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MissionSquare Retirement 8/6/2025 Amendment 3
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MissionSquare Retirement 8/6/2025 Amendment 3
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Last modified
8/21/2025 9:24:53 AM
Creation date
8/21/2025 9:24:25 AM
Metadata
Fields
Template:
Contracts
Contractor's Name
MissionSquare Retirement
Approval Date
8/6/2025
End Date
12/31/2030
Department
Human Resources
Department Project Manager
Chelsi Bardwell
Subject / Project Title
Renewal of administrative services
Amendment/Change Order
Amendment
Amendment/Change Order Number
3
Tracking Number
0002163
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Professional Services (PSA)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
Document Relationships
ICMA-RC 1/8/2020
(Amendment)
Path:
\Documents\City Clerk\Contracts\Agreement\Professional Services (PSA)
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Plan number 301333 <br />MissionSquare Retirement Agreement 5 of 12 <br />6. Participation in Certain Proceedings <br />The Employer hereby authorizes MissionSquare to act as agent, to appear on its <br />behalf, and to join the Employer as a necessary party in all legal proceedings <br />involving the garnishment of benefits or the transfer of benefits pursuant to the <br />divorce or separation of participants in the Plan. Unless Employer notifies <br />MissionSquare otherwise, Employer consents to the disbursement by <br />MissionSquare of benefits that have been garnished or transferred to a former <br />spouse, current spouse, or child pursuant to a domestic relations order or child <br />support order. <br />7. Compensation and Payment <br />(a)Participant Fees. Plan participant accounts shall be assessed an <br />asset-based fee to cover the costs of record-keeping and other <br />services provided by MissionSquare, and other costs associated <br />with the Plans as directed by the Employer. The Employer shall <br />work with MissionSquare to determine the appropriate amount of <br />the gross asset-based fee to be charged to participant accounts, <br />which may be increased or decreased from time to time at the <br />direction of the Employer. At the inception of this Agreement the <br />participant fee shall be 0.03%. <br />(b)Revenue Requirement. MissionSquare shall receive total annual <br />aggregate revenue of 0.03% <br />administration for providing recordkeeping and other services to <br />the Plans. <br />(c)Compensation for Management Services to VantageTrust <br />Company, Compensation for Advisory and other Services to <br />the MissionSquare Funds Class M and Payments from Third- <br />Party Investment Options. Employer acknowledges that <br />MissionSquare, or its wholly owned subsidiary, receives fees from <br />VantageTrust Company for investment advisory services and plan <br />and participant services furnished to VantageTrust Company. <br />Employer further acknowledges that MissionSquare, including <br />certain of its wholly owned subsidiaries, receives compensation for <br />advisory and other services furnished to the MissionSquare Funds <br />Class M, which serve as the underlying portfolios of a number of <br />Funds offered through VantageTrust. For a MissionSquare Fund <br />Class R that invests substantially all of its assets in a third-party <br />mutual fund not affiliated with MissionSquare, MissionSquare or its <br />wholly owned subsidiary receives payments from the third-party <br />mutual fund families or their service providers in the form of 12b-1
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