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© Hitesman & Wold, P.A. 2019 <br />Cafeteria Plan <br />Summary Description (3-11) <br />18 <br />1.18 How are insurance refunds handled? <br />Any refund provided to the Employer by an insurance company that has issued an insurance <br />contract for a component of the Cafeteria Plan will be allocated as provided herein. The refund will <br />constitute Plan assets only to the extent required by applicable law. <br /> <br />1.19 Who has authority to interpret the Plan? <br />To the fullest extent permitted under applicable law, the Plan Administrator and any other Plan <br />fiduciary acting in its fiduciary capacity shall have the authority and discretion to interpret and apply Plan <br />terms.