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Glossary of Terms <br />Administrator <br />Administrator means the Minnesota State Retirement System Executive Director <br />appointed by the Board of Directors to administer the Plan. Administrator shall not <br />include the Recordkeeper or any company which issues policies, contracts, or <br />investment media to the Plan in respect of a Participant. <br />Beneficiary <br />The person(s) designated by the Participant who, in the absence of a surviving spouse <br />or Dependent, is entitled to receive benefits under the Plan after the death of the <br />Participant. The Beneficiary must be a natural person. <br />Board of Directors <br />The Board of Directors of the Minnesota State Retirement System (MSRS) as <br />established under Minnesota Statutes, section 352.03. <br />Custodian <br />The bank, trust company or other person, if any, selected by the Sponsor as indicated <br />on page 3 of this Plan Document and who is authorized to hold Plan assets in a <br />custodial account in accordance with regulations issued by the Secretary of the Treasury <br />pursuant to Code 410(f). <br />Dependent <br />Includes a spouse and any person who can be legally claimed as a dependent for <br />federal tax purposes. A dependent as defined in Internal Revenue Code section 152. <br />Fund Trustees <br />The Minnesota State Retirement System (MSRS) Board of Directors act as the trustees <br />for the Health Care Savings Plan (HCSP) Trust Fund. <br />Participant <br />Refers to an individual who is currently enrolled in the Health Care Savings Plan. Only <br />individuals who meet certain criteria defined by the Employer/Bargaining Unit are eligible <br />to participate in the Plan. <br />Plan <br />Refers to the Health Care Savings Plan (HCSP) administered by Minnesota State <br />Retirement System (MSRS). <br />Plan Administrator <br />Administrator means the Minnesota State Retirement System Executive Director <br />appointed by the Board of Directors to administer the Plan. Administrator shall not <br />include the Recordkeeper or any company which issues policies, contracts, or <br />investment media to the Plan in respect of a Participant. <br />Plan Document <br />This Plan Document is adopted by the Board of Directors of Minnesota State Retirement <br />System (MSRS), which governs administration of the Plan, pursuant to Minn. Stat. <br />§352.03, subd. 4. <br />HCSP Plan Document <br />December 1, 2023 <br />