Common use of Procedure When Distributee Cannot Be Located Clause in Contracts

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the records of the Employer or the Administrator, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle shall continue to hold the benefits due such person.

Appears in 2 contracts

Samples: Adoption Agreement for 403(b) Plan, Adoption Agreement for 403(b) Plan

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Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the records of the Employer Employer’s or the Administrator's records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle funding vehicle shall continue to hold the benefits due such person.

Appears in 2 contracts

Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement

Procedure When Distributee Cannot Be Located. The Administrator Vendors shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's ’s Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the records of the Employer Employer’s or the AdministratorVendor’s records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program programs to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator Vendor is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle shall continue to hold the benefits due such person.

Appears in 2 contracts

Samples: Optional Retirement Plan, Optional Retirement Plan

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) a. the mailing by certified mail of a notice to the last known address shown on the records of the Employer Employer’s or the Administrator's records, (b) b. notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) c. the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle shall continue to hold the benefits due such person.

Appears in 1 contract

Samples: 403(b) Written Plan Adoption Agreement

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the records of the Employer Employer's or the Administrator's records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 six months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle Trust Fund shall continue to hold the benefits due such person.

Appears in 1 contract

Samples: Public Employee Deferred Compensation Plan

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a f Participant or a Participant's ’s Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the records of the Employer or the Administrator’s records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Guarantee Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 six (6) months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle Trust shall continue to hold the benefits due such personperson to the extent consistent with applicable law.

Appears in 1 contract

Samples: 457 Governmental Deferred Compensation Plan and Trust

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Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's ’s Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the records of the Employer or the Administrator’s records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Guarantee Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 six (6) months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle Trust shall continue to hold the benefits due such personperson to the extent consistent with applicable law.

Appears in 1 contract

Samples: 457 Governmental Deferred Compensation Plan and Trust

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the records of the Employer Employer's or the Administrator's records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle funding vehicle shall continue to hold the benefits due such person.

Appears in 1 contract

Samples: 403(b) Retirement Plan Document

Procedure When Distributee Cannot Be Located. The Administrator shall make all reasonable attempts to determine the identity and address of a Participant or a Participant's ’s Beneficiary entitled to benefits under the Plan. For this purpose, a reasonable attempt means (a) the mailing by certified mail of a notice to the last known address shown on the records of the Employer Employer’s or the Administrator’s records, (b) notification sent to the Social Security Administration or the Pension Benefit Guaranty Corporation (under their program programs to identify payees under retirement plans), and (c) the payee has not responded within 6 months. If the Administrator is unable to locate such a person entitled to benefits hereunder, or if there has been no claim made for such benefits, the Funding Vehicle shall continue to hold the benefits due such person.

Appears in 1 contract

Samples: 403(b) Plan

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