Laserfiche WebLink
Amend Agreement with Benefit Financial Services Group <br />August 29, 2023 <br />Page 2 <br />3 <br />6 <br />8 <br />9 <br />prepared to offer Financial Planning and Consulting services to plan participants at no <br />additional cost. If the recommendation is approved, plan participants would have the <br />option to elect to obtain such services from BFSG. As a registered investment advisor, <br />BFSG is an independent fiduciary firm that is legally bound to have a fundamental <br />obligation to act in the best interests of their clients and to provide investment advice in <br />their client’s best interest. These additional services, if elected by plan participants, <br />could be an added benefit when planning for retirement and investment decisions. For <br />these reasons, staff recommends amending the agreement with BFSG to add <br />Participant Planning and Consulting Services. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />EXHIBIT(S) <br />1. First Amendment to Agreement <br />2. BFSG Financial Planning and Consulting Agreement <br /> <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Kristine Ridge, City Manager <br />  <br />  <br />City Council 16 – 2 8/29/2023