My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Item 19 - Agreement with Empower Annuity Insurance Company for the Employee Deferred Compensation Plan
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2023
>
09/19/2023 Regular
>
Item 19 - Agreement with Empower Annuity Insurance Company for the Employee Deferred Compensation Plan
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/24/2023 11:43:40 AM
Creation date
10/24/2023 11:35:25 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
19
Date
9/19/2023
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
101
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
69 <br />4. FEES & CHARGES <br />4.12 Adviser shall be entitled to compensation for the Services it provides in accordance with <br />the fee provisions set forth in Exhibit B-1 attached hereto. Fees will be deducted from the Plan’s trust or <br />other funding vehicle, charged to Participant accounts, or invoiced to the Plan Sponsor as elected in the <br />applicable Schedule or as directed by Plan Sponsor. Plan Sponsor shall be responsible for determining that <br />fees paid are reasonable expenses of administering the Plan. <br />4.13 Plan Sponsor acknowledges and agrees the Managed Account Service fees will be <br />deducted directly from Managed Account Participant accounts in arrears. Plan Sponsor Directs Empower <br />to collect these fees on behalf of Adviser and to deduct fees from Managed Account Participant accounts <br />in accordance with the Service elections and fees described in Exhibit B-1 attached hereto. <br />4.14 Adviser may provide additional services pursuant to Direction from the Plan Sponsor. Any <br />fees for such additional services will be agreed upon by Adviser and the Plan Sponsor prior to the provision <br />of additional services. <br />5. PRIVACY <br />Adviser acknowledges that it is a “financial institution,” within the meaning of Regulation S -P, Privacy of <br />Consumer Financial Information, issued by the Securities and Exchange Commission (“Reg S-P”) along <br />with the GLBA and other applicable federal and state laws. Adviser acknowledges and agrees that it <br />receives Personal Data which constitutes “personally identifiable financial information,” within the meaning <br />of Data Protection Laws. Adviser has adopted a Privacy Notice, which will apply to Personal Data, that may <br />be amended from time to time. <br />6. FIDUCIARY INDEMNIFICATION <br />In addition to the Liability & Indemnification provision set forth in Section 9 of the Agreement, Adviser shall <br />also indemnify the Plan Sponsor from Damages to the extent resulting from Advis er’s breach of its fiduciary <br />duties under ERISA with respect to the Services as described in this Schedule. <br />7. TERM & TERMINATION <br />7.1 Term. Either party may terminate this Schedule with ninety (90) days written notice to <br />the other party of its intent to terminate unless terminated in accordance with the applicable provisions of <br />Section 7.2 of this Schedule. <br />7.2 Termination. This Schedule shall terminate automatically in the following circumstances: <br />7.2.1 Either party notifies the other of that it has determined in good faith that the <br />Schedule is not consistent with its fiduciary duties under ERISA or applicable <br />federal or state law; or
The URL can be used to link to this page
Your browser does not support the video tag.