Browse
Search
Agenda - 12-07-2009 - 4g
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2000's
>
2009
>
Agenda - 12-07-2009
>
Agenda - 12-07-2009 - 4g
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/9/2009 9:42:47 AM
Creation date
12/4/2009 12:46:27 PM
Metadata
Fields
Template:
BOCC
Date
12/7/2009
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
4g
Document Relationships
Minutes - 20091207
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2009
RES-2009-083 Authorizing County Participation in a 457 Deferred Compensation Plan
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2009
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
38
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
7 <br />Plan number: 306665 <br />standing with Financial Industry Regulatory Authority ("FINRA") and the <br />Securities Investor Protection Corporation ("SIPC"). <br />(c) ICMA-RC shall maintain and administer the Plan in compliance with the <br />requirements for eligible deferred compensation plans under Section 457_ <br />of the Internal Revenue Code and other applicable federal law; provided, <br />however, that ICMA-RC shall not be responsible for the eligible status of <br />the Plan in the event that the Employer directs ICMA-RC to administer the <br />Plan or disburse assets in a manner inconsistent with the requirements of <br />Section 457 or otherwise causes the Plan not to be carried out in <br />accordance with its terms. Further, in the event that the Employer uses its <br />own customized plan document, ICMA RC shall not be responsible for <br />the eligible status of the Plan to the extent affected by terms in the <br />. Employer's plan document that differ from those in ICMA-RC's standard <br />plan document. ICMA-RC shall not perform any service that ICMA-RC, <br />in its sole judgment, considers might cause ICMA-RC to be treated as a <br />"fiduciary" of the Plan under applicable law. <br />Employer represents and warrants to ICMA-RC that: <br />(d) Employer is organized in the form and manner recited in the opening <br />paragraph of this Agreement with full power and authority to enter into <br />and perform its obligations under this Agreement and to act for the Plan <br />and participants in the manner contemplated in this Agreement. Execution, <br />delivery, and performance of this Agreement will not conflict with any <br />law, rule, regulation or contract by which the Employer is bound or to <br />which it is a party. <br />(e} Employer understands and agrees that ICMA-RC's sole function under <br />this Agreement is to act as recordkeeper and to provide administrative, <br />investment or other- services at the direction of. Plan participants, the <br />Employer, its agents or designees in accordance with the terms of this <br />' Agreement. Under the terms of this Agreement, ICMA-RC does not <br />render investment advice, is not the Plan Administrator or Plan Sponsor as <br />those terms are defined under applicable federal, state, or local law, and <br />does not provide legal, tax or accounting advice with respect to the <br />creation, adoption or operation of the Plan and the Trust. <br />{f) Employer acknowledges that certain such services to be performed by <br />ICMA-RC under this Agreement may be performed by an affiliate or <br />agent of ICMA-RC pursuant to one or more other contractual <br />arrangements or relationships, and that ICMA-RC reserves the right to <br />change vendors with which it has contracted to provide services in <br />connection with this Agreement without prior notice to Employer. <br />4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.