Common use of Directed Trustee/Custodian Clause in Contracts

Directed Trustee/Custodian. If any assets of the Plan are held in trust, the Plan Sponsor may appoint a directed trustee/custodian of the Plan, provided that MassMutual determines that the directed trustee/custodian is capable of providing information and instructions to MassMutual in accordance with MassMutual's standard administrative procedures, as reasonably determined by MassMutual. In carrying out its responsibilities under this Agreement, MassMutual may rely on information, confirmations and other communications received from the directed trustee/custodian.

Appears in 5 contracts

Samples: Administrative Services Agreement, Administrative Services Agreement, Administrative Services Agreement

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