Accounting and Reporting Duties of the Trustee Sample Clauses

Accounting and Reporting Duties of the Trustee. (a) The Trustee will keep full and accurate accounts of all receipts, investments, disbursements and other transactions hereunder, including such specific records as may be agreed upon in writing between the Plan Administrator and the Trustee. All such accounts, books, and records will be open to inspection and audit at all reasonable times by any authorized representative of the Employer or the Plan Administrator. Participant may examine only those individual account records pertaining directly to him. (b) Within 90 days after the end of each Plan Year or within 90 days after its removal or resignation, the Trustee will file with the Plan Administrator a written account of the administration of the Trust Fund showing all transactions effected by the Trustee subsequent to the period covered by the last preceding accruing period to the end of such Plan Year or date of removal or resignation and all property held at its fair market value at the end of the accounting period. Upon approval of such accounting by the Plan Administrator, neither the Employer nor the Plan Administrator will be entitled to any further accounting by the Trustee. The Plan Administrator may approve such accounting by written notice of approval delivered to the Trustee or by failure to express objection to such accounting in writing delivered to the Trustee within 90 days from the date on which the accounting is delivered to the Plan Administrator.