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Meeting Date:
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6/7/2021 - 6:00 PM
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Category:
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Administrative Services
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Type:
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Action
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Subject:
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Accept and approve the RENEWAL agreement between Broken Arrow Public Schools and Pension Solutions, Inc., PSI, to provide a service agreement for Administrative Services for the 457(b) Deferred Compensation Plan. R. Stecker
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Enclosure
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Agreement
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File Attachment:
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Summary:
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The dates of service will be 7/1/2021 through 6/30/2022. PSI agrees to perform the administrative services and only those services set forth in this Agreement (the "Services"). PSI is not responsible for any services rendered, or to be rendered, on behalf of the Plan by any party prior to the date of this Agreement, or for any services that PSI has not specifically agreed to perform on behalf of the Plan. Pursuant to this Agreement, PSI is serving as a third-party administrator for the Plan. PSI is not the Plan Administrator, as the term "plan administrator" is defined by the Plan and is not a fiduciary with respect to the Plan. The Plan Administrator specifically acknowledges that PSI provides no investment advice whatsoever, and has no authority, discretionary or otherwise, over Plan assets or administrative decisions.
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Funding:
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General Fund
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Recommendation:
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Approve
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Approvals:
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Recommended By:
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Signed By:
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Debbie Hill - Board Clerk
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Signed By:
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Lori Kerns - Assistant Superintendent of Personnel & Administrative Services
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Signed By:
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Janet Vinson - Superintendent
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Vote Results:
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| Original Motion | | Member Jerry Denton Moved, Member John Cockrell seconded to approve the Original motion 'Approve'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Brandy Roulet | Yes | | John Cockrell | Yes | | Steve Majors | Yes | | Steve Allen | Yes | | Jerry Denton | Yes | |
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