Directed trustee definition
Directed trustee means a trustee that is subject to a trust director's power of direction.
Directed trustee means a Trustee who, with respect to the investment of Plan assets, is subject to the direction of the Administrator, the Employer, a properly appointed Investment Manager, a named Fiduciary, or Plan Participant. To the extent the Trustee is a Directed Trustee, the Trustee does not have any discretionary authority with respect to the investment of Plan assets. In addition, the Trustee is not responsible for the propriety of any directed investment made pursuant to this Section and shall not be required to consult or advise the Employer regarding the investment quality of any directed investment held under the Plan.
Directed trustee means a Trustee who, with respect to the investment of Plan assets, is subject to the direction of the Administrator, the Employer, a properly appointed Investment Manager, or Plan Participant.
More Definitions of Directed trustee
Directed trustee means a trustee that is subject to a
Directed trustee means a trustee that is subject to a trust director’s power of direction.
Directed trustee means a trustee that is subject to a power of direction.
Directed trustee means a trustee that is subject to a trust director’s
Directed trustee means a trustee subject to direction by a trust director.
Directed trustee means the directed trustee of the Settlement Trust.
Directed trustee means a trustee that is subject to a trust director’s power of direction, including a power over the investment, management, or distribution of trust property or other matters of trust administration. The term excludes the powers described in a power of appointment described elsewhere in the UDTA;