Examples of Plan Investor in a sentence
Provided, however, that for the sole purpose of determining the amount of the Fund’s assets that constitute “plan assets” under ERISA, the Investor shall not be considered a Benefit Plan Investor.
A Benefit Plan Investor can also be an insurance-company general account the assets of which are considered for purposes of ERISA or Section 4975 of the Code to be assets of a Benefit Plan Investor.
If the assets of the Company were regarded as “plan assets” for a Benefit Plan Investor, the Investment Manager would be a “fiduciary” (as defined in ERISA) with respect to such plan and would be subject to the obligations and liabilities imposed on fiduciaries by ERISA and/or the IRC.
If the Subscriber does not respond “Yes” or “No,” it shall be deemed to be a Benefit Plan Investor.