| The
undersigned Employer hereby retains SDCooper Company (SDCC)
as a consultant and authorizes SDCC to provide services. (As
indicated in the ERSOP
Scenario) necessary for the orderly administration of the
Employer's employee benefit plan(s). Employer agrees that services
provided by SDCC will be subject to the review and approval
of the Employer, the Plan Administrator (as defined in the appropriate
Plan Documents) or their designated representatives, and authorizes
SDCC to deal with it's accountant and/or attorney as required.
Employer
agrees to conform to the conditions of this agreement, the
ERSOP Scenario,
and the Fee Schedule within 30 days
of the date mailed, which are subject to change by SDCC from
time to time. In the event of a delinquency in payment of
the annual administration fees for more than 30 days from
the date billed, SDCC services will be suspended, and no administration,
however urgent, will be performed until such time as payment
for delinquent fees have been received by SDCC.
SDCC
assumes no liability for penalties, adverse tax consequences
or additional costs incurred because of non-timely filling
of required government reports, applications or other documents,
if Employer is delinquent in providing information requested
by SDCC. SDCC shall not assume responsibility or liability
for actions or lack thereof of Employer's prior plan consultant,
actuary, or contract or named administrator. Employer hereby
indemnifies SDCC against any and all claims, losses, damages,
expenses, and liabilities which result or may result in connection
with the execution of Employer's responsibilities or the exercise
of discretion or from any other action or failure to act hereunder,
except when it is determined to be due to gross negligence
or willful misconduct by SDCC. Employer shall provide and
certify to such information required by SDCC to fulfill responsibilities
hereunder, and SDCC may rely on such information without audit.
In
the event of termination of SDCC services hereunder, whether
by reason of termination of the plan(s) subject to service,
or by virtue of transfer of service to a successor organization,
Employer hereby agrees to become the custodian of records,
and to certify to SDCC that it has received true and complete
files regarding the subject plan(s). SDCC retains the right
to review the files upon reasonable notice, during normal
business hours, at the premises of employer or a successor
service provider as appropriate, without fee or court order.
Employer understands that SDCC will edit the file and remove
information not relevant to the past or future administration
of the plan(s). Employer acknowledges that it will comply
with the federal record keeping requirement with respect to
the subject plan(s). Employer hereby agrees to pay SDCC the
current Records Transfer fee. In return for the foregoing,
Employer will receive the original files maintained by SDCC
with respect to the plan(s).
| AGREED
TO AND EXECUTED ON:___/___/_____ |
ACCEPTED
:___/___/_____ |
| Employer_______________________ |
For
SDCC |
| At:(City)________________(State)___ |
At:(City)________________(State)___ |
| Name
_________________________ |
By:____________________________ |
| Title___________________________ |
Title___________________________ |
| Signature:
_____________________ |
Signature:
_______________________ |
©
2001-2003SDCooper Company,Inc. Last Modified: 28-May-2004
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