Participant-Directed Investments Sample Clauses
The "Participant Directed Investments" clause establishes that individuals participating in a retirement or benefit plan have the authority to choose how their contributions are invested among available options. In practice, this means participants can allocate their funds across various investment vehicles, such as mutual funds, stocks, or bonds, according to their personal risk tolerance and financial goals. This clause is essential for empowering participants with control over their investment strategy, while also clarifying that the plan sponsor is not responsible for the investment outcomes resulting from participants' choices.
Participant-Directed Investments. All contributions to the Account shall be invested and reinvested by the Custodian exclusively in shares of one or more of the Funds as directed by the Participant or Plan Administrator. The Plan Administrator may prescribe the form and manner in which such investment directions by the Participant shall be given. In making any investment of the assets of the Account, the Plan Administrator shall be fully entitled to rely on the directions properly furnished to it by the Participant and shall be under no duty to make any inquiry or investigation with respect thereto. The Participant or Plan Administrator shall provide such instructions to the Master Custodial Administration Agreement Administrator, who shall timely and accurately communicate such instructions to the Custodian on behalf of the Plan Administrator.
Participant-Directed Investments. (Plan Section 4.10)
a. [ ] Participant directed investments are NOT permitted.
b. [ ] Participant directed investments are permitted.
c. [ ] No.
d. [ ] Yes.
Participant-Directed Investments. For so long as Plan Participants or their beneficiaries may direct investments, the Trustee will invest the Trust Fund pursuant to the terms of the Plan and the investment directions of Plan Participants or their beneficiaries. Each Participant or beneficiary shall convey investment instructions to the Committee or the Committee’s designee who, in either case, shall transmit those instructions promptly to the Trustee in writing. The Trustee may agree to accept investment instructions from the Plan’s record keeper. Implementation of ERISA Section 404(c) shall not impose any greater duties upon the Trustee than those duties expressly provided for in written procedures adopted by the Committee and agreed to in writing by the Trustee.
Participant-Directed Investments. If, while, and to the extent that a Participant exercises control within the meaning of Section 404(c) of ERISA over the assets in his Account by an election under Article IV(K), such Participant shall not be deemed to be a Fiduciary by reason of such exercise; and no Person who is otherwise a Fiduciary shall be liable under Title I, Subtitle B, Part 4, of ERISA (or comparable provisions of this Agreement) for any loss, or by reason of any breach, which results from such Participant's exercise of control.
Participant-Directed Investments. If the Participants have been designated to determine investments, then the following provisions shall apply:
(1) Each Participant may direct the investment of (choose one):
(A) the Vested Percentage of his or her Participant Account; OR
(B) the entire balance of his or her Participant Account; OR
(C) of the Employer Non-Elective Account Balance, % of the Employer Match Account Balance, % of the Employee Elective Deferral Account Balance, % of the Employee "after-tax" Account Balance, % of the Rollover/Transfer Account Balance.
(2) The investments from which a Participant may choose when directing investment of his or her Participant Account ("Available Investments") shall be the following:
(A) Any investment acceptable to the Employer.
(B) Such other investments or investment funds as may be selected by the Employer according to the Plan’s written investment policy as prepared by the Employer as revised from time to time. In making such selection, the Employer shall use the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims. The Available Investments under the Plan shall be diversified. The Employer shall notify the Trustee in writing of the selection of the Available Investments under the Plan and any changes thereto.
(3) Direction of investment shall be made to the Trustee in such form as may be acceptable to the Trustee. Unless the Trustee adopts rules allowing directions to be made by telephone, direction must be made by written order delivered to the Trustee. Within a reasonable time after receipt of investment directions, the Trustee shall implement such directions, and the Trustee shall have no duty to diversify investments so directed, and the Trustee need not consider whether such investments are authorized by the laws of any jurisdiction as a trust investment. If any investment orders are not received, or, if received, are unclear in the opinion of the Trustee, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest, pending receipt of such orders or clarification.
(4) The Trustee shall maintain a segregated account for each of the accounts for which investment is directed by a Participant.
(5) The Trustee and Plan Administrator are authorized to establish any reasonable r...
