Recordkeeper. The Recordkeeper is hereby designated as agent of the Employer under the Plan to perform directly or through agents certain ministerial duties in connection with the Plan, in particular:
(a) To keep and regularly furnish to the Employer a detailed statement of each Participant's Accounts, showing contributions thereto by the Employer and the Participant, Investment Products purchased therewith, earnings thereon and Investment Products purchased therewith, and each redemption or distribution made for any reason, including fees or benefits; and
(b) To the extent agreed between the Employer and the Recordkeeper, to prepare for the Employer or to assist the Employer to prepare such returns, reports or forms as the Employer shall be required to furnish to Participants and Beneficiaries or other interested persons and to the Internal Revenue Service or the Department of Labor; all as may be more fully set forth in a service agreement executed by the Employer and the Recordkeeper. If the Employer does not appoint another person or entity as Recordkeeper, the Employer itself shall be the Recordkeeper.
Recordkeeper. By executing this Adoption Agreement, the Employer retains Banco Popular de Puerto Rico as Recordkeeper of the Plan pursuant to the Recordkeeping Agreement and Fee Schedule incorporated by reference into this Adoption Agreement. / / The Employer has selected as recordkeeper for the Plan: RECORDKEEPER AND TRUSTEE'S FEES By executing this Adoption Agreement, the Employer agrees to retain Banco Popular de Puerto Rico as Recordkeeper and, if applicable, as Trustee of the Plan, for an initial minimum period of three years. This Agreement shall renew automatically for an indefinite period of time. The Employer may terminate this Agreement at any time subject to a written termination notice received by Banco Popular at least thirty days prior to the effective date of termination. If termination occurs during the initial three year period, the Employer agrees to compensate Banco Popular with a termination fee equal to three times the total annual fees minus any amount already satisfied in connection with the services rendered since the effective date of this agreement. Banco Popular may change the Fee Schedule from time to time and shall provide written notification to the Employer. VALUATING OF PARTICIPANT'S ACCOUNTS The Participant's Accounts shall be valued / / monthly /X/ quarterly / / semi annually / / annually. PARTICIPANT'S ACCOUNT STATEMENTS The Participants shall be provided with a statement of their account on a / / monthly /X/ quarterly / / semi annually / / annual basis. SATISFACTION OF THE PARTICIPATION AND NON-DISCRIMINATION REQUIREMENTS OF THE IRC BY EMPLOYERS WITH EMPLOYEES WITHIN AND WITHOUT PUERTO RICO OR THAT ARE MEMBERS OF AN AFFILIATED GROUP. The satisfaction of the participation and non-discrimination requirements of section 1165(a)(3)(A), 1165(a)(4), and 1165(e)(3) of the IRC shall be determine by taking into the account the active Employees that the Employer has in Puerto Rico. Notwithstanding the above, in the case of an Employer having Employees within and without Puerto Rico or that is a member of an affiliated group of corporations or partnerships (within the meaning of section 1028 of the IRC) that adopt the same plan, said Employer or Employers may elect to meet the above mentioned requirements as follows: /X/ By taking into the account all the active Employees (employed within and without Puerto Rico) of the Employers or of each individual Employer; / / By taking into the account all the Employees of the affiliated group of corporati...
Recordkeeper. CSTC, or such affiliate or other entity as CSTC may designate to provide various services to the Plan, as adopted by an Employer.
Recordkeeper. Sun Life Financial
Recordkeeper. The Agent will not enter into an Investment Program Agreement with a Recordkeeper unless the Recordkeeper has satisfied the Agent of the ability of the Recordkeeper to provide and maintain accurate recordkeeping and instruction services.
Recordkeeper. The term “Recordkeeper” shall mean Ascensus College Savings Recordkeeping Services, LLC, or its successors or assigns.
Recordkeeper. The Recordkeeper hereby represents and warrants to the Company that:
(1) It has full power and authority under applicable law, and has taken all action necessary, to enter into and perform this Agreement and the person executing this Agreement on its behalf is duly authorized and empowered to execute and deliver this Agreement;
(2) This Agreement constitutes the legal, valid and binding obligation of the Recordkeeper and is enforceable against it in accordance with its terms;
(3) No consent or authorization of, filing with, or other act by or in respect of any governmental authority, is required in connection with the execution, delivery, performance, validity or enforceability of this Agreement.;
(4) The execution, performance and delivery of this Agreement will not result in the Recordkeeper violating any applicable law or breaching or otherwise impairing any of its contractual obligations;
(5) It is registered as a transfer agent pursuant to Section 17A of the Securities Exchange Act of 1934, as amended (the "1934 Act"); and
(6) The arrangements provided for in this Agreement will be disclosed to the Plans.
Recordkeeper. Aspire, or any successor, engaged by the Program Coordinator pursuant to a separate agreement to provide certain benefits administration and recordkeeping services relating to the Custodial Account.
Recordkeeper. [ ] By executing this Adoption Agreement, the Plan Sponsor retains Banco Popular de Puerto Rico as Recordkeeper of the Plan pursuant to the Recordkeeping Agreement and Fee Schedule incorporated by reference into this Adoption Agreement. [X] The Plan Sponsor has selected as recordkeeper for the Plan: Name: MFS Retirement Services, Inc. Address: P. X. Xxx 00000 Xxxxxx, XX 00000-0000 Telephone No. (000) 000-0000 Telefax: (000) 000-0000 Contact Person Name: Xxxxxxx Xxxxxx Telephone No: (800) 343-2829 ext. 54290 Telefax: (000) 000-0000 E-mail: xxxxxxx@xxx.xxx RECORDKEEPER AND TRUSTEE'S FEES By executing this Adoption Agreement, the Plan Sponsor , if so selected, agrees to retain Banco Popular de Puerto Rico as Recordkeeper and, if applicable, as Trustee of the Plan, for an initial minimum period of three years. This Agreement shall renew automatically for successive three year periods indefinitely. The Plan Sponsor may terminate this Agreement at any time subject to a written termination notice received by Banco Popular at least thirty days prior to the effective date of termination. If termination occurs during the initial three year period, the Plan Sponsor agrees to compensate Banco Popular with a termination fee equal to three times the total annual fees minus any amount already satisfied in connection with the services rendered since the effective date of this agreement. Banco Popular may change the Fee Schedule from time to time and shall provide written notification to the Plan Sponsor. Termination may occur due to a termination and liquidation of the Plan by the Plan Sponsor or due to a trust to trust transfer whereby a successor trustee is appointed. Should Banco Popular be instructed to carry out a trust to trust transfer, the Plan assets shall be transferred in cash. Therefore, all positions of the Plan held in the Investment Funds shall be liquidated.
Recordkeeper. The term “Recordkeeper” means the entity designated by the Company from time to time as the Company’s stock transfer agent acting in its capacity as recordkeeper for the Plan or such other entity as the Company may from time to time designate, by separate agreement, as recordkeeper for the Plan.
