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25L - DEFERRED COMPENSATION SERVICES
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25L - DEFERRED COMPENSATION SERVICES
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Last modified
1/3/2012 3:57:00 PM
Creation date
12/2/2010 1:05:10 PM
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City Clerk
Doc Type
Agenda Packet
Item #
25L
Date
12/6/2010
Destruction Year
2015
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Plan number 306741 <br />(k) Upon approval by the Employer that a domestic relations order is an <br />acceptable qualified domestic relations order under the terms of the Plan, <br />ICMA-RC will establish a separate account record for the alternate payee <br />and provide for the investment and distribution of assets held thereunder. <br />ICMA-RC will review domestic relations order information when <br />appropriate. There is no additional cost for this service. <br />(1) Loans may be made available through payroll deduction or ACH on the <br />terms specified in the Loan Guidelines, if loans are adopted by the <br />Employer. There is no additional cost to the Employer for this service. <br />(m) Online Advice may be made available through a third party vendor on the <br />terms specified on ICMA-RC's website. <br />(n) Financial Planning services will be offered directly by ICMA-RC. <br />Employees delivering Financial Planning services will be ICMA-RC <br />employees. This service will include but are not limited to educational <br />workshops and individual appointments. <br />(o) Financial Needs Assessments will be offered FREE to all City of Santa Ana <br />plan participants regardless of account balance. Goal Specific Financial <br />Plans will be offered FREE to participants with balances greater than <br />$100,000. If the participant balance is less than $100,000 Goal Specific Plan <br />fees will not exceed $175 per plan. Comprehensive Financial Plans will be <br />offered FREE to participants with balances greater than $200,000. If the <br />participant balance is less than $200,000, Comprehensive Plan fees will not <br />exceed $450 per plan. <br />(p) Any additional service fees not set forth in this Agreement or not described <br />in the Request for Proposal dated February 10, 2010 must be approved by <br />the Employer. <br />(q) Employer will utilize EZ Link for Plan level access <br />(r) Employees and retirees will receive access to the web site and its features <br />including social media and future enhancements. <br />(s) ICMA-RC will work with the Employer and its designee as necessary to <br />maintain and update the most current participant beneficiary information. <br />Beneficiary may be made available online. There is no additional cost for <br />this service. <br />(t) ICMA-RC's legal services will be available to the Employer as needed <br />related to the 457 Deferred Compensation Plan. There is no additional cost <br />for this service. <br />11 <br />25L-13
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