Common use of The Plan Administrator Clause in Contracts

The Plan Administrator. The Plan Administrator shall have responsibility and discretionary authority to control the operation and administration of the Plan in accordance with the provisions of Article IX of the Plan, including, without limiting, the generality of the foregoing: (1) Determination of eligibility for benefits and the amount and certification thereof to the Trustee; (2) Hiring of persons to provide necessary services to the Plan; (3) Issuance of directions to the Trustee to pay any fees, taxes, charges or other costs incidental to the operation and management of the Plan; (4) Preparation and filing of all reports required to be filed with respect to the Plan with any governmental agency; (5) Compliance with all disclosure requirements imposed by state or federal law; and (6) To act as the named fiduciary responsible for communicating with Members as needed to maintain Plan compliance with Section 404(c) of ERISA (If the Employer elects in the Adoption Agreement to comply with 404(c) of ERISA) including, but not limited to the receipt and transmission of Member’s directions as to investment of the accounts under the Plan and the formation of policies, rules, and procedures pursuant to which Member’s may give investment instructions with respect to the investment of their Account(s).

Appears in 2 contracts

Sources: Adoption Agreement (Sugar Creek Financial Corp./Md/), Adoption Agreement (First Savings Financial Group Inc)