Reports of the Trustee and the Employer Sample Clauses

Reports of the Trustee and the Employer. Not later than 120 days after the close of each Plan Year where the Plan Year is the calendar year (or after the Trustee’s resignation or removal pursuant to Article
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Reports of the Trustee and the Employer. Not later than 120 days after the close of each Plan Year where the Plan Year is the calendar year (or after the Trustee’s resignation or removal pursuant to Section 14.6), the Trustee shall furnish to the Employer a written report containing such information as shall be reasonably necessary to complete reports and disclosures required of the Employer pursuant to ERISA, including, without limitation, records of the transactions performed in connection with the Plan during the period in question, and either a statement of the fair market value of the assets of each Participant’s Account as of the end of the period, or information adequate to permit the Employer to compare such value. Upon the expiration of 60 days following the date on which such a report is furnished to the Employer, the Trustee shall be forever released and discharged from all liability and accountability to anyone with respect to its acts, transactions, duties, obligations or responsibilities as shown in or reflected by such report, except with respect to any such acts or transactions as to which the Employer shall have filed written objections within such 60-day period or as otherwise required by law. With respect to a Plan Year on other than a calendar basis, the Trustee shall provide the reports described herein upon request. The Employer shall be responsible for the preparation and filing of such reports and disclosures as may be required by ERISA, and for providing notice to interested parties as required by Code section 7476. The Employer shall also prepare any return or report required as a result of liability incurred by the Plan for tax on unrelated business taxable income, or windfall profits tax, or any return or report necessary to preserve the availability of any credit or deduction with respect thereto.
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Related to Reports of the Trustee and the Employer

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  • Administrator Allowances and Conditions of Practice 4.1. Creation of New Designations/Positions

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