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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> AGREEMENT FOR ADMINISTRATIVE SERVICES <br /> This Agreement for Administrative Services ("Agreement") is made this day of <br /> , 2010, between Phase II Systems, a corporation organized and existing under the <br /> laws of the State of California, doing business as Public Agency Retirement Services <br /> (hereinafter "PARS") and the City of Santa Ana ("Agency"). <br /> <br /> WHEREAS, Agency has adopted the City of Santa Ana Section 3121 Part-Time Seasonal <br /> Temporary Deferred Compensation Plan (the "Plan") effective , 2010, in <br /> conjunction with the PARS Trust Document ("PARS Trust"), and desires to retain PARS, as <br /> Trust Administrator to the PARS Trust, to provide administrative services; <br /> <br /> WHEREAS, by written resolution and pursuant to Sections 1.1 and 2.1 of the PARS Trust, <br /> the Agency's governing body has appointed by position or title a Plan Administrator to act <br /> on its behalf in all matters relating to the Plan and PARS Trust ("Plan Administrator"); <br /> WHEREAS, pursuant to Section 3.3 of the PARS Trust, the Agency has the power to <br /> delegate certain duties related to the Plan, and PARS accepts those duties pursuant to the <br /> terms contained in the Agreement, and that this Agreement represents the entire delegation of <br /> duties to PARS from the Agency with regards to the Plan; <br /> <br /> WHEREAS, PARS accepts the terms of this Agreement with the understanding by the <br /> Agency and Plan Administrator that PARS does not hold custody of any assets of the Plan, <br /> and does not have any independent authority or discretion for the investment, distribution or <br /> escheatment of Plan assets without the express consent of, and direction from the Plan <br /> Administrator. <br /> <br /> NOW THEREFORE, THE PARTIES AGREE: <br /> 1. Services. PARS will provide the services pertaining to the Plan as described in the <br /> exhibit attached hereto as "Exhibit IA" ("Services") in a timely manner, subject to <br /> the further provisions of this Agreement. <br /> <br /> 2. Fees for Services. PARS will be compensated for performance of the Services as <br /> described in the exhibit attached hereto as "Exhibit 1B". <br /> <br /> 3. Payment Terms. Payment for the Services will be remitted directly from Plan assets <br /> unless the Agency chooses to make payment directly to PARS. In the event that the <br /> Agency chooses to make payment directly to PARS, it shall be the responsibility of <br /> the Agency to remit payment directly to PARS based upon an invoice prepared by <br /> PARS and delivered to the Agency. If payment is not received by PARS within thirty <br /> (30) days of the invoice delivery date, the balance due shall bear interest at the rate of <br /> 1.5% per month. If payment is not received from the Agency within sixty (60) days <br /> of the invoice delivery date, payment plus accrued interest will be remitted directly <br /> from Plan assets, unless PARS has previously received written communication <br /> disputing the subject invoice that is signed by a duly authorized representative of the <br /> Agency. <br /> Page 1 <br /> <br /> 55A-7 <br />