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HomeMy WebLinkAbout1945 and 1977 Defined Benefit Plans Augusta Richmond GA DOCUMENT NAME: J ~ L/ 5 and I t1 7 7 De..~; (\~ be-niP, t PI ()..I)$ DOCUMENT TYPE: rn e- tYlO r- o-.-n d u '(Y\ YEAR: I q0 G BOX NUMBER: FILE NUMBER: I P- 7 3 7 NUMBER OF PAGES: 5 , ~ ;. ~ i., ID~ ~.~ i.""~; ~"'1;-~ i::~~'\~~~"\Ol.~i1~;~~ . I" '{''''' ,{:P;JJ I ',," ; ft li/-; "'.' 1;',"\ . } ~ ~ ~. ~~.'1. ~ ~ "~.r' ~ ~:::i, I : .~ " li),. ~';j ll."?jJ;;'J' '" 1.'" ,,:,.., i ,:., '~l ~ ~~ .~~ "a.~r .. ',' "<11,;, 'L;d.: .1! ';"i. .., :> k ; i: I.~Q>,..J . -II". .. ',' " L!\'h'''\~ !::~J , ! JUL 17 19~~ ","~" '~fnr.i~W!~1j::U~ .'.!~~~e1\~I~:~ '~m.l'>~ .:~u: .r(,)~;~~::lij)?ttE~ ;Oi-~KiE ...>iJf\1ttiU '.S.II.jI.ljUITlTI a......... ~ ... y " ". BOARD Of COlo/KMKSSKONERS 'LARRY E.SCONYERS Chairman FREDDIE L. HANDY Vice-Chairman HENRY H. BRIGHAM JERRY BRIGHAM Wm. 'WILLIE' H. MAYS. III LEE NEEL, 111 J. B. POWELL MOSES TODD ROOM 605 . CITY-COUNTY MUNICIPAL BLDG. (11) AUGUSTA, GEORGIA 30911 Bus. (706) 821-24B8 Fax No. (706) 722-5964 July 17, 1996 Mrs. Linda W. Beazley Interim Administrator - Administration City-County Bldg. (11) Augusta, GA 30911 APPROVED AUG RE: Finance Committee 6 1996 Dear Linda: (AUGUSTA.RICHMOND COUNlY COMMISSION) LINDA W. BEAZLEY County Administralor WALTER S. HORNSBY, III Asst. County Administrator JAMES B. WALL County Allomey Raply To: P. O. BOX 2125 Augusta, GA 30903 Pursuant to your memo of July 12, I have reviewed the enclosed material from Qualified plan Administrators, Inc., and request that you place this on the Finance Committee's agenda for their consideration. Thanking you and with best personal regards, I am truly, JBWjsjp Enclosures cc: Mr. A. B. "Butch" McKie .., Office of the Administrators Room 801' . City-County Bldg (11) 530 Greene Street Augusta. Georgia 30911 (706) 821-2400 FAX (706) 821-2819 Linda W. Beazley Administration Charles T. Dillard Operations MEMORANDUM TO: Jim Wall, Attorney - Administration~ FROM: Linda W. Beazley, Interim Administrator RE: 1945 & 1977 DEFINED BENEFIT PLANS DATE: July 12, 1996 The attached agreement has been sent to me by Butch McKie advising me that these folks are the Administrators for our pension plans and that you should review and then take to Commission-Council. If you have any questions call me or Butch. Thank you! LWB/mrk Attachment . .' KINOlbczlwa1l712 : '.' , , ' . ~ :,QtJALlEIED,r~AN.. .,', ..' , ,. ::ADMINIS.TRAT()RS"':INC~".':" ..'