully vested in employer contributions upon normal retirement, death or total permanent disability incurred while employed.&#160; Participants
            who forfeit amounts under the Plan are permitted to restore the amount of such forfeiture by paying the Plan, subject to certain limitations, the entire withdrawn amount which gave rise to the forfeiture.&#160; Forfeitures are not permitted to be
            restored to the participants&#8217; accounts after the occurrence of five consecutive one year breaks-in-service.&#160; Company may elect to use forfeitures to pay Plan administrative expenses or to reduce Qualified Nonelective Contributions and Qualified
            Matching Contributions.</div>
          <div><br>
          </div>
          <div style="margin-left: 27pt;">At December 31, 2019 and 2018, the forfeited account totaled $1,091,730 and $624,782, respectively, which was used to reduce the year end employer contributions receivable.</div>
          <div><br>
          </div>
          <div style="text-indent: 27pt; font-weight: bold;"><u>Investment Options</u></div>
          <div style="margin-left: 27.35pt;">Investment of employee contributions is made in accordance with employee elections and stipulated Plan provisions.&#160; Beginning January 1, 1999, the Plan appointed Merrill Lynch, who was subsequently acquired by
            Bank of America, N.A., as Trustee and currently offers participants the ability to invest contribution amounts in various mutual fund options, a stable value common collective trust fund and Chemed Corporation stock.&#160; Purchases of Chemed
            Corporation stock are made by the Plan&#8217;s trustee on the open market.&#160; Investment in Chemed Corporation stock is limited to 20% of a participant&#8217;s total account balance.&#160; Employer contributions are invested in the same manner and allocation as
            the employee contributions.&#160; The Plan allows participants to transfer funds among the various investment options.</div>
          <div><br>
          </div>
          <div style="margin-left: 27pt; font-weight: bold;"><u>Notes Receivable from Participants</u></div>
          <div style="margin-left: 27.35pt;">Participants may borrow from their vested account balance a minimum of $500 up to a maximum of 50% of the vested account balance with a maximum limit of $50,000.&#160; Loan terms range from 1 to 5 years or up to 10
            years if the proceeds of the loan are used for the purchase of the participant&#8217;s primary residence.&#160; Loans are secured by the balance in the Participant&#8217;s account and bear interest at the prime rate plus 1%.&#160; Participants may not have more than
            two loans outstanding at any one time.&#160; Principal and interest payments are payable ratably through direct payroll deductions.&#160; Loans are in default when any scheduled payment remains unpaid beyond the last day of the calendar quarter following
            the calendar quarter in which the participant missed a scheduled payment.&#160; Also, a loan is in default if the participant or a representative makes a false statement to the Plan.</div>
          <div><br>
          </div>
          <div style="margin-left: 27pt; font-weight: bold;"><u>Payment of Benefits</u></div>
          <div style="margin-left: 27pt;">Upon termination of service with the Company, participants are entitled to a lump sum distribution of the vested portion of their account balance.&#160; Upon retirement or if a participant becomes totally and
            permanently disabled or dies, the participant or their beneficiary isentitled to their entire account balance.&#160; Retired and terminated Participants who have an account balance in excess of $5,000 may elect various forms of deferred
            distribution.</div>
        </div>
        <div style="font-size: 12pt; font-weight: bold;"><font style="font-size: 10pt;"> </font><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 5</font></div>
          <div style="page-break-after: always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div> <br>
        </div>
        <div style="font-size: 12pt; font-weight: bold;">
          <div style="font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
          <div style="font-size: 10pt;">Savings &amp; Retirement Plan</div>
          <div><br>
          </div>
          <div style="font-weight: bold;">Notes to Financial Statements</div>
          <div style="font-weight: bold;">
            <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"> </div>
        </div>
        <div style="font-size: 12pt; font-weight: bold;"> <br>
        </div>
        <div style="font-family: 'Times New Roman',Times,serif; font-weight: 400;">
          <div style="text-indent: 27pt; font-weight: bold;"><u>Withdrawals</u></div>
          <div style="margin-left: 27.35pt;">The Plan allows withdrawals of after-tax, rollover and vested employer matching contributions while an active employee.&#160; The Plan also allows for a "financial hardship"</div>
          <div style="margin-left: 27.35pt;">withdrawal of before-tax contributions for participants under age 59 &#189; years in cases of demonstrated "financial hardship", as defined by the Plan document.</div>
          <div><br>
          </div>
          <div style="text-indent: 27pt; font-weight: bold;"><u>Plan Termination</u></div>
          <div style="margin-left: 27pt;">The Company anticipates that the Plan will continue without interruption but reserves the right to discontinue the Plan subject to the provisions of ERISA and the IRC.&#160; In the event that the Plan is terminated, the
            participants shall be fully vested in the current market value of amounts credited to their accounts at the date of termination.</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div>
            <div>
              <table cellspacing="0" cellpadding="0" id="z4942aa7c06dc436da9e711bfaf6d49de" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">2.</td>
                    <td style="width: auto; vertical-align: top;">
                      <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Summary of Significant Accounting Policies</div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-indent: 0pt; margin-left: 27pt; font-weight: bold;"><u>Investment valuation</u></div>
          <div style="margin-left: 27pt;">Investments of the Plan are valued at fair value.&#160; Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the
            measurement date.&#160; See Note 5.</div>
          <div><br>
          </div>
          <div style="margin-left: 27pt; font-weight: bold;"><u>Notes receivable from participants</u></div>
