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2022-205
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Last modified
10/31/2022 12:37:01 PM
Creation date
10/31/2022 12:34:57 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/11/2022
Control Number
2022-205
Agenda Item Number
8.C.
Entity Name
Morningstar Investment Management LLC
Subject
Investment Advisory Services Agreement
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retain some or all of the Participant's Non -Restricted Company Stock, or the Participant <br />may direct Morningstar to sell the Non -Restricted Company Stock according to a <br />methodology determined by Morningstar. If a Participant directs Morningstar to sell Non - <br />Restricted Company Stock, Morningstar will send a transaction instructing the Provider to <br />sell 25% the Participant's Non -Restricted Company Stock upon the Participant completing <br />a web session or upon Morningstar's quarterly review of the Participant's account. All of <br />the Participant's Non -Restricted Company Stock will be sold if the Non -Restricted <br />Company Stock balance reaches $3,000 or 3% of the Participant's account balance, or if <br />directed to do so by the Participant. Morningstar's methodology will also result in the sale <br />of any future contributions of Non -Restricted Company Stock that are allocated <br />automatically to the Participant's account(s). Participant has the ability to instead restrict <br />the sale of their Non -Restricted Company Stock. <br />VII. Brokerage Windows <br />Participants may receive the Advisory Services if Participants are partially invested within <br />their respective Plan in a self-directed brokerage account, mutual fund window, or other <br />similar investment vehicles (collectively "Brokerage Windows") that cannot feasibly be <br />administered in a managed account. However, Morningstar will only have discretion over <br />that portion of the Participant's Plan account balance invested outside of the Brokerage <br />Window. Plan Sponsor and Morningstar will jointly ensure that this limitation is <br />communicated to the Participant. Morningstar shall address this limitation in any written <br />materials discussing the Advisory Services and Plan Sponsor shall ensure that such written <br />materials are provided to Participants, as necessary. <br />VIII. Source Restrictions <br />Plans that have source restrictions where different investment options are assigned for <br />different money sources cannot be used in conjunction with the Advisory Services. <br />Non -ERISA July 2021 <br />
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