PARTICIPANT DIRECTED EXCHANGES TO A COMPANION INVESTMENT OPTION WHICH IS A COMPETING FIXED INVESTMENT Clause Samples

This clause governs the process by which participants can transfer their investments from one plan option to another, specifically when the destination is a competing fixed investment option. In practice, it typically sets out restrictions or waiting periods to prevent immediate or frequent exchanges into stable value or money market funds, which are considered competing fixed investments. The core function of this clause is to protect the plan from adverse financial impacts, such as market timing or arbitrage, by regulating how and when participants can move their funds into these conservative investment options.
PARTICIPANT DIRECTED EXCHANGES TO A COMPANION INVESTMENT OPTION WHICH IS A COMPETING FIXED INVESTMENT. The Authorized Representative, Participants, or any designee may not initiate exchanges from the Guaranteed Fund to a Companion Investment Option which is a Competing Fixed Investment.
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