Plan Distribution Allocation File definition
Examples of Plan Distribution Allocation File in a sentence
Thereafter, within fourteen (14) calendar days written notice to the Plan Administrator, the Settlement Administrator shall effect a transfer from the Qualified Settlement Fund to the Plan’s trustee of the aggregate amount of all settlement payments payable to Current Participants, as reflected in the Plan Distribution Allocation File provided by the Settlement Administrator.
The Parties will work cooperatively and in good faith to resolve any issues related to this Plan Distribution Allocation File.
Within fourteen (14) days thereafter, the Settlement Administrator shall transfer to the Plan’s trustee the aggregate amount of all Final Entitlement Amounts payable to Current Participants (“Aggregate Final Entitlement Amounts”), as reflected in the Plan Distribution Allocation File.
If a Current Participant has no investment election in effect, then his or her Final Entitlement Amount will be invested in the Plan’s “Qualified Default Investment Alternative.” The Plan’s recordkeeper will credit the individual account of each Current Participant in an amount equal to that stated on the Plan Distribution Allocation File within thirty (30) business days of receiving the funds from the Settlement Administrator.