HomeMy WebLinkAboutSandra R. Turner & Associates, Inc. Agreement - 1998 06 08\.
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Actuarial Services Agreement
THIS AGREEMENT, is made the 1st day of October , 19 98 between Sandra ~i'.
~°urner ~ Ass®o;dtes, inc. and City of Wdnter Sprl'ngs, FlolZda (herein referred to as the
EMPLOYER/ PLAN SPONSOR).
WHEREAS, the EMPLOYER/PLAN SPONSOR is desirous that certain work and services be provided by
.~anclra 1~. ~urner ~ Ass®caa~es, ~nc. (such work and services being described below) and,
WHEREAS, .~andra ~. ~¢[rner ~ Ass®ciaEes, ~nc, 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 Recordkeeping Base Fees included:
Contribution Analysis and Review
~Deternunation of eligibility, benefits, vesting
~Particrpant 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 EMI'LOYER (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: $75.00 per hour
Preparation and/or review of financial information associated with the plans, on an as needed basis.
CLERICAL: $35.00 per hour
Copying, form preparations and letters required to be performed outside of those items listed under BASE FEES.
P.O. Box 621582 Oviedo, Florida 32762-1582
Office 407-365-3490 Fax 407-366-5154 Toll Free 1-800-618-1813
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Page 2
EMPLOYER/PLAN SPONSOR agrees to provided or make available the necessary information reasonably
required to perform the Annual Administration Services and to indemnify .~~ndr~ ~. ~sarner ~
~ soci$Ees, llnc. against any liability imposed as a result of any claim where -~8ndra ~. ~a~rner ~
r~esociaEes, llnc. has acted in good faith in reliance on the direction, information and authorization of the
EMPLOYER/PLAN SPONSOR. The EMPLOYER/PLAN SPONSOR agrees to pay .~andra ~. ~'rrrner d~
141ssoc:aEes, llnc. for such work and services when provided to the EMPLOYER/PLAN SPONSOR. The
It is agreed that .`~anc~ret Ili. ~urner d~ ~ssocia~es, Ilnc. 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
~andra ~i , ~arrner ~' f~ssocie~es, ~nc. prior to receipt of a termination notice, the EMPLOYER/PLAN
SPONSOR is responsible for immediate payment for final services performed.
~. ~'urner ~ ~ssocia~es, ~nc.
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Date
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Date
P.O. Box 621582 Oviedo, Florida 32762-1582
Office 407-365-3490 Fax 407-36b-5154 Toll Free 1-800-618-1813
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EVIDENCE NO: SC 9407
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 Drive Suite 820
Arlington, VA 2203
DECLARATION
NAME AND ADDRESS
OF INSURED MEMBER:
LIMITS OF 1.
LIABILITY: 2.
DEDUCTIBLE:
PREMIUM:
PERIOD OF INSURANCE:
RETROACTIVE DATE:
SPECIAL CONDITIONS:
PROFESSIONAL SERVICES:
SERVICE OF SUIT UPON:
NOTICE OF LOSS TO:
Sandra R. Turner 8c Associates
235-2 S. C~entraTAvenue Oviedo, FL 32765
US$ 500 000. Each Claim EXCLUDING Defense Costs
US$ 3(~b~6(~. Aggregate for all Claims EXCLUDING Defense Costs
US$ 2 500 Each Claim
US$ 21000
From: 10/1/9712:01 A.M. to 6/9/00 12:01 A.M.
May 9, 1.996
Endorsement 4E & 6E
Employee Benefits Administrator/Actuary/Consultant
McCullough, Campbell & Lane
Swett & Crawford of Georgia, Inc.
3.525 Piedmont Road, N.E.
Building 8, Suite 210
Atlanta, GA 30305
Attn: Linda A. Kuryloski
This document is to notify the Member named above (the insured that the insurance stated herein has been effected with
St. Paul Reinsurance Co. Ltd. and CNA International Reinsurance o. Ltd. under Master Policy No. 32990997A01 issued to the
American Society Pension Actuaries.
This insurance is rovided under the Master Policy for the period on insurance specified above in accordance with the terms
of, and the Cover Page to, the Master Policy as attached hereto.
The Percentage Participation of Underwriters hereon of 40.0% is the total limit of Underwriters' Liability for the period of
insurance and Limits of Liability specified above. Underwriters have agreed to bind themselves each for his own part and
not one for another, their heirs, executors and administrators.
The attached is a true copy of the ongmal Master Policy and may be inspected at the offices of the American Society of
Pension Actuaries, 4350 North Fairfax Drive, Suite 820, Arlington, VA 22203.
Dated Swett & Crawford of Georgia, Inc. /-'(~ / . , r _ ~
This 20th day of Novembers 19 97 ~
Authorized Sign ire
TIIIS UOCUMF.NT (EVIDI?NCE OF INSURANCE) IS ISSUH:D AS NOTICE: OF INSURANCE FOR INFORMATION ONLY. IT UOES NOT
CUNSTITU'1'E Tt1E LEGAL CON'fIZAC'I' OIL INSURANCE.. TIiF. MASTER 1'UL1CY AND 1'HE APPLICATION OF'!'1lE INSURED
MEMBER CONSTITUTES THE ENTIRE CONTRACT OF INSURANCE BETWEEN UNDERWRITERS AND THE INSURED MEMBER.
THIS EVIDENCE WHICH IS FURNISHED IN ACCORDANCE WITH ANp lS SUBJECT TO THE TERMS OF TEIE MASTER POLICY
REPLACES ANY OTHER EVIDENCE PREVIOUSLY ISSITF.D COVERING T1-EE INSIntANCE DESCRIBED HEREIN.