Plan Supervisor definition
Examples of Plan Supervisor in a sentence
Plan Supervisor shall have no responsibility, risk, liability or obligation for the funding of any plan benefits.
Plan Supervisor is not responsible for requiring that any contributions be made, or for determining that the contributions that are received by any trust comply with the terms of any plan.
If the Employer does not provide such notification or funding within fifteen (15) calendar days of the request for funds, the Plan Supervisor has the right, but not a duty, to notify covered persons and health care providers of the delinquency of funding.
The Plan Supervisor may charge for preparation of termination reports, and such charge will be quoted at the time the reports are requested.
Plan Supervisor does not assume any responsibility for any act, omission or breach by a fiduciary, unless it has assumed fiduciary obligations as expressly provided for in this Agreement, in which case it assumes responsibility for its own acts or omissions and as otherwise required by law.
Employer, or a person designated by Employer (other than Plan Supervisor), is the named fiduciary of the Plan.
The Plan Supervisor is not and shall not be deemed a guarantor with respect to any benefits payable under the HRA Plans.
At the option of Plan Supervisor, all records of the Plan shall be returned to the Employer upon termination of this Agreement.
The arbitration proceedings shall be held in the state of Minnesota and during the pendency of any arbitration, this Agreement, any Schedules or SOWs shall continue in full force and effect until terminated as allowed in accordance with the terms and conditions thereof, and Plan Supervisor and Plan Sponsor shall continue to perform their respective obligations.
If the Adopting Employer amends the HRA Plans or the Trusts, the Adopting Employer agrees to notify the Plan Supervisor (1) before the later of the effective date of the amendment or the date of adoption of the amendment, or (2) as soon as administratively feasible.