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10/11/2022
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10/11/2022
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Last modified
12/12/2022 10:51:24 AM
Creation date
12/12/2022 10:22:39 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
10/11/2022
Meeting Body
Board of County Commissioners
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Reliance on Participants, Etc. <br />The Trustee and TD Ameritrade shall be fully protected in relying upon the directions of the participant <br />with respect to investments and investment related decisions within Participant SDBAs. The Trustee <br />shall not be liable to the participant or any of his or her beneficiaries for any loss resulting from any <br />action taken at the direction of the participant or the Administrator, or other person or entity authorized <br />to give instructions under this Addendum. Neither the Trustee nor TD Ameritrade shall have any <br />investment responsibility with respect to the Participant SDBAs, or any duty to inquire into the directions <br />of the participants, to solicit such directions or to review and follow the investments made pursuant to <br />any such directions. Any such investment direction by a participant shall constitute a representation <br />and warranty that the transaction will not constitute a non-exempt prohibited transaction under the Code <br />and that the investment is authorized under the Agreement, the Plan and any other applicable <br />agreement affecting the participant's investment authority under the Plan. Further, the Trustee and TD <br />Ameritrade shall also be fully protected in relying upon the directions of the Administrator, or other <br />person or entity authorized to give instructions under this Addendum. <br />Costs of Participant SDBAs <br />The costs and expenses of establishing and maintaining Participant SDBAs shall be borne by the <br />respective participants and Participant SDBAs, except to the extent otherwise paid by the Employer or <br />the Trust. TD Ameritrade shall be entitled to the payment of fees for each Participant SDBA, including <br />without limitation as TD Ameritrade's compensation for executing securities transactions, without <br />diminution of the compensation otherwise payable to Trustee under the Agreement. <br />Indian River County BOCC; 457(b) INDR-001 88 <br />RPS00804-AL 15 <br />
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