My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2014-124 PRO-ACCOUNT PLAN SPONSOR AGREEMENT
COD
>
City Clerk
>
RESOLUTIONS
>
2014
>
R2014-124 PRO-ACCOUNT PLAN SPONSOR AGREEMENT
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/24/2015 9:23:55 AM
Creation date
7/24/2015 9:23:51 AM
Metadata
Fields
Template:
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
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
55
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Item 15 Custody <br /> Nationwide Large Cap Growth Portfolio <br /> LCG Portfolio assets are custodied by a third party that is not affiliated with NIA. <br /> Point in Time Non-Discretionary Advice <br /> NIA does not provide ongoing investment advice or maintain custody of client assets in connection with this <br /> service. <br /> Adv_ice_Program for Plan Sponsors of Trustee Directed Retirement Plans <br /> Advice Program assets are custodied by Nationwide Trust Company. The custodian is authorized to deduct any <br /> and all Advice Program Fees, when due, from the plan account and to remit the fees to NIA as investment <br /> adviser. The custodian may charge a separate custody fee in addition to the Advice Program Fee. <br /> Nationwide Trust Company is a "related person" of NIA. A "related person" is a person (including a corporate <br /> entity) directly or indirectly controlling or controlled by, or under common control with, NIA. Control means <br /> the power, directly or indirectly, to direct the management or policies of a person (including a corporate <br /> entity), through ownership of securities, by contract,or otherwise. Nationwide Trust Company is 100%owned <br /> by Nationwide Financial, the indirect parent company of NIA. Therefore, Nationwide Trust Company and NIA <br /> are under common control. Because a related person of NIA acts as the custodian, NIA is considered to have <br /> custody of Advice Program assets. <br /> Advice Program clients receive quarterly account statements from the custodian as part of the Nationwide <br /> retirement program. Quarterly custodial statements reflect the deduction of Advice Program Fees. In <br /> addition, NIA sends quarterly fee notifications to each Advice Program client with assets under management in <br /> the program. All Advice Program clients should compare the fee notifications they receive from NIA to the <br /> Advice Program Fee deduction shown within their quarterly custodial statements. Any identified discrepancies <br /> should promptly be reported. <br /> Nationwide ProAccount in the Nationwide Retirement Program <br /> Nationwide ProAccount assets are custodied by the applicable custodian to the Nationwide Retirement <br /> Program, which may be either Nationwide Trust Company, FSB (for assets held on the Nationwide Trust <br /> Company trust platform), or NLIC (for assets held in a group annuity). Both Nationwide Trust Company and <br /> NLIC are "related persons" of NIA. A "related person" is a person (including a corporate entity) directly or <br /> indirectly controlling or controlled by, or under common control with, NIA. Control means the power, directly <br /> or indirectly, to direct the management or policies of a person (including a corporate entity), through <br /> ownership of securities, by contract, or otherwise. Nationwide Trust Company and NLIC are both 100%owned <br /> by Nationwide Financial. NLIC in turn owns 100%of NIA. Therefore, Nationwide Trust Company, NLIC and NIA <br /> are under common control. Because a related person of NIA acts as the custodian, NIA is considered to have <br /> custody of Nationwide ProAccount assets. <br /> The custodian is authorized to deduct any and all Nationwide ProAccount Fees, when due, from a ProAccount <br /> Client's retirement plan account and to remit the appropriate fees to NIA as investment adviser. The custodian <br /> may charge a separate custody fee in addition to the Nationwide ProAccount Fee. ProAccount Clients receive <br /> quarterly account statements from the custodian as part of the Nationwide Retirement Program. Quarterly <br /> custodial statements reflect the deduction of Nationwide ProAccount Fees. In addition, NIA sends quarterly <br /> fee notifications to each ProAccount Client with assets under management in Nationwide ProAccount. In plan <br /> sponsor/trustee directed retirement plans, custodial statements and quarterly fee notifications are sent to the <br /> plan sponsor/trustee and not to each individual plan participant. All ProAccount Clients should compare the <br /> 19 <br />
The URL can be used to link to this page
Your browser does not support the video tag.