Loading...
ICMA Retirement Corporation - FY2020-044 ADMINISTRATIVE SERVICES AGREEMENT Between ICMA Retirement Corporation and City of Rancho Palos Verdes Type VantageCare RHS Account Number 803392 Plan# 803392 ADMINISTRATIVE SERVICES AGREEMENT This Agreement, made as of the 31 day of 001b00Y , 20 11 (herein referred to as the "Inception Date"), between The International City Management Association Retirement Corporation ("ICMA-RC"), a nonprofit corporation organized and existing under the laws of the State of Delaware, and the City of Rancho Palos Verdes ("Employer") a local governmental instrumentality organized and existing under the laws of the State of California with an office at 30940 Hawthorne Boulevard, Rancho Palos Verdes, California 90275 RECITALS Employer acts as a public plan sponsor for a retiree health plan with responsibility to obtain investment alternatives and services for employees participating in that plan, Employer desires to make the VantageCare Retirement Health Savings("RHS")Program provided by ICMA-RC available to its employees through the Employer's integral part trust ("Trust") and the Employer's welfare benefits plan ("Plan"), ICMA-RC, or its wholly owned subsidiary, acts as investment adviser to VantageTrust Company, LLC ("VTC"), the Trustee of VantageTrust II Multiple Collective Investment Funds Trust ("VantageTrust II), VantageTrust II is a group trust established and maintained in accordance with New Hampshire Revised Statutes Annotated section 391 1 and Internal Revenue Service Revenue Rulings 81-100 and 2011-1, which provides for the collective investment and reinvestment of assets of certain tax- exempt, governmental pension and profit sharing plans, and retiree welfare plans, and other eligible investors, VTC, a wholly owned subsidiary of ICMA-RC, makes a series of separate funds (the "VT II Funds") available through VantageTrust II for the investment of plan assets as referenced in VantageTrust II's Declaration of Trust and Disclosure Memorandum ("Disclosure Matenals"), The VT II Funds are available only through adoption of VantageTrust II, and ICMA-RC provides a complete offering of services to public employers for the operation of employee retirement and retiree health savings plans including,but not limited to, communications concerning investment alternatives,account maintenance, account record-keeping, investment and tax reporting, form processing, and benefit disbursement - 2 - Plan # 803392 AGREEMENTS 1 Acceptance of RHS Program Employer agrees to make the RHS Program provided by ICMA-RC available to its employees The details of the RHS Program shall be as mutually agreed between the Employer and ICMA- RC, and in general shall be as set forth in the RHS Program materials developed by ICMA-RC and provided to Employer The RHS Program materials are hereby incorporated by reference and made a part of this Agreement, except that Employer and ICMA-RC may from time to time mutually agree in wasting to terms that vary from the RHS Program materials RHS Program materials shall include the VantageCare RHS Employer Manual, available electronically through the EZ Link System upon adoption of the RHS Program The functions to be performed by ICMA-RC and its agents include (a) allocation in accordance with participant direction of individual accounts to investment funds ("Funds") made available to Plan participants, (b) maintenance of individual accounts for participants reflecting amounts contributed, income, gain, or loss credited, and amounts disbursed as benefits, (c) provision of periodic reports to the Employer and participants of the status of Plan investments and individual accounts, (d) communication to participants of information regarding their rights and elections under the Plan, (e) disbursement of benefits as agent for the Employer in accordance with terms of the Plan, and (f) performance of tax withholding and reporting in conjunction with the Employer for each RHS account 2 Employer Duty to Furnish Information Employer agrees to furnish to ICMA-RC on a timely basis such information as is necessary for ICMA-RC to carry out its responsibilities with respect to the Plan, including information needed to allocate individual participant accounts to Funds, and information as to the benefit eligibility and employment status of participants, and participants' ages, addresses, dependents, spouses and other identifying information (including tax identification numbers) Employer also agrees that it will notify ICMA-RC in a timely manner regarding changes in staff as it relates to various roles This is to be completed through the online EZLink employer contact options ICMA-RC shall be entitled to rely upon the accuracy of any information that is furnished to it by a responsible official of the Employer or any information relating to an individual participant, spouse or dependent that is furnished by such participant, spouse or dependent, and ICMA-RC shall not be responsible for - 3 - Plan# 803392 any error arising from its reliance on such information ICMA-RC will provide reports, statements and account information to the