Examples of Plan Fiduciary in a sentence
The Plan Fiduciary and the Participating Plan hereby agree to indemnify and hold harmless the Trustee against any liability, losses or expenses arising from (a) the Trustee’s reliance on any direction, instruction, or other notice given to the Trustee by any authorized persons on the Participating Plan’s behalf, and (b) any breach of this Participation Agreement by the Participating Plan or the Plan Fiduciary.
Plan Fiduciary: By: (Signature) (Name and Title) Wilmington Trust, N.A. By: (Signature) (Name and Title) General Instructions: Click on the field to enter your data and Press F1 for Help.
The Plan Fiduciary hereby appoints the Trustee as an investment manager [within the meaning of Section 3(38) of the Employee Retirement Income Security Act, as amended (“ERISA”)] of the Participating Plan to the extent of the Participating Plan’s investment in the Trust and the Funds, subject to the limitation that the Trustee has no responsibility for any Participating Plan decision to invest assets in or withdraw assets from the Trust, and the Trustee hereby accepts such appointment.
The Plan Fiduciary acknowledges, on behalf of the Participating Plan, having received a copy of each such instrument and the disclosure statement for each Fund in which the plan is investing and agrees to be bound by their respective terms.
The Plan Fiduciary acknowledges and agrees that such fees are not more than reasonable compensation for the services provided by the Trustee.