FEES AND INVESTMENT OPTIONS. The Recordkeeping and Communication Fee shall be 0.085% (8.5 basis points) of the total Plan account balances per annum. This Recordkeeping and Communication Fee shall be paid to the Contractor as instructed by the County in writing and mutually agreed to administratively by the Contractor. Amounts unpaid after 60 days will be first deducted prorata from any unallocated Plan accounts that are eligible to pay Plan expenses, then per capita from Participant accounts, if such Plan account balances are not sufficient to pay the fee. Participant accounts with balances less than the shortfall will be debited for 100% of the balance and become inactive. County may direct the Contractor, in writing, to assess a mutually agreed-upon per-Participant fee, asset fee, or combination fee to Participant account balances. Such fee may be deposited into the Plan Account. Any fees assessed under this paragraph may be adjusted annually as instructed in writing by the County. The fees for Plan loans shall be as defined in the Plan Loan Policies issued by the Plan Administrator and charged to the accounts of participants with loans. The annual fee and miscellaneous costs associated with the Self Directed Brokerage Account (SDBO) shall be defined in the Self-directed Brokerage Policies and Procedures and are charged to the accounts of participants that chose to use this service. County hereby instructs Contractor to a maintenance fee of $5,000 each quarter (i.e. $20,000 per annum) for daily administration of the Stable Value Fund, which shall be deducted proportionately among the funds comprising the Stable Value Fund, based on the Proportionate Percentages defined in the “Stable Value Fund Operating Document”. The Contractor shall collect revenue sharing from investment managers and credit all collected revenue sharing into participant accounts monthly, or on other periodic frequency, as instructed by the County in writing and mutually agreed to administratively by the Contractor. A disclosure report shall be prepared quarterly within forty-five days after each calendar quarter end with an annual reconciliation of amounts received from deducted participant fees and deposited into the administrative account.
FEES AND INVESTMENT OPTIONS. The Contractor agrees to accept the compensation as set forth in “Attachment B”, Fees and Investment Options, identified and incorporated herein by this reference, as full remuneration for (a) performing all Services and furnishing all staffing and materials required, (b) any reasonably unforeseen difficulties which may arise or be encountered in the performance of the Services until acceptance, (c) risks connected with the Services, and (d) performance by the Contractor of all its duties and obligations required herein. The parties acknowledge that participant fees and expenses shall be payable from assets of the HRA plan and that asset-based fees may be included in the daily unit value of the HRA plan’s investments.
FEES AND INVESTMENT OPTIONS. 1. Total Pricing Considerations In accordance with the Plan Document, all administrative fees relating to these services will be borne by the Participants. While it is understood that under the final agreed upon alliance arrangement the Contractor will receive investment management fees and expenses and/or various revenue from outside parties not limited to commissions, reimbursements, sub-transfer agency, 12(b) 1 or broker fees. Any such fees shall be credited by Contractor to Participant accounts and shall provide the County with full and complete disclosure of all costs, fees, and revenue received and any and all financial relationships with third-parties that will be involved, directly or indirectly, in connection with the Plans or the County’s account. Additionally, Contractor will ensure no commissions or any other incentive are provided regarding any service and/or products that are marketed to Participants.
FEES AND INVESTMENT OPTIONS. COMPENSATION/PAYMENT (Complete and submit as Response to Offeror’s Proposal Questionnaire, Proposal Cost/Compensation)
