International City Management Association Retirement Corporation (ICMA-RC)
Description
This contract is for administrative services for the Hillsborough County Aviation Authority's retirement plan. The contract is between the Authority and International City Management Association Retirement Corporation (ICMA-RC). The services include participant enrollment, account maintenance, investment management, and benefit disbursement. The contract has a term of 5 years, with the option to renew for an additional 5 years. The Authority has agreed to use ICMA-RC's EZLink system for contribution processing and to submit contributions by ACH or wire transfer. The contract also includes provisions for indemnification, notices, and amendments. Some key points to consider are:
• The contract is for a specific term with renewal options
• The services provided are comprehensive and include investment management and benefit disbursement
• The Authority has agreed to use ICMA-RC's EZLink system for contribution processing
• The contract includes provisions for indemnification and notices
• The contract may be amended by written instrument signed by both parties