SPO Default Fund definition

SPO Default Fund means the SPO investment option into which the transferred assets will be placed when Participants transfer assets from BrokerageLink to the SPO.
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Examples of SPO Default Fund in a sentence

  • Each Plan must designate one of the SPO investment options as the SPO Default Fund.

  • When placing the sell order in a Participant Account, the Participant may not request that upon settlement of the sell, assets be transferred from BrokerageLink to the SPO Default Fund.

  • The Participant must call back after each settlement to transfer funds from the BrokerageLink Core Account into the SPO Default Fund.

  • If there are sufficient assets in the BrokerageLink Core Account, then Fidelity will initiate the transfer to the SPO Default Fund to cover the fee or distribution.

  • If a Participant wants to reallocate from the SPO Default Fund to other SPO investment options, he/she must contact Fidelity after the assets have been credited to the SPO Default Fund.

  • In the case of assets from restricted sources or from non-vested assets, those assets will be credited to the SPO Default Fund.

  • All assets exchanged from BrokerageLink to other SPO investment options are first credited to the SPO Default Fund.