Plan Manager. The SLDMWA agrees to perform the obligations of the Plan Manager described in this Coordination Agreement, by delegation to one or more of its employees or to a consultant under contract to the SLDMWA.
Plan Manager. If the SLDMWA ceases to serve as Plan Manager as agreed under Section 4.1.2 of this coordination Agreement, then the Coordination Committee shall name a successor Plan Manager, who may be a consultant hired by the Secretary pursuant to the Coordination Agreement, the representative of an entity that has been selected as Secretary, or a public agency serving as or participating in a GSA that is a Party to this Coordination Agreement, and who shall serve as the point of contact for DWR as specified by SGMA. The San Xxxx & Delta-Mendota Water Authority is hereby designated as the initial Plan Manager, to serve at the pleasure of the Coordination Committee.
a) The Plan Manager shall carry out the duties of a “plan manager” as provided in Title 23, division 2, Chapter 1.5, Subchapter 2, California Code of Regulations.
b) The Plan Manager has no authority to make policy decisions or represent the Coordination Committee without the specific direction of the Coordination Committee. The Plan Manager is obligated to disclose all substantive communications he/she transmits and receives in his/her capacity as Plan Manager to the Coordination Committee.
Plan Manager. The Coordination Workgroup shall appoint, by unanimous consent, a Plan Manager, who may be a consultant hired by the GSA Parties pursuant to the Coordination Agreement or a public agency serving as or participating in a GSA that is a GSA Party to this Coordination Agreement. In accordance with the Title 23, California Code of Regulations Section 357.4(b)(1) the Plan Manager shall serve as the point of contact for DWR as specified by the SGMA (section 1.11 above). The Plan Manager has no authority to make policy decisions or represent the Coordination Workgroup without the prior unanimous consent of the Coordination Workgroup. The Plan Manager has no authority to bind or otherwise create legal obligations on behalf of the Coordination Workgroup. The Plan Manager is obligated to disclose all substantive communications he/she transmits and receives in his/her capacity as Plan Manager to the Coordination Workgroup. The Plan Manager serves at the pleasure of the GSA Parties, shall serve until he/she resigns or is otherwise replaced by unanimous consent of the Coordination Workgroup and shall have a separate written agreement with each GSA Party. The Plan Manager is identified in Exhibit “A”.
Plan Manager. The Board shall appoint a Plan Manager. The Administrator and Plan Manager may be the same individual. The Plan Manager shall serve at the pleasure of the Board of Directors and his/her duties and responsibilities shall be set forth by the Board.
Plan Manager. The Plan Manager is Intuition. Intuition is part of a family of companies that has over 25 years of experience in the 529 college savings plan and prepaid tuition plan industry, and is currently providing program management, administrative, and recordkeeping solutions to other states. Intuition is leveraging its comprehensive knowledge and experience with 529 plans to bring innovative technology and an administrative platform to the Plan. The Plan Manager has entered into a 529A Program Management Agreement with the Treasurer as of November 30, 2015, under which Intuition is responsible for providing, directly or through subcontractors, program management systems, recordkeeping, and administrative services for the Plan. The Plan’s Investment Advisor is Marquette Associates. Marquette Associates is an independent consulting firm that guides institutional investment programs with a focused three-point approach and careful research. They serve over 270 clients with over $120 billion in assets – from public funds, unions, and corporations to endowments, foundations, and other non- profits. The Vanguard Group, Inc. is registered under the Investment Advisers Act and serves as the investment advisor to the underlying Mutual Funds in the Investment Options. As of August 31, 2019, Vanguard served as advisor for approximately $5.6 trillion in global assets. The Treasurer has contracted with Fifth Third to use Fifth Third’s BankSafe Product as the underlying investment account for the BankSafe Option, and to provide custodial services for the Plan. The Custodian is responsible for physical custody and safekeeping of investment assets. Custodian responsibilities include, but are not limited to, physical custody and safekeeping of investment assets, securities settlement, income and principal collection and corporate action reporting and filing, and providing information related to these services. Additionally, the Custodian will strike and calculate the net asset value for each Investment Option daily. You will receive quarterly statements indicating: • Contributions to each Investment Option, if any, made to your STABLE Account during the period and aggregate contributions, if any, year-to-date. • Withdrawals from each Investment Option in your STABLE Account made during the period. • The total value of your STABLE Account at the end of the period.
Plan Manager. The person, firm or corporation employed by the Trustees, charged with record keeping, reporting and disclosure, processing of applications for benefits and related ministerial functions attendant to the administration of the Trust Fund and the Retirement Plan.
