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HomeMy WebLinkAboutC-3073 C-3013 RETIREMENT PLAN CONSULTING SERVICES AGREEMENT AMENDMENT #2 In consideration of the mutual undertakings in this Amendment Agreement ("Amendment") and for other good and valuable consideration,the Agreement between SFG Retirement Plan Consulting, LLC ("Advises") and The City of Arcadia,CA ("Plan Sponsor")which was executed by the parties with an effective date of July 1, 2016(s),is hereby further amended by mutual agreement,with an effective date of July 1st, 2019 as follows: APPENDIX C. —FEE SCHEDULE—Will be replaced in its entirety by the following: (i) All fees are billed in arrears. (ii) If this Agreement is terminated prior to the end of a billing period,Adviser shall be entitled to a fee, prorated for the number of days in the billing period prior to the effective date of termination. (iii) All fees will be due and payable within 30 days and are payable to "SFG Retirement Plan Consulting,LLC". (iv) The annual fee for services shall be$32,445.00 payable monthly($2,703.75 per month). This fee shall remain in effect unless Amended by an agreed upon change by both parties. The Record-keeper shall deduct the fees payable from the Plan assets and remit them to the Client on a monthly pro rata basis no later than 30 days after the end of the billing period. The Client will in turn remit the fees to the Adviser no later than 15 days after receipt of payment from the record-keeper and upon receipt of the Adviser's invoice. At Adviser's discretion,the billing period described above may be adjusted to quarterly or annually. Except as set forth in this Amendment,the Agreement and its prior amendments is/are unaffected and shall continue in full force and effect in accordance with its/their terms. If there is a conflict between this Amendment and the Agreement or any earlier amendment, the terms of this Amendment will prevail. City of Arcadia SFG Retirement Plan Consulting,LLC Dominic L City Manager Mark Shuste ,Managing Member C-3073 \100— 0 RETIREMENT PLAN CONSULTING SERVICES AGREEMENT AMENDMENT #1 In consideration of the mutual undertakings in this Amendment Agreement("Amendment") and for other good and valuable consideration,the Agreement between SFG Retirement Plan Consulting, LLC ("Adviser") and The City of Arcadia,CA ("Plan Sponsor")which was executed by the parties with an effective date of July 1,2016(s),is hereby further amended by mutual agreement,with an effective date of June 1st,2019,as follows: 1. Section 9.Receipt of Diselos ire.shall now read: Receipt of Disclosure and Consent to Electronic Delivery. Client acknowledges receipt and undertakes to review and consider the disclosures made by Shuster (including in this Agreement, the Form ADV Part 2 and Shuster Privacy Policy), in particular the portions related to services,compensation,and potential conflicts of interest,as well as the remainder of the disclosures concerning, among other matters, background information such as educational and business history, business practices such as the types of advisory set-vices provided, the methods of securities analysis used,and the like. Further,Client consents to electronic delivery(via email or other generally accepted method) of current and future distributions of Shuster's Form ADV Part 2 and Privacy Policy. Consent to electronic delivery may be canceled at any time by sending a written request to Shuster. Except as set forth in this Amendment,the Agreement and its prior amendments is/are unaffected and shall continue in full force and effect in accordance with its/their terms. If there is a conflict between this Amendment and the Agreement or any earlier amendment, the terms of this Amendment will prevail. Plan Sponsor SFG Retirement Plan Consulting,LLC C. ��"��� NAME, TITLE Sri a Mark Shust ,Managing Member Page 1