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Item 19 - Agreement with Empower Annuity Insurance Company for the Employee Deferred Compensation Plan
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09/19/2023 Regular
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Item 19 - Agreement with Empower Annuity Insurance Company for the Employee Deferred Compensation Plan
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Last modified
10/24/2023 11:43:40 AM
Creation date
10/24/2023 11:35:25 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
19
Date
9/19/2023
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City of Santa Ana_Master Services Agreement_5.23.23 18 <br />Plan Sponsor, Plan Sponsor may conduct an on-site audit of Empower’s network security, relevant to the <br />security of Plan Data (“Regulatory Audit”). Unless a different notice or frequency is required by Plan <br />Sponsor’s governmental regulators, a Regulatory Audit may be conducted by Plan Sponsor once per year <br />at a mutually agreed-upon time with at least 60 days’ advance written notice to Empower. If a Regulatory <br />Audit requires the equivalent of more than two business days of Empower Personnel’s time to support such <br />audit, Empower may charge Plan Sponsor’s an audit fee at Empower’s then-current rates for each day <br />thereafter. <br />15.3 Miscellaneous. This Addendum is governed by and incorporated into the Agreement. In <br />the event of any conflict between the Agreement and this Addendum, the Agreement will prevail. Any <br />capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Agreeme nt.
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