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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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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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II. ADVICE PROGRAM DESCRIPTION <br /> The Advice Program is a discretionary managed account service offered by NIA for <br /> retirement plan participants who desire professional guidance in managing their self-directed <br /> retirement plan account. The Advice Program offers individualized investment advice using <br /> an investment process developed and maintained by an IFE. <br /> Under the Advice Program, the IFE develops and maintains managed account portfolios <br /> ("Portfolios") based on all eligible investment options available under the Plan's menu of <br /> investments ("Advice Program Investments"). In addition, the Plan may offer investment <br /> options other than Advice Program Investments, including, but not limited to, individual <br /> stocks, employer stock, guaranteed certificate funds, and collective investment funds <br /> (collectively, "Non-Advice Program Investments"), which will not be considered by the IFE in <br /> the development of Portfolios. <br /> In order for Plan Accounts to be eligible for management under the Advice Program, they <br /> must be invested in mutual funds or variable insurance sub-accounts at the time the Plan <br /> Participant enrolls in the Advice Program. Plan Sponsor hereby acknowledges that any <br /> employer-directed assets, restricted assets (including assets invested in the Nationwide Fixed <br /> Contract), or assets held in self-directed brokerage accounts are not eligible for the Advice <br /> Program and will remain invested in their current manner until further action is taken by the <br /> Plan Participant or the Plan. <br /> The IFE is not a party to this Agreement, and there is no contractual relationship between the <br /> Plan and the IFE. All fees and expenses charged by the IFE for its services will be paid by <br /> NIA. The advice provided to Plan Participants under the Advice Program is limited to the <br /> independent advice provided based on the Portfolios created by the IFE, which NIA cannot <br /> modify. By signing this Agreement, you agree that NIA has discretion to terminate its <br /> relationship with the IFE at any time, without notice to you, and engage the services of a <br /> suitable replacement. <br /> By allowing the Advice Program to be offered to the Plan, you are naming NIA as an <br /> authorized provider of investment advisory services to those Plan Participants who choose to <br /> have their accounts managed by NIA. <br /> III. OBLIGATIONS AND REPRESENTATIONS OF THE PLAN SPONSOR <br /> The Plan Sponsor agrees to notify NIA of any change to the Plan Documents that affects <br /> NIA's rights or duties to the Plan or Plan Participants, and acknowledges that such change will <br /> bind NIA, as the case may be, only when NIA agrees to it in writing. <br /> The Plan Sponsor represents that (1) NIA's investment advisory services are permitted under <br /> the Plan Documents; (2) the Plan Sponsor has the authority to enter into this Agreement on <br /> behalf of the Plan; and (3) the Plan is operated, and NIA's appointment is, in compliance with <br /> all applicable federal and state laws, rules and regulations. <br /> Nationwide Retirement Solutions 10 W. Nationwide Blvd.Columbus,Ohio 43215 <br /> NRM-7982AO.6-0714 2 of 7 <br />
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