Plan Consultant Clause Samples
The Plan Consultant clause defines the role, responsibilities, and authority of the individual or entity designated as the plan consultant for a retirement or benefit plan. This clause typically outlines the consultant's duties, such as providing advice on plan administration, compliance, and investment options, and may specify the process for appointing or removing the consultant. By clearly delineating the consultant's scope of work and relationship to the plan sponsor and participants, the clause ensures that all parties understand who is responsible for expert guidance, thereby promoting effective plan management and regulatory compliance.
Plan Consultant. A consultant shall be mutually selected by the HBC and the District, who will remain in a contractual relationship with the District. If the parties cannot reach mutual agreement, the contract for the consultant shall be recommended by the HBC, subject to District contract approval processes and final approval by the Board of Education. Such approval shall not be withheld except for good and sufficient cause.
Plan Consultant. The Plan Consultant (currently ▇▇▇▇▇ and ▇▇▇▇▇▇, LLC.) is contracted to provide technical review and professional opinion regarding benefit plan design, financial matters, and on any matters before the BoD. The Plan Consultant is the primary intermediary between the BoD and the third party administrators and Insurance providers. The Plan Consultant provides monthly financial updates and premium and reserve recommendations. The Plan Consultant is a contractor that works at the pleasure of the BoD.