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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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10/13/2015 11:58:55 AM
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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 /> terms of the Employer's RHS Plan. The account fee will be charged against the <br /> account on a quarterly basis. <br /> In addition to the annual account fee, an annual asset fee of 0.30%(30 basis points) <br /> will be charged on a quarterly basis,based on the balance in the account on the last <br /> day of the previous quarter. <br /> (ii) Employer with ICMA-RC §401 and §457 retirement plan average participant <br /> account balances of less than $25,000, or Employer who does not currently have a <br /> retirement plan with ICMA-RC: <br /> A $30 annual account fee will be charged to each Accountholder's account upon <br /> attainment of Benefit Eligibility by the Accountholder. Benefit Eligibility shall <br /> be transmitted electronically to ICMA-RC by Employer through the EZ Link <br /> System. Benefit Eligibility shall mean the quarter in which the Accountholder <br /> becomes eligible to use of the account for reimbursement of inedical expenses <br /> under the terms of the Employer's RHS Plan. The account fee will be charged <br /> against the account on a quarterly basis. <br /> In addition to the annual account fee, an annual asset fee of 0.40% (40 basis points) <br /> will be charged on a quarterly basis,based on the balance in the account on the last <br /> day of the previous quarter. <br /> When the average participant account balance of the Employer's §401 and §457 <br /> retirement plans with ICMA-RC totals$25,000 or more(based on the balances in the <br /> Employer's retirement plans on the last day of the previous quarter), the pricing <br /> detailed in paragraph S.a. shall apply beginning in the subsequent quarter. <br /> (iii) Account administration fees are subject to change with appropriate prior <br /> notification. <br /> (b) Compensation for Advisory and other Services to the Vantagepoint Funds. Employer <br /> acknowledges that certain wholly-owned subsidiaries of ICMA-RC receive compensation for <br /> advisory and other services furnished to the Vantagepoint Funds.The fees referred to in this <br /> subsection are disclosed in the Vantagepoint Funds Prospectus. <br /> 6. Custodv <br /> Employer understands that amounts contributed to the RHS plan are to be remitted directly to <br /> Vantagepoint Transfer Agents in accordance with instructions provided to Employer in the RHS <br /> plan materials and are not to be remitted to the ICMA Retirement Trust or ICMA-RC. In the event <br /> that any check or wire transfer is incorrectly labeled or transferred, ICMA-RC will return it to <br /> Employer with proper instructions. <br /> - 5 - <br />
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