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INSURANCE ON FILE WORK MAY PROCEED UNTIL INSURANCE-XPIRES 01to%IZ CITY CL6h DATE 1 % 2024 U r 1.Aswlo) �l Rp S: L Qtrt'LL" / AGREEMENT FOR ADMINISTRATIVE, INVESTMENT AND COMMUNICATION ADVISORY SERVICES BETWEEN BFSG, LLC AND CITY OF SANTA ANA A-2024-201 THIS AGREEMENT is made and entered into on this 1st day of January, 2025 by and between BFSG, LLC ("Contractor"), and the City of Santa Ana, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California ("City"). RECITALS A. On September 19, 2024, the City issued a Request for Proposal No. 24-109 ("RFP"), by which it sought a contractor to provide Plan Administrative, Investment and Communication Advisory Services related to the 457 (b) Deferred Compensation Plan and Retirement Health Savings ("RHS") Plan. B. Contractor submitted a responsive proposal ("Proposal") that was selected by the City, and such Proposal is referenced herein as if set out in full. Contractor represents that it is able and willing to provide services described in the scope of work that was included in the REP. C. In undertaking the performance of this Agreement, Contractor represents that it is knowledgeable in its field and that any services performed by Contractor under this Agreement will be performed in compliance with such standards as may reasonably be expected from a professional consulting firm in the field. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms and conditions hereinafter set forth, the parties agree as follows: 1. SCOPE OF SERVICES Contractor shall perform during the term of this Agreement, the tasks and obligations including all labor, materials, tools, equipment, and incidental customary work required to fully and adequately complete the services described and set forth in Scope of Services - Exhibit A, attached hereto and incorporated by reference. 2. COMPENSATION a. City agrees to pay, and Contractor agrees to accept as total payment for its services for City, the rates and charges identified in Compensation - Exhibit B. The total amount to be expended during the term of this Agreement shall not exceed $175,000. b. Payment by City shall be made within forty-five (45) days following receipt of proper invoice evidencing work performed, subject to City accounting procedures. City and Contractor agree that all payments due and owing under this Agreement shall be made through Automated Clearing House (ACH) transfers. Contractor agrees to execute the City's standard ACH Vendor Payment Authorization and provide required Page 1 of 9 #449976v2