Trustee/Custodian Services. (i) BFI has obtained a non-bank Trustee/Custodian Notice of Approval letter from the Treasury Department, Internal Revenue Service, dated December 31, 2003. BFI, together with BISYS, has the knowledge and capabilities to act as a passive non-bank trustee/custodian of Traditional XXX, Xxxx XXX, SIMPLE XXX, and 403(b)(7) accounts which hold shares of the Funds (collectively, “XXX Accounts”). BISYS has the knowledge and capabilities to perform the services undertaken by BISYS under Schedule B-1 to this Agreement.
Trustee/Custodian Services. 5.1 Custody of Plan Assets: Except for Plan assets deposited under a group annuity contract issued by MassMutual, all assets of the Plan are held in trust by the Trustee/Custodian. The responsibilities of the Trustee/Custodian and its legal obligations are governed by a separate trust agreement.
Trustee/Custodian Services. (i) CFI has obtained a non-bank Trustee/Custodian Notice of Approval letter from the Treasury Department, Internal Revenue Service, dated December 31, 2003. CFI, together with Citi, has the knowledge and capabilities to act as a passive non-bank trustee/custodian of Traditional XXX, Xxxx XXX, and SIMPLE XXX accounts offered by the Company (collectively, "XXX Accounts"). Citi has the knowledge and capabilities to perform the services undertaken by Citi under Schedule D-1.
Trustee/Custodian Services. In addition, as provided in Section 4(a) of this Agreement, Citi shall be entitled to $15 per social security number, for each plan or account type, per year (the "Custodial Fee"), to be paid within the month prior to December 31 of each such year (or, if an XXX Account is closed prior to the closing of such XXX Account), for the services provided to the XXX Account or XXX Accounts (or, if an XXX Account is closed, prior to the closing of such XXX Account). Citi will collect the Custodial Fee from each XXX Account. ANNUAL MINIMUM FEE The Administrative, Fund Accounting and Transfer Agency Fees set forth above are subject to an annual complex minimum of $125,000. Fees paid to Citi for AML Services, XXX Custodian Services, Compliance Services or other services and/or reimbursement of out-of-pocket expenses shall not count towards satisfying the complex minimum requirement. ANNUAL FEE ADJUSTMENT Commencing on the one-year anniversary of the Effective Date, Citi may annually increase the fixed fees and other fees expressed as stated dollar amounts in this Agreement by up to an amount equal to the lesser of (a) the most recent annual percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled "All Services Less Rent of Shelter" or a similar index should such index no longer be published, and (b) 5%.
Trustee/Custodian Services. In addition, as provided in Section 4(a) of this Agreement, BISYS shall be entitled to fifteen dollars ($15.00) per social security number, for each plan or account type, per year (the "Custodial Fee"), to be paid within the month prior to December 31 of each such year (or, if an XXX Account is to be closed, prior to the closing of such XXX Account , for the services provided to the XXX Account or XXX Accounts. BISYS will collect the Custodial Fee from each XXX Account.
Trustee/Custodian Services. Trustee OR Custodian services are provided by Great-West Trust Company, LLC. The compensation received by Great-West Trust Company, LLC for trustee/custodian services is ref lected in the Plan’s f ee disclosure report provided by Empower and the Great-West Trust Company Bank Credits below. Additional f ees may be ref lected in the trust/custodial agreement between Great-West Trust Company, LLC and Plan Sponsor. If Plan Sponsor selects a trustee/custodian that requires changes to any procedures or services in the Agreement, Empower reserves the right to change fees in this Section.
Trustee/Custodian Services. (i) BISYS Fund Services, Inc. (“BFI”), an affiliate of BISYS, has obtained a non-bank Trustee/Custodian Notice of Approval letter from the Treasury Department, Internal Revenue Service, dated December 31, 2003. BFI, together with BISYS, has the knowledge and capabilities to act as a passive non-bank trustee/custodian of Traditional XXX, Xxxx XXX, and SIMPLE XXX accounts offered by the Company (collectively, “XXX Accounts”). BISYS has the knowledge and capabilities to perform the services undertaken by BISYS under Schedule D-1.
Trustee/Custodian Services. (i) BFI has obtained a non-bank Trustee/Custodian Notice of Approval letter from the Treasury Department, Internal Revenue Service, dated December 31, 2003. BFI, together with BISYS, has the knowledge and capabilities to act as a passive non-bank trustee/custodian of Traditional IRA, Roth IRA, Coverdell Education Savings, SIMPLE IRA, and 403(x)(7) xxxxxxxs xxxxxxx xy the Funds for which BISYS xxts as transfer agent (collectively, "IRA Accounts"). BISYS has the knowledge and capabilities to perfxxx the services undertaken by BISYS under Schedule A to this Amendment.
Trustee/Custodian Services. (i) CFI has obtained a non-bank Trustee/Custodian Notice of Approval letter from the Treasury Department, Internal Revenue Service, dated December 31, 2003. CFI, together with Citi, has the knowledge and capabilities to act as a passive non-bank trustee/custodian of any Traditional XXX, Xxxx XXX, Xxxxxxxxx Education Savings, SIMPLE XXX, and 403(b)(7) accounts offered by the Funds for which Citi acts as transfer agent (collectively, “XXX Accounts”). Citi has the knowledge and capabilities to perform the services undertaken by Citi under Schedule A to this Amendment.
Trustee/Custodian Services. Trustee or custodian services, as applicable, are provided by Great-West Trust Company, LLC (“GWTC”). The compensation received by GWTC for its services is reflected in the Plan’s fee disclosure report provided by Empower and the Great-West Trust Company Bank Credits below. Additional fees may be reflected in the trust/custodial agreement between GWTC and Plan Sponsor. If Plan Sponsor selects a trustee or custodian, as applicable, that requires changes to any procedures or services in the Agreement, Empower reserves the right to change fees in this section.
