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2022-206
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Last modified
10/31/2022 2:46:54 PM
Creation date
10/31/2022 2:39:31 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
First Amendment
Approved Date
10/11/2022
Control Number
2022-206
Agenda Item Number
8.D.
Entity Name
Nationwide Retirement Solutions, Inc. Corporation
Subject
First Amendment for recordkeeping services for Assets, termination of the ProAccount
Application for Group Flexible Purchase Payment Deferred Fixed Annuity Contract.
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Nationwide will create and maintain a website for and on behalf of the Plan Sponsor for the <br />use of its participants. Participants may access the website via the internet at <br />www.nrsforu.com to review and make changes to their accounts. The website is the <br />exclusive property of Nationwide. <br />The website is available twenty-four (24) hours a day, except for routine maintenance of <br />the system. <br />B. INTERACTIVE VOICE RESPONSE SYSTEM <br />Nationwide shall provide an interactive voice response (IVR) toll free telephone number, <br />which shall be operative twenty-four (24) hours per day, seven (7) days per week, except for <br />routine maintenance of the system. <br />Nationwide shall provide a system that allows Participants to conduct routine plan <br />transactions and obtain account balance information through the IVR. <br />The Plan Sponsor authorizes Nationwide to honor participant instructions, which may be <br />submitted using the toll-free number, either through the IVR or a live representative. <br />C. CUSTOMER SERVICE <br />Nationwide's customer service representatives will be available toll-free to answer <br />participant questions and process applicable transactions between the hours of 8:00 a.m. and <br />11:00 p.m. Eastern Time each Monday through Friday, and between the hours of 9:00 a.m. <br />and 6:00 p.m. Eastern Time each Saturday, with the exception of certain holidays as dictated <br />by the New York Stock Exchange holiday trading schedule. <br />8. TERMINATION <br />Either the Plan Sponsor or Nationwide may terminate this Agreement for any reason upon <br />providing one -hundred and twenty (120) days written notice to the other party. Provision of such <br />written notice of termination by Plan Sponsor to Nationwide does not relieve the Plan Sponsor of <br />any termination requirements that may be associated with specific investment options, nor does it <br />relieve Plan Sponsor of any termination requirements associated with those investment options. <br />Plan Sponsor further acknowledges and agrees that the Plan is responsible for any investment <br />product liquidation fees, if applicable, and that neither Nationwide nor any of its affiliates assumes <br />liability for any such fees. <br />Upon the effective date of termination of this Agreement the following shall occur: <br />A. Nationwide will no longer accept contributions to the Plan except by mutual agreement of <br />the parties. <br />B. Nationwide will: <br />1) Provide Plan Sponsor, or such other entity as the Plan Sponsor may designate in <br />writing, with a copy of all participant records in an electronic format as mutually agreed <br />upon between Nationwide and Plan Sponsor, within sixty (60) days after the effective <br />date of the termination. <br />-9- <br />
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