          <div style="margin-left: 27pt;">Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest.&#160; Delinquent participant loans are reclassified as distributions based upon the terms of the
            Plan document.&#160; No allowance for credit losses has been recorded as of December 31, 2019 or 2018.</div>
          <div><br>
          </div>
          <div style="margin-left: 27pt; font-weight: bold;"><u>Investment income</u></div>
          <div style="margin-left: 27pt;">Dividend income is recorded on the ex-dividend date.&#160; Interest earned on investments is recorded on the accrual basis.</div>
          <div><br>
          </div>
          <div style="margin-left: 27pt; font-weight: bold;"><u>Payment of benefits</u></div>
          <div style="text-indent: 27pt;">Benefits are recorded when paid.</div>
          <div><br>
          </div>
          <div style="text-indent: 27pt; font-weight: bold;"><u>Expenses of the Plan</u></div>
          <div style="margin-left: 27pt;">All expenses incurred in the administration of the Plan are paid by the Plan except for audit and legal expenses which are paid by the Company.</div>
          <div><br>
          </div>
          <div style="text-indent: 27pt; font-weight: bold;"><u>Basis of accounting</u></div>
          <div style="margin-left: 27pt;">The financial statements of the Plan are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("U. S. GAAP").</div>
          <div><br>
          </div>
          <div style="text-indent: 27pt; font-weight: bold;"><u>Use of estimates</u></div>
          <div style="margin-left: 27pt;">The preparation of financial statements in conformity with U. S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
            assets and liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period.&#160; Actual results could differ from those estimates.</div>
        </div>
        <div style="font-size: 12pt; font-weight: bold;"><font style="font-size: 10pt;"> </font><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 6</font></div>
          <div style="page-break-after: always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div>
          <div style="font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
          <div>Savings &amp; Retirement Plan</div>
          <div><br>
          </div>
          <div style="font-size: 12pt; font-weight: bold;">Notes to Financial Statements</div>
        </div>
        <div style="font-size: 12pt; font-weight: bold;">
          <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
        <div style="font-size: 12pt; font-weight: bold;"> <br>
        </div>
        <div style="font-family: 'Times New Roman',Times,serif; font-weight: 400;">
          <div style="text-indent: 27pt; font-weight: bold;"><u>Concentrations, risks and uncertainties</u></div>
          <div style="margin-left: 27pt;">The Plan has a significant concentration of investment in Chemed Corporation stock.&#160; A change in the value of this stock could cause the value of the Plan&#8217;s net assets to change significantly due to this
            concentration.</div>
          <div><br>
          </div>
          <div style="margin-left: 27pt;">The Plan provides for various investment options in a number of funds which include stocks, bonds, fixed income securities, mutual funds and other investment securities.&#160; Certain investments are exposed to risks
            such as changes in interest rates, fluctuations in market conditions and credit risk.&#160; The level of risk associated with certain investment securities and uncertainty related to changes in value of these securities could materially affect
            participant account balances and amounts reported in the financial statements and accompanying notes.</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div>
            <div>
              <table cellspacing="0" cellpadding="0" id="z5f68ca22f6eb41358ea4c66811deee46" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">3.</td>
                    <td style="width: auto; vertical-align: top;">
                      <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Tax Status</div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="margin-left: 27pt;">The Internal Revenue Service ("IRS") has determined and informed the Company by a letter dated April 3, 2018, that the Plan and related Trust are designed in accordance with</div>
          <div style="margin-left: 27pt;">applicable sections of the IRC.&#160; Although the Plan has been amended since receiving the determination letter, the Plan&#8217;s administrator believes that the Plan is designed and is</div>
          <div style="margin-left: 27pt;">currently being operated in compliance with the applicable sections of the IRC.&#160; The related Trust is exempt from federal income tax under section 501(a) of the IRC.</div>
          <div><br>
          </div>
          <div style="margin-left: 27pt;">The Plan administrator believes it is no longer subject to income tax examinations for years prior to 2016.</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div>
            <div>
              <table cellspacing="0" cellpadding="0" id="zb4202b6e3d8446f8bb576a57b8e065da" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;">4.</td>
                    <td style="width: auto; vertical-align: top;">
                      <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Reconciliation of Financial Statements to Form 5500</div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
          <div><br>
          </div>
          <div style="text-indent: 0pt; margin-left: 27pt;">The following is a reconciliation of the net assets available for benefits per the financial statements at December 31, 2019 and 2018 to Form 5500.</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zed39bc92f81f4fa08e9ac829626935d9">

                <tr>
                  <td valign="bottom" style="vertical-align: top; padding-left: 9pt; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="6" rowspan="1">
                    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">December 31,</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                </tr>
                <tr>
                  <td valign="bottom" style="vertical-align: top; padding-left: 9pt; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> 2019</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;"> 2018</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                </tr>
                <tr>
                  <td valign="bottom" style="vertical-align: top; padding-left: 9pt;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
                </tr>
                <tr>
