Agmt 2004 Hartford Life Insurance Company

Home

ARTICLE III GENERAL DUTIES 3.1 It shall be the duty of the Trustee to hold title to assets held in respect of the Plan in the Trustee's name as directed by the Employer andlor its designees in writing. The Trustee shall not receive custody or possession of any such assets. The Trustee shall not be under any duty to compute the amount of contributions to be paid by the Employer or to take any steps to collect such amounts as may be due to be held in trust under the Plan. The Trustee shall not be responsible for the custody, investment, safekeeping or disposition of any assets comprising the Trust, such functions to be performed by the Employer and/or the Employer's designees, who shall be the agents of the Employer. 3,2 It shall be the duty of the Employer, subject to the provisions of the Plan, to pay over to the administrator or other person designated hereunder from tune to time the Employer's contributions under the Plan and to inform the Trustee in writing as to the identity and value of the assets titled in the -Trustee's name hereunder and to keep accurate books and records with respect to the Participants of the Plan and their compensation. ARTICLE IV INVESTMENTS 4.1 The Trustee shall perform its functions as a nondiscretionary, noncustodial Trustee, and the Trustee shall not have any discretion or authority with regard to the investment of the Trust and shall act solely as a directed Trustee of the assets of which it holds title. The Trustee, as a nondiscretionary Trustee, as may be directed by the Employer (or the Participants to the extent provided herein) is authorized and empowered, (subject, however, to the provisions of Section 4.2 below) by way of limitation, with the following powers, rights and duties, each of which the Trustee shall exercise in a nondiscretionary manner as directed in accordance with the direction of the Employer (or the Participants) (except to the extent that Plan assets are subject to the control and management of a properly appointed Investment Manager): -2- 457 Plans (Rev. 1/04)