HomeMy WebLinkAboutEMPOWER (AKA GREAT-WEST FINANCIAL) (2)INSURANCE NOT REQUIRED
WORK PRAY PROCEED
CLERK OF COUNCIL
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Amendment No. 2
Attached to and Forming part of
AGREEMENT FOR RECORDKEEPING AND COMMUNICATION SERVICES
§457 Deferred Compensation Pian
GROUP #98280-01
THIS AMENDMENT NO. 2 Is entered Into by and between Great -West Ufa & Annuity Insurance
Company ("Great -West"), and/or any successor, assign or affiliate, and the City of Santa Ana ("Plan
Sponsor") with respect to the services to be provided by Great -West to the City of Santa Ana 457
Deferred Compensation Plan ( the "Plan").
RECITALS
Effective September 3, 2014, Great -West and the Plan Sponsor entered Into the Agreement for
Recordkeeping and Communication Services ("Agreement'), under which Great -West provides certain
recordteeping and communication services for the Plan Sponsor with respect to the Plan; and
The Agreement was for a term of one year with an option for one additional year. Following the
expiration of the original term, Great -West, with the Plan Sponsor's consent, continued to provide
services under the Agreement to the Plan Sponsor; and
For administrative efficiencies, Great -West and the Plan Sponsor agreed that it would be mutually
beneficial to amend the Agreement for the purpose of exercising the above option and continuing the
Agreement through September 30, 2018, For this purpose, the parties executed Amendment No. 1, #
A-2014-208-01, dated December 8, 2015; and
The parties now wish to again extend the term of the Agreement by mutual agreement as provided
below.
NOW THEREFORE, in consideration of the covenants and conditions herein contained, and
other good and valuable consideration as herein provided, the parties agree to amend the
Agreement as follows:
1. Section IX Agreement Term and Teanination Is amended to extend the term of the Agreement
up to and including July 31, 2017, with an option exercisable by Plan Sponsor to further extend
the Agreement up to and including September 30, 2017.
2. Except as modified by this Amendment No. 2, and all prior amendments, all terms and
conditions of the Agreement shall remain In full force and effect.
3. This Amendment No. 2 will take effect upon the date executed by both the Plan Sponsor and
Great -West.
City of Sante Ana 9-19.16
IN WITNESS WHEREOF, the parties have caused this Amendment No. 2 to the Agreement to be
executed, In duplicate, by their respective officers and agents thereunto duty authorized.
For The City of SPnta'Ana) ,
Signature: Date
Name: David Cavazos
Title: City Manager
For Great -West Life & Annuity Insurance Company
Signature:Date fz •a .1
Name: gmni4jaeeese Rrasidaak_____—
Govemment Markets
Title:
Attest
Signature:_
Name: Maria D. Huizar
Title: Clerk of Council
Approved as to Form
Signature: JtQ7t l2L.
Name: John M. Funk
Title: Assistant City Attorney
City of Santa Ana 8-19.1 B
Imcodant Nota: Service Agreement Amendments, Pricing Change Agreements, and other contractual
documents must be duly executed by both parties prior to the effective date of the changes.
Sackdating contracts or funding agreements Is in violation of our corporate governance and regulatory
requirements. Changes cannot be Implemented prior to the date all documents are fully executed,
even if that requires the effective date to be postponed. There are no exceptions to the rule that the
effective date must follow the date all documents are executed.