Direct and Indirect Compensation. This Schedule describes compensation received by the Custodian for services rendered to the Plan and Plan participants, including fees and revenue derived from both direct and indirect sources. Direct Compensation includes compensation paid directly by Plan Sponsor or the Plan to the Custodian for plan recordkeeping and administrative services including certain transaction fees that are charged directly to participant accounts. Indirect Compensation includes compensation from sources other than direct fees that the Custodian may collect from third parties, including revenue derived from service arrangements with mutual funds, revenue sharing and other indirect compensation that may be generated in servicing the Plan.
Direct and Indirect Compensation. This Schedule describes compensation received by the Contractor for services rendered to the Plan and Plan participants, including fees and revenue derived from both direct and indirect sources. Direct Compensation includes compensation paid directly by Plan Sponsor or the Plan to the Contractor for plan recordkeeping and administrative services including certain transaction fees that are charged directly to participant accounts. Indirect Compensation includes compensation from sources other than direct fees that the Contractor may collect from third parties, including revenue derived from service arrangements with mutual funds, revenue sharing and other indirect compensation that may be generated in servicing the Plan. Based on the assumptions and funds selected by the City at the time of entering into this agreement, Voya agrees that it will not retain any such indirect compensation and shall fully credit the Plan to the extent it receives such indirect compensation from funds selected by the Plan.
