Common use of Directed Trustee Clause in Contracts

Directed Trustee. The Trustee that is designated as the Directed Trustee in the Adoption Agreement. The Directed Trustee shall be responsible for investing the assets of the Plan and perform the responsibilities of the Trustee set forth in the Plan in accordance with specific instructions provided by the Employer or the Plan Administrator (or Participant or Beneficiary) in accordance with instructions (either in writing or in any other form permitted by rules promulgated by the IRS or DOL) from one of the foregoing.

Appears in 2 contracts

Sources: Defined Contribution Plan, Defined Contribution Plan