La. Admin. Code tit. 32 § VII-503
Current through Register Vol. 50, No. 8, August 20, 2024
Section VII-503 - Participant Investment DirectionA. Participants shall have the option to direct the investment of their personal contributions and their share of any employer contributions among alternative investment options established as part of the overall trust, unless otherwise specified by the employer. Such investment options shall be under the full control of the trustee. A participant's right to direct the investment of any contribution shall apply only to making selections among the options made available under the plan.B. Each participant shall designate on his or her participation agreement the investment that shall be used to determine the income to be accrued on amounts deferred. If the investment chosen by the participant experiences a gain, the participant's benefits under the plan likewise shall reflect income for that period. If the investment chosen by a participant experiences a loss, or if charges are made under such investment, the participant's benefits under the plan likewise shall reflect such loss or charge for that period.C. Neither the commission, the administrator, the trustee nor any other person shall be liable for any losses incurred by virtue of following the participant's directions or with any reasonable administrative delay in implementing such directions.La. Admin. Code tit. 32, § VII-503
Promulgated by the Department of the Treasury, Deferred Compensation Commission, LR 24:1966 (October 1998).AUTHORITY NOTE: Promulgated in accordance with IRC §457 and R.S. 42:1301-1308.