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R99-200 AUTHORIZING SERVICE AGREEMENT
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R99-200 AUTHORIZING SERVICE AGREEMENT
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Last modified
4/7/2016 8:16:36 AM
Creation date
4/7/2016 8:16:33 AM
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Resolution/Ordinance
Res Ord Num
R99-200
Res Ord Title
AUTHORIZING SERVICE AGREEMENT WITH ICMA RETIREMENT CORPORATION FOR SECTION 401 MONEY PURCHASE PLAN AND TRUST
Approved Date
11/15/1999
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, . Plan # 7548 <br /> ADMINISTRATIVE SERVICES AGREEMENT <br /> This Agreement, made as of the day of <br /> , 199 , (herein referred to as the "Inception Date"1, between The International <br /> City Management Association Retirement Corporation ("RC"), a nonprofit corporation <br /> organized and existing under the laws of the State of Delaware; and the City of <br /> Decatur ("Employer") a City organized and existing under the laws of the State of <br /> Illinois with an office at 1 Gary Anderson Plaza, Decatur, Illinois 62523. <br /> Recitals <br /> Employer acts as a public plan sponsor for a retirement plan ("Plan") with <br /> responsibility to obtain investment alternatives and services for employees participating <br /> in that Plan; <br /> The ICMA Retirement Trust (the "Trust") is a common taw trust governed <br /> by an elected Board of Trustees for the commingled investment of retirement funds <br /> held by state and local governmental units for their employees; <br /> RC acts as investment adviser to the Trust; RC has designed, and the <br /> Trust offers, a series of separate funds (the "Funds") for the investment of plan assets <br /> as referenced in the Trust's principal disclosure document, "Making Sound Investment <br /> Decisions: A Retirement Investment Guide." The Funds are available only to public <br /> employers and only through the Trust and RC. <br /> In addition to serving as investment adviser to the Trust, RC provides a <br /> complete offering of services to public employers for the operation of employee <br /> retirement plans including, but not limited to, communications concerning investment <br /> alternatives, account maintenance, account record-keeping, investment and tax <br /> reporting, form processing, benefit disbursement and asset management. <br />
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