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�— A. Establish the overall Program, its funding options and administrative operations so as to comply with , <br /> other regulatory authorities, including state statutes, constitutional restrictions and other appropriate <br /> authorities. ' <br /> B. Provide Employer with a Deferred Compensation Plan Agreement and necessary agreements for <br /> execution with its participating employees,which is and will be maintained in compliance with the <br /> provisions of the IRC. ' <br /> C. Provide EMPLOYER with such technical assistance as is necessary to implement the Program in <br /> accordance with the needs and objectives of the EMPLOYER'S individual requirements. <br /> D. Provide an administrative support system to facilitate employee deferr•als, reconciliations, disbursements <br /> to the investment media, maintenance of the individual and Employer account rec�rds, provide periodic <br /> statements and coordinate employee distributions, and assure proper tax reporting systems. <br /> E. Provide such accounting and internal controls systems as are necessary to provide Employer with those <br /> reports specified in this Agreement, to meet the Employer's individual financial reporting requirements. <br /> F. Provide an interactive voice response(IVR)toll free telephone number which shall be operative 24 hours i <br /> per day, 7 days per week(less normal maintenance time)for the IVR, and for live Participant Service <br /> Representatives, Monday through Friday, 8 a.m. -9 p.m. Eastern time, each business day. Using this ! <br /> number participants may obtain information about participant accounts. EMPLOYER auth�rizes I <br /> Nationwide to honor instructions,which may be submitted by participants using this number, either via the <br /> IVR, or to a live representative. Participant instructions may be in such form and content as may be I <br /> mutually agreed to by Nationwide and EMPLOYER. <br /> G.. As payor, compute and deduct from any disbursements made by Nationwide under the Plan all <br /> appropriate federal and State income taxes required by law to be withheld from plan distributions and <br /> also furnish to all participants receiving payments or benefits from the Program, appropriate tax reporting <br /> forms. <br /> H. Provide deferral limit testing senrices to Employer subject to the following: <br /> (1.) Nationwide shall accept or reject participant election forms; <br /> (2.) Nationwide shall not be responsible for monitoring deferrals to section 403(b), 401(a), <br /> 414(h) plans or other pfans referenced by IRC <br /> (3.) Nationwide will not be responsible for monitoring interplan c�ordination should Employer <br /> offer more the one(1)section 457 plan. <br /> I. Provide Plan Participants unlimited opp�rtunities to increase(within limitations of Sec. 457)or decrease <br /> deferral amounts. All requests to increase or decrease deferral amounts will be processed by Nationwide <br /> within five(5)business days of receipt of the request and will be effective as soon as administratively <br /> practical by EMPLOYER. <br /> J. Establish and maintain individual participant account records and calculate daily valuations of participant <br /> account. Such records shall contain the participanYs social security number, the allocation of participant <br /> deferrals to the Program products available under the Plan, the participanYs address, the participanYs <br /> birth date,the participanYs beneficiary designation, and any other data necessary for administration of the <br /> participant's account. <br /> K. Provide Plan Participants opportunities to redirect future deferral amounts to any other Investment <br /> Product offered by the Plan. All requests will be processed within five(5) business days of receipt and <br /> the deferral will be effective with the next following pay period. <br /> -4- <br /> M:\Corp12D38\020/Nationwide Master Administralion Agreement.doc <br /> DC-4055-0905[nl� <br />