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2022-206
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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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ADMINISTRATIVE SERVICES AGREEMENT FOR THE GOVERNMENTAL 457(b) <br />DEFERRED COMPENSATION PLAN OF INDIAN RIVER COUNTY <br />This Administrative Services Agreement ("Agreement") is effective on the date written below by <br />and between Nationwide Retirement Solutions, Inc., a Delaware corporation and an affiliate and subsidiary <br />of Nationwide Financial Services, Inc. (collectively referred to as "Nationwide"), and Indian River County, <br />the Plan Sponsor (hereinafter "Plan Sponsor"). <br />WHEREAS, Plan Sponsor, pursuant to and in compliance with the Internal Revenue Code of 1986, <br />as amended (hereinafter referred to as the "Code"), established and sponsors a Section 457(b) Plan <br />(hereinafter the "Plan"); <br />WHEREAS, Plan Sponsor has adopted and established for itself, its employees, and any special <br />districts governed by the Indian River Board of County Commissioners, the Tax Collector, the Clerk of <br />Courts, the Property Appraiser, the Supervisor of Elections and their respective employees a deferred <br />compensation program, <br />WHEREAS, the Plan Sponsor desires to have Nationwide perform the non -discretionary <br />recordkeeping and administrative services for the Plan described in this Agreement (hereinafter referred to <br />as "Administrative Services"); and <br />WHEREAS, Nationwide desires to provide such Administrative Services subject to the terms and <br />conditions set forth in this Agreement. <br />NOW THEREFORE, Nationwide and Plan Sponsor desire to enter into this Agreement and abide <br />by the terms therein. <br />1. DESIGNATION <br />Plan Sponsor designates Nationwide as Plan Sponsor's non -discretionary provider of <br />Administrative Services for the Plan in accordance with the terms of this Agreement. <br />2. APPOINTMENTS AND RESPONSIBILITIES <br />Plan Sponsor: <br />Plan Sponsor is responsible for maintaining the Plan and for maintaining the tax -qualified status of <br />the Plan. Plan Sponsor represents and warrants that the Plan has been properly adopted and <br />established in accordance with any applicable state or local laws or regulations governing the Plan <br />Sponsor's ability to sponsor the Plan. Plan Sponsor warrants that the Plan was established, and will <br />be maintained by Plan Sponsor, in accordance with the provisions of Section 457(b) of the Code. <br />Plan Sponsor further acknowledges and agrees the Plan Sponsor is an eligible governmental <br />employer as defined by Section 457(e)(1)(A) of the Code. <br />Plan Sponsor hereby appoints Nationwide to act as the Plan Sponsor's provider of Administrative <br />Services for the Plan. Any duties or services not specifically described herein as being provided by <br />Nationwide are the responsibility of the Plan Sponsor, unless specifically delegated to Nationwide <br />in the Plan document. <br />1! <br />
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