Plan Custodian definition
Examples of Plan Custodian in a sentence
If permitted under the Plan, Custodian may accept Rollover Contributions on behalf of any Participant or eligible Beneficiary meeting the requirements of Code Sections 402(c) and 403(b)(8), and shall deposit such amounts into the Participant’s Account hereunder.
Preparation of shareowner Federal Tax Information Forms, including those required of a Retirement Plan Custodian.
Without limiting the foregoing, PenChecks Trust shall not be responsible for any loss incurred by reason of any act or omission of any service provider selected by Sponsor, by any Plan Trustee or Plan Custodian, the Sponsor itself, or any fiduciary under the Plan and Sponsor agrees to hold PenChecks Trust harmless with respect thereto.
For clarity, Employees wishing to make lump sum payments to their RRSP may do so directly to the Plan Custodian subject to CCRA regulations.
For clarity, Employees wishing to make lump sum payments to their may do so directly to the Plan Custodian subject to regulations.