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.

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.


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 power of direction.
Directed trustee means a trustee that is subject to a trust
Directed trustee means a trustee that is subject to a trust director’s power of direction.
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.