Common use of Administrative Powers Clause in Contracts

Administrative Powers. The Administrator shall have such powers that are not specifically reserved to the Adopting Employer which are appropriate to administer the Plan, including, but not limited to, the power to (a) determine all questions arising under the Plan, including the power to determine the rights of an Employee or participant hereunder, (b) construe the terms of the Plan and remedy ambiguities, inconsistencies or omissions, (c) adopt rules of procedure as appropriate for proper administration, (d) enforce the provisions of the Plan and the rules which it adopts, (e) furnish the Adopting Employee and its Affiliates and Employees with such information relating to the Plan as may be required for tax or other purposes and (f) employ agents, attorneys, accountants, actuaries or other persons as appropriate for proper administration. The Administrator shall have full discretion in the exercise of the powers hereby granted.

Appears in 2 contracts

Sources: Simplified Employee Pension (Sep) Plan, Simplified Employee Pension (Sep) Plan