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Trust Agreement - An agreement that states the method of receipt,
investment and disbursement of the funds under a retirement plan. It also
states the provisions of fee payments to the plan, record keeping and
reporting responsibilities, benefit payments from the plan and conditions
for amendments to the plan and any changes of trustees.
Trust Company - Organization which acts as a fiduciary, trustee
or agent for individuals and businesses in the administration of trust
funds, estates and custodial arrangements.
Trustee - Responsible for holding and investing the funds and
paying the benefits in accordance with the terms of the trust agreement. |
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