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R2014-124 PRO-ACCOUNT PLAN SPONSOR AGREEMENT
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R2014-124 PRO-ACCOUNT PLAN SPONSOR AGREEMENT
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7/24/2015 9:23:55 AM
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7/24/2015 9:23:51 AM
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Resolution/Ordinance
Res Ord Num
R2014-124
Res Ord Title
APPROVING PRO-ACCOUNT PLAN SPONSOR AGREEMENT WITH NATIONWIDE INVESTMENT ADVISORS, LLC
Approved Date
10/6/2014
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30� UF <br /> Nationwide Investment Advisors, LLC <br /> ProAccount - Plan Sponsor Agreement <br /> Formal Plan Name: _ oar«Bacarpm-mtmPim for Putft Emawy"s4PG—naw",PWAzMU (the "Plan") <br /> Name of Plan Sponsor: City cf0ecatur.lAinds (the "Plan Sponsor") <br /> The foregoing Plan currently utilizes services and products offered by Nationwide Retirement <br /> Solutions, Inc.("NRS")and its affiliated companies(the"Nationwide Retirement Program"). <br /> On behalf of the Plan, the Plan Sponsor desires to appoint Nationwide Investment Advisors, <br /> LLC ("NIA"),an Ohio limited liability company, registered as an investment adviser with the <br /> Securities and Exchange Commission under the Investment Adviser's Act of 1940 ("Advisers <br /> Act")and an affiliate of NRS,as an authorized provider of investment advisory services to <br /> participants in the Plan ("Plan Participants") who desire professional guidance in managing <br /> their self-directed accounts within the Plan ("Accounts"). NIA's ProAccount program(the <br /> "Advice Program")offers individualized investment advice using an investment process <br /> developed and maintained by an independent financial expert("IFE")selected and retained <br /> by NIA. <br /> WHEREAS,on behalf of the Plan,the Plan Sponsor hereby approves NIA as an authorized <br /> provider of investment advisory services through the Advice Program to those Plan <br /> Participants who choose to have their Accounts managed by NIA(collectively,the "Plan's <br /> Account"); <br /> WHEREAS,the Plan Sponsor hereby authorizes each such Plan Participant's self-direction of <br /> their own Account,subject to guidelines imposed by the Plan,and authorizes each Plan <br /> Participant to enter into an investment advisory agreement directly with NIA for the <br /> management of their account; <br /> I <br /> WHEREAS,the Plan Sponsor acknowledges that such advisory services are permitted under <br /> the documents establishing the Plan("Plan Documents")and that the investments and <br /> investment strategies proposed by NIA through the Advice Program are consistent with the <br /> Investment Policy of the Plan;and <br /> j WHEREAS, Plan Sponsor acknowledges that NIA and NRS are affiliates and that NRS will <br /> provide to NIA certain administrative services in support of the Advice Program; <br /> I <br /> NOW,THEREFORE, in consideration of the foregoing and the promises,covenants and <br /> mutual agreements set forth herein, the adequacy of which is hereby mutually acknowledged, <br /> NIA and the Plan Sponsor, each intending to be legally bound, hereby do agree as follows: <br /> I. APPOINTMENT OF INVESTMENT ADVISOR <br /> The Plan Sponsor hereby appoints NIA to exercise discretionary authority to allocate and <br /> reallocate Plan Participant Accounts in the manner described in Section II below and NIA <br /> hereby accepts this appointment, subject to the terms and conditions of this Agreement. <br /> NIA's authority under this Agreement will remain in effect until changed or terminated <br /> pursuant to the termination provisions described in this Agreement. NIA's authority under <br /> this Agreement shall apply to all defined contribution plans sponsored by the Plan Sponsor <br /> that are record kept at Nationwide or any of it's affiliates on a single Nationwide record <br /> keeping system.To the extent that the Plan Sponsor desires to exclude a defined <br /> contribution plan from coverage under this Agreement subsequent to coverage of s� ,m <br /> the Plan Sponsor must notify NIA of such individual plan's termination of servi <br /> Agreement in accordance with Section IX of this Agreement. 16 2pt4 <br /> Nationwide Retirement Solutions 10 W.Nationwide Blvd.Columbus,Ohio 43215 �C <br /> NRM-7982AO.6-0714 1 of 7 <br /> CO PY BY <br /> btLZOI£OSS 6l0 b66bE8£0o <br />
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