(A) In addition to (and not by limitation upon) the provisions above, the plan-trustee hereby authorizes the agent to accept investment instructions given by each participant and, after a participant’s death, each beneficiary with respect to his, her or its plan account, or by a registered investment adviser regarding a plan account for which the registered investment adviser is entitled to convey or give instructions under applicable investment law and the plan. The plan-trustee shall have no knowledge of any investment instruction.
(B) If the participant’s investment instructions are not received in good order, the plan-trustee or the agent (or any other person serving regarding the plan-trust) may hold any contribution or other amount in cash, without liability for interest or investment gains of any kind, until the person receives complete proper instructions in good order.
(Ord. NIRC 97-1, passed 1-15-1997)