ADOPTED - JULY 28, 1998
Agenda Item No. 17
Introduced by the Administrative Services/Personnel and Finance Committees of the:
INGHAM COUNTY BOARD OF COMMISSIONERS
RESOLUTION TO ADD THE STATE FIRST FINANCIAL ASSET MANAGEMENT DEFERRED COMPENSATION PLAN
RESOLUTION #98-169
WHEREAS, the Ingham County Deferred Compensation Committee would like to offer an alternative Deferred Compensation Program to Ingham County employees; and
WHEREAS, State First Financial has proposed to provide its Asset Management Program through SEI Trust Company to those employees that have a $5,000 minimum investment amount; and
WHEREAS, State First Financial will also provide to employees who have an account with SEI general financial planning at no charge, and for those employees that do not meet the minimum investment amount would be charged $ 75.00 per hour for this service.
THEREFORE BE IT RESOLVED, that a contract is authorized with State First Financial for their Asset Management Plan, and financial planning services.
BE IT FURTHER RESOLVED, that the State First Financial Plan and services be provided to employees at no cost to the County.
BE IT FURTHER RESOLVED, that the State First Plan will not replace the PEBSCO Deferred Compensation Plan.
BE IT FURTHER RESOLVED, the Board Chairperson is authorized to sign any necessary contracts after review by the County Attorney.
ADMINISTRATIVE SERVICES/PERSONNEL: Yeas: Grebner, Hunting, Pratt, Juall Nays: None Absent: McDonald Approved 7/21/98
FINANCE: Yeas: Goulet, Keefe, Grebner, Czarnecki, Bernero, Schafer
Nays: None Absent: McDonald Approved 7/22/98