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Empower 3/9/2022
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Empower 3/9/2022
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Last modified
3/25/2022 10:04:30 AM
Creation date
3/25/2022 10:02:40 AM
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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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without requiring prior approval of each transaction.All ongoing investment transfers and investment direction <br /> changes are implemented for plan participants enrolled in the Managed Account service. <br /> Item 17--Voting Client Securities <br /> AAG does not assume the responsibility to provide assistance or vote proxies or other issuer communications <br /> regarding your Account,or to exercise voting or other decision-making authority regarding proxies or other issuer <br /> communications. Correspondence regarding the matters described in this section will be handled in connection <br /> with the Plan's policies and service provider arrangements. <br /> AAG, as a registered investment adviser, and as a matter of practice, does not accept authority to vote client <br /> securities in connection with any of the services described in this Brochure.Correspondence regarding the matters <br /> described in this section will be handled in connection with the Plan's policies and service provider arrangements. <br /> Item 18 <br /> Financial Information <br /> As previously discussed, under certain circumstances AAG has discretionary authority over certain client funds <br /> and securities.Accordingly,AAG is required to disclose information about its financial condition that is reasonably <br /> likely to impair its ability to meet contractual commitments to its clients.AAG has no financial commitment that <br /> impairs its ability to meet contractualcommitments to its clients, nor has MG been the subject of a bankruptcy <br /> proceeding. Further,AAG does not require or solicit prepayment of fees in excess of$1,200 per client more than <br /> six months in advance. <br /> 19 <br />
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