Employer through EZLink, the online plan administrative tool To the extent Employer selects third-party funds that do not have fund profile information provided to ICMA-RC through our electronic data feeds from external sources (such as Morningstar) or third party fund providers, the Employer is responsible for providing to ICMA- RC timely fund investment updates for disclosure to Plan participants Such updates may be provided to ICMA-RC through the Employer's investment consultant or other designated representative 3 ICMA-RC Representations and Warranties ICMA-RC represents and warrants to Employer that (a) ICMA-RC is a non-profit corporation with full power and authority to enter into this Agreement and to perform its obligations under this Agreement (b) ICMA-RC is an investment adviser registered as such with the Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended (c) ICMA-RC will handle participant information in the manner described in the Business Associate Agreement to be executed between the Plan and ICMA-RC, a form of which is provided as Exhibit A to this Agreement 4 Employer Representations and Warranties Employer represents and warrants to ICMA-RC that (a) Employer is organized in the form and manner recited in the opening paragraph of this Agreement with full power and authority to enter into and perform its obligations under this Agreement and to act for the Plan and participants in the manner contemplated in this Agreement Execution, delivery, and performance of this Agreement will not conflict with any law, rule, regulation or contract by which the Employer is bound or to which it is a party (b) Information required to be retained by the Employer shall be set forth in the RHS Program materials developed by ICMA-RC and provided to the Employer (c) Employer is required to send in contributions through EZLink, the online plan administration tool provided by ICMA-RC (d) Employer is responsible for determining that there are no state or local laws that would prohibit it from establishing the RHS Program Employer is also responsible for determining that the investments selected for the Plan fall within state or local requirements ICMA-RC shall not be responsible for monitoring state or local law or for - 4 - Plan# 803392 administering the Plan in compliance with local or state requirements unless Employer notifies ICMA-RC of any such local or state requirements (e) Employer acknowledges that the RHS Plan is a "health plan" for Health Insurance Portability and Accountability Act("HIPAA") purposes and therefore is subject to HIPAA privacy rules Employer also acknowledges that the RHS Plan is a Health Reimbursement Arrangement, subject to applicable provisions of the Affordable Care Act ("ACA") An employer sponsoring the Plan is responsible for complying with the HIPAA privacy and security rules with respect to all protected health information created,maintained,received, or transmitted in relation to the Plan and is responsible for complying with the ACA (f) Employer acknowledges that certain such services to be performed by ICMA-RC under this Agreement may be performed by an affiliate or agent of ICMA-RC pursuant to one or more other contractual arrangements or relationships, and that ICMA-RC reserves the right to change vendors with which it has contracted to provide services in connection with this Agreement without prior notice to Employer (g) Employer acknowledges and agrees that ICMA-RC does not assume any responsibility with respect to the selection or retention of the Plan's investment options Employer shall have exclusive responsibility for the selection and retention of the Plan's investment options, including the selection of the applicable mutual fund share class 5 Participation in Certain Proceedings The Employer hereby authonzes ICMA-RC to act as agent, to appear on its behalf, and to join the Employer as a necessary party in all legal proceedings regarding the Plan involving the garnishment of benefits or the transfer of benefits pursuant to a medical child support order Unless Employer notifies ICMA-RC otherwise, Employer authonzes ICMA-RC to determine whether disbursement of benefits to a spouse or child pursuant to a medical child support order is appropriate 6 Compensation and Payment Absent an explicit agreement to the contrary between ICMA-RC and Employer, participant fees and expenses shall be payable from RHS assets, in accordance with the requirements of the RHS Program as set forth below (a) Services provided by ICMA-RC—Revenue Requirement i For RHS assets in the VT II Funds, asset-based fees will be included in the daily unit value of each VT II Fund ii For assets in Funds other than the VT II Funds, an annual asset fee of 0 55% (55 basis points) will be charged against participant accounts on a monthly basis Monthly charges are based on the average balance for the - 5 - Plan # 803392 previous month (b) Other service providers and other expenses of the plan Plan participant accounts shall be assessed an asset-based fee("Participant Fee") to cover costs associated with the Plans as directed by the City The City shall work