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Common use of Directed Trustee only Clause in Contracts

Directed Trustee only. The Trustee may only invest Plan assets as directed by Participants or by the Plan Administrator, the Employer, an Investment Manager or other Named Fiduciary.

Appears in 8 contracts

Sources: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)

Related Clauses

  • Resignation and Removal of the Trustee or the Certificate Administrator
  • Appointment of Co-Trustee, Separate Trustee or Custodian
  • Owner Trustee
  • Successor Trustee or Successor Certificate Administrator
  • Appointment of Separate Trustee or Co Trustee

Parent Clauses

  • Special rules
  • Allocation offset
  • Substitution of sponsor
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