6-Executed 457 Adoption Agreement.pdf

This file is a Governmental 457(b) Plan Adoption Agreement for the City of Tempe, Arizona, administered by Nationwide Financial Services, Inc. The document establishes a deferred compensation retirement plan for eligible city employees, with an original effective date of September 20, 1979, and a restatement effective date of December 2, 2024. The plan allows eligible employees to make salary deferrals, with the employer offering matching contributions under a discretionary allocation method, and provides for both Roth deferrals and traditional pre-tax deferrals. The plan includes standard distribution options, vesting schedules with full and immediate vesting for all contributions, and various investment direction options for all account types.

The plan operates under a separate trust agreement with Nationwide Trust Company, FSB, located in Columbus, Ohio, and includes participant loan provisions with standard terms and conditions. The City of Tempe, identified by EIN 86-6000262, serves as both the employer and plan administrator, with the plan year running from July 1st to June 30th annually. The agreement incorporates comprehensive eligibility requirements, compensation definitions, and distribution provisions that comply with applicable federal regulations for governmental 457(b) plans. Funding is provided through employee salary deferrals and discretionary employer matching contributions, with daily plan valuation and standard administrative features typical of municipal deferred compensation programs.