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INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA) (EXECUTIVE MANAGEMENT) 1D
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INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA) (EXECUTIVE MANAGEMENT) 1D
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Last modified
8/24/2022 11:47:21 AM
Creation date
5/14/2015 10:24:02 AM
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Contracts
Company Name
INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA) (EXECUTIVE MANAGEMENT)
Contract #
A-2015-022
Agency
PERSONNEL SERVICES
Council Approval Date
1/20/2015
Expiration Date
1/20/2020
Insurance Exp Date
6/30/2023
Destruction Year
2025
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Plan # 803551 <br />benefits to a spouse or child pursuant to a medical child support order is appropriate. <br />6. Compensation and Payment <br />(a) Absent an explicit agreement to the contrary between ICMA-RC and Employer, <br />participant fees and expenses shall be payable from RHS assets, in accordance with the <br />requirements of the REIS Plan as set forth below. <br />(i) An annual asset fee of 0.40% (40 basis points) will be charged on a quarterly <br />basis, based on the balance in the account on the last day of the previous quarter. <br />In addition to the annual asset fee, a $25 annual account administration fee will be <br />charged quarterly to each Accountholder's account. <br />(ii) Account administration fees are subject to change with appropriate prior <br />notification. <br />(b) Annual account administration fees are subject to change with appropriate prior <br />notification. <br />(c) Compensation for Advisory and other Services to The Vantagepoint Funds. <br />Employer acknowledges that certain wholly -owned subsidiaries of ICMA-RC receive <br />compensation from The Vantagepoint Funds for advisory and other services furnished to <br />The Vantagepoint Funds. The fees referred to in this subsection are disclosed in The <br />Vantagepoint Funds Prospectus and Statement of Additional Information. <br />7. Contribution Remittance <br />Employer understands that amounts contributed to the RHS plan are to be remitted directly to <br />Vantagepoint Transfer Agents in accordance with instructions provided to Employer in the RHS <br />plan materials and are not to be remitted to the ICMA Retirement Trust or ICMA-RC. In the <br />event that any check or wire transfer is incorrectly labeled or transferred, ICMA-RC will return it <br />to Employer with proper instructions. <br />8. Responsibility <br />(a) ICMA-RC shall not be responsible for any acts or omissions of any person with respect <br />to the Plan, or related Trust, other than ICMA-RC in connection with the administration <br />or operation of the Plan. <br />(b) The Employer understands that, as a general matter, the Internal Revenue Service ("IRS") <br />may decline to rule on certain design features or provisions that the Employer may <br />request to have added to the RHS plan materials. The Employer agrees to hold ICMA- <br />RC harmless in connection with the addition and administration of any RHS plan feature <br />or provision requested by the Employer for which the IRS will not provide express <br />-5- <br />
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