4.1426 Deferrals remain as employer's assets.

Cite as [A.S.A.C. § 4.1426 ]

(a) The amounts deferred under the plan by a participant, including income attributable to the investment of the amounts deferred, shall remain an asset of the participant's employer.

(b) When a participant changes employment from one employer to another employer under the plan, the amounts deferred by the participant, including income attributable to the investment of the amounts deferred., shall become an asset of the new employer.

(c) A participant's rights to the amounts deferred shall be limited to those provided in the plan and this chapter.

History: Rule 11-87, eff 17 Jun 87.