.. " ::'.. '. . " -. '''.. ','.' .:. ", ',' ..,. ,~ '.' '.' :.' ,c. >'," . . ,- R~tirem'entPl(m Compliance & Adm in;ls'tra't ion' , l . ~.. _.-'..= ,". . ': . Karen F:. Dixon, Prestde,fit;'{fsVr:J:'l ~~H~vF ~',~ll\\ \. ; .. ' . . ,',' " .'~~:'~'lii.i;!\,~;;;:~"'!J.~,<i!!~:i''- . .. ' .,' i", Ii (e'i1lf,'iiJ." -. ,-' IRI~ - I . -' ~ ~ r fl~, \[~. '. .' ~ '.... ~ , " ;;1 !4r '., ~j.':~;!(" JU~'l@ ~r~l, ""-',. . ...-. <, ~. .: ~ . .' , ~'. '. . ". .;... . , , . :,j~ne~19; 1996....~ :.. '," -.-' ,: ., . ., ;.,1 . " " . .. '. "I /\~;;j;.iw)i'i0 C0lj\in:". .: " ....;- .."....,rn,....,...:...~'r....'- 'r;:~:rir-' HQ~f\Q:.Oi. ~,u;;;t~;~~,!('~'\..!(..:~ ~J: ~r .:J~, ' . ,'. ...~ .; ... .' - ',,' J ~ ..;-', . .:' ", : " ....,;, fI'- .:, ". ,',,-. ..... ~r.~-A. B. ButcJl: McKIe, Jr.: . ,: ,'., Richmon~',Col.1;nty"~omptrQll~r:'.'. '.. " . . City ~Co1;lnty M~ni.cipal Building,. ,Room '}.O,7 ".' AugUsta:,;' GA' J09~i . ~ " ", .,' ," , .... . >.' . , .. I' c. ,~ . '.. -~ , c " (", " .' . ." ,,' ,.' ,..t' _ r _.,' . " . ,,, ". ,"., ":" . .; . Re:p _. Richmond' CQunty~. Georgia:)945 &. i97? ,Defined Heiwfit Plans ' " - .> ';;..Adrriinistnition'" '." "..' ',' - ,,' .. , ".".' , . ~. , .; . " ,'. ' , : '.- t " . ~ " t ," . ." . , ',')., '., .' Dear~M~~l~:'~:" ,'... ,', .' ,I", . . > ~ " {. 1<'._. ':./ ..' -,". . .~(.. '. " ': ,_ ,_' . '. .','.,.,,~'.' :i~ ". ' ',', :.'. ; '.' .... .,_': . _.'.- ~:. '. '.. ','~ ~ ~'.', " ,~!:.' '.\. " ,. . 'Th~followin:gis: alistof.retin~Ihent:pla~ s~ry.:i2~s'avaiIable {romQu~lifiedp'lan.AdministratQi:s; Inc. ,We hope . '. to, better in~ityour' expect~t.ions of servic~ 'by c1earIy" identifying the partiCular 'serviC~s 'to p~ provid~d and 'by. ~ " '.. . . ..'\ " ,,'. ..,., .... .' . I . . ,. 1.,.... - .,.. ',.. . _..... , ...outlmmg.the.ten.nsofour,bIlI~J;1g.. ...:,',:., < .'-. " . '''';; . . ' .' ~, . ;. ,c,";"':'-' : ':":"~': '_. >:,"-: :'..;';:';'~'.;"i;.''':'''",,' ":". *',' '.,;. ..,. '. '.~:~~',...'" ~ '.' .l:..fi>.~~!~';..... tj~' ',;";:'.:.i;"i'::"~;;:"';lMONTHLY SERVICES , ,:_:" r.o', '''. . .. :'> :.<~;., ~~pi,~;;~'-~;j 1~4ir;;,~ :'~ ;/!r/;:-:J~:'~~' ,;;;' '<li,nI' ;':,';:': :) ;w'e ;;' " ". " .. '. ' . ., '.'0 . ., ';", .Contribution p'roces~,iilg, :,,:,..:, ~" \ . .',,' " .' ,_ ' .', ..' Re'conciliation' Of 'trust assets, ' .' . , '<., ( . . .' . ,.: ;.:. : .:~ .. '\Update partitiparit.acco~rits ';. '~ -', '. < . ,:', ", ,':, ;'. ; .' .: '> ". ',:. - 'Statements o(Ne(Assets' Available,[oLPlan'Benefits -(: . " \ " .. . "'-.:" " . r'" \1: '. . ,-' I 0 ',' . - : _ 0 ".: .. ' . ' '_ . ~ .... A . '.' t .' . - . .... ' , . .'" _ :.... /S!