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Empower 3/9/2022
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Empower 3/9/2022
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Entry Properties
Last modified
3/25/2022 10:04:30 AM
Creation date
3/25/2022 10:02:40 AM
Metadata
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Template:
Contracts
Contractor's Name
Empower
Approval Date
3/9/2022
Council Approval Date
2/16/2022
Department
Human Resources
Department Project Manager
Kandy Bartlett
Subject / Project Title
Administrative Services for 457(b) Plan
Tracking Number
0000842
Total Compensation
$0.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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EMPOWER <br /> payments are variable in amount and, if allocated per plan participant, are expected not to <br /> exceed $5 per participant annually. <br /> Please review and electronically sign this agreement by August 13, 2021. The effective date of <br /> this new agreement is the later of 1) November 12, 2021, or 2) your migration date to the <br /> Empower recordkeeping platform. Please also keep a copy of the executed agreement package <br /> for your files. If you do not either return an executed copy of signature page or elect to terminate <br /> your current services agreement prior to the effective date of this amended services agreement, <br /> then your receipt of the services provided for under the terms of the amended services <br /> agreement will be deemed to be your acceptance of the terms of the amended services <br /> agreement. <br /> In the event that you have a pending amendment related to your Administrative Services <br /> Agreement that is not executed 75 days prior to migration, the amendment will be rescinded. <br /> Thank you for your continued trust in us as your recordkeeper of choice. If <br /> you have any questions associated with these documents, please do not <br /> hesitate to contact your account representative. <br /> By: Great-West Life&Annuity Insurance Company, as <br /> attorney-in-fact for Talcott Resolution Life Insurance Company <br /> r <br /> ul drionds Head/L d Operations <br /> B} Pa a E4 . ea p <br /> Name, Title <br /> On December 31, 2020, Empower Retirement acquired the retirement business of <br /> Massachusetts Mutual Life Insurance Company (MassMutual). Following an initial transition <br /> period, Empower Retirement will become the sole administrator of this business. Empower <br /> Retirement refers to the products and services offered by Great-West Life &Annuity Insurance <br /> Company (GWLA) and its subsidiaries, including Empower Retirement, LLC. Empower <br /> Retirement is not affiliated with MassMutual or its affiliates. <br /> Securities offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS <br /> is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment <br /> advisers, Advised Assets Group, LLC and Personal Capital. This material is for informational <br /> purposes only and is not intended to provide investment, legal or tax recommendations or <br /> advice. <br /> ©2021 Empower Retirement, LLC. All rights reserved. GEN-LTR-WF-1120000-0621 <br />
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