Common use of Acceptance of responsibility by designated Plan Administrator Clause in Contracts

Acceptance of responsibility by designated Plan Administrator. If the Employer designates an alternative Plan Administrator, the designated Plan Administrator must accept its responsibilities in writing. The Employer and the designated Plan Administrator jointly will determine the time period for which the alternative Plan Administrator will serve.

Acceptance of responsibility by designated Plan Administrator. If the Employer designates an alternative a Plan AdministratorAdministrator other than itself, the designated Plan Administrator must accept its responsibilities in writing. The Employer and the designated Plan Administrator jointly will determine serve in a manner and for the time period for which as agreed upon with the alternative Employer. If more than one person has the responsibility of Plan Administrator will serveAdministrator, the group shall act by majority vote, but may designate specific persons to act on the Plan Administrator’s behalf.