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Agreement with Great -West Financial & BFSG <br />December 19, 2017 <br />Page 3 <br />e 1 is <br />Issuance of RFP <br />August 2018 <br />Responses Evaluated <br />September 2018 <br />Vendor Interviews/Selection <br />October 2018 <br />City Council Approval <br />November 2018 <br />New Agreement <br />January 1, 2019 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #7 Team Santa Ana, Objective #4 (Establish <br />employee compensation that attracts and retains a highly qualified workforce). <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 />W <br />Exhibits: 1. Agreement with Great -West Financial <br />2. Agreement with Benefit Financial Services Group <br />25D-3 <br />