35 IAC 23-1-5 Participant accounts; employer contributions

Sec. 5. (a) A reimbursement account shall be established for each participant. (b) On or before June 30 of each year, a participant's employer shall allocate contributions to participant accounts as provided in IC 5-10-8.5-15. (c) Effective as of June 30 of each year, participant accounts shall be credited or debited with each account's share of earnings or losses on the investments or deposits of all reimbursement accounts after reduction for the administrative cost of the plan. (d) Maintenance of reimbursement accounts is solely for accounting purposes. Assets are not required to be segregated to any reimbursement account.