HomeMy WebLinkAbout 19-46 401(a) Retirement PlanRESOLUTION 19-46
A RESOLUTION APPROVING A MONEY PURCHASE RETIREMENT PLAN 401(a) FOR THE TOWN OF
FIRESTONE, COLORADO
Plan # 10-0043
WHEREAS, the Town of Firestone has employees rendering valuable services; and
WHEREAS, the establishment of a Money Purchase Retirement Plan benefits employees by
providing funds for retirement and funds for their beneficiaries in the event of death; and
WHEREAS, the Town of Firestone desires that its Money Purchase Retirement Plan 401(a) be
administered by ICMA Retirement Corporation and that the funds held in such plan be invested in
VantageTrust, a trust established by public employers for the collective investment of funds held under
their retirement and deferred compensation plans:
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF FIRESTONE,
COLORADO:
Hereby establishes or has established a Money Purchase Retirement Plan 401(a) (the "Plan") in
the form of:
The ICMA Retirement Corporation Governmental Money Purchase Plan 401(a) & Trust, pursuant
to the specific provisions of the Adoption Agreement (executed copy attached hereto).
The Plan shall be maintained for the exclusive benefit of eligible employees and their beneficiaries; and
BE IT FURTHER RESOLVED THAT the Town of Firestone hereby adopts the Declaration of Trust of
VantageTrust, intending this adoption to be operative with respect to any retirement or deferred
compensation plan subsequently established by the Town of Firestone, if the assets of the Plan are to be
invested in VantageTrust.
BE IT FURTHER RESOLVED that the Town of Firestone hereby agrees to serve as trustee under
the Plan and to invest funds held under the Plan in VantageTrust; and
BE IT FURTHER RESOLVED that the Finance Director shall be the coordinator for the Plan; shall
receive necessary reports, notices, etc. from ICMA Retirement Corporation or VantageTrust; shall cast,
on behalf of the Town of Firestone, any required votes under VantageTrust; may delegate any
Administrative duties, to carry out the plan, may be assigned to the appropriate departments, and is
authorized to execute all necessary agreements with ICMA Retirement Corporation incidental to the
administration of the Plan.
PASSED AND ADOPTED this 12th day ofJune 2019. "
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ATTEST: 4
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Leah Vanarsdall, Town Clerk