Participant Directed Accounts. A Participant- Directed Account is an Account that the Plan Administrator establishes and maintains or directs the Trustee to establish and maintain for a Participant to invest in one or more assets that are not pooled assets held by the Trust, such as assets in a brokerage account or other property in which other Participants do not have any interest. As the Plan Administrator determines, a Participant- Directed Account may provide for a limited number and type of investment options or funds, or may be open-ended and subject only to any limitations imposed by applicable law. A Participant may have one or more Participant-Directed Accounts in addition to Pooled or Segregated Accounts. A Participant-Directed Account is credited and charged with the Earnings. As of each Valuation Date, the Plan Administrator must reduce a Participant-Directed Account for any forfeiture arising from Section 5.07 after the Plan Administrator has made all other allocations, changes or adjustments to the Account (excluding Earnings) for the valuation period.
Participant Directed Accounts. In plans providing for Participant directed accounts, the Trustee may, upon written instructions from the Plan Administrator with the Trustee’s consent, segregate assets representing the value of an individual Participant’s account under the Plan and allow the Participant to manage the investment of those assets attributable to his account. The Trustee shall have no obligation to invest or otherwise manage assets earmarked for an individual Participant’s account until written notice is received from the Plan Administrator terminating the Participant directed account. The Participant shall have full investment responsibility for the assets segregated fro his account and the Trustee shall have no duty to oversee the Participant’s investment except that the Trustee shall not accept a Participant’s direction to invest in “collectibles” [within the meaning of Section 408 (m) (2) of the Code] including, but not limited to, tangible personal property such as a work of art, rug, antique, metal, gem, stamp, coin, alcoholic beverage or any other such property specified by the Internal Revenue Service. Neither the Trustee nor any other fiduciary shall be liable for any loss which results from a Participant’s or his Beneficiary’s exercise of control over the assets segregated to his individual account.
Participant Directed Accounts. (a) Notwithstanding the foregoing provisions of this Article VIII, the Board, in its sole discretion, may implement a participant directed investment program under Section 404(c) of ERISA, by giving each Covered Employee (and any Beneficiary) the right to elect to have all or a portion of his or her account balance under the Plan invested from among such funds or other investments ("Investment Funds") as shall from time to time be designated by the Board, which may include, but are not limited to, a series of equity, fixed income, balanced, money market and insurance company contract funds. In such event, the participant shall have the sole responsibility to invest such portion or portions of his or her account, and the Trustees shall have no liability for the acts or omissions of such participant.
Participant Directed Accounts. (a) Notwithstanding the provisions of Sections 4 and 5, the Chief Financial Officer, pursuant to the terms of the Plans, may direct the Trustee as to the investment options in which Covered Individuals may direct the investment of all or a portion of their accounts under the Plans (such accounts hereinafter referred to as "Participant Directed Accounts"). With respect to the Participant Directed Accounts, the Trustee shall have no responsibility for the selection of investment options or for the allocation of Covered Individual's Participant Directed Accounts among such investment options under the Master Trust and shall not render investment advice to any person in connection with the selection of such options. Notwithstanding the immediately preceding sentence, however, the Trustee shall be considered a fiduciary with respect to Plan assets that are invested in any investment funds maintained by the Trustee for qualified plans except proprietary mutual funds.
Participant Directed Accounts. 7.04(A)(2)(b) Participant’s RMD Account Balance. 6.02(E)(6)
Participant Directed Accounts. A Participant Directed Account is an Account that the Plan Administrator establishes and maintains or directs the Trustee to establish and maintain for a Participant to invest one or more assets that are not pooled assets held by the Trustee. As the Plan Administrator determines, a Participant Directed Account may provide for a limited number and type of investment options or funds.
Participant Directed Accounts. A Participant-Directed Account is an Account that the Plan Administrator establishes and maintains or directs the Trustee to establish and maintain for a Participant to invest in one or more assets that are not pooled assets held by the Trust, such as assets in a brokerage account or other property in which other Participants do not have any interest. As the Plan Administrator determines, a Participant-Directed Account may provide for a limited number and type of investment options or funds, or may be open-ended and subject only to any limitations imposed by ERISA or other Applicable Law. A Participant may have one or more Participant-Directed Accounts in addition to Pooled or Segregated Accounts. A Participant-Directed Account is credited and charged with the Earnings under Section 7.04(B)(4)(e). As of each Valuation Date, the Plan Administrator must reduce a Participant-Directed Account for any forfeiture arising from Section 5.07 after the Plan Administrator has made all other allocations, changes or adjustments to the Account for the valuation period.
Participant Directed Accounts. If Participant investment direction is elected in the Adoption Agreement and if the Participant directs the investment of the Participant's Account in investment categories provided by the Trustee, net earnings, losses, and changes in the fair market value of each separate investment category established in the Trust Fund will be computed and allocated on a category by category basis to the Participants in the ratio that the total dollar value of the interest (whether or not vested) of each Participant in each investment category, including the portions resulting from Employer contributions and any Participant contributions, bears to the aggregate dollar value of all such Participants in each investment category as of the last previous valuation date. If Participant investment direction is elected in the Adoption Agreement and if the Participant directs the investment of the Participant's Account in investments chosen and specified by the Participant and such investments are not commingled with any other Participant's Accounts, the value of the Participant's Account will be the aggregate fair market value of each such specific investment on the date such determination is made. If any portion of a Participant's Account has been distributed during the Plan Year, such amount will be excluded from the Participant's total Account balance for purposes of this paragraph.
Participant Directed Accounts. Notwithstanding anything to the contrary herein contained, if permitted under the Adoption Agreement, the Plan Administrator may elect to allow Participants to direct the investment of their own Accounts. In the event of such election, the following provisions shall apply:
Participant Directed Accounts. The Trustees may determine that the Fund will permit or require that each Employee invest part or all of the funds in the Employee's Individual Account in a range of investment options specified by the Trustees, provided however, that such investments shall not include "collectibles" as defined in Section 408(m) of the Internal Revenue Code. After any such determination by the Trustees, Employees may, from time to time, instruct the Trustees, or other person designated by the Trustees to purchase and or sell assets of the type permitted for his Individual Account. Notwithstanding the preceding, the Trustees may establish reasonable rules limiting the investment discretion and investment timing of an Employee, and similar matters. Accounts which have been individually directed will be segregated for purpose of allocated earnings and expenses. The Trustees will design and administer the Plan of Benefits, so that the portion of the Individual Account constituting the Elective Deferrals of the Employee and earnings thereon shall constitute a participant-directed plan within the meaning of Section 404(c) of ERISA and, accordingly, the Trustees and the Employers will not be held liable for the Employee's investment choices under the Plan of Benefits.
