Changes in Investment Options. To the extent the Contractor’s compensation is derived in whole or in part from revenue from the City’s selection of certain investment products offered by or through the Contractor, the Contractor reserves the right to amend the Agreement, including this Schedule, in the event such revenue is reduced by a change in the investment products or options available under the Plan. The EASE Account is a funding source that can be directed towards the payment of allowable plan administrative expenses or allocated to participant accounts. The annual amount allocated to the EASE Account is directly attributable to The Plan Administrative Fee as directed and willexcludie any outstanding loan balances and/or assets in a Self Directed Brokerage Account, if applicable. Please refer to your separate Expense Account for Service Expenditures Agreement for complete details regarding the administration of this optional account. Changes to the amount allocated to the EASE Account may be made by (i) the City’s submission of such change to the Contractor on such form as Contractor may prescribe from time to time, or (ii) the Contractor by written notice to the City. As your Plan’s administrative service provider, Voya Retirement Insurance and Annuity Company (“VRIAC”) has agreed to process transaction orders received in good order prior to market close from the plan and plan participants accurately and on a timely basis. We seek to avoid transaction processing errors to the greatest extent possible, but inadvertent errors do occur from time to time. Inadvertent processing errors are exclusively defined as incorrect or untimely processing by VRIAC employees of transactions that are received in good order. Inadvertent processing errors do not include errors made by plan sponsors or third parties. VRIAC will correct any identified inadvertent processing error caused by VRIAC (a “VRIAC inadvertent processing error”) as soon as practicable, typically no later than five (5) business days after VRIAC has identified sufficient information to correct the error. VRIAC represents that in no event will VRIAC exercise discretionary authority or control over the correction of inadvertent processing errors in order to maximize gain or correct such error for VRIAC’s own benefit or interest. Once a VRIAC inadvertent processing error has been identified, we promptly take corrective action to put the plan and its participants in a position financially equivalent to the position they would have b...
Changes in Investment Options. To the extent the Custodian’s compensation is derived in whole or in part from revenue from the Board’s selection of certain investment products offered by or through the Custodian, the Custodian reserves the right to amend the Agreement, including this Schedule, in the event such revenue is reduced by a change in the investment products or options available under the Plan.
Changes in Investment Options. To the extent the Trustee’s compensation is derived in whole or in part from revenue from the Board’s selection of certain investment products offered by or through the Trustee, the Trustee reserves the right to amend the Agreement, including this Schedule, in the event such revenue is reduced by a change in the investment products or options available under the Plan.
