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32 <br />GN - 150079 Specimen 457(b) Plan Document <br />GPLANLVL – CORRSPND Deferred Compensation Plan <br /> Ver 102011 <br />SECTION IX <br />ADMINISTRATION AND ACCOUNTING <br />9.1 Administrator <br />The Administrator shall have the responsibility and authority to control the operation and <br />administration of the Plan in accordance with the terms of the Plan, the Code and regulations <br />thereunder, and any State law as applicable. <br />The Administrator may contract with a financially responsible independent contractor to <br />administer and coordinate the Plan under the direction of the Administrator. The Administrator <br />shall have the right to designate a plan coordinator or other party of its choice to perform such <br />services under this agreement as may be mutually agreed to between the Administrator and the <br />plan coordinator or other party. Notwithstanding any other provisions to the contrary, the <br />Administrator agrees that it shall be solely responsible to the Employer for any and all services <br />performed by a plan coordinator, subcontractor, assignee, or designee under this agreement. <br />The Administrator has full and complete discretionary authority to determine all questions of <br />Plan interpretation, policy, participation, or benef it eligibility in a manner consistent with the <br />Plan ’s documents, such determinations shall be conclusive and binding on all persons except as <br />otherwise provided by law. <br />9.2 Administrative Costs <br />All reasonable expenses of administration may be paid out of t he Plan assets unless paid (or <br />reimbursed) by the Employer. Such expenses shall include any expenses incident to the <br />functioning of the Administrator, or any person or persons retained or appointed by any named <br />fiduciary incident to the exercise of his or her duties under the Plan, including, but not limited to, <br />fees of accountants, counsel, investment managers, agents (including nonfiduciary agents) <br />appointed for the purpose of assisting the Administrator in carrying out the instructions of <br />Participants as to the directed investment of his or her accounts and other specialists and his or <br />her agents, and other costs of administering the Plan. In addition, unless specifically prohibited <br />under statute, regulation or other guidance of general applicability, the Administrator may charge <br />to the Account Balance of an individual a reasonable charge to offset the cost of making a <br />distribution to the Participant, Beneficiary, or Alternate Payee. If liquid assets of the Plan are <br />insufficient to cover the fees of the Ad ministrator, then Plan assets shall be liquidated to the <br />extent necessary for such fees. In the event any part of the Plan assets becomes subject to tax, all <br />taxes incurred will be paid from the Plan assets. Until paid, the expenses shall constitute a <br />liab ility of the Trust Fund described in Section 11.1. <br />9.3 Paperless Administration <br />The Administrator may use telephonic or electronic media to satisfy any notice requirements <br />required by this Plan, to the extent permissible under re gulations (or other generally applicable <br />guidance). In addition, a Participant's consent to immediate distribution may be provided through <br />telephonic or electronic means, to the extent permissible under regulations (or other generally <br />485