with ICMA- RC to determine the appropriate amount of the gross asset-based fee to be charged to participant accounts, which may be increased or decreased from time to time at the direction of the City At the inception of this contract the Participant Fee shall be 0 15% (15 basis points) (c) Administrative Allowance Account Amounts collected through the Participant Fee described in Section 6(b) shall be held in an Administrative Allowance Account (that is maintained as a Plan asset by ICMA-RC) City understands that the Plan administrative allowance is to be used only to pay for reasonable plan administrative expenses of the Plan or allocated to Plan participants at the instruction of the City (d) Asset-based fees and the annual account administration fee are subject to change, after the expiration of the initial contract term as set forth in Section 10 (a), with appropriate prior notification as provided in section 11(b) (e) Compensation for Advisory and other Services to VT III Vantagepoint Funds and Payments from Third-Party Mutual Funds City acknowledges that ICMA- RC, including certain of its wholly owned subsidiaries, receives compensation for advisory and other services furnished to the VT III Vantagepoint Funds, which are collective funds serving as the underlying funds to certain VT II Funds In addition, to the extent that third party mutual funds are included in the investment line-up for the RHS Plan, ICMA-RC receives administrative fees from its third party mutual fund settlement and clearing agent for providing administrative and other services based on assets invested in third-party mutual funds, such administrative fees come from payments made by third-party mutual funds to the settlement and clearing agent 7 Contribution Remittance Employer understands that amounts contributed to the Plan are to be remitted directly to Vantagepoint Transfer Agents in accordance with instructions provided to Employer in the RHS Program materials and are not to be remitted to ICMA-RC In the event that any check or wire transfer is incorrectly labeled or transferred, ICMA-RC will return it to Employer with proper instructions 8 Responsibility (a) ICMA-RC shall not be responsible for any acts or omissions of any person with respect to the Plan, or its related Trust, other than ICMA-RC in connection with the administration - 6 - Plan# 803392 or operation of the Plan or its related Trust (b) The Employer understands that, as a general matter, the Internal Revenue Service ("IRS") may decline to rule on certain design features or provisions that the Employer may request to have added to the RHS Program materials The Employer agrees to hold ICMA-RC harmless in connection with the addition and administration of any Plan feature or provision requested by the Employer for which the IRS will not provide express interpretive guidance 9 Indemnification Employer shall indemnify ICMA-RC against,and hold ICMA-RC harmless from, any and all loss, damage, penalty, liability, cost, and expense, including without limitation, reasonable attorney's fees,that may be incurred by,imposed upon,or asserted against ICMA-RC by reason of any claim, regulatory proceeding, or litigation arising from any act done or omitted to be done by any individual or person with respect to the Plan or its related Trust, excepting only any and all loss, damage, penalty, liability, cost or expense resulting from ICMA-RC's negligence, bad faith, or willful misconduct 10 Term This Agreement shall be in effect for an initial term beginning on the Inception Date and ending 3 years after the Inception Date This Agreement will be renewed automatically for each succeeding year unless written notice of termination is provided by either party to the other no less than 60 days before the end of such Agreement year The Employer understands and acknowledges that, in the event the Employer terminates this Agreement (or replaces the Vantagepoint PLUS Fund, offered by VantageTrust II, as an investment option in its investment line-up), ICMA-RC retains full discretion to release Plan assets invested in the Vantagepoint PLUS Fund in an orderly manner over a period of up to 12 months from the date ICMA-RC receives written notification from the Employer that it has made a final and binding selection of a replacement for ICMA-RC as administrator of the Plan (or a replacement investment option for the Vantagepoint PLUS Fund) 11 Amendments and Adjustments (a) This Agreement may be amended by wntten instrument signed by the parties (b) The parties agree that only an adjustment to compensation or administrative and operational services under this Agreement may be implemented by ICMA-RC through a proposal to the Employer via correspondence or the Employer Bulletin The Employer will be given at least 60 days to review the proposal before the effective date of the adjustment Such adjustment shall become effective unless, within the 60-day period, the Employer notifies ICMA-RC in writing that it does not accept such adjustment, in which event the parties will negotiate with respect to the adjustment (c) No failure to exercise and no delay