Default Investment Fund definition

Default Investment Fund means the Investment Fund or Investment Funds designated as the Default Investment Fund by the Investment Committee. The Investment Committee may designate a different Default Investment Fund for different classes of Members and beneficiaries.
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Default Investment Fund means the T. Rowe Price Retirement Fund dated nearest to the year of the Participant’s 65th birthday, or such other fund as may be designated by the Investment Committee.
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Examples of Default Investment Fund in a sentence

  • Default Investment Fund The default Investment Fund as of the Effective Date is the Income Accumulation Fund.

  • Default Investment Fund The default Investment Fund as of the Effective Date is the Money Market Fund.

  • Default Investment Fund The default Investment Fund as of June 1, 1992 is the Income Accumulation Fund.

  • Unless the Member elects a different Investment Fund in accordance with Plan procedures prior to the Auto-enrollment Effective Date, Elective Contributions made pursuant to this Article XVII shall be invested in such Default Investment Fund or Funds that the Committee shall from time to time designate and shall remain so invested until and unless the Member files an investment election in accordance with Section 5.2 or 5.3, as applicable.