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2022-203
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2022-203
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Last modified
10/31/2022 12:17:36 PM
Creation date
10/31/2022 12:12:10 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/11/2022
Control Number
8.C.
Entity Name
Lincoln Financial Group and Trust Company, as Trustee
Subject
Governmental 457(b) Trust Agreement
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Index <br />ArticleI Definitions......................................................................................................1 <br />Investment of Trust.......................................................................................3 <br />Section 1.1 <br />Definitions...............................................................................1 <br />Article II Creation; Purpose; <br />Etc..................................................................................2 <br />Section2.1 <br />Creation..................................................................................2 <br />Section2.2 <br />Purpose..................................................................................2 <br />Section 2.3 <br />Exclusive Benefit....................................................................2 <br />Section 2.4 <br />Domestic Trust........................................................................2 <br />Section 2.5 <br />Prohibited Transactions..........................................................2 <br />Section 2.6 <br />Directed Trustee......................................................................2 <br />Section 2.7 <br />Employer Representation........................................................2 <br />Article III Administration of Plan..................................................................................3 <br />Section 3.1 Payment of Benefits...............................................................3 <br />Section 3.2 Reliance on Administrator......................................................3 <br />Section 3.3 Trustee Not Responsible for Plan Administration ..................3 <br />Section 3.4 Trustee Not Responsible for Enforcing <br />Contributions or for Sufficiency of Account ............................3 <br />Section 3.5 Plan -to -Plan Transfers/Rollovers............................................3 <br />Article IV <br />Investment of Trust.......................................................................................3 <br />Section 4.1 <br />Employer Authority..................................................................3 <br />Section 4.2 <br />Investment Managers......................................................... <br />3-4 <br />Section 4.3 <br />Individually Directed Accounts...............................................4 <br />Section 4.4 <br />Reliance on Employer, Investment <br />Managers, Participants...........................................................4 <br />Section 4.5 <br />Late Day Trading.....................................................................4 <br />Section 4.6 <br />Self -Directed Brokerage Accounts..........................................4 <br />Section 4.7 <br />Plan Expense Account............................................................4 <br />Article V <br />Powers of Trustee..................................................................................... <br />5-6 <br />Section 5.1 <br />General Powers......................................................................6 <br />Section 5.2 <br />Uninvested Cash and Float....................................................6 <br />Section 5.3 <br />Valuations...............................................................................6 <br />Article VI <br />Records and Accounts of Trustee..............................................................7 <br />Section6.1 <br />Records..................................................................................7 <br />Section 6.2 <br />Annual and Other Periodic Accounts.....................................7 <br />Section 6.3 <br />Tax Returns and Tax Withholding and Reporting ..................7 <br />Article VII <br />Trustee's Rights/Limitations of Trustee's Responsibility ........................7 <br />Section 7.1 <br />No Implied Duties...................................................................7 <br />Section 7.2 <br />Evidence of Authority..............................................................7 <br />Section 7.3 <br />Reliance by Trustee................................................................8 <br />Section 7.4 <br />Trustee May Employ Agents..................................................8 <br />Section 7.5 <br />No Obligation to Act on Unsatisfactory Notice .......................8 <br />Article VIII <br />Compensation, Taxes, Expenses, Indemnity..............................................8 <br />Section 8.1 <br />Payment of Compensation and Expenses .............................8 <br />Section8.2 <br />Taxes......................................................................................8 <br />Section 8.3 <br />Indemnification by Employer ............................................... <br />8-3 <br />Section 8.4 <br />Indemnification by Trustee.....................................................9 <br />
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