in exercising any nght, remedy, power or privilege - 7 - Plan# 803392 hereunder shall operate as a waiver of such right, remedy, power or privilege 12 Notices All notices required to be delivered under this Agreement shall be delivered electronically, personally or by registered or certified mail, postage prepaid, return receipt requested, to (i) Legal Department, ICMA Retirement Corporation, 777 North Capitol Street, N E , Suite 600, Washington, D C, 20002-4240, (ii) Employer at the office set forth in the first paragraph hereof, or to any other address designated by the party to receive the same by written notice similarly given 13 Complete Agreement This Agreement, with an executed Business Associate Agreement, shall constitute the sole agreement between ICMA-RC and Employer relating to the object of this Agreement and correctly sets forth the complete rights, duties and obligations of each party to the other as of its date Any prior agreements, promises, negotiations or representations, verbal or otherwise, not expressly set forth in this Agreement are of no force and effect 14 Governing Law This agreement shall be governed by and construed in accordance with the laws of the State of California applicable to contracts made in that jurisdiction without reference to its conflicts of laws provisions - 8 - Plan # 803392 In Witness Whereof,the parties hereto have executed this Agreement as of the Inception Date first above wntten CITY OF RANCHO PALOS VERDES B J' \ A. gna e/Date By Jerry PANIC, Mayan Name and Title (Please Pnnt) INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION By �Gl Thomas McAndrews Assistant Secretary Please return an executed copy of the Agreement either (a)Electronically to PlanAdoptionServices(a)icmarc orq,or (b) In paper form to ICMA-RC ATTN PLAN ADOPTION SERVICES 777 North Capitol Street NE Suite 600 Washington DC 20002-4240 - 9 - Exhibit A RHS HIPAA BUSINESS ASSOCIATE AGREEMENT FOR [PLAN NUMBER(S)] This Business Associate Agreement ("BA Agreement") supplements and is made part of the Administrative Services Agreement entered into between City of Rancho Palos Verdes on behalf of plan numbers 803392 ("Covered Entity" or City of Rancho Palos Verdes RHS and ICMA-RC ("Business Associate") on IDISI/1°l , and is effective as of the effective date of the Administrative Services Agreement (the "Effective Date") RECITALS Covered Entity is a group health plan that reimburses medical expenses for eligible participants, their spouses, and their dependents Under the Health Information Portability and Accountability Act of 1996 ("HIPAA"), Covered Entity is required to enter into this BA Agreement to obtain satisfactory assurances that Business Associate will appropriately safeguard all Protected Health Information ("PHI"), as defined herein, that is created, maintained, received, or transmitted by Business Associate on behalf of Covered Entity Business Associate is a record keeper providing administrative services to Covered Entity In general, Business Associate will not have access to information that would traditionally be considered PHI because participant medical information used to substantiate reimbursements is sent directly to and reviewed by a third-party claims processor The third-party claims processor has agreed to protect PHI that it creates, maintains, receives, or transmits in a manner that is consistent with and as stringent as the terms agreed to by Business Associate under this BA Agreement with respect to information that could be considered PHI Business Associate has access to information that might be interpreted as PHI, including an individual's participation in the plan, reimbursement amounts, and the timing of reimbursements In consideration of the mutual promises below and the exchange of information pursuant to this BA Agreement and in order to comply with all legal requirements for the protection of this information, Covered Entity and Business Associate agree as follows 1 DEFINITIONS a The following terms used in this BA Agreement shall have the same meaning as those terms are defined in the HIPAA Rules Breach, Data Aggregations, Designated Record Set, Disclosure, Health Care Operations, Minimum Necessary, Notice of Privacy Practices, Secretary, Security Incident, Subcontractor, Unsecured Protected Health Information, and Use b "Administrative Services Agreement" refers to a separate agreement outlining the services ICMA-RC will provide to Covered Entity and the terms and conditions governing the provision of such services The Administrative Services Agreement is made between ICMA-RC and City of Rancho Palos Verdes RHS or its sponsor, acting on behalf of City of Rancho Palos Verdes RHS Plan# 803392 c "Business Associate" shall have the same meaning as the term "business associate" at 45 CFR 160 103, and in reference to this BA Agreement shall mean ICMA-RC d "Covered Entity" shall have the same meaning as the term "covered entity" at 45 CFR 160 103, and in reference this BA Agreement, shall mean City of Rancho Palos Verdes RHS e "HIPAA Rules" shall mean the Privacy, Security, Breach Notification, and Enforcement