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25A - DEFERRED COMP SRVS
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25A - DEFERRED COMP SRVS
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1/3/2012 3:56:14 PM
Creation date
12/16/2010 12:20:13 PM
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City Clerk
Doc Type
Agenda Packet
Item #
25A
Date
12/20/2010
Destruction Year
2015
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Plan number 306741 <br />does not provide legal, tax or accounting advice with respect to the <br />creation, adoption or operation of the Plan and the Trust. <br />(f) Employer acknowledges that certain such services to be performed by <br />ICMA-RC under this Agreement may be performed by an affiliate or <br />agent of ICMA-RC pursuant to one or more other contractual <br />arrangements or relationships, and that ICMA-RC reserves the right to <br />change vendors with which it has contracted to provide services in <br />connection with this Agreement without prior notice to Employer. <br />6. Participation in Certain Proceedings <br />The Employer hereby authorizes ICMA-RC to act as agent, to appear on its behalf, and to <br />join the Employer as a necessary party in all legal proceedings involving the garnishment <br />of benefits or the transfer of benefits pursuant to the divorce or separation of participants <br />in the Employer Plan. Unless Employer notifies ICMA-RC otherwise, Employer consents <br />to the disbursement by ICMA-RC of benefits that have been garnished or transferred to a <br />former spouse, current spouse, or child pursuant to a domestic relations order or child <br />support order. <br />7. Compensation and Payment <br />(a) There shall be no asset-based or per-participant fees charged under this <br />Agreement. This includes no Contingent Deferred Sales Charges <br />("CDSC's"), Market Value Adjustments ("MVA's"), and front and/or <br />back end loaded funds. ICMA-RC's compensation under this Agreement <br />shall be as set forth in subsection (b) below. <br />(b) Compensation for Management Services to the Trust, Compensation for <br />Advisory and other Services to The Vantagepoint Funds and Payments <br />from Third-Party Mutual Funds. Employer acknowledges that in addition <br />to amounts payable under this Agreement, ICMA-RC receives fees from <br />the Trust for investment management services furnished to the Trust. <br />Employer further acknowledges that certain wholly owned subsidiaries of <br />ICMA-RC receive compensation for advisory and other services furnished <br />to The Vantagepoint Funds, which serve as the underlying portfolios of a <br />number of Funds offered through the Trust. The fees referred to in this <br />subsection are disclosed in the Retirement Investment Guide. These fees <br />are not assessed against assets invested in the Trust's Mutual Fund Series. <br />In addition, to the extent that third party mutual funds are included in the <br />investment line-up for the Plans, ICMA-RC may receive payments from <br />such third party mutual funds or their service providers, which may be in <br />the form of 12b-1 fees, service fees, or compensation for sub-accounting <br />or other services provided by ICMA-RC on behalf of the funds. <br />25A-7
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