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PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (3)
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PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (3)
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Last modified
8/20/2024 12:08:56 PM
Creation date
8/17/2021 10:12:44 AM
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Contracts
Company Name
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY
Contract #
A-2018-179
Agency
Finance & Management Services
Council Approval Date
10/1/2018
Expiration Date
9/30/2021
Insurance Exp Date
1/1/2023
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4V Prudential <br />Section 1 <br />EXHIBIT A <br />CORE SERVICES <br />Services Agreement <br />Provided by Prudential Retirement <br />Insurance and Annuity Company <br />The Services listed below are available to yor Plan and will be administered in accordance with the <br />Administrative Procedures and, if applicable, the Plan Sponsor elections set forth below. Some Services <br />are dependent upon receipt of all required data in a manner acceptable to Prudential. <br />A. ADMINISTRATIVE & RECORDKEEPING SUPPORT <br />TRANSITION MANAGEMENT <br />• Transition Manager assigned to provide daily support to facilitate the transition of your Plan to <br />Prudential <br />• Participant communications, featuring company name, logo and market -specific images, to inform <br />of transition related information and events. Preferred method of delivery is E-Delivery to the <br />Plan Sponsor, however, home mailing of material to Plan Participants is available. <br />• Mapping of existing Plan document to Prudential's specimen document. <br />• PLAN -SPECIFIC TRANSITION WEB PAGE to keep employees informed of important information <br />regarding the conversion of your Plan to Prudential. <br />RELATIONSHIP MANAGEMENT whereby a Prudential associate will be assigned to provide ongoing <br />support following the transition of your Plan to Prudential. <br />MAINTENANCE OF PLAN RECORDS AND TRANSACTION PROCESSING: <br />Prudential will provide the following services, if applicable, to your Plan: <br />• Ongoing maintenance of Plan and Participant accounts and records. <br />• Contribution processing and pricing (e.g. employee and employer contributions, and loan <br />repayments) via Prudential's standard automated applications. <br />• Automated Clearing House contribution funding, upon receiving a contribution file in good order, <br />Prudential will debit the designated account for the required amount to fund the contribution. <br />• Distribution Transaction Processing (see Plan Sponsor Elections below): <br />Fully automated transactions: Paperless (i.e. web or IVR initiated) participant transactions <br />approved by Prudential's systems per the established plan rules and data received from <br />the Plan Sponsor. <br />Sponsor Approved transactions: Paperless (i.e. web or IVR initiated) participant <br />transactions approved by the Plan Sponsor via automated methods. <br />• Direct Service Option (DSO). If agreed to by the Plan Sponsor, Prudential will provide <br />administrative services with respect to Participants no longer employed by the Plan Sponsor who <br />elect or are deemed to elect to retain their account balances in the Plan. By electing this service <br />the Sponsor agrees that Prudential may charge expenses associated with distribution and <br />administration (as applicable) directly to each terminated Participant's account, as set forth in the <br />Expense Schedule. <br />• Loan Services including loan rate monitoring (see Plan Sponsor Elections below), loan default <br />notification services, refinancing, loan services for terminated Participants no longer submitting <br />loan repayments via automated remittance methods. If agreed to by the Plan Sponsor, Prudential <br />will accept loan repayments from Participants via the Automated Clearing House ("ACH") <br />network. <br />• Participant address changes (see Plan Sponsor Elections below). <br />• Collection of participant deferral rate changes (see Plan Sponsor Elections below). <br />11 <br />
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