                  <td valign="bottom" style="vertical-align: top;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">Net assets available for benefits per</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
                </tr>
                <tr>
                  <td valign="bottom" style="vertical-align: top; padding-left: 9pt; width: 76%;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">the financial statements</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">$</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">293,584,741</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">$</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">229,251,030</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                </tr>
                <tr>
                  <td valign="bottom" style="vertical-align: top; width: 76%;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">Amounts allocated to withdrawing</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                </tr>
                <tr>
                  <td valign="bottom" style="vertical-align: top; padding-left: 9pt; width: 76%; padding-bottom: 2px;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">participants</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">(261,038</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">)</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">(108,520</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">)</div>
                  </td>
                </tr>
                <tr>
                  <td valign="bottom" style="vertical-align: top; width: 76%;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">Net assets available for benefits per</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                </tr>
                <tr>
                  <td valign="bottom" style="vertical-align: top; padding-left: 9pt; width: 76%; padding-bottom: 2px;" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">the Form 5500</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">$</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">293,323,703</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                  <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">$</div>
                  </td>
                  <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                    <div style="font-family: 'Times New Roman',Times,serif;">229,142,510</div>
                  </td>
                  <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 7</font></div>
          <div style="page-break-after: always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div>
          <div style="font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
          <div>Savings &amp; Retirement Plan</div>
          <div><br>
          </div>
          <div style="font-size: 12pt; font-weight: bold;">Notes to Financial Statements</div>
          <div style="font-size: 12pt; font-weight: bold;">
            <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
          <div style="font-size: 12pt; font-weight: bold;"> <br>
          </div>
          <div style="font-family: 'Times New Roman',Times,serif; font-weight: 400;">
            <div style="text-indent: -27pt; margin-left: 27pt;">The following is a reconciliation of change in net assets per the financial statements at December 31, 2019 to Form 5500.</div>
            <div><br>
            </div>
            <div><br>
            </div>
            <div>
              <table cellspacing="0" cellpadding="0" border="0" align="left" style="width: 100%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;" id="z2ffa5b9eb6d54dd39a5de00b242350a8">

                  <tr>
                    <td valign="bottom" style="vertical-align: top; width: 88%;" colspan="1">
                      <div style="margin-left: 36pt;">Increase in net assets per the financial statements</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                      <div style="font-family: &#38;quot;">$</div>
                    </td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div style="font-family: &#38;quot;">64,333,711</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;" colspan="1">
                      <div style="margin-left: 36pt;">Less:&#160; Change in amounts allocated to withdrawing particpants</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                      <div style="font-family: &#38;quot;">(152,518</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                      <div style="font-family: &#38;quot;">)</div>
                    </td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: top; width: 88%; padding-bottom: 2px;" colspan="1">
                      <div style="margin-left: 36pt;">Net income per Form 5500</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">
                      <div style="font-family: &#38;quot;">$</div>
                    </td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                      <div style="font-family: &#38;quot;">64,181,193</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                  </tr>

              </table>
            </div>
            <div style="clear: both;"><br>
            </div>
            <div><br>
            </div>
            <div style="margin-left: 31.5pt;">Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been requested prior to December 31, but are not yet paid as of year-end.</div>
            <div><br>
            </div>
            <div><br>
            </div>
            <div>5.<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;">Fair Value Measurements</font></div>
            <div><br>
            </div>
            <div style="margin-left: 27pt;">Fair value is defined as the price that will be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.&#160; Fair value is based on a
              three-level hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.&#160; The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1
              measurements) and the lowest priority to unobservable inputs (Level 3 measurements).&#160; The three levels of the fair value hierarchy are described below:</div>
            <div><br>
            </div>
            <div style="margin-left: 27pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><u>Level 1</u></font><font style="font-size: 10pt;"> &#8211; Inputs to the
                valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.</font></div>
            <div><br>
            </div>
            <div style="margin-left: 27pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><u>Level 2</u></font><font style="font-size: 10pt;"> &#8211; Inputs to the
                valuation methodology include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the
