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12 <br />GN - 150079 Specimen 457(b) Plan Document <br />GPLANLVL – CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />SECTION IV <br />INVESTMENT RESPONSIBILITIES <br />4.1 Investment of Deferred Amount <br />Each Participant or Beneficiary shall direct the investment of amounts held in his or her Account <br />Balance under the Plan among the investment options of the Trust Fund. The investment of <br />amounts segregated on behalf of an alternate payee pursuant to a Plan approved domestic <br />relations order (as defined under Code Section 414(p)) may be directed by such alternate paye e <br />to the extent provided in such order. In the absence of such direction, such amounts shall be <br />invested in the same manner as they were immediately before such segregation was made on <br />account of such order. Each Account Balance shall share in any gains or losses of the <br />investment(s) in which such account is invested. <br />4.2 Investment Election for Future Contributions <br />A Participant may amend his or her investment election at such times and by such manner and <br />form as prescribed by the Administrator. Such election will, unless specifically stated otherwise, <br />apply only to future amounts contributed under the Plan. <br />4.3 Investment Changes for an Existing Account Balance <br />The Participant, Beneficiary, alternate payee, or Administrator may elect to transfer amounts in <br />his Account Balance among and between those investments available under the Trust Fund at <br />such times and by such manner and form prescribed by the Administrator, subject further to any <br />restrictions or limitations placed on any investment by the Administrator to be uniformly applied <br />to all Participants. <br />4.4 Investment Responsibility <br />To the extent that a Participant, Beneficiary, or alternate payee exercises control over the <br />investment of amounts credited to his Account Balance, the Employer, the Administrator, and <br />any other fiduciary of the Plan shall not be liable for any losses that are the direct and necessary <br />result of investment instructions given by a Participant, Beneficiary or an alternate payee. <br />4.5 Default Investment Fund <br />The Employer shall maintain a Default Investment Fund which shall be held and administe red <br />under the Trust Fund. Any Participant who does not make an investment election on the deferral <br />agreement provided by the Administrator will have his contributions invested in the Default <br />Investment Fund until such time he provides investment direction under Sections 4.2 and 4.3 . <br />Additionally, a Beneficiary or alternate payee who does not make an investment election will <br />have his Account Balance invested in the Default Investment Fund until such time he provides <br />investment direction under Section 4.3. The interest of each Participant, Beneficiary, or alternate <br />payee under the Plan in the Default Investment Fund shall be an undivided interest. <br />465