Administrative Committee definition
Examples of Administrative Committee in a sentence
Neither the Trustee, the Investment Committee, the Administrative Committee, the Independent Fiduciary, the Company nor any of the directors, officers or employees of the Company are empowered to advise a Participant as to the manner in which his Accounts should be invested.
In operating and administering the Plan, the Administrative Committee shall apply all rules of procedure and regulations adopted by it in a uniform and nondiscriminatory manner.
If the MPC Participant separates from service before attaining age 35, clauses (A) and (B) do not apply and the Administrative Committee must provide the written explanation within the period beginning one year before and ending one year after the severance from service.
In furtherance of, but without limiting the foregoing, the Trustee, Plan recordkeeper, the Administrative Committee, or the Investment Fund provider (or their delegate, as applicable) may decline to implement any investment election or instruction where it deems appropriate.
The Administrative Committee may direct that certain administrative expenses shall be paid directly from the Accounts of the Participants and former Participants (or their Beneficiaries or alternate payees), including, but not limited to, loan fees, withdrawal fees, Investment Fund fees and recordkeeping expenses and the Administrative Committee may direct that some or all of those expenses shall only be paid from the Accounts of former Participants (or their Beneficiaries or alternate payees).