Common use of Designated investment alternative Clause in Contracts

Designated investment alternative. A ‘‘designated investment alternative’’ is any investment alternative des- ignated by the covered plan into which participants and beneficiaries may di- rect the investment of assets held in, or contributed to, their individual ac- counts. The term ‘‘designated invest- ment alternative’’ shall not include brokerage windows, self-directed bro- kerage accounts, or similar plan ar- rangements that enable participants and beneficiaries to select investments beyond those designated by the covered plan.

Designated investment alternative. A ‘‘designated investment alternative’’ is any investment alternative des- ignated designated by the covered plan a fidu- ciary into which participants and beneficiaries bene- ficiaries may di- rect direct the investment of assets held in, or contributed to, their individual ac- countsaccounts. The term ‘‘designated invest- ment investment alternative’’ shall not include brokerage windows, self-directed bro- kerage brokerage accounts, or similar plan ar- rangements arrangements that enable participants and beneficiaries to select investments in- vestments beyond those designated by the covered planspecifically des- ignated.

Designated investment alternative. A ‘‘ ‘designated investment alternative’’ is any investment alternative des- ignated by the covered plan into which participants and beneficiaries may di- rect the investment of assets held in, or contributed to, their individual ac- counts. The term ‘‘designated invest- ment alternative’’ shall not include brokerage windows, self-directed bro- kerage accounts, or similar plan ar- rangements that enable participants and beneficiaries to select investments beyond those designated by the covered plan.