| The
undersigned Employer hereby retains SDCooper Company (SDCC)
as a consultant and authorizes SDCC to provide services. (As
indicated in the attached SDCC Service Schedule) necessary for
the orderly administration of Employer's employee benefit plan(s).
Employer agrees that services provided by SDCC will be subject
to the review and approval of 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
Service Schedule, and the Fee Schedules
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 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 has 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:
_______________________ |
©
2001-2003 SDCooper Company,Inc. Last Modified: 28-May-2004
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