Plan Manager. The Trustees may employ or contract for the services of a person to be known as "Plan Manager" who shall, under the direction or delegation by the Trustees or any appropriate committee of the Trustees, perform all or any part of these or other functions: process applications for and make initial determinations on payments of benefits; administer the office or offices of the Fund and of the Trustees; coordinate and administer the accounting, bookkeeping and clerical services; provide for coordination of actuarial services; prepare or have prepared (in cooperation where appropriate with an actuary, attorney, insurance company, or accountant) all reports or other documents to be prepared, filed or disseminated by or on behalf of the Fund in accordance with the law; assist in the collection of contributions; perform such other duties or services as may be assigned, delegated, directed or contracted by or on behalf of the Trustees; and act as the custodian of all documents and other records of the Fund and of the Trustees.
Plan Manager. The Plan Manager shall be appointed by unanimous agreement by the Parties for a term of one calendar year, and annually thereafter, and may be removed by unanimous agreement of the Parties with or without cause. The Plan Manager shall serve as the point of contact for DWR, as specified in 23 CCR § 357.4, subd. (b)(1), and State Water Resources Control Board (SWRCB), as appropriate. The Plan Manager shall submit or assist with the submittal of all GSPs, plan amendments, supporting information, monitoring data and other pertinent information, Annual Reports, and periodic evaluations to DWR or SWRCB when required. The Plan Manager has no authority to take any action or represent the Subbasin Coordination Committee or a particular Party without the specific direction and authority of the Subbasin Coordination Committee or the particular Party, respectively. The Plan Manager is obligated to immediately disclose all communications he/she receives in his/her capacity as Plan Manager to the Subbasin Coordination Committee and the GSA(s) particularly affected, as appropriate under the circumstances.
Plan Manager. Appointment (or renewal) of the Plan Manager shall require the vote of more than 75% of the Parties, and any vote to remove the Plan Manager shall require a vote of more than 25% of the Parties. A removed Plan Manager is not eligible for reappointment. Any Party may call for a review of the Plan Manager’s engagement at any time. The Plan Manager shall serve as the point of contact for DWR, as specified in 23 CCR § 357.4, subd. (b)(1), and State Water Resources Control Board (SWRCB), as appropriate. The Plan Manager shall submit or assist with the submittal of all GSPs, plan amendments, supporting information, monitoring data and other pertinent information, Annual Reports, and periodic evaluations to DWR or SWRCB when required. The Plan Manager has no authority to take any action or represent the Subbasin Coordination Committee or a particular Party without the specific direction and authority of the Subbasin Coordination Committee. The Plan Manager is obligated to immediately disclose all communications he/she receives in his/her capacity as Plan Manager to the Subbasin Coordination Committee and the GSA(s) particularly affected, as appropriate under the circumstances.
Plan Manager. The Plan Manager is Intuition. Intuition is part of a family of companies that has over 25 years of experience in the 529 college savings plan and prepaid tuition plan industry, and is currently providing program management, administrative, and recordkeeping solutions to other states. Intuition is leveraging its comprehensive knowledge and experience with 529 plans to bring innovative technology and an administrative platform to the Plan. The Plan Manager has entered into a 529A Program Management Agreement with the Treasurer as of November 30, 2015, under which Intuition is responsible for providing, directly or through subcontractors, program management systems, recordkeeping, and administrative services for the Plan. Intuition’s current contract to serve as Plan Manager is for an initial term which expires June 30, 2017. The Treasurer may extend this Agreement for a two-year extension term, and this Agreement shall be renewed for the extension term unless the Treasurer notifies the Plan Manager in writing of its intention to not do so at least 120 days prior to the expiration date of the initial term. Additionally, the Treasurer may extend this Agreement for a second two- year extension term, and this Agreement can be renewed for a second two-year extension term unless the Treasurer notifies the Plan Manager in writing of its intention to not do so at least 120 days prior to the expiration date of the first extension term. The parties may mutually agree to one or more additional extension terms following the initial extension term. The Management Agreement is subject to the possibility of earlier termination under specified circumstances, such as a material breach of the Management Agreement. Service Providers to the Plan The Plan’s Investment Advisor is Marquette Associates. Marquette Associates is an independent consulting firm that guides institutional investment programs with a focused three-point approach and careful research. They serve over 270 clients with over $120 billion in assets – from public funds, unions, and corporations to endowments, foundations, and other non- profits. The Vanguard Group, Inc. is registered under the Investment Advisers Act and serves as the investment advisor to the underlying Mutual Funds in the Investment Options. As of December 31, 2015, Vanguard served as advisor for approximately $3.3 trillion in global assets, including more than $63 billion in Section 529 qualified tuition programs.
