Examples of Directed trustee in a sentence
The Trustee that is designated as the Directed Trustee in the Adoption Agreement.
The Directed Trustee shall be responsible for investing the assets of the Plan and perform the responsibilities of the Trustee set forth in the Plan in accordance with specific instructions provided by the Employer or the Plan Administrator (or Participant or Beneficiary) in accordance with instructions (either in writing or in any other form permitted by rules promulgated by the IRS or DOL) from one of the foregoing.
The Trustee may be a Discretionary Trustee or a Directed Trustee.
A Trustee is a Directed Trustee with respect to the investment of Plan assets to the extent the Trustee is subject to the direction of the Plan Administrator or the Employer.
A Custodian has the same powers, rights and duties as a Directed Trustee.