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<br />- - -- - ., ~-'~<._.~' " ..- - . ..-.,- '" . <br /> <br />Plan # 4596 <br /> <br />ADMINISTRATIVE SERVICES AGREEMENT <br /> <br />This Agreement, made as of the day of <br />, 199 , (herein referred to as the "Inception Date"), between The International <br />City Management Association Retirement Corporation ("RC"), a nonprofit corporation <br />organized and existing under the laws of the State of Delaware; and the City of <br />Sunny Isles-2 ("Employer") a City organized and existing under the laws of the State <br />of Florida with an office at 7903 East Drive, North Bay Village, Florida 33141. <br /> <br />Recitals <br /> <br />Employer acts as a public plan sponsor for a retirement plan ("Plan") with <br />responsibility to obtain investment alternatives and services for employees <br />participating in that Plan; <br /> <br />The leMA Retirement Trust (the "Trust") is a common law trust governed <br />by an elected Board of Trustees for the commingled investment of retirement funds <br />held by state and local governmental units for their employees; <br /> <br />RC acts as investment adviser to the Trust; RC has designed, and the <br />Trust offers, a series of separate funds (the "Funds") for the investment of plan <br />assets as referenced in the Trust's principal disclosure document, "Making Sound <br />Investment Decisions: A Retirement In~estment Guide." The Funds are available <br />only to public employers and only throud'h the Trust and RC. <br /> <br />In addition to serving as investment adviser to the Trust, RC provides a <br />complete offering of services to public employers for the operation of employee <br />retirement plans including, but not limited to, communications concerning investment <br />alternatives, account maintenance, account record-keeping, investment and tax <br />reporting, form processing, benefit disbursement and asset management. <br /> <br />I, <br /> <br />