HomeMy WebLinkAboutAddenda - RFP - P943 PENSION SERVICES POUDRE FIRE AUTHORITY (2)ICMA
Building Retirement Security
September 20, 2006
Charles Seest
Finance Director
215 N. Mason St. 2nd Floor
Ft. Collins, CO 80522-0580
RE: ICMA-RC Account Number: 109361 108528 301049 108530 300067 108533
108618
Dear Mr. Seest:
Enclosed you'll find a signed copy of Fort Collins' Amendment to the Administrative
Services Agreement.
Should you have any questions, please contact me at (800)735-7202 ext. 8227.
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Sr. New Business Analyst
Vantagepoint securities are distributed by ICMA-RC Services, LLC, a broker -dealer affiliate of ICMA-RC, member NASD/SIPC.
AMENDMENT
TO THE
Administrative Services Agreements
For Plan Numbers 109361,1085289 30104% 1085309 300067, 1085339 108618
This Amendment to the Administrative Services Agreements ("Agreements") for Plan
numbers 109361, 108528, 301049, 108530, 300067, 108533, 108618 (the "Plans") is
entered by and between City of Fort Collins ("Employer") and ICMA Retirement
Corporation ("RC"), effective as of the date of execution by the Employer below
("Execution Date").
WHEREAS, the Employer sponsors the Plans on behalf of its eligible employees and
retirees; and
WHEREAS, the Employer entered the Agreements to engage RC to provide
administrative services and investments for the Plan under the terms specified in the
Agreements; and
WHEREAS, the parties wish to amend the Agreements to provide for an elimination of
the Plan Administration fee and Mutual Funds Fee under the Agreements for the Plans
over the term of the Agreements contingent on the Employer's use of EZLink for
enrollment contribution processing over the term of the Agreements; and
WHEREAS, Section 10(a) of the Agreement provides that the Agreements may be
amended pursuant to a written instrument signed by the parties;
NOW, THEREFORE, the Agreements are hereby amended as follows:
FIRST
Section 6 of the Agreements, titled "Compensation and Payment" is amended by
replacement of all sections with the following:
(a) There shall be no asset -based or per -participant fees charged under this
Agreement. ICMA-RC's compensation under this Agreement shall be as
set forth in subsection (b) below.
(b) Compensation for Management Services to the Trust; Compensation for
Advisory and other Services to the Vantagepoint Funds. Employer
acknowledges that in addition to amounts payable under this Agreement,
ICMA-RC receives fees from the Trust for investment management
services fumished to the Trust. Employer further acknowledges that
certain wholly owned subsidiaries of ICMA-RC receive compensation for
advisory and other services famished to the Vantagepoint Funds, which
serve as the underlying portfolios of a number of Funds offered through
the Trust. The fees referred to in this subsection are disclosed in the