Fiduciary Standards. The Trustee shall invest and reinvest income in the same Fund in accordance with the investment objectives established by the Employer, provided that: (a) such investments are prudent under the Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder, (b) such investments are sufficiently diversified or otherwise insured or guaranteed to minimize the risk of large losses, and (c) such investments are similar to those which would be purchased by another professional money manager for a like plan with similar investment objectives.
Appears in 4 contracts
Samples: 401(k) Plan Document (East West Bancorp Inc), 401(k) Plan Document (Inventa Technologies Inc), Adoption Agreement (Shared Technologies Cellular Inc)
Fiduciary Standards. The Trustee shall invest and reinvest principal and income in the same Fund in accordance with the investment objectives established by the Employer, provided that:
(a) such investments are prudent under the Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder,
(b) such investments are sufficiently diversified or otherwise insured or guaranteed to minimize the risk of large losses, and
(c) such investments are similar to those which would be purchased by another professional money manager for a like plan with similar investment objectives.
Appears in 2 contracts
Samples: Profit Sharing Plan (First Keystone Corp), Defined Contribution Plan and Trust (First Keystone Corp)
Fiduciary Standards. The Trustee shall invest and reinvest principal and income in the same Fund in accordance with the investment objectives established by the Employer, provided that:
(a) such investments are prudent under the Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder,
(b) such investments are sufficiently diversified or otherwise insured or guaranteed to minimize the risk of large losses, and
(c) such investments are similar to those which would be purchased by another professional money manager for a like plan with similar investment objectives.
Appears in 2 contracts
Samples: Cash or Deferred Profit Sharing Plan (Port Financial Corp), 401(k) Plan Document (Berkshire Hills Bancorp Inc)
Fiduciary Standards. The Trustee shall invest and reinvest principal and income in the same Fund in accordance with the investment objectives established by the Employer, provided that:
(a) such investments are prudent under the Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder,
(b) such investments are sufficiently diversified or otherwise insured or guaranteed to minimize the risk of large losses, and
(c) such investments are similar to those which would be purchased by another professional money manager for a like plan with similar investment objectives.
Appears in 1 contract
Samples: Adoption Agreement (Professionals Insurance Co Management Group)
Fiduciary Standards. The Trustee shall invest and reinvest income in the same Fund in accordance with the investment objectives established by the Employer, provided that:
(a) such investments are prudent under the Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder,
(b) such investments are sufficiently diversified or otherwise insured or guaranteed to minimize the risk of large losses, andand 70
(c) such investments are similar to those which would be purchased by another professional money manager for a like plan with similar investment objectives.
Appears in 1 contract
Samples: Adoption Agreement (Professionals Insurance Co Management Group)
Fiduciary Standards. The Trustee shall invest and reinvest income in the same Fund in accordance with the investment objectives established by the Employer, provided that:
(aA) such investments are prudent under the Employee Retirement Income Security Act of 1974 and the regulations promulgated thereunder,
(bB) such investments are sufficiently diversified or otherwise insured or guaranteed to minimize the risk of large losses, and
(cC) such investments are similar to those which would be purchased by another professional money manager for a like plan with similar investment objectives.
Appears in 1 contract
