Example ContractsClausesallocation of fiduciary responsibility within plan administrative committeeVariants
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It is intended to allocate to each fiduciary, either named or otherwise, the individual responsibility for the prudent execution of the functions assigned to him. None of the allocated responsibilities or any other responsibilities shall be shared by two or more fiduciaries unless specifically provided for in the plan.

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It

This [Article XVII] is intended to allocate to each fiduciary, either named or otherwise,Fiduciary the individual responsibility for the prudent execution of the functions assigned to him. Noneit, and none of the allocatedsuch responsibilities or any other responsibilitiesresponsibility shall be shared by two or more fiduciariesof such Fiduciaries unless specificallysuch sharing shall be provided for inby a specified provision of the plan.Plan or Trust Agreement.

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