55B - RESO AND AGMT - RETIREE HEALTH SAVINGS PLAN

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6.04 Compensation of Plan Administrator 'nie,s otherwise agreed to by the Employer, the Plan Administrator shall serve without compensation for services rendered in M It capacity, but all reasonable expenses incurred in the performance of his duties shall be paid by the Employer. 6.05 Bonding . mess otherwise determined by the Employer, or unless required by any Federal or State law, the Plan Administrator shall not he required to give any bond or other security in any jurisdiction in connection with the administration of this Plan. 6.06 Payment of Administrative Expenses 111 reasonable expenses incurred in administering the Plan, including but not limited to administrative fees and expenses 'N% 111J4 to :uiy third party administrative service provider, actuary, consultant, accountant, attorney, specialist, or other person t1a organization that may be employed by the Plan Administrator in connection with the administration thereof, shall be oaid by the F mployer, provided, however that each Participant shall bear the monthly cost (if any) charged by a third party administrator for maintenance of his Benefit Account unless otherwise paid by the Employer. 6.07 Timeliness of Payment for Benefits a? ntent tot Bcttcfits shall be made as soon as administratively feasible after the required forms and documentation have been CcCived by the Plan Administrator. 6.08 Annual Statements I lie Plan Administrator shall furnish each Participant with an annual statement of his medical expense reimbursement ,ecount within ninety (90) days after the close of cacti Plan Year. ARTICLE V11 Claims Procedure 7.01 Procedure if Benefits are Denied Under the Plan ltav Participant, Spouse. Dependent, or his duly authorized representative may file a claim for a plan benefit to which the Jatmant believes that he is entitled. Such a claim must be in writing on a form provided by the Plan Administrator and delivered to the plan Administrator, in person or by mail, postage paid. Within thirty (30) days after receipt of such claim, alit Plan Administrator shall send to the claimant, by mail, postage prepaid, notice of the granting or denying, in whole or H part, of sue h claim, unless special circumstances require an extension of time for processing the claim. In no event may he es:tcnsaon exceed forty-five (45) days from the end of the initial period. If such extension is necessary, the claimant will be given a R ritten notice to this effect prior to the expiration of the initial 30-day period. If such extension is necessary due to a failure of the Participant, Spouse or Dependent to submit the information necessary to decide the claim, the notice of . XtCnsion hall describe the required information and the claimant shall be afforded at least forty-five (45) days from receipt of (lie notice within which to provide such information. The Plan Administrator shall have full discretion to deny or grant a Jaim in sti hole or in part. If notice of the denial of a claim is not furnished in accordance with this Section, the claim shall be deemed JLo1Cd and the claimant shall be permitted to exercise his right to review pursuant to Sections 7.03 and 7.04. 55B-18