25J - AGMT - DEFERRED COMP - Laserfiche WebLink

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CONSULTANT AGREEMENT This agreement for the performance of services ( "Agreement ") is made and entered into on this 3rd day of September, 2014 ( "Effective Date "), by and between Benefit Funding Services Group (BFSG), a California independent consulting firm which provides specialized advice related to the design and implementation of defined contribution plans and defined benefit plans to public and private agencies /companies, with its principal place of business located at 2040 Main Street, Suite 150, Irvine, California 92614 (herein after referred to as "Consultant "), and the City of Santa Ana, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California (hereinafter "City"), with its principal place of business located at 20 Civic Center Plaza, Santa Ana, CA 92701, City and Consultant may be referred to herein individually as a "Party" or collectively as the "Parties" or the "Parties to this Agreement." RECITALS A. City desires to retain a Consultant having special skill and knowledge in providing Fiduciary advice in Plan and investment advisory services with expertise to provide quarterly investment analysis, recommendations, and reports pertaining to the City's 457 Deferred Compensation Plan including the design, solicitation and implementation of customized solutions for deferred contribution plans and defined benefit plans. BFSG will assist the City in the transition, monitor plan asset fund transfers and deposits from the current structure with the City's 457 Plan Provider and Recordkeeper to new modern fund portfolio structure and subsequent Plan Provider Request for Proposal. B. Consultant represents that Consultant is able and willing to provide such services to the City; C. In undertaking the performance of this Agreement, Consultant represents that it is knowledgeable in its field and that any services performed by Consultant under this Agreement will be performed in compliance with such standards as may reasonably be expected from a professional consulting firm in the field. D. The Parties have specified in this Agreement the terms and conditions Linder which such services will be provided and paid for. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms and conditions hereinafter set forth, the parties agree as follows: 1. SCOPE OF SERVICES Consultant shall perform those services identified in BFSG's Statement of Work as set forth in Exhibit A to this Agreement. 25J -31