Exclusive benefit. — Alaska Code § 39.35.900
Alaska Code § 39.35.900 — Exclusive benefit.. Reproduced from the official Alaska Statutes, with a citation summary, verification link, and related provisions.
§ 39.35.900. Exclusive benefit.
(a) The corpus or income of the assets held in trust as required by the plan may not be diverted or used for other than the exclusive benefit of the participants.
(b) If plan benefits are provided through the distribution of annuity or insurance contracts, any refunds or credits in excess of plan benefits due to dividends, earnings, or other experience rating credits, or surrender or cancellation credits, shall be paid to the trust fund.
(c) The assets of the plan may not be used to pay premiums or contributions of the employer under another plan maintained by the employer.
(d) The administrator shall use forfeitures in the fixed benefit account of the plan that arise for any reason, including from termination of employment or death, to reduce employer contributions. Forfeitures may not be applied to increase the benefits of any member.
(e) The administrator shall determine the amount of any fixed benefit that is determined on the basis of actuarial tables using assumptions approved by the commissioner. The amount of benefits is not subject to employer discretion.
Source: official Alaska text · Last verified 2026-08-27
At a glance
- Citation: Alaska Statutes § 39.35.900
- Jurisdiction: Alaska
- Code: Alaska Statutes
- Subject: Exclusive benefit.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Alaska Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Alaska attorney.
Common questions
What is the source of Alaska Statutes § 39.35.900?
The text above is transcribed from the Alaska Statutes, the codified statutes of Alaska. The official publisher link appears under "Verify the text" on this page.
What subject does Alaska Statutes § 39.35.900 address?
It addresses "Exclusive benefit.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Alaska Statutes § 39.35.900 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Alaska source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Alaska law to your facts requires a licensed Alaska attorney who can review the specifics.