                asset or liability; inputs that are derived principally from or corroborated by observable market data by correlation or other means.&#160; If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for
                substantially the full term of the asset or liability.</font></div>
            <div><br>
            </div>
            <div style="margin-left: 27pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><u>Level 3</u></font><font style="font-size: 10pt;"> &#8211; Inputs to the
                valuation methodology are unobservable and significant to the fair value measurement.</font></div>
            <div><br>
            </div>
            <div style="margin-left: 27pt;">The asset&#8217;s or liability&#8217;s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.&#160; Valuation techniques used need
              to maximize the use of observable inputs and minimize the use of unobservable inputs.</div>
            <div><br>
            </div>
            <div style="margin-left: 27pt;">Following is a description of the valuation methodologies used for assets measured at fair value:</div>
            <div><br>
            </div>
            <div style="font-size: 12pt; margin-left: 27pt;"><font style="font-size: 10pt;"><u>Mutual funds</u></font><font style="font-size: 10pt;"> &#8211; Valued at the net asset value (&#8220;NAV&#8221;) of shares held by the Plan at year-end, using prices quoted on
                active markets at the measurement date.</font></div>
          </div>
          <div style="font-size: 12pt; font-weight: bold;"><font style="font-size: 10pt;"> </font><br>
          </div>
          <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">
            <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
              <div id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 8</font></div>
              <div style="page-break-after: always;" id="DSPFPageBreak">
                <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
            </div>
            <div style="font-size: 10pt; font-weight: 400; text-align: left;">
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
              <div style="font-family: 'Times New Roman', Times, serif;">Savings &amp; Retirement Plan</div>
              <div><br>
              </div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Notes to Financial Statements</div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">
                <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"> <br>
              </div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;"> <br>
              </div>
              <div style="font-weight: 400;">
                <div style="margin-left: 27pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><u>Common stock</u></font><font style="font-size: 10pt;"> &#8211; Valued at
                    the closing price reported on the New York Stock Exchange on which the security is traded.</font></div>
                <div><br>
                </div>
                <div style="margin-left: 27pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><u>Collective trust</u></font><font style="font-size: 10pt;"> &#8211; Valued at NAV of units of a bank collective trust.&#160; The NAV, as provided by the trustee, is
                      used as a practical expedient to estimate fair value.&#160; The NAV is based on the fair value of the underlying investments held by the fund less its liabilities.&#160; This practical expedient is not used when it is determined to be probable
                      that the fund will sell the investment for an amount different than the reported NAV.&#160; Participant transactions (purchases and sales) may occur daily.&#160; Were the Plan to initiate a full redemption of the collective trust, the
                      investment adviser reserves the right to temporarily delay withdrawal from the trust in order to ensure that securities liquidations will be carried out in an orderly business manner.</font></div>
                </div>
                <br>
                <div style="margin-left: 27pt;">The following table sets forth by level, within the fair value hierarchy, the Plan&#8217;s assets at fair value:</div>
                <div style="margin-left: 27pt;"> <br>
                </div>
                <div style="margin-left: 27pt;"> <br>
                </div>
                <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z1e17241863d64f3085fc7462eec363da">

                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 36pt; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;" colspan="2">
                        <div style="text-align: center;">Investments</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="10" rowspan="1">
                        <div style="text-align: center;">December 31, 2019</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 36pt; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                        <div style="text-align: center;">(at fair value)</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                        <div style="text-align: center;">Level 1</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                        <div style="text-align: center;">Level 2</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                        <div style="text-align: center;">Level 3</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; width: 52%;" colspan="1">
                        <div>Common stock</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                        <div>39,663,222</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                        <div>39,663,222</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px;" colspan="1">
                        <div>Mutual funds</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">
                        <div>231,379,036</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>231,379,036</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 27pt; width: 52%; padding-bottom: 2px;" colspan="1">
                        <div>Total</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>271,042,258</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 36pt; width: 52%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; width: 52%;" colspan="1">
                        <div>Investments measured at NAV:</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 9pt; width: 52%; padding-bottom: 2px;" colspan="1">
                        <div>Collective trust fund</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>9,588,410</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 18pt; width: 52%; padding-bottom: 2px;" colspan="1">
