Establishment of Participant Accounts. The Trustee shall establish and maintain a Participant Account for each Participant. The Participant Accounts as established hereunder shall be adjusted as provided in this Plan. Payment of benefits under Article V and Section 4.01 shall be charged against the Participant Account of the Participant for whom the payments are attributable. The maintenance of the Participant Accounts is for accounting purposes only, and a segregation of Trust Fund assets shall not be required. Any insurance policies held by the Trust Fund in accordance with this Plan shall be commingled with the other assets of the Trust Fund and shall not be credited to the Participant Account of the Participant on whose life the policy is based.
Establishment of Participant Accounts. Empower shall establish and maintain an account for each Participant. Each account record shall consist of the Participant’s name, social security number, address, date of birth, telephone number and such other information as may be required from time to time f or administration of the Plan. Empower will maintain an accounting of the contributions and earnings in separate accounts. Amounts distributed from Xxxx accounts will be made and tax reported pursuant to the applicable provisions of the Agreement.
