County_of_Sacramento_RHSP_Adoption_Agreement.pdf

This document is an Administrative Services Agreement between ICMA Retirement Corporation (ICMA-RC), a nonprofit corporation, and the County of Sacramento, executed in February 2013. The agreement establishes the terms for making the VantageCare Retirement Health Savings (RHS) Plan available to County employees, with a plan type of VantageCare RHS and an account number of 801033. The initial contract term is three years, with options to renew for two additional three-year periods under the same terms and conditions, subject to mutual agreement on fees and compensation.

The agreement outlines ICMA-RC's responsibilities for administering the RHS Plan, including allocation of participant accounts, maintenance of individual participant accounts, provision of periodic reports, and tax withholding and reporting. The plan involves making Vantagpoint Funds, a no-load, diversified mutual fund, available for investment of public employer plan assets. The fee structure includes an annual asset-based fee that scales down as plan assets increase, ranging from 0.25% for plans with $0-$25 million to 0.00% for plans over $60 million. ICMA-RC will waive asset-based fees when plan assets reach $50 million and will reduce the annual account administration fee at certain asset thresholds, with additional provisions for account maintenance and investment options.