Defined Contribution Accounts definition
Examples of Defined Contribution Accounts in a sentence
BNY Mellon Investment Servicing Trust Company resigned as custodian and the Funds contacted owners of the Defined Contribution Accounts to seek their termination through distribution or rollover to an ▇▇▇ or transfer to another retirement plan provider but were unable to effect the termination of all Defined Contribution Accounts by the termination date of the TA Agreement.
PFPC Trust resigned as custodian and the Funds contacted owners of the Defined Contribution Accounts to seek their termination through distribution or rollover to an ▇▇▇ or transfer to another retirement plan provider but were unable to effect the termination of all Defined Contribution Accounts by the termination date of the TA Agreement.
Additionally, if two or more notional investment alternatives are established by the Committee, unless otherwise provided under this Plan, Participants may allocate the amounts credited to their Defined Contribution Accounts among the notional investment alternatives available under the Plan only in whole percentages of not less than one percent.
In connection with the termination of the TA Agreement and the conversion to the successor transfer agent, the successor transfer agent advised the Funds that it is unwilling to serve as custodian for these employer sponsored retirement plan accounts (the "Defined Contribution Accounts").
To the extent established by the Committee, a Participant may change the notional investment alternatives to which the Participant’s Defined Contribution Accounts are deemed to be allocated on such basis as determined by the Committee in its sole and absolute discretion.