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2022-204
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2022-204
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Last modified
10/31/2022 12:28:43 PM
Creation date
10/31/2022 12:26:45 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/11/2022
Control Number
2022-204
Agenda Item Number
8.C.
Entity Name
Lincoln Retirement Services Company, LLC
Subject
Record Keeping Services Agreement
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Transaction Fee <br />Amount per transaction <br />Loan fee <br />$75.00 loan initiation; $25.00 ongoing annually <br />Distribution fee (excluding <br />Beneficiary Payment; Disability <br />Withdrawal and RMD) <br />$40.00 <br />Hardship fee <br />N/A <br />In-service withdrawal fee (excluding <br />Unforeseeable Emergency) <br />$25.00 <br />Installment Payments <br />$25.00 setup; $2.00 monthly <br />QDRO fee <br />$500.00 <br />Transaction Fee Detail <br />LRSC shall have the right to deduct the participant level transaction fees referenced <br />above. Unless otherwise specified, the Employer directs that all withdrawals will be <br />assessed against participant Plan accounts and will be prorated across all investment <br />options and sources. <br />Fee Commitment <br />The Fee Commitment Period will be a period of 5 years beginning as of the effective date <br />of September 29, 2022, subject to the limits and restrictions set forth in Section 2.4. <br />Indian River County BOCC 457(b) INDR-001 <br />1423269 Page 20 of 20 <br />
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