HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
This is an obsolete version of the rule. Please click on the rule number to view the current version.

2.43.1004    DEFINED CONTRIBUTION RETIREMENT PLAN DEFAULT INVESTMENT FUND

(1) The board will identify a balanced fund to be the default investment fund.

(2) The following assets will be deposited in the default investment fund:

(a) assets initially transferred from the PERS Defined Benefit Retirement Plan (DBRP) pursuant to ARM 2.43.1030 on behalf of Defined Contribution Retirement Plan (DCRP) participants;

(b) assets transferred from a discontinued, but not replaced, investment option pursuant to ARM 2.43.1003(2); and

(c) assets received without the DCRP participant having selected investment options.

(3) These assets will remain in the default investment fund until the DCRP participant files valid investment directions and redirects assets from the default investment fund to the selected investment option(s).

History: 19-2-403, 19-3-2104, MCA; IMP, 19-3-2114, 19-3-2115, 19-3-2117, 19-3-2122, MCA; NEW, 2002 MAR p. 1884, Eff. 7/12/02; AMD, 2004 MAR p. 1131, Eff. 5/7/04.

Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security