West Covina

City Council

November 07, 2023 Item #7

Agenda Item 7

7) CONSIDERATION OF AMENDMENT TO BENEFIT PLAN ADMINISTRATION AGREEMENT\nIt is recommended that the City Council approve the following:\n1. Ratify execution of an agreement with Self Insured Services Company dba Benefit\nCoordinators Corporation for benefit plan administration.\n2. Authorize the Acting City Manager to execute an amendment to the agreement with Benefit\nCoordinators Corporation to update the terms and Named Fiduciary exhibit, in such final\nform as approved by the City Attorney.\n3. Appoint the City Manager and Finance Director as the Named Fiduciaries of the City's\nbenefit plan with authorization to increase annual contribution limits to the maximum\nallowed by the Internal Revenue Services (IRS).\nEND OF CONSENT CALENDAR\nHEARINGS