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R2004-03 AUTHORIZING AGREEMENT
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R2004-03 AUTHORIZING AGREEMENT
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1/6/2016 11:02:08 AM
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1/6/2016 11:02:08 AM
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Resolution/Ordinance
Res Ord Num
R2004-03
Res Ord Title
AUTHORIZING AGREEMENT FOR FLEXIBLE SPENDING ACCOUNT ADMINISTRATOR
Approved Date
1/5/2004
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{ F � <br /> 6. Annual Plan Compliance. Services include reconciliation and reporting of <br /> employee account balances, plus compliance with discrimination testing <br /> requirements. A IRS Form 5500 will be provided by your contracted <br /> accounting firm. <br /> 7. Optional Services. Services available for possible additional charge i <br /> include: '� <br /> ° Onsite enrollment meetings — $500 for Initial enrollment & Re- ' <br /> enrollment (5 Meetings) <br /> ° Monthly employee statements — No Charge 'i <br /> ° Reports delivered "Second Day Air" — N/A ', <br /> ° Reports delivered "Overnight" — N/A i, <br /> ° Initial Plan Set-up- $500 includes initial SPD Draft, additional drafts <br /> charges will be paid by the City of Decatur. ' <br /> ° Plan Booklets- will be billed at cost to the City of Decatur- the City of , <br /> Decatur will advise the number required after 12/22/2003. <br /> Review these options and elect any optional services at the bottom of this <br /> agreement. <br /> Responsibilities of the Employer <br /> 1. Plan Documents. Secure legal review of the Flexible Benefit Plan <br /> Document and amendments and Summary Plan Description from <br /> Employer's legal counsel or contract vendor such as CORBEL. <br /> 2. Enrollment. Complete new plan year enrollment procedures completely <br /> and on a timely basis as described in the attached Enrollment Kit. <br /> 3. Eligibilitv Chanqes. Notify ADMINISTRATIVE COMPANY of changes in <br /> employee eligibility at least 5 business days prior to the first payroll date <br /> affected. ADMINISTRATIVE COMPANY must be notified by email at <br /> ruthtCa�consociateqroup.com or fax (217) 233 - 0103 on the prescribed <br /> form. A printed copy of the prescribed form is included in this packet. <br /> 4. Discriminatorv Plans. Initiate any action required in the event the plan(s) <br /> become discriminatory. <br /> Fees for Services <br /> 1. Participant Service Fee. This fee includes changes to employee eligibility, <br /> employee account management and participant assistance. The fee is <br /> $2.50 per month per participant or $100 minimum. <br /> 2. Annual Compliance Fee. This fee includes the plan update service, if <br /> required, employee enrollment and account set-up and account reports. <br /> �2001 MHM Business Services,Inc. 2-2 Section 125 Cafeteria Plan <br /> The Secrets of Power Processing <br />
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