*t~lUentof~h4nge'fiIi Ne(A#ets"'j\vailable:for plap. BenefIts:',"" .. . ",.' ..' . 'Schedule of Plan Investrrieilts', ..;...... '..... ,:..' .,....' .,..:' '. . ."Sc'he~uleof GaiiJ(L6ss)' on 'Sale ot'Iilvestrllerits .' 0,,' ." _ ' ~.... . .....~, ~, ~~' '.~'~ ,....) ..;.....'--~: I ~ I .... ...... . /-f .', . ; , ~ ',' , , .' .. :~ , . " " ~ '-: . . . J * Monthly financial'statements eff~ctive. AUgUsf 1, 1996 ., .l. .'.. ".:. '\. '..:' (t" - : '. . '. 0 ~ '. - ~ . :: .... J; 0.. "- . ';. '~'.'.' :,' ANNUAL SERVICES', " '"c,' -. -- . " , J' ....., .'1:'" I ,. " . _' , '. ' , _ .', . _ -.... - I '" --.l ..' ~ .',,',,' , .' , . . .,,~. Reconciliation,"of trtis.t>~ssets . ", ,.. ..' '. ,,' . '. ",.' .:" ~ .-,;: 'Prep~rati.bii of;Su~ary A!illU:aLR~ports' .-' ..'. ' "", " ,:" ". .' , ; . .'. ::., .~: "f :,~iateinen:ts Qt.'N~t.Assets"Avaihible,fQr:planBenefits'..'., ,..', ,..." .:.<.:0' " - : . , ': ,.' ".' '. ,.'Statement of Chan~es in Net Assets. Available'for Plan Benefits ...',.,. " ,:. , ,. " - ......1 . 'J :-' . ,,~'. , .' , -.. . : "Schedule of Plan Investments, '.;. " :' 1 . ,:.: : ,,'." .', " { . . ,;. , "'. .- . . ..' J , , . J.< ( ,. . I, ~.. . .. '.- .; "'. .' . Schedule' of: Gairil (LQ'ss) on ''sale; 6f '-investments' . ... ' . .. r I '. '. . , . 0 , ~ . ~. 1IIi.... ~ Coordination'with.,.Plan'Auditor / .. L I . t ~ . ,'. ':'~ I '. '.,' ~ -' '. 1 "., ., . ,'r '- . " ',' . ',~' ~ ) .' " . .... '. ~ -",j- ; :.- I? '-; il.~'. , . " :-'..!. . l : ~ . _.1' . " :' . ~ '\ "".. 0' t.... .', .' 'f " . J' ,.' " \ \. "0' l' ~ '::\ .',' R O:B~x .1171,' "f~~~~a,G~o~~ia~~09Q3.> (?O~) .7~4~~?~7, <Fax'(7p~) 72i:~io8':;' , . . .; " , , . ;. " . '.'. ."-, ~ , , 'li'- \' , ' i' , :~ .~ .,-- "-,:,.' . '. -. .' ' .... ~- :;,;., - ,', ,. .. ,~. . . . : i '. ... ~ .~. 1 _, ,', ..' .' ~ ...:[1..... \ ..;.', _..r" . .Mr. /...:13. "Butch'" McKie: . "'. .', " ~June 19 1996' I ~ . _ ' , . "l . ,Page,2' , . ,J r' ..,'.;. -h..:~ _ "" .~. .,,.;.....;. ".-~I # ".; i., '., j~' , " .) .~.. . _.... -, '. ..~" .', . .:- . , , ' , . '. 0\. : . # I I,,: , " " - We' ~ssume all information pro'victed by yoii will be complete and accurate. 'We'wilibe':avililable to meet with. .: " you .