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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
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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 /> Funds. I <br /> (f) Payment Procedures. All payments to RC pursuant to this Section <br /> 6 shall be paid out of the Plan assets held by the Trust and shall be paid by the Trust. , <br /> The amount of Plan assets held in the Trust shall be adjusted by the Trust as required , <br /> to reflect such payments. ' <br /> 7. Custodv � <br /> Employer understands that amounts invested in the Trust are to be I! <br /> remitted directly to the Trust in accordance with instructions provided to Employer by <br /> RC and are not to be remitted to RC. In the event that any check or wire transfer is <br /> incorrectly labeled or transferred to RC, RC will return it to Employer with proper <br /> instructions. <br /> 8. Responsibilitk <br /> RC shall not be responsible for any acts or omissions of any person other <br /> than RC in connection with the administration or operation of the Plan. <br /> 9. Term <br /> This Agreement may be terminated without penalty by either party on <br /> sixty days advance notice in writing to the other. <br /> 10. Amendments and Ad�,ustments <br /> (a) This Agreement may not be amended except by written instrument <br /> signed by the parties. <br /> (b) The parties agree that compensation for services under this <br /> Agreement and administrative and operational arrangements may be adjusted as <br /> follows: <br /> RC may propose an adjustment by written notice to the Employer given <br /> at least 60 days before the effective date of the adjustment and the notice may appear <br /> in disclosure documents such as Employer Bulletins and the Retirement Investment <br /> Guide. Such adjustment shall become effective unless, within the 60 day period <br /> before the effective date the Employer notifies RC in writing that it does not accept <br /> such adjustment, in which event the parties will negotiate with respect to the <br /> adjustment. <br /> (c) No failure to exercise and no delay in exercising any right, remedy, <br />
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