Common use of Relationship of Fiduciaries Clause in Contracts

Relationship of Fiduciaries. Each fiduciary of each Participant in a Participating Plan and the Master Custodial Administration Agreement shall be solely responsible for its own acts or omissions or to question any instruction or representation by the Employer, the Plan Administrator, an Investment Manager, or other authorized person. To the extent permitted under applicable law, the Master Custodial Administration Agreement Administrator shall have no duty to question any fiduciary’s performance of its duties.

Appears in 4 contracts

Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement

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