~~, your 'e~ploy~'es . ~o '.r~v.iew ~idir~rhehfp}ah:' illfo~atio.ri, "a~d ~,tb : c()nfe~' ~ith,' ter~iIi.~ted 'or.ret~ring' "': . \:,participahtsa's well as inves4nent})iok~rs :~nd~.niaJ?ag~rs~.' Allcdhtact:fr9.!TI par1Jcipa~t&.m~st'p~ authorized by . ':' 'the.Plan'.Trustees. .- pieaseindicate y~utpreferepce on .this)natter below':, If you' agree.' to contrac~ for this ':1iervice, "we ~\yiil field ques~ions from .p'articip~mi:atid/ or investlnenfbrokets and ~managers:" It' not; any sti~1). 'calls " wiil.b~ 'refern;d 'by' "QPA" to 'th~:Tnis~e~s." .'~. ,," ',,', :',' '. ,;.':,... . " , .:;'..-' '. ... . T ,,", .; ,.. " , , Yes , " No " , . . -~. ;'. . " ,- . -. '. .: '. "'1 ." ,.' . . ' ,'-. - ,:-. '."/'" . '- . . .ragiee"t6 'i;cintr~ct.With QPA -for con(ereilces '~ith. current; .'" . :' ,. 1-; ~ . , . ~.' . -. ....'._.". -,. { . , ~, teilninate.d, ,arid/or ,retired :partitip'ants'of~~his Plan. . . ',", '. .' .'. , '._ ,: , .,. "~.'.-..,.:" '\:' .' . ..~, .~' ,c '._ .1 :.,: '. " t .r ".' ,~.', . I agre~, to. contract with Q P A, for mimaglng' participant ,distrIbutions from' . .' " C ,.thi,s plan,: onc~.initiar distribution 'al:lthqri~aii()n~has bee~ issued':: ' ; :'''. .,'. '5. . '.r: ,'. . '}" . - _'< . ... '.: '. . '. .'. ,1 ,.,' - .-,:'.', - ,- - ,. _ ,'-. ..' _ , '~' ' . .~. agree to 'contract"'Yitp QPA. for 20hf~ren~e~ wi~h 'il}.vestIn,t:nt .b~okers and' " ~. . managers, on' behalf 9f. this Plai1~ '. ': : .' , , , ..-... .. , - - : ,,' , ".,. I I,' ~,' ,~.~ '" ~ .- .', , ,-, ..,.~ ~. .' I "', ..... :-., . .'1 " '. ... " .--...:...-" t. .,,' "1 '. , .,' , , ' ',- . --,--' .. . . . . ~ ~'~ . , .'J;~ ,,' ' , (' .' . ." '., . '. '- 1_ '. _' .' : *".' , ;. i, ... /." ., '. '. ., t~ _ .' . , .':, -'. " . . . " : . A~ministrative,fees'aie' ~ased ontq<;{folloWing,: assumptio~:' ,., ._..'. .' , , ,.:;,. . .' iii' ~~,:600 'eligible:.aridp~rticipati~g ~mpioye.es' . " ',' ::' '.','.. ';~ .' '. ". ' ,:.... ~ : ':.' , '.':'.",' pata Is reported to:lls"tis'ing'our;'spre~qsh~~tfQqnais frOrrl' a~ing~e reporting "s'ollrce,'. ";..' ," ..',': ,All;assets are held.iJ;l'orie:br9~er~ge,ac'count ,-': :,',' " '.', '. ':' ":,::-..,-::,:,~:.:",,,~,.:~,~>}:q~t~i~uHo~sare:,r~o:ce:~s~d,;~n.~:b~i~~ontliI~'b~~i~' ':':"" ,,' ". "':.:;-:. ,':'< "". " :-'.....:..' ..' '. We estiniate . our. 'fees for, t4e list~d: s.erviCeswill be $Z5~OOO arnlually. "~nvoiGes' will' pe subl11iitedmonthly along ">' .>, . '.wit1tttiefi~~ncialistat~Ihents:' .SigI1ificaii(~o.