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Page 4. <br /> INDIANA DEFERRED COMPENSATION PLAN, INC. <br /> The last presentation was given by Gene Thompson, Sue Griffin, <br /> and Frank Trost. They noted that the Committee should be looking at <br /> three criteria: unique services , incentives of the plan, and how successful <br /> the plan is. <br /> They noted that their company was formed solely to serve Indiana <br /> employees. They believe they offer unique services which include payroll <br /> take-home deductions and preparation of W-2 forms being the only services <br /> performed by the City. <br /> They noted that they gave a presentation to the City Council late <br /> last year and gave additional written documentation today . The program <br /> is monitored by a Board of Finance Sub-Committee. <br /> Currently there are 63 local entities in Indiana participating and <br /> they also have a toll free number. <br /> They offer 9 investment options to be chosen by the employees . <br /> Their company has a 21-22 percent State-wide participation rate. <br /> Minimum contributions are $5.00 per week with a maximum of $7 ,500 <br /> annually. Mr. Frank Trost would be the local representative who would meet <br /> with the employees to explain the program and the investment options . <br /> Following questions from the Committee, the last presentor then left <br /> and Mr. Vance noted that two other companies had sent information to the <br /> City for consideration. It was recommended that this information be referred <br /> to Mr. Tim Meinkin for recommendation. <br /> Following further discussion it was also recommended that Prudential <br /> and Administrative Services not be considered in the final review. Mr. <br /> Meinkin would prepare a report for review by the Committee at a later date. <br /> Following further discussion the meeting was adjourned at 7 : 20 p .m. <br /> Respectfully submitted, <br /> Ann Puzzello, Chairman <br />