25D - AGMT RECORDKEEPING SVC 457 PLAN

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SECTION 4 - OPERATIONAL AGREEMENTS 4.1 QUALIFICATION. If required by law and by the date required by law, the Plan Sponsor will apply for a determination letter from the Internal Revenue Service that a new Plan meets the requirements of Code section 457. If the Plan is amended and there are material modifications to the Plan, the Plan Sponsor will apply for a new determination letter from the Internal Revenue Service if required by law and by the date required by law. You will provide a copy of the determination letter to Us within thirty (30) days after it is received by the Plan Sponsor from the Internal Revenue Service._ 4.2 PLAN CHANGE OR AMENDMENT. You will provide Us with reasonable advance notice of any change or amendment to the Plan. The Plan Sponsor may only adopt a change or amendment that would not have an adverse financial effect on the Agreement or on Us. We will determine whether a change or amendment has such -an adverse effect. 4.3 DISQUALIFICATION. You will notify Us within thirty (30) days after the Plan Sponsor receives initial written notification from the Internal Revenue Service that the Plan no longer meets the requirements of Code section 457. ' When this determination becomes final, We will terminate this Agreement under the term's of Section 5. 4.4 PLAN OPERATION. You will ensure that the Plan operates in compliance with all applicable laws and regulations. 4.5 INFORMATION. You will submit all information necessary to process Deposits, Transfers, and Distributions as frequently as You and We mutually agree. You will properly authorize and promptly. forward any information required by Us to meet an obligation under this Agreement. In addition, upon Our request, You will promptly forward any information required by Us to ensure compliance with the provisions of Section 2.1. As proof of death, We may require a copy of the death certificate, a physician's written statement certifying the death of the decedent, a copy of a certified decree of a court of competent jurisdiction as to the finding of death, or any other reasonable evidence. 4.6 EXPENSES. You will pay expenses and charges described in the Expense Schedule within thirty (30) days after the mailing date of the expense notification, or by another method to.which You and We mutually agree. We may deduct the amounts owed from Plan assets invested under this Agreement if You do not pay expenses and charges within thirty (30) days, and the Plan permits the expenses and charges to be deducted from Participant accounts. We will provide you with advance written notification of the deduction. We may also terminate this Agreement for non-payment of Expenses under the terms of Section 5. 4.7 REPORTS. We will provide You with reports of activity under this Agreement as frequently as You and We mutually agree. " CIVItLn iu. CCUllUtlil� GA -2020 -IA -0805 25D-47 City of Santa Ana - Investment Agreement (specimea).doc