~~~.it(lti6n~ or ~'non-ro~iine'mit1:Ire~:JR~ 'exawinations or o,ut: of ,i '.. town\~onferences' are. subject to.our h6urly'rates::of'$100: ., ., .' '.. . . '.'~. ...., ',~." ,". '-. '1 J '4" ". ~.:.,... ....'.,..-,. ~. .... . :~. .' . .. .~ .' . , ;', _' . ;'.' _ t . . .'.,..., . ;. ; ~, .;' Fees-.foraci(j'itioilai~servi~es.ifrieeded:'" .,';" :'::", . . '. , , .. .,' :. !. < r . ~._ _ ... l'. ,I . .. ;:: ' '~.... ,. ... ." .'.... , .,: ,-' ,':. , " ,0 .' .. .., ... .. ,'( : ".' ";.' . , . ....':FEES: " , . ,. / , '. " , .. t. " ..' . . '.:,' Restatement 6fPlaD. DOi;uin;ents. . .' . i'.: . l'., :, . .' . '~. "$};500.00 ". ":1 ( , :~ . . .1. ';' ,...... .,/ . " : - . '.- t .,.. ," .... ' ' :.. . ''','' .... .'... ~'J. . .,' :' ',. _. '. ~' ,... _.; , . . . ~ AIri1u~I- document ,mainfenance f~e;.':' .: ,'.-~-, , . ..-.r . i It' , '." " I' ,'. '::, ,:}50;OO,' .'~ , '~ . ' . -'!, :,',: ,,:' .';;, '.. 1:5.00: i , . . :.-: r -. .... ":.r' , ' ,:',.- ~~:,IR~ F~~' iO?,9:'R ,,(pe;:forni.c~aFg~)"'" 't' , , ..' r ~ _ . ~ ,< ""', . ...,', " ,. ..... , , 'J~ . '.., . '. .: 'I" '" .'. '.'.':--' ., ,I , . ( '. - ,l .:;.: ~ . ,. ,:"" " " , " '.~'" ','. . : .'. . ~ ~ . ". ,.' " . ..., " " . ", , '--; " , - ", I'" \ " "-,: .", , .: .' : . -' '. ~, . ..' ." . , ':,. . ": ." ~ . '>' ", I. . '1' . , '., r " , .....: , . '. . .r " , ,f " , .' -...... ..., ,i"", .' :, ,.' i: ,', . {". :,.,' ,.' .f ..... ~ " , . ,., . .1, . ....,:.-. J . . I " I' . . , . , " " ,"'.. . ....;..,J -\' '.' " , ':-: ..,' " . ..1, .- / . . ,..;. " ;"'. . .t.;'".; ..~,:...\~:..'. , '.", ~.I~ -V ',_:.._f. _ .:-- .;.. < . ., , .. ... 'L '...g.'.;..,".. .,' ~ . ~ , " . , . . .. . 'i- ..' , .-.. , " . . ~ r: 1 ':' "-.- '. ',- ..' "":' ".~ \ "4., JI ' . J1' '. . '0' '" '..' .,:,ML A. R .Butch McK!e ')une 19,'1996:' '..;page:3 ., ' .:..... : . .' " .. , c.' , . ,', " ,:1 .... ., .. -' :: ~ .': - .: ,/ .:: .... " .... , .\. , ~:../ . t" . .)>, . . . .... ~ " f .~ 'I' ~ '. _ " .' c' . \. . .' .'/,.~' . .'. ,.:.,....... ....; _: .... . :........:. ": .,.' . '~_"~."" - '.. : '-., :"..> .r ; '" - ~- "" ~. , . '_' If you~, ac_~ept:'th~' ~efri)s of-'ibis' enga'geznent~we_wi.il"l1ot' sen(l..~n'updaied'l~ttet"annually(tf;,~t'sOIri~ pOInt in." . . time,' you; wi'sh to terminate.' the t~rn1S- of:th.is'e.ngagement,':Y9U must' .submit a. notice in wdting: ' AQY time..,.' .",charged:to yqu thro1:lgh ~ai datewi11_pe6ili~d: ",'N9' futUi:-e~time:wil~ btH::harged:." ,"' . , '. .t"': ',;" "( :-": . ..... . .: " ,',/: '.:' ::'., >/"" :.