Client Service AgreementClient Service Agreement • May 5th, 2021 • South Dakota
This Client Service Agreement and Statement of Services and Fees (collectively the “Agreement”) is entered into by and between the Plan Sponsor, Plan Trustee or their Authorized Representative (“Sponsor”) and PenChecks Trust Company of America (“PenChecks Trust”), a South Dakota state-chartered, non-depository trust company, in its capacity as a distribution processor and directed custodian. The terms of this Agreement are accepted by the Sponsor on the date this Agreement is signed, and Sponsor completes the online registration process where the specific name of the Sponsor or its Authorized Representative, such as its Third-Party Administrator (“TPA”) or Plan Advisor, and the name of the qualified Plan are communicated to PenChecks Trust. When the Sponsor’s Authorized Representative is a duly appointed Trustee in Bankruptcy, please refer to section 11 below.