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INSURANCE NOT ON FILE A-2015-022A <br /> WORK MAY NOT PROCEED <br /> CITY CLERK <br /> DATE, NT 01 2025 <br /> Tu�~¢t}oar►� ( THIRD AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT WITH INTERNATIONAL CITY <br /> lorf dex(n) MANAGEMENT ASSOCIATION RETIRMENT CORPORATION (ICMA-RC) DBA MISSIONSQUARE <br /> RETIREMENT <br /> THIS THIRD AMENDMENT to the above-referenced Agreement is entered into on September <br /> 2025 by and between International City Management Association Retirement Corporation, doing <br /> business as MissionSquare Retirement ("MissionSquare"), and the City of Santa Ana ("City"), a charter <br /> city and municipal corporation organized and existing under the Constitution and laws of the State of <br /> California. MissionSquare and City are collectively referred to as the Parties or singularly as a Party. <br /> RECITALS <br /> A. The parties entered into Agreement No. A-2015-022, dated January 20, 2015,that established a <br /> Vantagecare Retirement Health Savings Plan ("RHS")for the City Clerk and members of the <br /> Executive Management classification and by which MissionSquare agreement to provide <br /> administrative services for the RHS account ("Agreement"); <br /> B. On May 29, 2015,the Agreement was amended to change the definition of"spouse" to reflect a <br /> change in the law; <br /> C. On June 1, 2015, the Agreement was amended (A-2015-023-01)to change the percentage of <br /> salary reduction; <br /> D. On June 30, 2016,the Agreement was amended (A-2011-258-04)to change the RHS Trust from <br /> Vantagecare to Vantage Trust 11 Multiple Collective Investment Funds Trust; <br /> E. On May 1, 2022,the Agreement was amended (A-2015-022-02)to add insurance coverage <br /> requirements to the Agreement; and <br /> F. The Parties agree to amend the Agreement to remove the automatic renewal term and to <br /> provide for a term of three years with two, one year automatic renewals and to change the <br /> compensation terms. <br /> The Parties therefore agree: <br /> 1. Section 6 of the Agreement entitled Compensation and Payment is amended and restated to <br /> read as follows: <br /> Absent an explicit agreement to the contrary between MissionSquare and Employer, participant <br /> fees and expenses shall be payable from RHS assets, in accordance with the requirements of the RHS <br /> Program as set forth below. <br /> (a) For RHS assets in the MSQ Funds Class S, other than the S11 class of the MissionSquare PLUS <br /> Fund <br />