-: ',,','. < ;::':: '. =.' , ;, ' . ' ,..,........',';, , " , .,.. Please .~alI .QP.A::if.y.ou)ia-Ve 'any' 'qu'estiq'ns.'regaiqil).g th!s.erigagemepi: Otheiwise/iLyou agre'e, with the .,'te~s' '. ,." and obj~ct.i~e(o(our 'service.s, please:r~ll in '.tl)e':app~6p.riate .boxe.s; s,ign:l?~low, ~i1d: return ~e' oiiginallettir . " , to. QPA:>keep:a'.copy for yo~r'tiles. " , '.', ..-", :~ ".' ,:' :',~. -: .' '.' i '.'.." :..' .<:', ':'. --: ~__.' . \ . "..., " . . ":-".' :.' ';:-,': :"'~": - ,,'-",', I':'" ,:.:,.:.,:: "... ...." ,'..' " .' .',', '~:, c',,'.,'::.- . ;,. . .~'. We 'app'red~te ,yOur. ~u~ineSs jirict: i?~'k:: fQt~~ra :.to ~ ~ 'long 'anst : mutually : re1arpihg' iel~ti6nship', . . ' .', ~ " ~,'.~, { . '~...sl~.:meiy;i. . ...~. ,'.": ." ",' . I .', " ";:""'. ".":.<-1 "):.,':--./' .,,: ' , "":'*' :~,/IU. .':Kat:en F. Pixon:". ',,' ".' .: ,,', ro.... . ,. . \ . '\." ! \ . :\ ~ ,: .... '.~ " ~.': , ~. ". . ,'. .~ , " \' ........ . ",'.' '..' , .. ,', ,..' ',. . ' " ,. '. '.,t ~.\ - .~,\" " I, I.: . .';' . '. 'f' - .. ~~ .". t " ..., '.. . '1.. . -', r'. '., . ~. " , ". ~ '. , ......... " 1 ,,'. . . _ '- .~ . . . . . . '- , , .. _, ~: . '. .," M ).-'" _,I .... r.,':, . '"'>,' '.,.':' " . ,I ; ~ ", '. .'.' .' " " ..' Riclimo,~dCou~tY~'ge~tgi~ service.:.a~'tho.r~zat~?~ arid, engagemeI;lt.-ag!~e~ent ~u~h<?rlzation accep~.ed ,by:. ' . " '---. .' ~.. ';' .. /'. / '. '~~ . . . .'~ . . '. .....' " '. " , ~. . .'~ .'f, " .... ." . ~ ". j .....i. , . .;, ,"'-'-,-" .- '.', '. l' . -,' " . l__' ~' '. '.' \ ,. , .". ',;As:,:~.'.' '.'.'- .t. , , . -..... ,'J. ' '" !' '. , :~ .' , .'.f. .. ;( '; ,> , . ~ . ," .'\ l' -.( ., . ;....1'. ,', '..' ,Oat~::', . " -. :.' '. '. ,.,> . . t..... ~.J' , ',' . ,'. ~ . I, ',' , , , . '\. ;, .'",:' .\ . ". < . '. ...... "",' '0'''' . ,. . -. ",' " '. d ,. . -.. .j..... I,' '. . , .....z.. ,'," .-' , \ ""1 .'\.... "r" '..... -- " . ,,,, . r', " ,'r .: .',' : :-",,'. c _I..... .f... '. '-' .... -::"."f ., : , ' , :.> . ~. " . I." ',,' .. . ; :..... , ; .. " , '. 'J '.' ;',' .-.' -'),'/. , . :.'.... , ,( "j:- ; . t ...... '" "-"1 , , ,.. ; I, ~ ~ , .,.. , """ ~ '. ,'~ . ~.' .~ . ,'. \O,._l ','. "'. . ....~i..: .' ,,,", -.' . ,,' . ',_.'. "" ..... . . "'1; " .. ,-;. '" ;.,' . ~: " \'.. o -t.O -}, 0" l',~. ". " .', " , . .,.. . "." 'I" . ~:; '.' " . F "'J" . . ..: ,.~ . .. . _ ~':l ", . , .', J