(A) The Plan Administrator may charge the participant’s or beneficiary’s account for the expenses of executing his, her or its investment direction. If such expenses are so charged, the Plan Administrator shall maintain reasonable procedures to inform investors that such charges are made and to inform each investor as to the actual expenses charged to the participant’s or beneficiary’s individual account.
(B) If the execution of an investment direction would incur an unusual charge or any tax under the investment or otherwise under applicable law, any person receiving the investment direction may (but is not required to) require the investor to acknowledge in writing that he, she or it understands each charge or tax and how the charge or tax is calculated or determined.
(Ord. NIRC 97-1, passed 1-15-1997)