                        <div>Total investments at fair value</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>280,630,668</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 36pt; width: 52%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 36pt; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;" colspan="2">
                        <div style="text-align: center;">Investments</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="10" rowspan="1">
                        <div style="text-align: center;">December 31, 2018</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 36pt; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                        <div style="text-align: center;">(at fair value)</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                        <div style="text-align: center;">Level 1</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                        <div style="text-align: center;">Level 2</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                        <div style="text-align: center;">Level 3</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; width: 52%;" colspan="1">
                        <div>Common stock</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                        <div>29,288,373</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                        <div>29,288,373</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px;" colspan="1">
                        <div>Mutual funds</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">
                        <div>177,688,110</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>177,688,110</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 27pt; width: 52%; padding-bottom: 2px;" colspan="1">
                        <div>Total</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>206,976,483</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>-</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 36pt; width: 52%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; width: 52%;" colspan="1">
                        <div>Investments measured at NAV:</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 9pt; width: 52%; padding-bottom: 2px;" colspan="1">
                        <div>Collective trust fund</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>9,999,899</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>
                    <tr>
                      <td valign="bottom" style="vertical-align: top; padding-left: 18pt; width: 52%; padding-bottom: 2px;" colspan="1">
                        <div>Total investments at fair value</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>$</div>
                      </td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
                        <div>216,976,382</div>
                      </td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                      <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    </tr>

                </table>
              </div>
            </div>
            <div style="font-size: 10pt; font-weight: 400; text-align: left;"> <br>
            </div>
            <div> <br>
            </div>
            <div style="font-size: 10pt; font-weight: 400; text-align: left;">
              <div style="margin-left: 27pt;">Investments in the collective trusts have no holding period, and redemptions can be made daily.&#160; There are no unfunded commitments.</div>
              <div style="margin-left: 27pt;"> <br>
              </div>
              <font style="font-weight: normal;"> </font></div>
            <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
              <div id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 9</font></div>
              <div style="page-break-after: always;" id="DSPFPageBreak">
                <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
            </div>
            <div style="font-size: 10pt; font-weight: 400; text-align: left;">
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
              <div style="font-family: 'Times New Roman', Times, serif;">Savings &amp; Retirement Plan</div>
              <div><br>
              </div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Notes to Financial Statements</div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">
                <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
                <div><br>
                </div>
                <div style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; font-weight: 400;">
                  <div><br>
                  </div>
                  <div>6.<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;">Party-In-Interest Transactions</font></div>
                  <div><br>
                  </div>
                  <div style="margin-left: 27pt;">Certain Plan investments held during the years ended December 31, 2019 and 2018 include shares of the Company&#8217;s common stock.&#160; During 2019, there was approximately $800,000 of purchases and $5,400,000 of
                    sales related to the Company&#8217;s common stock, which qualify as party-in-interest transactions.</div>
                </div>
              </div>
            </div>
            <div style="font-size: 10pt; font-weight: 400; text-align: left;"><font style="font-weight: normal;"><br>
              </font></div>
            <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
              <div id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 10</font></div>
              <div style="page-break-after: always;" id="DSPFPageBreak">
                <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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            <!--PROfilePageNumberReset%Num%11%F-S %%-->
            <div style="font-size: 10pt; font-weight: 400; text-align: left;">
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 14pt; font-weight: bold;">Chemed/Roto-Rooter</div>
              <div style="font-family: 'Times New Roman', Times, serif;">Savings &amp; Retirement Plan</div>
              <div><br>
              </div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Form 5500 EIN 31-0791746 Plan No. 104</div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Schedule H, Line 4i-</div>
              <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Schedule of Assets (Held At End of Year)</div>
              <font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> </font>
              <div><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> </font>
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="ze31d825cfb6547bebcf227df5ee6355f">

                    <tr>
                      <td style="width: 50.00%;">
                        <div><font style="font-size: 12pt; font-weight: bold;">December 31, 2019</font> <br>
