Mississippi Administrative Code
Title 27 - Personnel
Part 220 - PERS, Deferred Compensation Plan And Trust
Article I - DEFINITIONS
Section 27-220-I-1.28 - "Self-Directed Brokerage Account"

Universal Citation: MS Code of Rules 27-220-I-1.28
Current through December 10, 2024

"Self-Directed Brokerage Account" means a brokerage window designed to allow participants to select investments outside of the Investment Options offered in the plan. The brokerage window shall be limited to mutual funds. The Board, the Plan, and the State of Mississippi have no express or implied responsibility for the evaluation, selection, or monitoring of the continued offering of mutual funds available in the Self-Directed Brokerage Account. The selected provider for the Self-Directed Brokerage Account must be a properly registered broker-dealer with the Securities and Exchange Commission under the Securities Exchange Act of 1934. The Board, the Plan, and the State of Mississippi reserve the right to substitute an alternative Self-Directed Brokerage provider. If a new provider is chosen, reasonable notice will be provided to all affected Participants of such change. Participation is optional for participants, and an additional fee may be charged for this service.

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