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, a named Fiduciary, or Plan Participant.
Examples of Directed trustee in a sentence
If so designated, then the Trustee shall have no discretionary authority to invest, manage, or control those Plan assets, but must act solely as a Directed Trustee of those Plan assets.
A nondiscretionary Trustee, as Directed Trustee of the Plan funds it holds, is authorized and empowered, by way of limitation, with the powers, rights and duties set forth herein and in Section 7.14, each of which the nondiscretionary Trustee exercises solely as Directed Trustee in accordance with the direction of the party which has the authority to manage and control the investment of the Plan assets.
More Definitions of Directed trustee
Directed trustee means a trustee that does not exercise investment dis- cretion with respect to the account.
Directed trustee means a trustee that is subject to a trust
Directed trustee means a trusteethat does not exercise investment discretion with respect to the account.
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;
Directed trustee means the directed trustee of the Settlement Trust.
Directed trustee means a trustee that is subject to a