Rules at 45 CFR Part 160 and Part 164 f "Privacy Rule" shall mean the Privacy Standards and Implementation Specifications at 45 CFR 170 and 164, Subparts A and E g "Protected Health Information" ("PHI") shall have the same meaning as the term "protected health information" in 45 CFR § 160 103, limited to the information created, received, maintained, or transmitted by Business Associate from or on behalf of Covered Entity pursuant to this Agreement h "Security Rule" shall mean the Security Standards and Implementation Specifications at 45 CFR Parts 160 and 164, Subparts A and C 2 OBLIGATIONS AND ACTIVITIES OF BUSINESS ASSOCIATE Business Associate agrees to a Not Use or Disclose PHI other than as permitted or required by this BA Agreement or as required by law b Use appropriate safeguards to prevent Use or Disclosure of PHI other than as provided for by this BA Agreement, and comply with subpart C of 45 CFR Part 164 with respect to electronic PHI in Business Associate's custody or control, to prevent Use or Disclosure of PHI other than as provided for by this BA Agreement c Report to Covered Entity any Use or Disclosure of PHI not provided for by the BA Agreement of which it becomes aware not more than 60 calendar days after Business Associate discovers such non-permitted Use or Disclosure, including Breaches of Unsecured PHI as required at 45 CFR 164 410, and any Security Incident for which it becomes aware d In accordance with 45 CFR 164 502(e)(1)(ii) and 164 308(b)(2), if applicable, ensure that any Subcontractors that create, receive, maintain, or transmit PHI on behalf of the Business Associate agree to the same restrictions, conditions, and requirements that apply to the Business Associate with respect to such information e Make available, within 30 calendar days of the request of Covered Entity, PHI in a Designated Record Set in Business Associate's custody or control, to - 11 - Plan # 803392 Covered Entity, or as Directed by Covered Entity, to an individual, so that Covered Entity may meet its access obligations under 45 CFR § 164 524 f Make any amendment(s) to PHI in a Designated Record Set in Business Associate's custody or control as directed in writing by the Covered Entity pursuant to 45 CFR 164 526 no later than 60 days after receipt of such request, so that Covered Entity may meet its amendment obligations under 45 CFR 164 526 g Maintain and make available the information required to provide an accounting of Disclosures to the Covered Entity as requested by Covered Entity in writing and as necessary to satisfy the Covered Entity's obligations under 45 CFR 164 528 h Make its internal practices, books, and records, available to the Secretary for purposes of determining compliance with the HIPAA Rules i Not directly or indirectly receive remuneration in exchange of PHI j Comply with the administrative simplification rules applicable to standard transactions, if Business Associate conducts such transactions under the electronic data interchange rules on behalf of Covered Entity k To the extent the parties agree that Business Associate will carry out directly one or more of Covered Entity's obligations under the Privacy Rule, the Business Associate will comply with the requirements of the Privacy Rule that apply to the Covered Entity in the performance of such obligations 3 PERMITTED USES AND DISCLOSURES BY BUSINESS ASSOCIATE a Business Associate may only Use or Disclose PHI as necessary to perform the services set forth in the Administrative Services Agreement and as permitted by this BA Agreement b Business Associate may Use or Disclose PHI as required by law or to report violations of law to appropriate Federal and State authorities, consistent with 45 CFR 164 5020)(i) c Except as otherwise limited by this BA Agreement, Business Associate agrees to make Uses and Disclosures and requests for PHI consistent with the Covered Entity's Minimum Necessary policies and procedures when such are provided by the Covered Entity to Business Associate d Business Associate is authorized to de-identify information in accordance with 45 CFR 164 514(a)-(c) e Business Associate may not Use or Disclose PHI in a manner that would violate Subpart E of 45 CFR Part 164 if done by Covered Entity, except for the specific Uses and Disclosures set forth below - 12 - Plan# 803392 f Business Associate may Use PHI for the proper management and administration of the Business Associate or to carry out the legal responsibilities of the Business Associate g Business Associate may provide Data Aggregation services relating to the Health Care Operations of the Covered Entity 4 OBLIGATIONS AND ACTIVITIES OF COVERED ENTITY a Covered Entity shall notify Business Associate of any limitations in the Notice of Privacy Practices that Covered Entity provides to individuals pursuant to 45 CFR 164 520, to the extent that such limitation may affect Business Associate's Use or Disclosure of PHI b Covered Entity shall notify Business Associate of any changes in, or revocation of, the permission by an individual to Use or Disclose his or her PHI, to the extent that such changes may affect Business