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EXHIBIT IB <br />FEES FOR SERVICES <br />PARS will be compensated for performance of Services, as described in Exhibit IA based <br />upon the following schedule: <br />Upon implementation of the Plan associated with this Agreement, the Agency agrees to pay: <br />(A) An ongoing administration fee equal to five and one-half percent (5.50%u) of all <br />contributions made by the Agency on behalf of participants in the subject Plan. <br />Fees will be billed to the Trustee as contributions are made by the Agency, and it <br />will be the responsibility of the Trustee to pay those fees from the assets of the <br />Plan. These fees are exclusive of Trustee and investment management fees, which <br />are based on the standard fees charged by the Trustee. <br />(B) A fee equal to actuarial expenses, if any, charged to PARS by an outside contractor <br />for an actuarial valuation of the Agency's Plan ("Actuarial Valuation Fee"). <br />(C) A fee equal to the stated IRS application fees and legal fees related to any ongoing <br />federal and/or state required Plan compliance changes. Such fees will not be <br />charged to the Agency without prior authorization by the Plan Administrator. <br />Page 7 <br />25H-9 <br />