If procedures are implemented which permit participants to direct the investment of their plan accounts, the trustee shall establish such investment options as the Administrator shall direct pursuant to an award under § 8-2-118 of this Code, and shall divide the trust among investment options in accordance with the investment directions of participants made as provided in the plan. Investment options shall be established either by direct investment or through the medium of a bank, trust fund, insurance contract, or regulated investment company mutual fund, as the Administrator shall direct pursuant to an award under § 8-2-118 of this Code. Each investment option shall be held and administered as part of the trust, but shall be separately invested and accounted for. The assets of the trust invested in each of the options shall be separately valued at fair market value as of the last day of the plan year or any other date or dates chosen by the County.
(Bill No. 95-17)