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HomeMy WebLinkAboutContract 45466-A3 CITY SECRETARY -�! CONTRACT N0. -I J`-t�(�(.P'"A3 T TIAA -rw Amendment No.3 to the Record Keeping Services Agreement Between Teachers Insurance and Annuity Association of America (TIAA) And City of Fort Worth Dated April 1,2014 Effective as of August 24,2016, or such later date as the parties shall agree by Notice, the Record Keeping Services Agreement("Agreement'), dated April 1,2014,between Teachers Insurance and Annuity Association of America ("TIAA") and City of Fort Worth ("City") as Sponsor of the City of Fort Worth 457 Deferred Compensation Plan (the "Plan(s)"), is hereby amended as follows: 1. Schedule B is hereby amended to read as follows: Plan Funding Options TIAA-CREF Mutual Funds The annual 12b-1 fee that TIAA shall receive for services rendered for the TIAA-CREF Mutual Funds listed below is 0 basis points. Fund Name Share Class Ticker TIAA-CREF International Equity Index Fund Institutional TCIEX TIAA-CREF Lifecycle Retirement Income Fund Institutional TLRIX TIAA-CREF Lifecycle Fundsill TIAA-CREF Lifecycle 2010 Fund Institutional TCTIX TIAA-CREF Lifecycle 2015 Fund Institutional TCNIX The actual Lifecycle Funds currently available as funding options under the Plans are detailed in Schedule B of this Agreement. TIAA will deem Schedule B to this Agreement to be amended to include a new Lifecycle Fund when a new Lifecycle Fund becomes available and is subsequently approved by the City to be added as a funding option under the Plans. Any additional funds,that are not part of the Lifecycle family of funds,will need a signed and executed Amendment to the Record Keeping Agreement prior to being added as a funding option under the Plans. Client/D:063299 vi.o �11L 22016 OFFICIAL RECORD Page 1 of 4 CITY SECRETARY FT. WORTH, TX TIAA Fund Name Share Class Ticker TIAA-CREF Lifecycle 2020 Fund Institutional TCWIX TIAA-CREF Lifecycle 2025 Fund Institutional TCYIX TIAA-CREF Lifecycle 2030 Fund Institutional TCRIX TIAA-CREF Lifecycle 2035 Fund Institutional TCIIX TIAA-CREF Lifecycle 2040 Fund Institutional TCOIX TIAA-CREF Lifecycle 2045 Fund Institutional TTFIX TIAA-CREF Lifecycle 2050 Fund Institutional TFTIX TIAA-CREF Lifecycle 2055 Fund Institutional TTRIX TIAA-CREF Lifecycle 2060 Fund Institutional TLXNX Non-Proprietary Mutual Funds Annual 12b-1 and Revenue Share that TIAA Fund Name receives(in basis points) Ticker American Funds New Economy R4 35 RNGEX American Funds SMALLCAP World R4 35 RSLEX BlackRock High Yield Bond Instl 15 BHYIX DFA Emerging Markets Small Cap I 0 DEMSX DFA Real Estate Securities I 0 DFREX Goldman Sachs Small Cap Value Instl 15 GSSIX Harbor International Administrative 25 HRINX Invesco Diversified Dividend R5 35 DDFIX Metropolitan West Total Return Bond I 10 MWTIX Scout Mid Cap 35 UMBMX Templeton Global Bond Adv 25 TGBAX Vanguard Institutional Index I 0 VINIX Vanguard Mid Cap Index Adm 0 VIMAX Vanguard Small Cap Index Adm 0 VSMAX Vanguard Total Bond Market Index Adm 0 VBTLX Vanguard Treasury Money Mkt Inv 0 VUSXX Client ID:065299 V1.0 Page 2 of 4 L TIAA Collective Investment Trust Annual 12b-1 and Revenue Share that Fund Name TIAA receives (in basis points) Ticker ICMA-RC VantageTrust PLUS Fund R9+ 3 ICMB# TIAA Brokerage Account Notwithstanding any other provision of the Agreement to which this Schedule is attached to the contrary, the following provisions shall apply to the TIAA Brokerage Account. If so directed by the City and subject to TIAA's acceptance of a properly executed TIAA Retirement Plan Self-Directed Brokerage Account Application of a Plan participant or Beneficiary, all or a portion of the assets of the accounts of a Plan shall be segregated into individual TIAA Brokerage Accounts established for the benefit of Plan participants and Beneficiaries. Pursuant to the terms of the applicable Plan, each participant or Beneficiary shall have the power to direct the investment and reinvestment of assets in the TIAA Brokerage Account established for his or her benefit, subject to such administrative rules and procedures as TIAA may establish. Pursuant to the terms of the applicable Plan, participants and Beneficiaries shall provide instructions regarding the investment of the TIAA Brokerage Account directly to the broker appointed for purposes of executing transactions under the account. For 403(b) Plans, investments in the TIAA Brokerage Account shall be limited to mutual funds in accordance with Internal Revenue Code Section 403(b)(7). a Teachers Insurance and Annuity Association of America By: Date: 6/29/2016 Print Name: Stephanie Morano Title: Manager, Client Agreement Team Client!D:065299 OFFICIAL RECORD vl.o CITY SECRETARY Page 3 of 4 FT. WORTH,TX L"' :, TIAA City of Qt Worth By u~' Date:--2 Print Name: ,--S U-S a'-7t-v41,z-x-t s Title: �`7�1f; �� a' �r APFROV LD AS TO F® FORM AND LEGALITY: 0 X -Q10T S d K1T�. T, 1 ►' Maly (-it' At�Rt�FY j>-, � "'IECEIVEL) JJL 7 2016 Client ID:065299 V1.0 OFFICIAL RECORD Page 4 of 4 CITY SECRETARY FT. WORTH, TX