Book II: Products

The plan rules set out the list of assets to which payments may be allocated. Where this list includes assets other than units in the company mutual funds mentioned in article L. 214-164, the plan rules provide for the setting up of a supervisory committee made up of representatives of the company and, at least half, representatives of the plan members. The procedures for appointing members are set out in…

The plan’s supervisory committee, which meets at least once a year, is responsible for ensuring that the plan is properly managed and that the interests of plan members are represented. Every quarter, the plan manager informs the supervisory committee of the performance of the assets to which payments have been allocated and of the various charges levied. When the plan gives rise to the subscription of a group insurance contract,…

For each compulsory retirement savings plan that may be funded by profit-sharing and incentive schemes, a supervisory committee is set up in accordance with the provisions of articles L. 224-21 and L. 224-22. However, this supervisory committee is optional when the payments are allocated solely to the acquisition of units in company mutual funds mentioned inarticle L. 214-164 of the Monetary and Financial Code. When the plan gives rise to…