HomeMy WebLinkAboutTurner, Sandra R. & Associates -1998 06 08
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~~ S.nJr. R. Turner & Associates, Inc.
Actuarial Services Agreement
THIS AGREEMENT, is made the 1st day of October, 19 ~ between S.sntb-.s R.
Tu,.ne,. & ASBoci.stes, Ino. and City 01 Winter Springs, Florida (herein referred to as the
EMPLOYER! PLAN SPONSOR).
WHEREAS, the EMPLOYER/PLAN SPONSOR is desirous that certain work and services be provided by
S.sntka R. T Ul"ne,. & Assooi.stesl Ino. (such work and services being described below) and,
WHEREAS, Santb-.s R. T Ul"ne,. & Assooi.st6B1 Ino. has agreed to perform such work and services; it is
agreed by and between the parties hereto as follows:
. BASE FEES: $6,000.00
ANNUAL ADMINISTRATION AND RECORDKEEPING:
Administration and Reoordkeeping Base Fees included:
-Contribution Analysis and Review
-Determination of eligibility, benefits, vesting
-Participant Certificates and Employee Notification
-Terminated Participants-calculation of benefits and preparation of distribution packets
PLAN CONSULTATIONS:
Ongoing review of current plan design to make sure the retirement program is meeting the goals of
the employer in benefits provided and cost control.
Consultation with EMPLOYER/PLAN SPONSOR's financial advisors and/or legal counsel in the
implementation and administration of the plan.
Research on specific questions of interest as requested by the EMPLOYER/PLAN SPONSOR or its
authorized agent. Cost included in base fees unless extensive research required, at which time it will be
billed as ADDITIONAL WORK REQUESTED BY THE EMPLOYER (see below).
. ADDITIONAL WORK REQUESTED BY THE EMPLOYER: (All work performed in this category
must be authorized by the Employer in writing.)
CONSULTING: $125.00 per hour
Review of existing EMPLOYER/PLAN SPONSOR's benefit/retirement plan and redesign analysis to current regulations
and/or EMPLOYER/PLAN SPONSOR budget constraints, studies of an extensive nature. Research on questions of
interest of an extensive nature.
ACCOUNTING: 575.00 per hour
Preparation and/or review of financial information associated with the plans, on an as needed basis.
CLERICAL: $35.00 per hour
Copying, form preparations and letters required to be performed outside of those items listed under BASE FEES.
P.O. Box 621582 Oviedo, Florida 32762-1582
Office 407-365-3490 Fax 407-366-5154 Ton Free 1-800-618-1813
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Page 2
EMPLOYER/PLAN SPONSOR agrees to provided or make available the necessary information reasonably
required to perform the Annual Administration Services and to indemnify S.snJpa R. Turner &
Associ.stes, Inc. against any liability imposed as a result of any claim where SanJp.s R. Turner &
Associ.stes, Inc. has acted in good faith in reliance on the direction, information and authorization of the
EMPLOYER/PLAN SPONSOR. The EMPLOYERlPLAN SPONSOR agrees to pay S.snJp.s R. Turner &
Associates, Inc. for such work and services when provided to the EMPLOYER/PLAN SPONSOR. The
It is agreed that SanJp.s R. Turner & Associates, Inc. is not a party to the Plan, an ERISA
administrator or a plan fiduciary.
THIS AGREEMENT, will be for the period of one year and shall be considered renewed unless termination
by written notice of the EMPLOYER/PLAN SPONSOR. If any service, or portion thereof, is performed by
S.snJpa R. Turner & Aaaoci.stes, Inc. prior to receipt of a termination notice, the EMPLOYERJPLAN
SPONSOR is responsible for immediate payment for final services performed.
~L?~ Or; &/1-f , - ~ - ~q
S.snJp/J R. Turner & Associ.shs, Inc. Date
((-r,- 7r5
Date
P.O. Box 621582 Oviedo, Florida 32762-1582
Office 407-365-3490 Fax 407-366-5154 Toll Free 1-800-618-1813
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EVIDENCE NO: SC 9407
" I Q' .
EVIDENCE OF INSURANCE
effected with
ST. PAUL REINSURANCE CO. LTD.
CNA INTERNATIONAL REINSURANCE CO. LTD.
for the Member named below of the
AMERICAN SOCIETY OF PENSION ACTUARIES
4350 North Fairfax Drivel Suite 820
Arlington, VA 22103
DECLARATION
NAME AND ADDRESS
OF INSURED MEMBER:
LIMITS OF 1.
LIABILITY: 2.
DEDUCTIBLE:
PREMIDM:
PERIOD OF INSURANCE:
RETROACTIVE DATE:
SPECIAL CONDITIONS:
PROFESSIONAL SERVICES:
SERVICE OF SUIT UPON:
NOTICE OF LOSS TO:
Sandra R. Turner 8LA~sociates
235-2 S. Central Avenue Oviedo. FL 32765
USS 500.000. Each Claim EXCLUDING Defense Costs
USS 500.000. Aggregate for all Claims EXCLUDING Defense Costs
US$ 2.500 Each Claim
US$ 2.000
From: 10/1/97 12:01 A.M. to 6/9/00 12:01 A.M.
May 9. 1996
Endorsement 4E & 6E
Employee Benefits Administrator/Actuary/Consultant
McCullough, Campbell & Lane
Swett & Crawford of Georgia, Inc.
3525 Piedmont Road, N.E.
Building 8, Suite 210
Atlanta, GA 30305
Attn: Linda A. Kuryloski
This document is to notif)' the Member named above (the insured) that the insurance stated herein has been elTected with
St. Paul Reinsurance Co. Ltd. and CNA International Reinsurance Co. Ltd. under Master Policy No. 32990997AOI issued to the
Ameriean Society Pension Actuaries.
This insurance is provided under the Master Policy for the period on insurance spetified above in accordance with the tenos
of, and the Cover Page to, the Master Policy as attached hereto.
The Percentage Participation of Underwriters hereon of 40.00/0 is the total limit of Underwriters' Liability for the period of
insurance and Umits or LlabUity specified above. Underwriters have agreed to bind themselves each for his own part and
not one (or anotber, their bein, executors and administrators.
Tbe attacbed is a true copy of the original Master Policy and may be inspected at tbe offices of the American Society of
Pension Actuaries, 4350 North Fairfax Drive, Suite 820, Arlington, VA 22203.
Dated Swett & Crawford of Georgia, Inc.
This .2Q1h. day orNovember~ 19 9L
nlls DOCUMENT (EVIDENCE Of'INSURANCE) IS ISSUED AS NOTICE OF INSURANCE FOR INFORMATION ONLY. IT DOES NOT
CONSTITUTE THE LEGAL CONTRACf OF INSURANCE. THE MASTER IJOLlCY AND THE APPLICATION OF THE INSURED
MEMBER CONSTJTUfES THE ENTIRE CONTRACf OF INSURANCE BETWEEN UNDERWRITERS AND THE INSURED MEMBER.
THIS EVIDENCE WHICH IS FURNISHED IN ACCORDANCE WITH AND IS SUBJECf TO THE TERMS OF THE MASTER POLlCV
REPLACES ANV OTHER EVIDENCE PREVlOUSL V ISSUED COVERING THE INSURANCE DESCRIBED HEREIN.