Laserfiche WebLink
DRAFT <br />EXHIBIT 1 B <br />FEES FOR SERVICES <br />PARS will be compensated for performance of Services, as described in Exhibit IA based <br />upon the following schedule: <br />Upon implementation of the Plan associated with this Agreement, the Agency agrees to pay: <br />(A) An ongoing administration fee equal to five and one-half percent (5.50%) of all <br />contributions made by the Agency on behalf of participants in the subject Plan. <br />Fees will be billed to the Trustee as contributions are made by the Agency, and it <br />will be the responsibility of the Trustee to pay those fees from the assets of the <br />Plan. These fees are exclusive of Trustee and investment management fees, <br />which are based on the standard fees charged by the Trustee. <br />(B) A fee equal to actuarial expenses, if any, charged to PARS by an outside <br />contractor for an actuarial valuation of the Agency's Plan ("Actuarial Valuation <br />Fee"). <br />(C) A fee equal to the stated IRS application fees and legal fees related to any <br />ongoing federal and/or state required Plan compliance changes. Such fees will <br />not be charged to the Agency without prior authorization by the Plan <br />Administrator. <br />Page 7 <br />55B-13