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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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I(& Prudential <br />Services Agreement <br />Provided by Prudential Retirement <br />Insurance and Annuity Company <br />Plan Sponsor agrees and acknowledges it is responsible for obtaining the services of other service <br />providers necessary for the maintenance of the Plan, including but not limited to attorneys, <br />accountants, investment advisers and auditors. <br />In performing the Services, Plan Sponsor agrees and acknowledges that Prudential (i) does not <br />render investment advice, is not the Plan administrator, trustee or a Plan fiduciary, (ii) is not <br />recommending an action nor acting as an advisor to the Plan or Plan Sponsor and does not owe a <br />fiduciary duty pursuant to Section 15B of the Securities Exchange Act of 1934, and (iii) does not <br />provide legal, tax or accounting advice with respect to the creation, adoption or operation of the Plan <br />and any trust for the Plan (the "Trust"). Prudential reserves the right, with reasonable notice, to <br />decline to perform any service inconsistent with the previous sentence. <br />2. Reliance Upon Plan Sponsor Directions, Plan Data and Plan Document. All Services shall be <br />provided based on information supplied by the Plan Sponsor, a Plan participant, beneficiary of a Plan <br />participant or employee of the Plan Sponsor (collectively "Participant") (where the Plan provides for <br />Participant direction). The Plan Sponsor agrees and acknowledges it is solely responsible to timely <br />provide or confirm accurate, consistent and complete Plan data, Plan terms, and instructions in the <br />format specified by Prudential, which Prudential will rely upon to deliver its Services. Prudential shall <br />be under no obligation to perform any Services until it receives such information. For these purposes, <br />"Plan data" means all data and records supplied to Prudential, obtained by Prudential, or required to <br />perform the Services. Prudential shall provide Services in conformance with the terms of the most <br />recent signed Plan document provided to Prudential, including any amendments thereto or any <br />written explanations or interpretations of Plan terms provided by the Plan Sponsor. Any matters <br />requiring interpretation of Plan terms or the exercise of discretion will be submitted to the Plan <br />Sponsor for review and direction, and Prudential shall be under no obligation to take any further <br />action until it receives the requested direction from the Plan Sponsor. <br />Plan Sponsor agrees and acknowledges that Prudential's responsibilities under this Agreement will <br />be carried out solely with regard to the assets of the Plan and Plan Data maintained on Prudential's <br />recordkeeping systems. In performing the Services listed in Exhibit A, Prudential shall be under no <br />obligation to take into consideration assets and/or data maintained by other service providers of the <br />Plan, unless specifically agreed to in writing. <br />3. Reliance Upon Named Administrators and Trustees. The Plan Sponsor will provide names and other <br />information for persons authorized to take or direct actions for or provide and receive information on <br />behalf of the Plan and Trust. Prudential shall assume that those persons continue to be authorized <br />until notified otherwise. The Plan Sponsor is solely responsible for the direct or indirect <br />consequences of actions or omissions resulting from instructions, confirmations, or approvals that <br />Prudential reasonably understands to be authorized. <br />4. Use of Agents or Subcontractors. Prudential may use agents or subcontractors to perform any of the <br />Services, but such use will not relieve Prudential of responsibility for proper provision of those <br />Services. <br />C. Compensation <br />Direct Fees. Prudential's fees for the Services are set forth in the attached Expense Schedule. The <br />Plan Sponsor agrees the Plan will be liable to pay Prudential directly for Services rendered in <br />accordance with the attached Expense Schedule, unless the Expense Schedule provides that fees <br />will be deducted from Participant accounts. <br />The Plan Sponsor agrees that all fees not deducted directly from Participant accounts will be paid by <br />the Plan within thirty (30) days of the date of an invoice timely presented, unless fees are paid within <br />that time by the Plan Sponsor. If the Plan Sponsor does not pay or direct Prudential to charge the <br />Plan for fees within thirty (30) days, the Plan Sponsor authorizes Prudential to collect direct fees from <br />
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