Laserfiche WebLink
SECTION XI <br />TRUST FUND <br />11.1 Trust Fund <br />All amounts in a Participant's or Beneficiary's Account Balance, all property and rights <br />purchased with such amounts, and all income attributable to such amounts, property, or rights <br />shall be held and invested in the Trust Fund in accordance with this Plan. The Trust Fund, and <br />any subtrust established under the Plan, shall be established pursuant to a written agreement that <br />constitutes a valid trust, custodial agreement, annuity contract, or similar agreement under the <br />laws of the State of residence of the Employer, to the extent not superseded by federal law. All <br />investments, amounts, property, and rights held under the Trust Fund shall be held in trust for the <br />exclusive benefit of Participants and their Beneficiaries and defraying reasonable expenses of the <br />Plan and of the Trust Fund. Prior to the satisfaction of all liabilities with respect to Participants <br />and their Beneficiaries, no part of the assets and income of the Trust Fund may be used for, or <br />diverted to, for purposes other than for the exclusive benefit of Participants and their <br />Beneficiaries. The Employer has no beneficial interest in the Trust Fund and no part of the Trust <br />Fund shall ever revert to the Employer, directly or indirectly, provided, however, that a <br />contribution or any portion thereof made by the Employer through a mistake of fact under <br />Section 12.4 shall upon written request of the Employer, reduced by losses attributable thereto, <br />shall be returned to the Employer. <br />34 <br />Specimen 457(b) Plan Document <br />Deferred Compensation Plan <br />66 <br />