Examples of Mercantile Plan in a sentence
Under the Plan, each individual who had an account balance merged into the Plan from the Mercantile Plan has an Account equal to or greater than the account balance such individual had under the Mercantile Plan immediately before the merger.
Under the Plan, each individual who had an account balance merged into the Plan from the Mercantile Plan or the Sterling Plan has an Account equal to or greater than the account balance such individual had under the Mercantile Plan or the Sterling Plan immediately before the merger.
Count III alleges that the lump-sum payouts received in December, 2000, were reduced because Defendants unilaterally altered, amended, or modified the Mercantile Plan in such a way as to divest participants of their vested rights.
Firstar Corporation (“Firstar”) bought Mercantile Bancorporation on September 20, 1999, at which point the Mercantile Plan was merged into the Firstar Employees Pension Plan (“the Firstar Plan”).
The Mercantile Plan used eight proprietary mutual funds, each of which is a series of PNC Funds, Inc.10 ( i.e., the Funds),11 while the PNC Plan used an ‘‘open’’ platform that includes non-proprietary funds.12 10 Prior to October 1, 2007, the name of the Fund family was ‘‘Mercantile Funds, Inc.’’11 It is represented that the Mercantile Plan’s assets were invested in the Funds in accordance with Prohibited Transaction Exemption (PTE) 77– 3.
Theestimated coefficients of the interaction term are small and not statistically significant, regardless of the set of fixed effects that we include in our model.The difference-in-differences design also requires knowledge of what determined treat- ment status.
As a condition of this proposed exemption, PNC will reimburse the PNC Plan, into which the Mercantile Plan was merged on November 1, 2007, for all brokerage costs that the Mercantile Plan incurred on November 1, 2007.During the process leading up to theRedemption date, the Funds provided the Mercantile Plan trustee with lists of the securities that were likely to be included in the Redemptions, to permit the Mercantile Plan fiduciaries to determine in advance how best to dispose of the securities.
Finally, Wilshire noted: The [Mercantile] Plan entered into arrangements for brokers to acquire the distributed securities from the [Mercantile] Plan at their closing prices on October 31, 2007, and to assume the risk of future price changes.
The Mercantile Plan trustee passed those lists along to the funds on the PNC Plan investment platform that were to receive the proceeds of the respective Redemptions.
As in Campbell, only expected future benefits were effected by the conversion of the Mercantile Plan to a cash balance plan.