Examples of Administrative Services Provider in a sentence
To undertake any other action the Administrative Services Provider deems reasonable or necessary to provide third party administrative services to the Plan.
All notices under the Plan and all Participant or Beneficiary designations, elections, consents or waivers must be in writing and made in a form acceptable to the Administrative Services Provider.
The value of each Participant’s Account consists of his/her accumulated Deferred Compensation, as of the most recent Accounting Date or any later date as the Administrative Services Provider may determine.
If the Plan receives money that is not attributable to an Account, then the Employer will direct the Administrative Services Provider as to the use of these amounts.
Notwithstanding the foregoing, the Administrative Services Provider may pay from a Participant’s or Beneficiary’s Account the amount the Administrative Services Provider finds is lawfully demanded under a levy issued by the Internal Revenue Service with respect to that Participant or Beneficiary or is sought to be collected by the United States Government under a judgment resulting from an unpaid tax assessment against the Participant or Beneficiary.