Associate's Use or Disclosure of PHI c Covered Entity shall notify Business Associate of any restrictions on the Use or Disclosure of PHI that Covered Entity has agreed to or is required to abide by under 45 CFR 164 522, to the extent that such restriction may affect Business Associate's Use or Disclosure of PHI d Covered Entity shall not request Business Associate to Use or Disclose PHI in any manner that would not be permissible under Subpart E of 45 CFR Part 164 if done by Covered Entity, except to the extent that Business Associate will Use or Disclose PHI for Data Aggregation or management and administration and legal responsibilities of the Business Associate e Covered Entity shall notify Business Associate of any confidential communication requests with which the Covered Entity has agreed to in accordance with 45 CFR 164 522, to the extent such requests would affect Business Associate's Use or Disclosure of PHI 5 TERM AND TERMINATION a This BA Agreement shall be effective as of the Effective Date, and shall terminate upon the termination of the Administrative Services Agreement, subject to the provisions below regarding the return or destruction of PHI b Business Associate authorizes termination of this BA Agreement by Covered Entity, if Covered Entity determines Business Associate has violated a material term of the BA Agreement, and Business Associate has not cured the Breach or ended the violation, following written notice to the Business Associate, within a reasonable period of time not to exceed any reasonable cure period defined in the Administrative Services Agreement - 13 - Plan# 803392 c Upon termination of this BA Agreement for any reason, Business Associate, with respect to PHI Received from Covered Entity, or created, maintained, or received from Business Associate on behalf of Covered Entity, shall I Retain only that PHI which is necessary for Business Associate to continue its proper management and administration or to carry out its legal responsibilities, ii Return to Covered Entity or, if agreed to by Covered Entity, destroy the remaining PHI that the Business Associate still maintains in any form, iii Continue to use appropriate safeguards and comply with Subpart C of 45 CFR Part 164 with respect to electronic PHI to prevent Use or Disclosure of the PHI, other than as provided for in this Section, for as long as Business Associate retains PHI, iv Not Use or Disclose the PHI retained by Business Associate other than for the purposes for which such PHI was retained and subject to the same conditions set out at Paragraph 3(f), v Return to Covered Entity or, if agreed to Covered Entity, destroy the PHI retained by Business Associate when it is no longer needed by Business Associate for its proper management and administration or to carry out its legal responsibilities, vi Notwithstanding any other provision of this BA Agreement, upon termination, Business Associate may also transmit PHI to another Business Associate of the Covered Entity upon the written request of the Covered Entity d The obligations of Business Associate under Section 5, Term and Termination, shall survive the termination of this BA Agreement 6 GENERAL PROVISIONS a A reference in this BA Agreement to a section in the HIPAA Rules means the section as in effect or amended b The parties agree to take such action as is necessary to amend this BA Agreement from time to time as is necessary for compliance with the requirements of the HIPAA Rules and any other applicable laws c Any ambiguity in this BA Agreement shall be interpreted to permit compliance with the HIPAA rules d Nothing in this BA Agreement shall be construed as creating any rights or benefits to any third parties e The invalidity and unenforceability of any provision of this BA Agreement shall not affect the enforceability of any other provision of this BA Agreement or the Administrative Services Agreement, which shall remain in full force and effect - 14 - Plan# 803392 f All notices and communications required by this BA Agreement shall be in writing Such notices and communications shall be given in one of the following forms (i) by delivery in person, (ii) by a nationally-recognized, next- day courier service, (iii) by first-class, registered or certified mail, postage prepaid, or (iv) by electronic mail to the address that each party specifies in writing g This BA Agreement and the Administrative Services Agreement constitute the entire agreement between the parties with respect to its subject matter and constitute and supersede all prior agreements, representations, and understandings of the parties, written or oral, with regard to the same subject matter CITY OF RANCHO PALOS VERDES RHS By 14 V t/ ttL Signature Do IN►Ilm _ Q n NNaffle and Title (Please Print) \ --Del Date INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION By % i . Thomas Mc' •• -ws Assistant Secretary Please return an executed copy of the Agreement either (a)Electronically to PlanAdoptionServices@icmarc orq,or (b)In paper form to ICMA-RC ATTN PLAN ADOPTION SERVICES 777 North Capitol Street NE Suite 600 Washington DC 20002-4240 - 15 -