Equity Wash definition

Equity Wash provisions or any other such provisions restricting the timing of transfers, then any transfers of such accumulations out of this contract will be constrained by any such applicable provisions.

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Equity Wash. Crediting internal transfers. Internal transfers to an employee’s Traditional Annuity accumulation are credited to the Traditional Annuity as of the end of the effective date of the internal transfer and begin participation in the Traditional Annuity as of the following day. Internal transfers to an employee’s Investment Account accumulations purchase accumulation units as of the end of the effective date of the internal transfer.

Examples of Equity Wash in a sentence

• Transfer and Withdrawal Limit Equity Wash Termination of Agreement Upon your election to terminate this Agreement, the Plan assets invested in the Voya Fixed Plus Account III investment option on the effective date of the termination will be subject to “extended payout provision” rule as described in the group annuity contract, a form of which has been provided to Sponsor.

• The existing ING Equity Wash functionality was built based on three restriction conditions.

• At the time of application to the Contract, the Contract Holder makes an irrevocable election as to whether the Equity Wash Restrictions and Limitations Option will apply to Participants.

• This fund is subject to Equity Wash restrictions, which may limit exchanges into a competing fund.

• Further, to the extent that the Participating Trust wishes to utilize the 90-day Equity Wash Alternative, the Participating Trust shall require the TPA (recordkeeper) for the Participating Trust to enforce the direct-transfer prohibition within the 90-day Equity Wash Alternative and the TPA (recordkeeper) shall be so agreeable; however, if the TPA (recordkeeper) is not so agreeable, then the Limited Menu Alternative shall be the only alternative available.

• In addition, there will be no restrictions or penalties associated with any Plan- or Participant- initiated transfers or withdrawals (including those due to Contract termination) with the exception of Capital Preservation (stable value or others) Equity Wash Provisions.