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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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Wellness Path only in the manner in which it has been authorized to use it in this <br />Agreement. <br />Employer will notify Lincoln if any authorized individual ceases to be authorized or if <br />Employer becomes aware of any unauthorized access or use by Employer Personnel. <br />Employer warrants that it is the responsible and authorized fiduciary for the above-named <br />Plan for purposes of making Wellness Path available within its Plan. Employer <br />acknowledges that use of the Wellness Path does not guarantee success or a particular <br />outcome. <br />Plan participants will have to execute the End User Agreement in order to access Wellness <br />Path. <br />Notwithstanding anything in this Agreement, to the contrary, as a result of providing <br />Wellness Path, and subject to Plan participant consent or a participant's decision to <br />otherwise share their data, in the tool or with the Plan's broker of record, investment <br />advisor or other authorized financial professional ("Financial Professional"), Lincoln and/or <br />its personnel or the Financial Professional authorized on the Plan, may utilize plan and <br />participant information, including Employee and Plan content or data collected from the <br />Employer and/or Plan participants, to provide the Wellness Path service and for purposes <br />of identifying and making available to the Employer or Plan participants certain <br />investment- and insurance related products and/or services that may be helpful to Plan <br />participants outside of the Plan ("Ancillary Products/Services"). Such Ancillary <br />Products/Services may relate to the reinvestment of the proceeds of a distribution from <br />Employer's Plan. <br />Furthermore, subject to Plan participant consent obtained in the End User Agreement, or <br />otherwise, notwithstanding anything in this Agreement to the contrary, Employer agrees <br />that data derived by Lincoln or Questis from the offering of Wellness Path may be used <br />for the purposes of analysis, including, without limitation, statistical analysis, trend <br />analysis, creation of data models, and creation of statistical rules. The results of such <br />analysis ("De -identified Data") may be used by Lincoln or Questis for internal business <br />purpose, including, without limitation, determining future hardware and communications <br />needs for Questis' systems and determining trends associated with use, operation, and <br />efficacy of Wellness Path. Notwithstanding anything contained in this Agreement, Re- <br />identified Data shall not contain any information that identifies or can be reasonably used <br />to identify an individual person or their financial data. <br />ARTICLE 2 <br />FEES AND EXPENSES <br />2.1 Fees. Fees for the Recordkeeping Services shall be as set forth in Exhibit C <br />attached hereto. Upon expiration of the Fee Commitment Period, as defined in Section <br />2.4, LRSC may update the fees set forth in Exhibit C by amending Exhibit C as set forth <br />in Section 4.13. <br />Employer agrees that its agreements with LFGTC will provide for the payment of such <br />fees from Plan assets. In the event Employer terminates this Service Agreement on a <br />non -quarter end date, the fees will be prorated and assessed on the date the assets are <br />distributed from the Program. <br />Indian River County BOCC 457(b) INDR-001 <br />1423269 Page 9 of 20 <br />
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