Group Trust. If this item is checked, the Employer elects to establish a Group Trust consisting of such Plan assets as shall from time to time be transferred to the Trustee pursuant to Article X of the Plan. The Trust Fund shall be a Group Trust consisting of assets of this Plan plus assets of the following plans of the Employer or of an Affiliate:
Group Trust. 10.13.1 If elected by the Employer in the Adoption Agreement, the Trustee shall be the Trustee for this Plan and for each other qualified plan specified in the Adoption Agreement; provided, however, that such other qualified plan is in effect pursuant to an Adoption Agreement under this Prototype Plan. Any reference to Trustee and to the Trust Fund in this Plan shall mean the Trustee as the trustee of a Group Trust consisting of the assets of each such plan. The Plan and each other qualified plan specified in the Adoption Agreement shall be deemed to join in and adopt the Trust as the trust for each such plan. By executing the Adoption Agreement, the Trustee accepts designation as Trustee of this Group Trust.
10.13.2 The Trustee shall establish and maintain such accounting records for each of the Plans as shall be necessary to reflect the interest in the Group Trust applicable at any time or from time to time to each Plan. No part of the corpus or income of the Group Trust allocable to an individual Plan may be used for or diverted to any purposes other than for the exclusive benefit of Participants and their Beneficiaries entitled to benefits under that Plan. The allocable interest of a Plan in the Group Trust may not be assigned.
Group Trust. A Trust Fund consisting of assets of any Plan maintained and established by the Employer under Section 10.13.
Group Trust. Prior to the Distribution Date, HP shall cause the ----------- Master Trust Agreement pursuant to the HP DPSP and HP RP to qualify as a group trust under IRS Revenue Ruling 81-100 (the "Group Trust").
Group Trust. 81 ARTICLE XI PLAN AMENDMENT OR TERMINATION
Group Trust. To the extent permitted by law, the Board may commingle the investment of the Trust Fund with other funds that it administers. To the extent that the Board invests any money or assets of the Trust in a group trust as authorized by MCL 38.1140c, said group trust must:
(a) expressly prohibit any part of the MERS’ corpus or income from being used for, or diverted to, any purpose other than for the exclusive benefit of the members and beneficiaries of the System,
(b) be operated or maintained exclusively for the comingling and collective investment of funds from other trusts that is holds,
(c) be intended to qualify as a group trust under Internal Revenue Code Sections 401(a) and 501(a), and
(d) satisfy the requirements of Internal Revenue Code Section 401(a)(24) and the requirements for a group trust as established by Revenue Ruling 81-100, 1981-1 C.B. 326, as amended by Revenue Ruling 2004-67, 2004-2 C.B. 28, and as modified by Revenue Ruling 2011-1, 2011-2 I.R.B. 251. In this regard, the Board will only invest in group trusts which also are maintained to reflect the interest(s) of each participating retiree benefit plan, including separate accounting for contributions to the group trust by each such plan, disbursements made from each such plan’s account, and the investment experience of the group trust as allocable to that account. To the extent necessary, the Board is authorized to adopt the terms of the group trust as additional terms of this Trust.
Group Trust. -i- TABLE OF CONTENTS (Continued)
Group Trust. 61 ARTICLE XI. PLAN AMENDMENT OR TERMINATION......................................................................61 11.1 Prototype Plan Amendment.................................................................................61 11.2 Plan Amendment...........................................................................................62 11.3 Right of the Employer to Terminate Plan..................................................................63 11.4 Effect or Partial or Complete Termination or Complete Discontinuance of Contributions...............................................................................63 11.5 Bankruptcy...............................................................................................64
Group Trust. 86 Article 11
Group Trust. The trustees of a group trust which (a) acquires this Contract, CONTRACT HOLDER: (b) limits participation to Pension and Profit Sharing Plans and Trusts qualified under Section 401 (a) of the Code and exempt from tax under Section 501 (a) of the Code, and (c) which is intended to meet the requirements of Internal Revenue Service Revenue Ruling 81-100, as modified or superseded.
