HomeMy Public PortalAboutR2178 R E S O L U T I O N NO. 2178
WHEREAS, The Metropolitan St. Louis Sewer District,
pursuant to Ordinance No. 9438, adopted January 12, 1995, provides
for the benefit of its employees a Deferred Compensation Plan in
compliance with Section 457 of the United States Internal Revenue
Code ("Code"), and
WHEREAS, in order to remain in compliance with the Code,
compensation deferred under said Deferred Compensation Plan, shall
at all times remain the sole asset of The Metropolitan St. Louis
Sewer District, and a separate book account will be maintained for
each participant to prescribe the investment of said Deferred
Compensation through a Participant Agreement, and
WHEREAS, it is the fiduciary responsibility of the
Trustees of The Metropolitan St. Louis Sewer District to provide
appropriate investment options,
NOW, THEREFORE, BE IT RESOLVED that the following
investment managers be appointed to act on behalf of the Deferred
Compensation Plan of The Metropolitan St. Louis Sewer District in
the manner as hereafter provided.
(A) Vanguard Windsor II Fund as managed by Barrow, Hanley,
Mewhinney & Strauss is hereby appointed as the Equity-
Income Investment Manager of the funds.
(B) Invesco Capital Management is hereby appointed as the
Equity-Growth and Income Investment Manager of the funds.
(C) Vanguard U.S. Growth Fund - as managed by the Lincoln
Capital Management Company is hereby appointed as the
Equity-Growth Investment Manager of the funds.
(D) Dodge & Cox, Inc. is hereby appointed as the Balanced
Fund Investment Manager of the funds.
(E) Federated Short-Intermediate Government Trust is hereby
appointed as the Fixed Income Investment Manager of the
Funds.
(F) Vanguard Money Market Reserve - Federal Portfolio is
hereby appointed as the Money Market Investment Manager
of the funds.
(G) American Express Institutional Services is hereby
appointed as the Stable Value Investment Manager of the
funds.
(H) Lincoln National Life is hereby appointed as a Manager
for the Existing Annuity Option of the funds.
(I) Mercantile Trust Company is hereby appointed as Short
Term Investment Fund Manager and Record Keeper.
BE IT FURTHER RESOLVED that the Executive Director, with
the approval of the Chairman of the Board of Trustees of The
Metropolitan St. Louis Sewer District, is hereby authorized to
execute any necessary instruments to give effect to the foregoing.
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The foregoing Resolution was adopted April 20, 1995.