Participant-Directed Investments. To the extent participants are permitted under the plan to direct the investment of some or all of their accounts, the following shall apply in addition to the applicable plan provisions. Each participant shall direct the trustee through the plan administrator in writing with respect to the investment and reinvestment of the accounts held under the plan that are subject to the participant's investment directions (the "directed investment account"). Each participant shall specify in accordance with and at the times specified in the plan the investment fund or combination of funds in which the directed investment account is to be invested and such specification shall continue to apply until subsequent directions are received by the trustee from the plan administrator. Investment directions shall be executed by the trustee as soon as practicable after the date for which they are intended and upon their receipt by the plan administrator. To the extent the plan administrator and the plan permit participants to communicate directly with the trustee regarding investment directions, the trustee shall invest in the Investment Funds in accordance with investment directions given by the participants and beneficiaries for whose accounts such assets are held, to the extent so provided for in the plan and in accordance with procedures established by the plan administrator, with the concurrence of the trustee, for the communication of investment directions from participants and beneficiaries to the trustee. Any other provisions of this Trust Agreement or the plan notwithstanding, none of the company, the plan administrator, the trustee, or any other person who is otherwise a fiduciary with respect to the plan shall incur any liability to anyone for any loss or expense sustained by any participant's account because of any asset acquired, retained or disposed of by the trustee or any other actions taken by the trustee in accordance with the investment directions given by a participant or beneficiary pursuant to the plan. In the absence of investment elections from a participant or beneficiary, the plan administrator shall instruct the trustee regarding the investment of such accounts.
Participant-Directed Investments a. ☒ Participants may direct investment of a portion or all of their Accounts i. ☒ Plan is intended to comply with ERISA Section 404(c)
ii. Available Investments. Except as may be elected in Section 23.3, regarding Employer stock, and Section 23.2, regarding self-directed brokerage funds, Investment Funds available for Participant-directed investment are selected by the Investment Fiduciary
iii. ☐ Investment Fiduciary directs investment of the following Sub-Accounts:
iv. Change Investment Elections. Investment changes that are timely received in accordance with established procedures will be initiated as of the business day they are received by the Administrator (or its delegate) or the next following business day.
v. Failure to Direct Investments. If Participant fails to direct investments, his Account will be invested in the following Investment Fund(s): ▇. ▇▇▇▇ Price Retirement Active Trust with the target date closest to the year in which Participant turns 65 (effective as of September 4, 2018)
Participant-Directed Investments. If so specified in Section 17.01 of the Adoption Agreement, each Participant may direct the Trustee to invest amounts allocated to his Accounts in Policies of life insurance. Provided, however, that amounts allocated to a Participant's Tax Deductible Contribution Account may not be invested in such Policies. Any such investment shall be subject to the restrictions on payment of life insurance premiums described in Section 2.36 and shall also be subject to the rules and requirements of Article XVII. Neither the Trustee nor any other person, including the Plan Administrator, shall be under any duty to question any such direction of the Participant or to make any suggestions to the Participant in connection therewith, and the Trustee shall comply as promptly as practicable with directions given by the Participant hereunder. Any such direction may be of a continuing nature or otherwise and may be revoked by the Participant at any time in such form as the Trustee may require. The Trustee shall not be responsible or liable for any loss or expense which may arise from or result from compliance with any directions from the Participant nor shall the Trustee be responsible for, or liable for, any loss or expense which may result from the Trustee's refusal or failure to comply with any directions from the Participant. The Trustee may refuse to comply with any direction from the Participant in the event the Trustee, in its sole and absolute discretion, deems such directions improper by virtue of applicable law. Any costs and expenses related to compliance with the Participant's directions shall be borne by the appropriate Account of the Participant.
Participant-Directed Investments. A. Permissibility of participant directed investments (8.1): [Select one. If option (3) is selected, complete option (3) as instructed.]
(1) Each participant shall not be permitted to direct the investment or reinvestment of any portion of his account. [If the above option is selected, do not complete the remaining questions in this item XIV.] ____ (2) Each participant shall be permitted to direct the investment and reinvestment of his entire account among the directed investment funds, including, if elected by the Employer in item XV below, the Employer stock fund. [If the above option is selected, please complete the remaining questions in this item XIV. See item XV below for an election to permit directed investments in Employer stock.]
Participant-Directed Investments. (a) Directed investment options allowed. If elected in the Adoption Agreement, all Participants may direct the Trustee (or Insurer) as to the investment of all or a portion of their individual Account balances as set forth in the Adoption Agreement and within limits set by the Employer. Participants may direct the Trustee (or Insurer), in writing (or in such other form which is acceptable to the Trustee (or Insurer)), to invest their accounts in specific assets, specific funds or other investments permitted under the Plan and the Participant Direction Procedures. That portion of the Account of any Participant that is subject to investment direction of such Participant will be considered a Participant Directed Account.