                        </div>
                      </td>
                      <td style="width: 50%; text-align: right;"><font style="font-size: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Schedule I</font></td>
                    </tr>

                </table>
              </div>
              <font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> </font>
              <div>
                <hr noshade="noshade" align="left" style="height: 1px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> </font></div>
            </div>
            <div> <br>
            </div>
            <div style="font-size: 10pt; font-weight: 400; text-align: left;"> <br>
            </div>
            <div style="font-size: 10pt; font-weight: 400; text-align: left;">
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="zcfd626c300594c288afbf0f50d15d6db">

                  <tr>
                    <td valign="bottom" style="vertical-align: top;" colspan="2" rowspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1" rowspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top;" rowspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top;" rowspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom;" colspan="1" rowspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; text-align: center;" colspan="2" rowspan="1">(e)</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1" rowspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif; text-align: center;" colspan="2">
                      <div>
                        <div>
                          <div>
                            <div>
                              <div>(a)</div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; font-family: 'Times New Roman',Times,serif;">
                      <div style="margin-left: 27pt;">(b)</div>
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                      <div style="margin-left: 9pt">
                        <div style="margin-left: 9pt">
                          <div style="margin-left: 9pt">
                            <div style="margin-left: 9pt">
                              <div>(c)</div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </td>
                    <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top;" colspan="2">
                      <div style="text-align: center;">Current</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;" colspan="2">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">
                      <div><u>Identity of issue</u></div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">
                      <div><u>Description of investment</u></div>
                    </td>
                    <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                      <div style="text-align: center;">value</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top;" colspan="2">
                      <div style="font-weight: bold;"><u>Chemed Corporation common stock</u></div>
                    </td>
                    <td valign="bottom" style="vertical-align: bottom;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top;" colspan="2">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div style="font-family: 'Times New Roman',Times,serif; text-align: center;">*</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;" colspan="1">
                      <div>Chemed Corporation</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Common Stock</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">
                      <div>$</div>
                    </td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>39,663,222</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div style="font-weight: bold;"><u>Mutual funds</u></div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">&#160;</td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>iShares</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>S&amp;P 500 Index Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>34,282,798</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>&#160;&#160;MFS</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>International Intrinsic Value Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>31,869,336</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>T&#160; Rowe Price</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Blue Chip Growth Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>26,432,712</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>JP Morgan</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Core Bond Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>23,498,883</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Vanguard</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Federal Money Market Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>19,028,408</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>BlackRock</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Equity Dividend Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>18,232,932</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Victory Sycamore</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Established Value Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>17,823,354</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Hartford</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Mid Cap Growth</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>15,830,682</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>&#160;&#160;MFS</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Total Return Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>11,196,071</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Columbia</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Small Cap Value Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>6,263,145</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>PIMCO</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Real Return Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>6,106,764</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Wells Fargo</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Short Duration Government Bond Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>6,007,047</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;" colspan="1">
                      <div>Invesco Oppenheimer</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>International Small-Mid Company Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>5,856,312</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Lord Abbett</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Developing Growth Fund</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>5,147,436</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
