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EXHIBIT C <br />Indian River County BOCC Deferred Compensation Plan for Public Employees 457 <br />Governmental Plan and Trust <br />Recordkeeping Services <br />Fee Type <br />Annual Fee Amount <br />Quarterly Fee Amount <br />Asset based <br />0.1300% <br />0.0325% <br />Fee Detail <br />The fees for Recordkeeping Services described above will be calculated quarterly based <br />on the averages of the opening and closing balances of each calendar quarter. Upon <br />completing the calculation at the annualized rate, LRSC will divide by 4 to arrive at the fee <br />for the current quarter. <br />To the extent there is revenue earned on Investments in the Program for the Plan, LRSC <br />will offset the Recordkeeping Services Fee by such revenue. A description of revenue <br />received by LRSC is described in Exhibit A. If such revenue exceeds the fee the excess <br />shall be placed in a plan expense account, see Section 2.3. <br />If such revenue is insufficient to offset the fee completely, the Plan shall pay the remaining <br />balance due pro rata from participant accounts. LRSC is, hereby authorized to direct <br />LFGTC to liquidate any assets of the Plan as is necessary to cover such expenses. <br />Plan Expense <br />Annual <br />Annual Cap or Max. <br />Invoiced or Automatic <br />Account <br />Funding <br />Excess <br />N/A <br />N/A <br />Revenue <br />Plan Expense Account Funding Detail <br />LRSC will fund the Plan Expense Account, quarterly in arrears, with any excess revenue <br />after LRSC's fees are paid as described in Section 2.1 and after any other obligation to <br />pay expenses, fees or compensation described above. As authorized by Employer, the <br />Plan Expense Account will be invested in an investment that has an investment objective <br />of capital preservation and liquidity. The Employer hereby agrees that if included as an <br />investment option under the Plan, such investment shall be a group fixed annuity or stable <br />value investment issued by an affiliate of Lincoln. If Employer chooses not to include such <br />investment issued by an affiliate of Lincoln, then the Plan Expense Account will be <br />invested in such other investment option as designated by the Employer. <br />Indian River County BOCC 457(b) INDR-001 <br />1423269 Page 19 of 2107 <br />