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Approve Agreement with Empower Annuity Insurance Company for the Employee <br />Deferred Compensation Plan <br />September 19, 2023 <br />Page 3 <br />3 <br />6 <br />8 <br />8 <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. All administrative fees pertaining to <br />the services will be paid by the plan and/or participants. Internal Revenue Code permits <br />administrative reimbursement from plan assets, which will be utilized to offset fiduciary <br />advisory services and participant education. <br />EXHIBIT(S) <br />1. Agreement <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Kristine Ridge, City Manager