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GREAT-WEST FINANCIAL-RETIREMENT
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Last modified
4/1/2015 8:53:27 AM
Creation date
3/30/2015 3:19:34 PM
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Contracts
Company Name
GREAT-WEST FINANCIAL-RETIREMENT
Contract #
A-2014-208
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
9/2/2014
Expiration Date
9/2/2016
Insurance Exp Date
3/31/2015
Destruction Year
2021
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Depending on its anticipated finding needs, uninvested funds ate generally used to either reduce the <br />Custodian's overall borrowing from other sources (such as in the Federal Funds market) or invested in <br />short -term investments (such as its Federal Reserve Account). Uninvested finds from the Plan are <br />not segregated from other deposit funds, so attributing an exact earnings or interest factor applicable <br />to the Plan's uninvested funds is not possible. Earrings on the float (or the corresponding reduction <br />in borrowing, depending on anticipated finding needs) depends on numerous factors such as current <br />interest rates, Federal Funds rates, credit risk, and the duration of the particuilar debt instrument. <br />7. Amendment and Termination. This Agreement may be amended by written agreement of the parties <br />at any time. This Agreement shall continue in effect unless or until ternnated by either party upon <br />thirty (30) days' written notice to the other party; provided that Custodian shall continue to act as <br />Custodian of the Custodial Account unt l a successor Custodian is appointed. If no successor <br />Custodian is appointed within ninety (90) days of such written notice of ternunation, Custodian shall <br />be authorized to petition a court of competent jurisdiction for a declaration appointing a successor <br />Custodian, and to change the Custodial Account for the reasonable costs, fees, and expenses of such <br />legal process. Upon termination, all securities held in the account shall be delivered by the <br />Custodian to a successor custodian appointed by the Employer or as otherwise directed in writing by <br />the Employer. Notwithstanding the foregoing, this Agreement shall automatically terminate in the <br />event that a contract for the provision of one or more finding mediums for the Custodial Account <br />and recordkeeping services through Great -West are discontinued or terminated without renewal, <br />effective as of the date of such discontinuance or termination, with no further notice from or to either <br />party; provided that Custodian shall continue to act as Custodian of the Custodial Account until a <br />successor Custodian is appointed. If no successor Custodian is appointed within ninety (90) days of <br />such written notice of termination, Custodian shall be authorized to petition a court of competent <br />,jurisdiction for a declaration appointing a successor Custodian, and to charge the Custodial Account <br />for the reasonable costs, fees, and expenses of such legal process. <br />8. Limitation of Liability. Custodian shall not be liable for any claims, liabilities, or expenses arising <br />from or alleged to arise from any action or inaction taken by Custodian pursuant to the direction of <br />Employer or any authorized agent thereof. Employer specifically releases Custodian from any <br />liability except to the extent Custodian has committed negligence or malfeasance in the exercise of <br />its responsibilities hereunder. <br />9. Notices. <br />Notices to the Employer shall be directed and trailed as follows: <br />City of Santa Ana <br />20 Civic Center Plaza <br />P.O. Box 1988 <br />Santa Ana, CA 92702 <br />Attention: Francisco Gutierrez, Finance Director <br />Employer FIN #95- 6000785 <br />Notices to the Custodian shall be directed and mailed as follows: <br />Wells Fargo Batik, N.A. <br />Institutional Retirement and Trust <br />1740 Broadway, MAC #C7300 -105 <br />Denver, CO 80274 <br />Attention: Andrea L. Stellish <br />Notices to Great -West shall be directed and mailed as follows: <br />457(b) City of Santa Ana GVT Wells Fargo custodial agrmt 02 -24 -15 Page 5 <br />
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