Common use of Discretionary Clause in Contracts

Discretionary. The Trustee has discretion to invest Plan assets, unless specifically directed otherwise by the Plan Administrator, the Employer, an Investment Manager or other Named Fiduciary or, to the extent authorized under the Plan, a Plan Participant.

Appears in 8 contracts

Sources: Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.), Pension Plan Adoption Agreement, Pension Plan Adoption Agreement