403B/457B Retirement

This agreement establishes a long‑term partnership for the administration of Fauquier County’s 403(b) and 457(b) retirement plans. Voya provides full plan‑sponsor services, including accounting, participant record‑keeping, disbursements, investment education, and broker‑dealer functions, while also managing the investment‑option lineup and complying with regulatory holds. • Core administrative services: contribution processing, tax withholding, loan administration, and participant‑directed changes. • Broker‑dealer responsibilities: marketing, enrollment, trade settlement, and investment‑option management (with 45‑/90‑day notice requirements for changes). • Financial terms: an asset‑based fee of 0.17 % per year of average daily balances, payable monthly, plus any optional ancillary services. • Governance: 5‑year initial term (1 Apr 2018 – 31 Mar 2023) with up to five one‑year automatic renewals; termination rights, cure periods, and detailed notice procedures are defined. • Compliance & risk: mandatory insurance coverage, indemnification clauses, audit rights, and DROS hold provisions (up to 18 months).