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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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E. The Plan Sponsor acknowledges that it has received all information about compensation paid <br />to Nationwide as the Plan Sponsor has reasonably requested and has determined that the total <br />amount of compensation paid to Nationwide as described in this Section 4 is reasonable and <br />appropriate for the services provided. <br />F. To the extent offered under the Plan, in addition to the above described fees, Nationwide <br />shall also receive fees with respect to a participant's use of participant loan administration, <br />the Self -Directed Brokerage Account ("SDBA"), and Nationwide's managed account service <br />("ProAccount") as follows: <br />1) Loans- If requested by the Plan Sponsor and permitted under the terms of the <br />Plan, Nationwide will assist the Plan Sponsor in processing participant loan <br />requests pursuant to participant loan administrative procedures approved by the <br />Plan Sponsor and Nationwide. All participant loan fees are governed by <br />Nationwide's Plan Loan Procedures document, a copy of which has been <br />provided to the Plan Sponsor. <br />2) Self -Directed Brokerage Account (SDBA) — The Plan offers an SDBA investment <br />option for qualifying participants in the Plan. Initial and annual administrative fees <br />may be charged as outlined in the separate fee agreement for the SDBA that will be <br />provided to each participant by the SDBA provider. <br />3) Managed account services (Nationwide ProAccount) - Managed account services are <br />offered by Nationwide Investment Advisors ("NIA"), an affiliate of Nationwide, and <br />the Plan Sponsor must execute a separate agreement with NIA if the Plan Sponsor <br />wants to add ProAccount to the Plan. Only participants who choose to utilize <br />Nationwide's ProAccount managed account service are assessed fees. Such fees are <br />authorized in a separate ProAccount agreement between the participant and NIA, and are <br />assessed pursuant to the terms and conditions of such agreement. <br />Fees related to participant loans, the SDBA and Nationwide ProAccount are in addition to <br />the Compensation Requirement for Administrative Services as provided in this Agreement. <br />G. Plan Sponsor may request Nationwide and/or its affiliates to provide additional services not <br />described in this Agreement by making such a request in writing, which Nationwide may <br />decide to perform for compensation to be negotiated by the parties prior to the <br />commencement of the additional services. <br />5. INVESTMENT OPTIONS <br />Nationwide agrees to accept contributions to the Plan for investment in the investment options <br />selected for the Plan by the Plan Sponsor or other responsible plan fiduciary in its sole discretion <br />and agreed to by Nationwide. <br />Plan Sponsor agrees to accept the terms and conditions of the annuity contracts, mutual funds, and <br />any other investment products selected for the Plan after being provided with a copy of same. <br />6. ADMINISTRATION SERVICES <br />A. PLAN DOCUMENTS <br />-3- <br />
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