Control Of Plan Assets. The assets of the Trust or evidence of ownership shall be held by the Trustee and/or the Custodian under the terms of the Basic Plan Document #01. If the assets represent amounts transferred from another trustee or custodian under a former plan, the Trustee and/or Custodian named hereunder shall not be responsible for any actions of the prior fiduciary including the propriety of any investment decision made by the prior trustee/custodian under any prior plan. Instead, the Employer shall be responsible for such actions.
Appears in 11 contracts
Samples: Defined Contribution Plan (Century Bancorp Inc), 401(k) Defined Contribution Plan (Measurement Specialties Inc), Defined Contribution Plan (Idt Corp)
Control Of Plan Assets. The assets of the Trust or evidence of ownership shall be held by the Trustee and/or the Custodian under the terms of the Basic Plan Document #01contained herein. If the assets represent amounts transferred from another trustee or custodian under a former plan, the Trustee and/or Custodian named hereunder shall not be responsible for any actions of the prior fiduciary Fiduciary including the propriety of any investment decision made by the prior trustee/custodian trustee or custodian, as applicable, under any prior plan. Instead, the Employer shall be responsible for such actions.
Appears in 9 contracts
Samples: Defined Contribution Plan (1st Constitution Bancorp), Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (Savannah Bancorp Inc)
Control Of Plan Assets. The assets of the Trust Fund or evidence of ownership shall be held by the Trustee and/or the Custodian under the terms of the Basic Plan Document #01and Trust. If the assets represent amounts transferred from another trustee or custodian under a former plan, the Trustee and/or Custodian named hereunder shall not be responsible for any actions of the prior fiduciary including the propriety of any investment decision made by under the prior trustee/custodian under any prior former plan. Instead, the Employer shall be responsible for such actions.
Appears in 4 contracts
Samples: 401(k) Plan Document (East West Bancorp Inc), Non Standardized Adoption Agreement (Princeton Review Inc), Adoption Agreement (Oregon Trail Financial Corp)
Control Of Plan Assets. The assets of the Trust Fund or evidence of ownership shall be held by the Trustee and/or the Custodian under the terms of the Basic Plan Document #01and Trust Account. If the assets represent amounts transferred from another trustee or custodian under a former plan, the Trustee and/or Custodian named hereunder shall not be responsible for any actions of the prior fiduciary including the propriety of any investment decision made by under the prior trustee/custodian under any prior former plan. Instead, the Employer shall be responsible for such actions.
Appears in 2 contracts
Samples: Profit Sharing Plan (First Keystone Corp), Defined Contribution Plan and Trust (First Keystone Corp)
Control Of Plan Assets. The assets of the Trust Fund or evidence of ownership shall be held by the Trustee and/or the Trustee/Custodian under the terms of the Basic Plan Document #01and Trust/Custodial Account. If the assets represent amounts transferred from another trustee or trustee/ custodian under a former plan, the Trustee and/or Trustee/Custodian named hereunder shall not be responsible for any actions of the prior fiduciary including the propriety of any investment decision made by under the prior trustee/custodian under any prior former plan. Instead, the Employer shall be responsible for such actions.
Appears in 1 contract
Samples: Adoption Agreement (Professionals Insurance Co Management Group)
Control Of Plan Assets. The assets of the Trust Fund or evidence of ownership shall be held by the Trustee and/or the Custodian under the terms of the Basic Plan Document #01and Trust. If the assets represent amounts transferred from another trustee or custodian under a former planPlan, the Trustee and/or Custodian named hereunder shall not be responsible for any actions of the prior fiduciary including the propriety of any investment decision made by under the prior trustee/custodian under any prior former plan. Instead, the Employer shall be responsible for such actions.
Appears in 1 contract