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Plan Rollouts Terms and Conditions

Plan Rollouts, a division of Plan Notice, LLC

Agreement Terms

This Agreement is entered into between Plan Rollouts, a division of Plan Notice, LLC, and the Plan and Plan Administrator. By accepting these terms, you acknowledge and agree to the following:

1. Engagement

You agree to allow Plan Rollouts to perform non-fiduciary services, detailed in Exhibit A. Plan information and access will be provided for Plan Rollouts to perform these services.

2. Indemnification

Plan Rollouts agrees to indemnify and hold harmless the Plan, Plan Sponsor, and Plan Administrator from any losses, claims, or liabilities resulting from participant claims related to the services provided.

3. General Terms

You agree that the general terms outlined in Exhibit B are applicable to this Agreement.

4. Term

This Agreement remains in effect until terminated in writing by any party with 30 days' notice.

5. Fees

No fees are payable by the Sponsor or Plan for these services.

6. Electronic Signatures

You agree that this Agreement may be signed electronically and that electronic signatures will be considered as original signatures.

Services Overview (Exhibit A)

Plan Rollouts will perform the following services:

• Participant Review: Plan Rollouts will review participants' employment status and vested balances to identify those meeting IRS guidelines for non-elective distributions.
• Distribution Processes: Plan Rollouts will manage the required processes for non-elective distributions, including notifying participants and transferring their balances to a designated IRA provider.

Specific Service Terms:

• Participants will be reported according to IRS guidelines; the Plan Administrator cannot select or exclude participants from the reported file.
• The Plan Administrator is responsible for notifying Plan Rollouts of any service provider changes and for ensuring Plan Rollouts has access to necessary plan data.

General Terms (Exhibit B)

1. Termination

This Agreement may be terminated with 30 days’ written notice by any party or automatically in the event of insolvency.

2. Confidentiality

All information exchanged between the parties is confidential and will not be disclosed except as required by law.

3. Plan Sponsor Responsibilities

The Sponsor is the fiduciary responsible for plan administration and service provider selection. They must provide Plan Rollouts with plan documents and accurate participant data.

4. Cybersecurity

Plan Rollouts will comply with all relevant privacy and security laws and will maintain cyber insurance to cover liabilities from breaches of their systems.

By clicking "I Agree," you confirm that you have read, understood, and agree to all terms outlined above.