ERISA Account definition

ERISA Account means an individual retirement account. a pension, profit- sharing, stock bonus or other employee benefit plan qualified under Section 401(a) of the Code or otherwise subject to ERISA, and entities such as group trusts which are treated as holding the assets of such an account or plan. When considering an investment of the assets of an ERISA Account in the Partnership, the Plan Fiduciary (as hereinafter defined) should consider among other things (a) the definition of “plan assets” under ERISA and the final regulations issued by the Department of Labor regarding the definition of plan assets, (b) whether the investment satisfies the diversification requirements of Section 404(a)(1)(C) of ERISA, (c) whether the investment satisfies the prudence requirements of Section 404(a)(1)(B) of ERISA, (d) whether income derived from the Partnership could constitute “unrelated business taxable income” subject to federal income taxation to the ERISA Account, (e) the need to value the assets of the plan at least annually, (f) whether the investment is in accordance with the documents and instruments governing the plan and (g) that there will likely be no secondary public market in which to sell or otherwise dispose of an Interest. Purchases and ownership of Interests by or on behalf of ERISA Accounts will be monitored and restricted so that less than 25.0% of the Interests (disregarding the interest held by the Investment Manager and any interests held by any of its affiliates or other persons who have discretion over the plan assets or provide investment advice for a fee with respect to the plan (and their affiliates)) will be purchased or owned by ERISA Accounts and certain other pension or employee benefit plans, such as certain foreign, governmental or church plans (collectively, “benefit plan investors”). The Investment Manager recommends that any purchase of an Interest by an ERISA Account be considered accordingly by the Plan Fiduciary and its financial and legal advisors. The Investment Manager intends to
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ERISA Account means the separate account established under the Plan to record the credits or payments made to this Plan attributable to revenue sharing or fee capture arrangements between the Plan’s third party administrator or Recordkeeper and the Plan and/or the Employer.
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ERISA Account means an account identified as such on Custodian's books and records for the purpose of holding Plan Assets on behalf of Customer.
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Examples of ERISA Account in a sentence

  • Rowe Price Managed Bond Common Trust Fund Remove the following ERISA Account: T.

  • Amounts in the ERISA Account must be used for the direct benefit of Plan Participants, and any balances remaining in the ERISA Account at year end must be used by the end of the first quarter of the next Plan Year.

  • Each ERISA Account will be evaluated based upon the actual duration of the account in comparison to the [target] duration selected by the plan’s fiduciary.

  • An ERISA Account will have priority over another ERISA Account to the extent that is further from its target duration from the other ERISA Accounts.

  • Client acknowledges that this Agreement contains the disclosures required by ERISA Regulation Section 2550.408b-2(c) (with respect to the provision of investment management services or investment advice to an ERISA Account), which disclosures Client has received reasonably in advance of entering into this Agreement.

  • If the Account is an ERISA Account and Client is electing discretionary services, Client additionally represents and warrants (i) that the governing instruments provide that an “investment manager” as defined under ERISA may be appointed, and (ii) that the person executing and delivering this Agreement on behalf of Client is a “named fiduciary” (as defined under ERISA) who has the power under the plan to appoint an investment manager.

  • If Adviser is providing discretionary investment management services with respect to Assets in Client’s ERISA Account, then Client hereby appoints Adviser as an “investment manager” as defined in Section 3(38) of ERISA with respect to the ERISA Account Assets, and Adviser hereby accepts the appointment and agrees to provide investment management services for the ERISA Account.

  • All gifts or entertainment given or received where (i) the value is greater than $100 or (ii) that is of any value but was given to or received from an ERISA Account must be reported quarterly to the CCO.

  • The CCO will track all gifts and entertainment received from or provided to ERISA Accounts, and will be responsible for any necessary reporting in connection with those gifts and entertainment, including to ERISA Account fiduciaries and regulatory agencies.

  • If Client is an ERISA Account, Client understands that the Investment Management Company manages certain Proprietary Investment Funds and that it may recommend that the Client make such Funds available to participants in Client’s ERISA plan as a way of obtaining diversification.


More Definitions of ERISA Account

ERISA Account means any investment account other than a Fund in which a plan subject to ERISA or a Similar Law invests.
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Related to ERISA Account

  • ERISA Affiliate Plan means each Employee Benefit Plan sponsored or maintained or required to be sponsored or maintained at any time by any ERISA Affiliate, or to which such ERISA Affiliate makes or has made, or has or has had an obligation to make, contributions at any time, or with respect to which such ERISA Affiliate has any liability or obligation.

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • ERISA Affiliate means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

  • Company ERISA Affiliate means all employers (whether or not incorporated) that would be treated together with the Company or any of its Subsidiaries as a “single employer” within the meaning of Section 414 of the Code.

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • ERISA Plan means an employee benefit plan maintained for employees of any Person or any ERISA Affiliate of such Person subject to Title IV of ERISA (other than a Multiemployer Plan).

  • ERISA Affiliates means, with respect to any entity, trade or business, any other entity, trade or business that is a member of a group described in Section 414(b), (c), (m) or (o) of the Code or Section 4001(b)(1) of ERISA that includes the first entity, trade or business, or that is a member of the same “controlled group” as the first entity, trade or business pursuant to Section 4001(a)(14) of ERISA.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Parent ERISA Affiliate means any corporation or trade or business (whether or not incorporated) which is (or at any relevant time was) treated with Parent or any of its Subsidiaries as a single employer within the meaning of Section 414 of the Code.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Multiemployer Plan means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

  • ERISA Plans shall have the meaning set forth in Section 3.13(a).

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Controlled Group means all members of a controlled group of corporations or other business entities and all trades or businesses (whether or not incorporated) under common control which, together with the Borrower or any of its Subsidiaries, are treated as a single employer under Section 414 of the Code.

  • Reportable Account The term “Reportable Account” means an account held by one or more Reportable Persons or by a Passive NFE with one or more Controlling Persons that is a Reportable Person.

  • ERISA means the Employee Retirement Income Security Act of 1974, as amended.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Multiemployer Plans means “multiemployer plans” as defined by Section 3(37) of ERISA.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • ERISA Funding Rules means the rules regarding minimum required contributions (including any installment payment thereof) to Title IV Plans, as set forth in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Controlled Deposit Account means each deposit account (including all funds on deposit therein) that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.