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2017-106A
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2017-106A
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Last modified
8/30/2017 11:35:04 AM
Creation date
8/23/2017 10:02:23 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/15/2017
Control Number
2017-106A
Agenda Item Number
8.J.
Entity Name
Nationwide Retirement Solutions
Subject
Deferred Compensation Plan
Plan Sponsor
Area
Administrative Services for Deferred Compensation
Alternate Name
457B
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(g) investment transfers; <br />(h) benefit payments; <br />(i) current account balance; <br />(j) transaction history since funding under the Agreement; <br />(k) contributions since funding under the Agreement; <br />(1) e-mail address; <br />(m) beneficiary designation; <br />(n) benefit tax withholding information; and <br />(o) such other information as agreed upon by the Plan Sponsor and <br />Nationwide. <br />Nationwide will post and credit the amounts transmitted by the Plan Sponsor to the accounts <br />of Plan participants in accordance with the latest instructions from participants or the Plan <br />Sponsor (as applicable) on file with Nationwide, which instructions can include direction via <br />electronic sources such as the website or the interactive voice response system. <br />Nationwide agrees to process the enrollment of employees eligible to participate in the Plan <br />as determined by the Plan Sponsor. Nationwide also agrees to conduct enrollment meetings <br />with Plan Sponsor's employees in such number and manner as determined by the parties. <br />The Plan Sponsor agrees to allow and facilitate the periodic distribution of materials to Plan <br />participants at the time and in the manner determined by the Plan Sponsor; provided however, <br />that all reasonable expenses associated with such distribution shall be paid by Nationwide. <br />The Plan Sponsor further agrees to allow and facilitate the periodic distribution to its <br />employees of materials prepared by Nationwide regarding products and services offered by <br />Nationwide, or its affiliates, which Nationwide reasonably believes would be beneficial to <br />such Plan participants. <br />C. PLAN CONTRIBUTIONS <br />Plan Sponsor agrees to send all Plan contributions to Nationwide on a timely basis that is in <br />compliance with all applicable legal requirements. Nationwide agrees to post funds received <br />as contributions to the Plan in accordance with the separate funding agreements between Plan <br />Sponsor and Nationwide or any of its affiliates when received from the Plan Sponsor in good <br />order by Nationwide. The term "in good order," as used in this Agreement, means the receipt <br />of required information by Nationwide, in a form deemed reasonably acceptable to <br />Nationwide, with respect to the processing of a request or the completion of a task by <br />Nationwide that reasonably requires information from a third -party. More specifically, Plan <br />contributions and contribution allocation information must meet all of the following <br />requirements in order to be deemed to be in good order: <br />1) All records must include the correct and complete participant name, Social Security <br />number, and the amount to be credited to the participant's account(s); <br />2) The source of funds must be identified (e.g., 457(b) salary reduction, employer <br />contribution); <br />3) The Plan name and Plan number must be clearly identified; <br />4) Both the participant allocation detail and the total contribution amount must be <br />received, and these two totals must match each other; and <br />-5- <br />
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