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3IPage <br /> The Plan Administrator has the option to designate the method of fee payment for each fee type prior to the <br /> execution of the Agreement. In the event the Plan Administrator fails to indicate the method of fee payment <br /> under the terms of this Agreement,the fees will be configured as follows: <br /> Recordkeeping Fee—Invoiced to Plan Administrator <br /> Platform—Deducted from Plan Assets <br /> Claims Adjudication Fee—Invoiced to Plan Administrator <br /> Section 2.05 Payment Policy. Fees are based upon current Plan and Trust provisions, assets and participation. <br /> a. Fees for services are due within 30 days after invoiced. In the event fees for services are not paid within <br /> 60 days, such fees will automatically be deducted from Trust assets. <br /> b. The entire monthly fee will be charged for any portion of the month during which the Trust's assets are <br /> held by HB&T pursuant to the Trust Agreement between the Plan Sponsor and HB&T. (For fee <br /> purposes, a "Participant" is defined as an individual with a positive account balance, which has not been <br /> forfeited under the rules prescribed in the Plan or Trust). <br /> c. Fees for Additional Services will be billed upon completion. <br /> Notwithstanding Section 5.03 of this Agreement, BPAS reserves the right to unilaterally modify its fees for the <br /> services described under this Agreement and shall provide the Plan Sponsor and Plan Administrator with sixty (60) <br /> days written notice of any such increase in fees. Notwithstanding the foregoing, BPAS'fees shall not be modified <br /> during the first year of this Agreement unless the information used by BPAS to determine the fee is determined to <br /> be inaccurate. <br /> Section III—Responsibility of Parties <br /> Section 3.01 Responsibilities of BPAS. BPAS shall perform VEBA/HRA administrative services for the Plan Sponsor <br /> and Plan Administrator, set forth herein. BPAS shall also perform any optional services initiated by the Plan <br /> Sponsor or Plan Administrator, which may be subject to additional fees. BPAS shall have the responsibility to <br /> perform only those administrative services listed below and listed in the Attachments and such additional services <br /> described under Attachment C that are requested by the Plan Sponsor or Plan Administrator or a representative <br /> of the Plan Sponsor or Plan Administrator. Attachments C and D may be amended or modified by BPAS from <br /> time to time by delivery of revised Attachments from BPAS to the Company. BPAS shall not perform any <br /> service that BPAS, in its sole judgment, determines would cause BPAS to be treated as a "fiduciary" of the Plan <br /> within the meaning of Section 3(21)of ERISA, as amended. <br /> The basic services to be provided are as follows: <br /> a. Upon initial eligibility, mail employee PIN/ BPAS Web instruction letters to Participants; thereafter mail <br /> quarterly statements and reimbursements to Participants. Maintain a Participant website and post <br /> explanation of benefits material to this website; <br /> b. Process and pay all claims for reimbursement under the Plan that are presented for payment in <br /> accordance with the terms of the Plan and, if such a claim is denied, provide notification to the <br /> Participant of such a denial in accordance with the terms of the Plan and applicable law; <br /> VEBA Administrative Service Agreement (405512) <br />