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Agreement with Empower for 457 Deferred Compensation and <br />Authorization to Issue Request For Proposal <br />October 4, 2016 <br />Page 3 <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. All administrative fees pertaining to the <br />services will be borne by the Plan participants. Internal Revenue Code permits administrative <br />reimbursement from plan assets, which will be utilized to offset fiduciary advisory, participant <br />education and staffing costs related to the management of the 457 Plan. <br />Francisco Gutierrez <br />Executive Director <br />Finance and Management Services Agency <br />AC <br />EXHIBIT: 1. Agreement with Empower <br />25B -3 <br />