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                      <div>Oakmark</div>
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                    <td valign="bottom" style="vertical-align: top; width: 38.5%; padding-bottom: 2px;">
                      <div>Equity &amp; Income Fund</div>
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                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
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                      <div>3,803,156</div>
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                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>&#160;&#160;&#160;&#160;Total mutual funds</div>
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                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">&#160;</td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>231,379,036</div>
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                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div style="font-weight: bold;"><u>Collective Trust fund</u></div>
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                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">&#160;</td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Invesco</div>
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                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Stable Value Retirement Fund</div>
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                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div>9,588,410</div>
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                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 77%;" colspan="2">
                      <div style="font-weight: bold;"><u>Notes receivable from participants</u></div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div style="font-family: 'Times New Roman',Times,serif; text-align: center;">*</div>
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                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Loan Fund</div>
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                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">
                      <div>Loans to Participants, at rates ranging from</div>
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                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">&#160;</td>
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                      <div>4.25% to 7.50%</div>
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                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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                      <div>8,214,284</div>
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                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
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                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%; padding-bottom: 2px;">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%; padding-bottom: 2px;">&#160;</td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%; padding-bottom: 2px;">&#160;&#160;&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%; padding-bottom: 2px;" colspan="1">
                      <div>Total</div>
                    </td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">
                      <div>$</div>
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                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: #000000 solid 2px;" colspan="1">
                      <div>288,844,952</div>
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                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1">&#160;</td>
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                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">&#160;</td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">
                      <div style="font-family: 'Times New Roman',Times,serif; text-align: center;">*</div>
                    </td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;" colspan="1">
                      <div>Denotes party in interest.</div>
                    </td>
                    <td valign="bottom" style="vertical-align: top; width: 38.5%;">&#160;</td>
                    <td valign="bottom" style="text-align: right; vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                    <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%;" colspan="1">&#160;</td>
                    <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1">&#160;</td>
                  </tr>

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            <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
              <div id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; font-weight: normal; font-style: normal;" id="DSPFPageNumber">F-S 11</font></div>
              <div style="page-break-after: always;" id="DSPFPageBreak">
                <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
            </div>
            <div style="text-align: left;">
              <div style="text-align: right; font-size: 10pt;">EXHIBIT 1</div>
              <div style="font-size: 10pt;"><br>
              </div>
              <div style="font-size: 10pt; text-align: center;">Consent of Independent Registered Public Accounting Firm <br>
              </div>
              <div style="font-size: 10pt;"><br>
              </div>
              <div style="text-align: justify; margin-right: 5.85pt; margin-left: 5.95pt; font-size: 10pt; font-weight: normal;">We consent to the incorporation by reference in the Registration Statement (No. 2-80712) on Form S-8 of our report dated June
                17, 2020 appearing in the annual report on Form 11-K of Chemed/Roto Rooter Savings &amp; Retirement Plan for the year ended December 31, 2019.</div>
              <div style="font-size: 10pt; font-weight: normal;">&#160;</div>
              <div style="font-size: 10pt; font-weight: normal;"><br>
              </div>
              <div style="font-size: 10pt; font-weight: normal;">/s/ Plante &amp; Moran, PLLC</div>
              <div style="font-size: 10pt; font-weight: normal;">&#160;</div>
              <div style="margin-right: 393.7pt; margin-left: 5.95pt; font-size: 10pt; font-weight: normal;">Columbus, Ohio</div>
              <div style="margin-right: 393.7pt; margin-left: 5.95pt; font-size: 10pt; font-weight: normal;">June 18, 2020</div>
            </div>
            <font style="font-size: 10pt;"> </font></div>
        </div>
      </div>
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</DOCUMENT>
</SEC-DOCUMENT>
