I think only 2 of the 5 (pickup compensation, boost) are used. The other 3 (treble, bass mix) aren't. If you flip the guitar around and look at the back of the PCB you'll see the labels.
The "comp" trimpot adjusts the volume of the 2 & 4 positions, allowing you to match the output of the fully humbucking positions. (Personally I turn that one down- I want them quieter.)
The "boost" trimpot adjusts the level of the push/push boost.
The other 3 don't apply- they're meant for a piezo pickup, which this guitar doesn't have.