Common use of Third Party Administrators for Defined Contribution Plans Clause in Contracts

Third Party Administrators for Defined Contribution Plans. 2.1 A Trust may decide to make available to certain of its customers, a qualified plan program (the “Program”) pursuant to which the customers (“Employers”) may adopt certain plans of deferred compensation (“Plan or Plans”) for the benefit of the individual Plan participant (the “Plan Participant”), such Plan(s) being qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (“Code”) and administered by third-party administrators (“TPAs”) which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended.

Appears in 4 contracts

Sources: Transfer Agency Agreement, Transfer Agency and Service Agreement (Pimco Funds), Transfer Agency and Service Agreement (Pimco Variable Insurance Trust)

Third Party Administrators for Defined Contribution Plans. 2.1 A Trust may decide to make available to certain of its customersinvestors, a qualified plan program (the “Program”) pursuant to which the customers (“Employers”) investors may adopt certain plans of deferred compensation (“Plan or Plans”) for the benefit of the individual Plan participant (the “Plan Participant”), such Plan(s) being qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (“Code”) and administered by third-party administrators (“TPAs”) which may be plan administrators as defined in the Employee Retirement Income Security Act of 1974, as amended.

Appears in 2 contracts

Sources: Transfer Agency and Service Agreement (PIMCO Managed Accounts Trust), Transfer Agency and Service Agreement (Pimco Funds)