City Council

6.4 Internal Revenue Code Section 401 and Section 457 Plans\nRecommendation:\n1. Adopt a resolution titled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY\nOF LAGUNA WOODS, CALIFORNIA, APPROVING A\nNEW ADMINISTRATIVE SERVICES AGREEMENT WITH\nTHE INTERNATIONAL CITY MANAGEMENT\nASSOCIATION RETIREMENT CORPORATION (DOING\nBUSINESS AS MISSIONSQUARE RETIREMENT) FOR\nLaguna Woods City Council Agenda  05/17/2023 Regular Page 5 of 11\nTHE CITY’S INTERAL REVENUE CODE SECTION 401\nAND INTERNAL REVENUE CODE SECTION 457 PLANS,\nAND AUTHORIZING THE EXECUTION OF THE\nADMINISTRATIVE SERVICES AGREEMENT, AS WELL\nAS OTHER RELATED DOCUMENTS AND ACTIONS\nAND\n2. Adopt a resolution titled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY\nOF LAGUNA WOODS, CALIFORNIA, AMENDING AND\nRESTATING THE CITY’S PLAN DOCUMENT FOR THE\nINTERNATIONAL CITY MANAGEMENT ASSOCIATION\nRETIREMENT CORPORATION (DOING BUSINESS AS\nMISSIONSQUARE RETIREMENT) INTERNAL REVENUE\nCODE SECTION 457 GOVERNMENTAL DEFERRED\nCOMPENSATION PLAN AND TRUST, AND\nAUTHORIZING THE EXECUTION OF THE PLAN\nDOCUMENT, AS WELL AS OTHER RELATED\nDOCUMENTS AND ACTIONS