New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 6 - DEFINED CONTRIBUTION RETIREMENT PROGRAM
Subchapter 6 - INVESTMENTS AND INVESTMENT DIRECTION
Section 17:6-6.7 - Failure to give investment direction
Universal Citation: NJ Admin Code 17:6-6.7
Current through Register Vol. 56, No. 6, March 18, 2024
If at any time a participant, beneficiary, or alternate payee fails to exercise his or her duty of investment direction, or an investment direction is refused, the Plan Administrator shall, to the extent of the failure of proper investment direction, cause the account to be invested according to the default investment option or options designated from time to time by the Plan Administrator, with the approval of the Division of Investment. The Plan Administrator shall direct the Trustee or other DSP with respect to the investment of accounts in a default investment option or options.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
