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R2009-100 ESTABLISHING RETIREMENT HEALTH SAVINGS PLAN
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R2009-100 ESTABLISHING RETIREMENT HEALTH SAVINGS PLAN
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Last modified
10/13/2015 11:58:55 AM
Creation date
10/13/2015 11:58:50 AM
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Resolution/Ordinance
Res Ord Num
R2009-100
Res Ord Title
ESTABLISHING RETIREMENT HEALTH SAVINGS PLAN - ICMA RETIREMENT CORPORATION VANTAGECARE
Department
City Manager
Approved Date
6/15/2009
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Plan# 803093 <br /> ADMINISTRATIVE SERVICES AGREEMENT <br /> This Agreement,made as of the 15 day of June 20 0 9 (herein referred to as the <br /> "Inception Date"),between The International City Management Association Retirement Corporation <br /> ("ICMA-RC"), a nonprofit corporation organized and existing under the laws of the State of <br /> Delaware;and the City of Decatur('Bmployer")a local governmental insri-umentality organized and <br /> existing under the laws of the State of Illinois with an office at One Gary K. Anderson Plaza, <br /> Decatur, Illinois 62523. <br /> RECITALS <br /> Employer acts as a public plan sponsor for a retiree health plan with responsibility to obtain <br /> investment alternatives and services for employees participating in that plan; <br /> Employer desires to make the VantageCare Retirement Health Savings Plan("RHS Plan"or"Plan") <br /> provided by ICMA-RC available to its employees; <br /> ICMA-RC makes available the Vantagepoint Funds, a no-load, diversified mutual fund, for <br />, investment of public employer plan assets, including RHS Plan assets; <br /> ICMA-RC provides a complete offering of services to public employers for the operation of <br /> employee retirement and retiree health savings plans including,but not limited to, communications <br /> concerning investment alternatives,account maintenance, account record-keeping,investment and <br /> tax reporting, form processing, benefit disbursement and asset management. <br /> AGREEMENT� <br /> 1. Acceptance of RHS Plan <br /> Employer agrees to make the RHS Plan provided by ICMA-RC available to its employees. The <br /> details of the RHS Plan shall be as mutually agreed between the Employer and ICMA-RC, and in <br /> general shall be as set forth in the RHS Plan materials developed by ICMA-RC and provided to <br /> Employer. The RHS Plan materials are hereby incorporated by reference and made a part of this <br /> Agreement, except that Employer and ICMA-RC may from time to time mutually agree in <br /> writing to terms that vary from the RHS Plan inaterials. RHS plan materials shall include the <br /> VantageCaYe RHS Employer Manual, available electronically through the EZ Link System upon <br /> plan adoption. <br /> The functions to be performed by ICMA-RC and its agents include: <br /> (a) allocation in accordance with participant direction of individual accounts to <br /> investment funds ("Funds")made available to Plan participants; <br /> (b) inaintenance of individual accounts for participants reflecting amounts contributed, <br /> - 2 - <br />
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