File #: RES-18:109    Version: 1 Name: AMEND THE CONTRACT WITH 1ST SECURITY BANK, INTRUST, N.A. AND NESTEGG CONSULTING INC, TO PROVIDE SERVICES FOR THE CITY OF JONESBORO NON UNIFORMED EMPLOYEES 401 (a) DEFINED CONTRIBUTION PLAN
Type: Resolution Status: Postponed Indefinitely
File created: 7/3/2018 In control: Finance & Administration Council Committee
On agenda: Final action: 7/31/2018
Title: A RESOLUTION AUTHORIZING THE CITY OF JONESBORO TO AMEND THE CONTRACT WITH 1ST SECURITY BANK, INTRUST, N.A. AND NESTEGG CONSULTING INC, TO PROVIDE SERVICES FOR THE CITY OF JONESBORO NON UNIFORMED EMPLOYEES 401 (a) DEFINED CONTRIBUTION PLAN
Sponsors: Human Resources, Finance
Indexes: Employee benefits
Attachments: 1. Amendment Two to 401(a)
Related files: RES-15:123, RES-15:122, RES-18:108, RES-18:107, CON-464, RES-11:211

Title

A RESOLUTION AUTHORIZING THE CITY OF JONESBORO TO AMEND THE CONTRACT WITH 1ST SECURITY BANK, INTRUST, N.A. AND NESTEGG CONSULTING INC, TO PROVIDE SERVICES FOR THE CITY OF JONESBORO NON UNIFORMED EMPLOYEES 401 (a) DEFINED CONTRIBUTION PLAN

Body

WHEREAS, the City Council has previously established the City of Jonesboro, Arkansas Non-Uniformed Employees 401(a) Defined Contribution Plan (the “Plan”); and

 

WHEREAS, Section 8.1 of the Plan allows the City, through appropriate action of the City Council, to amend the Plan at any time and from time to time; and

 

WHEREAS, the City desires the amend the Plan in the manner stated in the attached hereto Amendment Two to the City of Jonesboro, Arkansas Non-Uniformed Employees 401(a) Defined Contribution Plan (the “Amendment”).

NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:

 

Section 1: The City Council hereby approves and adopts the Amendment; and

 

Section 2:  The Mayor and City Clerk are hereby authorized to execute such Amendment.