Laserfiche WebLink
1 1 1. 1.:. <br />=-t T <br />Attached to and Forming part of <br />•- a-a a a a <br />§457 Deferred Compensation Plan <br />GROUP 11 <br />THIS AMENDMENT NO. 1 is entered into by and between Great -West Life & Annuity Insurance <br />Company ( "Great- West "), and/or any successor, assign or affiliate, and the City of Santa Ana ( "Plan <br />Sponsor") with respect to the services to be provided by Great -West to the City of Santa Ana 457 <br />Deferred Compensation Plan ( the "Plan "). <br />Effective September 3, 2014, Great -West and the Plan Sponsor entered into the Agreement for <br />Recordkeeping and Communication Services ( "Agreement"), under which Great -West provides certain <br />recordkeeping and communication services for the Plan Sponsor with respect to the Plan; and <br />The Agreement was for a term of one year with an option for one additional year. Following the <br />expiration of the original term, Great -West, with the Plan Sponsor's consent, continued to provide <br />services under the Agreement to the Plan Sponsor; and <br />For administrative efficiencies, Great -West and the Plan Sponsor have agreed that it would be mutually <br />beneficial to amend the Agreement for the purpose of exercising the above option and continuing the <br />Agreement through the end of that calendar quarter during which the option year expires. <br />NOW THEREFORE, in consideration of the covenants and conditions herein contained, and <br />other good and valuable consideration as herein provided, the parties agree to amend the <br />Agreement as follows; <br />1. Section IX Ag[glei lent Term and Termination is amended to extend the term of the Agreement <br />up to and including September 30, 2016. <br />1 The first paragraph of Section X.A.1 Amount of Fee is amended to read In its entirety: <br />An annual Recordkeeping and Communication Fee of 0.10% of total Plan Account and <br />Participant account balances, excluding loan balances, is payable to Great-West. The annual <br />Recordkeeping and Communication Fee shall increase to 0.18010 if the Plan Sponsor elects to <br />migrate all participant account balances presently In the Great West Guaranteed Government <br />Fund to the T. Rowe Price Stable Value Fund. This increase will take effect upon the <br />completion of such migration. The annual Recordkeeping and Communication Fee shall <br />remain 0,10% if the Plan Sponsor does not make this transition. <br />31 Except as modified by this Amendment No. 1, all terms and conditions of the Agreement shall <br />remain in full force and effect. <br />4. This Amendment No. 1 will take effect upon the date executed by both the Plan Sponsor and <br />Great -West. <br />City of Santa Ana 12 -8 -15 <br />